Emerald Finance and Banking Innovation Fund (HSSAX) belongs to the Financials Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HSSAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HSSAX
HSSAX charges 1.71% annually. There are 25 mutual funds in the Financials Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Financials Index Fund Admiral Shares | 0.09% | 13.50B | Feb 2004 | HSSAX vs VFAIX | |
| Fidelity Advisor Financial Services Fund Class Z | 0.64% | — | Oct 2018 | HSSAX vs FIKBX | |
| Fidelity Select Banking Portfolio | 0.73% | — | Jun 1986 | HSSAX vs FSRBX | |
| Fidelity Select Financial Services Portfolio | 0.73% | — | Dec 1981 | HSSAX vs FIDSX | |
| Fidelity Select Brokerage & Invmt Mgmt Portfolio | 0.75% | — | Jul 1985 | HSSAX vs FSLBX |
Best Risk-Adjusted Alternatives to HSSAX
HSSAX has a PortfoliosLab risk / return rank of 7. There are 21 mutual funds in the Financials Equities category with higher risk-adjusted ranks, going as high as 73.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Global Financial Services Fund | 73 | — | Oct 2018 | HSSAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 71 | — | Oct 2018 | HSSAX vs GAFSX | |
| RMB Mendon Financial Services Fund | 59 | — | Jun 1999 | HSSAX vs RMBKX | |
| Hennessy Small Cap Financial Fund | 38 | — | Jan 1997 | HSSAX vs HSFNX | |
| Rydex Banking Fund | 36 | — | Apr 1998 | HSSAX vs RYKIX |
Top Performing HSSAX Alternatives (YTD)
HSSAX is at 0.60% YTD. There are 16 mutual funds in the Financials Equities category with higher YTD returns, going as high as 13.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund | 13.40% | — | Jun 1999 | HSSAX vs RMBKX | |
| John Hancock Regional Bank Fund | 12.63% | — | Jan 1992 | HSSAX vs FRBAX | |
| John Hancock Financial Opportunities Fund | 12.49% | — | Aug 1994 | HSSAX vs BTO | |
| Hennessy Small Cap Financial Fund | 11.31% | — | Jan 1997 | HSSAX vs HSFNX | |
| Fidelity Select Banking Portfolio | 10.54% | — | Jun 1986 | HSSAX vs FSRBX |
Lowest Volatility Alternatives to HSSAX
HSSAX has 24.56% 1-year volatility. There are 28 mutual funds in the Financials Equities category with lower 1-year volatility, going as low as 7.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Flaherty & Crumrine Total Return Fund Inc | 7.22% | — | Aug 2003 | HSSAX vs FLC | |
| Saratoga Financial Service Fund | 9.55% | — | Aug 2000 | HSSAX vs SFPAX | |
| Gabelli Global Financial Services Fund | 12.78% | — | Oct 2018 | HSSAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 12.82% | — | Oct 2018 | HSSAX vs GAFSX | |
| ICON Consumer Select Fund | 14.09% | — | Jul 1997 | HSSAX vs ICFSX |
Lowest Drawdown Alternatives to HSSAX
HSSAX has a 1-year max drawdown of -19.61%. There are 26 mutual funds in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -4.86%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Saratoga Financial Service Fund | -4.86% | — | Aug 2000 | HSSAX vs SFPAX | |
| Flaherty & Crumrine Total Return Fund Inc | -8.34% | — | Aug 2003 | HSSAX vs FLC | |
| Gabelli Global Financial Services Fund | -9.42% | — | Oct 2018 | HSSAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | -9.47% | — | Oct 2018 | HSSAX vs GAFSX | |
| RMB Mendon Financial Services Fund | -9.48% | — | Jun 1999 | HSSAX vs RMBKX |
Other Mutual Funds from Emerald
The 2 most viewed Emerald mutual funds shown here include FGROX, HSPGX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Emerald Growth Fund Institutional Class | Small Cap Growth Equities | 89 | 35.00% | — | Oct 2008 | HSSAX vs FGROX | |
| Emerald Growth Fund | Small Cap Growth Equities | 88 | 34.80% | — | Oct 1992 | HSSAX vs HSPGX |
Often Compared With HSSAX
Investors most often compare HSSAX with SBFAX, RYFIX, FSPCX. These 3 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| 1919 Financial Services Fund | Financials Equities | 4 | -1.82% | — | Nov 1998 | HSSAX vs SBFAX | |
| Rydex Financial Services Fund | Financials Equities | 7 | 0.46% | — | Apr 1998 | HSSAX vs RYFIX | |
| Fidelity Select Insurance Portfolio | Financials Equities | 2 | -1.11% | — | Dec 1985 | HSSAX vs FSPCX |
Compare HSSAX with Any Fund or Stock
Compare HSSAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HSSAX with funds that move differently
Emerald Finance and Banking Innovation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HSSAX.
Explore HSSAX Diversifiers