- ISIN
- US3176092878
- Issuer
- Emerald
- Inception Date
- Oct 1, 1992
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
HSPGX Performance Chart
Emerald Growth Fund (HSPGX) is up 24.9% since the beginning of the year. HSPGX is currently trading at $34 per share. Investors who bought $1,000 worth of HSPGX shares 5 years ago would now be looking at an investment worth $1,875.
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Returns By Period
Emerald Growth Fund (HSPGX) has returned 24.87% so far this year and 66.56% over the past 12 months. Looking at the last ten years, HSPGX has achieved an annualized return of 16.02%, outperforming the S&P 500 Index benchmark, which averaged 13.65% per year.
Emerald Growth Fund
- 1D
- -0.91%
- 1M
- 3.87%
- YTD
- 24.87%
- 6M
- 20.96%
- 1Y
- 66.56%
- 3Y*
- 31.99%
- 5Y*
- 13.40%
- 10Y*
- 16.02%
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
HSPGX Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 1992, HSPGX's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Dec 1999 with a return of +27.7%, while the worst month was Jan 1993 at -48.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 7 months.
On a daily basis, HSPGX closed higher 53% of trading days. The best single day was Jul 16, 1996 with a return of +25.2%, while the worst single day was Jan 4, 1993 at -50.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.58% | 1.65% | -7.48% | 18.49% | 6.10% | 0.03% | 24.87% | ||||||
| 2025 | 4.15% | -7.51% | -9.10% | -0.73% | 9.64% | 10.50% | 3.49% | 6.58% | 6.98% | 5.66% | 2.43% | -2.12% | 31.62% |
| 2024 | -3.41% | 8.26% | 1.14% | -5.03% | 7.59% | 1.52% | 5.51% | 0.29% | 0.04% | -1.22% | 11.84% | -0.20% | 28.04% |
| 2023 | 9.03% | -1.72% | -2.90% | -0.43% | 0.95% | 8.11% | 4.97% | -6.63% | -6.73% | -6.43% | 11.52% | 10.01% | 18.66% |
| 2022 | -14.06% | 2.12% | 1.37% | -7.65% | -5.32% | -8.80% | 9.16% | 0.22% | -8.57% | 11.58% | 1.60% | -6.33% | -24.65% |
| 2021 | 1.46% | 4.86% | -2.88% | 4.37% | -2.67% | 1.64% | -2.17% | 3.45% | -3.74% | 5.01% | -5.58% | 0.54% | 3.59% |
Benchmark Metrics
Emerald Growth Fund has an annualized alpha of 3.25%, beta of 1.04, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since October 01, 1992.
- This fund captured 115.64% of S&P 500 Index gains and 106.03% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.25% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.04 and R2 of 0.57, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.25%
- Beta
- 1.04
- R²
- 0.57
- Upside Capture
- 115.64%
- Downside Capture
- 106.03%
Expense Ratio
HSPGX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HSPGX ranks 80 for risk / return — better than 80% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Emerald Growth Fund (HSPGX) and compare them to S&P 500 Index.
| HSPGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 2.98 | +1.71 |
| Martin ratioReturn relative to average drawdown | 19.79 | 13.78 | +6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Emerald Growth Fund provided a 10.20% dividend yield over the last twelve months, with an annual payout of $3.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.43 | $3.43 | $5.11 | $1.45 | $1.78 | $5.56 | $2.85 | $0.38 | $2.47 |
Dividend yield | 10.20% | 12.74% | 21.85% | 6.43% | 8.77% | 19.11% | 8.48% | 1.45% | 11.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Emerald Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.23 | $0.00 | $0.00 | $0.00 | $1.20 | $3.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $0.00 | $0.00 | $0.00 | $0.00 | $3.53 | $5.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.56 | $5.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Emerald Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Emerald Growth Fund was 60.28%, occurring on Mar 12, 2003. Recovery took 2001 trading sessions.
The current Emerald Growth Fund drawdown is 0.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -60.28%Mar 2003 | 2y 12mo | 7y 11mo | 10y 11moMar 2000 - Feb 2011 |
1993 bear market1993 | -51.84%Feb 1993 | 1mo 20d | 2y 10mo | 2y 11moJan 1993 - Dec 1995 |
COVID crash2020 | -41.48%Mar 2020 | 26d | 4mo 18d | 5mo 14dFeb 2020 - Aug 2020 |
Bear market2022 | -38.65%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
1998 bear market1998 | -38.40%Oct 1998 | 5mo 19d | 11mo 7d | 1y 4moApr 1998 - Sep 1999 |
Drawdown Indicators
| HSPGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.28% | -56.78% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -9.10% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.63% | -18.90% | -9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -38.65% | -25.43% | -13.22% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -33.92% | -7.56% |
Current DrawdownCurrent decline from peak | -0.91% | -0.33% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -19.01% | -10.72% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.97% | +1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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