Emerald Finance and Banking Innovation Fund (HSSAX)
The fund has adopted an investment policy that it will, under normal conditions, invest at least 80% of the value of its assets (net assets plus the amount of any borrowings for investment purposes) in stocks (both common and preferred) of companies principally engaged in banking or financial services, and collective investment vehicles such as mutual funds and exchange-traded funds that invest in companies that are principally engaged in banking and financial services.
Fund Info
US3176092464
317609246
Feb 18, 1997
$2,000
Expense Ratio
HSSAX has a high expense ratio of 1.71%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Emerald Finance and Banking Innovation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Emerald Finance and Banking Innovation Fund had a return of 5.42% year-to-date (YTD) and 29.51% in the last 12 months. Over the past 10 years, Emerald Finance and Banking Innovation Fund had an annualized return of 1.76%, while the S&P 500 had an annualized return of 11.31%, indicating that Emerald Finance and Banking Innovation Fund did not perform as well as the benchmark.
HSSAX
5.42%
3.22%
16.43%
29.51%
-1.18%
1.76%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of HSSAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.00% | 5.42% | |||||||||||
| 2024 | -2.49% | -3.01% | 2.09% | -7.25% | 2.43% | 1.32% | 19.45% | -0.19% | -0.22% | 1.38% | 13.25% | -8.22% | 16.47% |
| 2023 | 4.56% | -1.16% | -14.18% | -1.68% | -4.21% | 8.69% | 16.55% | -7.82% | -6.25% | -5.29% | 13.53% | 17.55% | 15.58% |
| 2022 | -14.86% | 1.81% | -5.83% | -19.56% | -8.07% | -17.20% | 12.07% | -3.44% | -11.80% | 3.01% | -2.34% | -8.04% | -55.87% |
| 2021 | 5.28% | 16.62% | 8.12% | -0.94% | -4.13% | 0.81% | -0.82% | 10.42% | -2.93% | 19.35% | -3.91% | -12.89% | 34.97% |
| 2020 | -3.11% | -7.34% | -32.70% | 8.18% | 4.72% | 6.34% | 0.94% | 5.91% | -1.21% | 3.60% | 15.70% | 21.48% | 11.94% |
| 2019 | 6.68% | 5.87% | -6.07% | 6.13% | -6.33% | 7.64% | 0.30% | -5.83% | 4.53% | 0.98% | 3.62% | 2.79% | 20.55% |
| 2018 | 2.36% | -1.96% | 1.01% | -0.04% | 4.93% | -0.31% | -0.60% | 2.32% | -2.39% | -11.55% | -0.26% | -31.08% | -36.03% |
| 2017 | -0.60% | 3.52% | -1.99% | -0.41% | -2.62% | 4.44% | 0.94% | -2.22% | 6.82% | 1.68% | 2.36% | -2.24% | 9.58% |
| 2016 | -7.98% | -5.17% | 5.95% | 4.55% | 1.31% | -4.36% | 3.33% | 4.79% | -1.01% | -0.31% | 17.76% | 8.68% | 28.10% |
| 2015 | -6.81% | 6.73% | 3.03% | -0.21% | 2.43% | 5.79% | 1.44% | -3.50% | 1.93% | 3.75% | 5.13% | -4.91% | 14.68% |
| 2014 | -0.91% | 3.64% | 2.44% | -5.74% | 0.11% | 3.90% | -3.64% | 2.10% | -2.28% | 4.94% | -0.40% | 3.37% | 7.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HSSAX is 56, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Emerald Finance and Banking Innovation Fund (HSSAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Emerald Finance and Banking Innovation Fund provided a 1.88% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $0.00 | $0.00 | $4.23 |
Dividend yield | 1.88% | 1.98% | 0.00% | 0.00% | 8.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Emerald Finance and Banking Innovation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $4.23 | $4.23 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Emerald Finance and Banking Innovation 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 Finance and Banking Innovation Fund was 73.76%, occurring on May 4, 2023. The portfolio has not yet recovered.
The current Emerald Finance and Banking Innovation Fund drawdown is 52.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.76% | Nov 9, 2021 | 373 | May 4, 2023 | — | — | — |
| -68.06% | Nov 22, 2006 | 573 | Mar 9, 2009 | 1574 | Jun 10, 2015 | 2147 |
| -63.98% | Jun 21, 2018 | 438 | Mar 18, 2020 | 226 | Feb 9, 2021 | 664 |
| -44.99% | Oct 10, 1997 | 260 | Oct 8, 1998 | 695 | Jun 27, 2001 | 955 |
| -21.04% | Dec 2, 2015 | 49 | Feb 11, 2016 | 190 | Nov 10, 2016 | 239 |
Volatility
Volatility Chart
The current Emerald Finance and Banking Innovation Fund volatility is 4.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.