- ISIN
- US4020311084
- CUSIP
- 402031108
- Issuer
- Guinness Atkinson
- Inception Date
- Apr 28, 1996
- Category
- Asia Pacific Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IASMX Performance Chart
Guinness Atkinson Asia Focus Fund (IASMX) is up 18.9% since the beginning of the year. IASMX is currently trading at $22 per share. Investors who bought $1,000 worth of IASMX shares 5 years ago would now be looking at an investment worth $1,128.
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Returns By Period
Guinness Atkinson Asia Focus Fund (IASMX) has returned 18.89% so far this year and 38.75% over the past 12 months. Over the last ten years, IASMX has returned 9.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Guinness Atkinson Asia Focus Fund
- 1D
- 2.28%
- 1M
- 4.07%
- YTD
- 18.89%
- 6M
- 20.12%
- 1Y
- 38.75%
- 3Y*
- 15.81%
- 5Y*
- 2.44%
- 10Y*
- 9.21%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IASMX Monthly Returns History
Based on dividend-adjusted daily data since Apr 29, 1996, IASMX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 55% of months were positive and 45% were negative. The best month was Feb 1998 with a return of +28.7%, while the worst month was Oct 2008 at -31.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IASMX closed higher 51% of trading days. The best single day was Feb 2, 1998 with a return of +12.3%, while the worst single day was Sep 17, 2001 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.52% | 2.21% | -7.28% | 11.85% | 2.81% | 3.39% | 18.89% | ||||||
| 2025 | 1.77% | 2.90% | -2.94% | -1.35% | 7.46% | 6.21% | 5.16% | 2.02% | 6.68% | 0.05% | -1.25% | 0.20% | 29.64% |
| 2024 | -6.68% | 5.42% | -0.21% | -2.20% | 0.56% | 3.91% | -2.35% | -0.34% | 11.88% | -6.85% | -0.86% | 3.47% | 4.38% |
| 2023 | 12.42% | -8.35% | 3.42% | -4.44% | -0.62% | 4.18% | 8.23% | -6.99% | -3.52% | -5.51% | 5.98% | 3.32% | 5.95% |
| 2022 | -4.17% | -4.10% | -6.31% | -7.53% | 3.33% | -2.39% | -3.24% | -3.16% | -14.82% | -7.82% | 22.94% | -0.93% | -28.04% |
| 2021 | 4.08% | 2.75% | -3.23% | 2.36% | -1.59% | -1.25% | -5.93% | 0.35% | -6.06% | 2.95% | -2.37% | 1.95% | -6.46% |
Benchmark Metrics
Guinness Atkinson Asia Focus Fund has an annualized alpha of 0.72%, beta of 0.62, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since April 29, 1996.
- This fund participated in 110.88% of S&P 500 Index downside but only 92.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.62 may look defensive, but with R2 of 0.26 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.26 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.72%
- Beta
- 0.62
- R²
- 0.26
- Upside Capture
- 92.88%
- Downside Capture
- 110.88%
Expense Ratio
IASMX has a high expense ratio of 1.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IASMX ranks 65 for risk / return — better than 65% 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 Guinness Atkinson Asia Focus Fund (IASMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IASMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 2.78 | +1.07 |
| Martin ratioReturn relative to average drawdown | 11.70 | 12.44 | -0.74 |
Dividends
Dividend History
Guinness Atkinson Asia Focus Fund provided a 5.82% dividend yield over the last twelve months, with an annual payout of $1.28 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.28 | $1.28 | $0.23 | $0.17 | $0.48 | $1.86 | $1.37 | $1.32 | $2.12 | $0.20 | $0.22 | $0.17 |
Dividend yield | 5.82% | 6.92% | 1.51% | 1.16% | 3.40% | 9.14% | 5.78% | 6.61% | 12.82% | 0.90% | 1.44% | 1.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Guinness Atkinson Asia Focus 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 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 | $1.86 |
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 Guinness Atkinson Asia Focus 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 Guinness Atkinson Asia Focus Fund was 76.53%, occurring on Sep 21, 2001. Recovery took 1363 trading sessions.
The current Guinness Atkinson Asia Focus Fund drawdown is 1.41%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -76.53%Sep 2001 | 4y 27d | 5y 5mo | 9y 6moAug 1997 - Feb 2007 |
Financial crisis2007–2009 | -72.52%Oct 2008 | 12mo 1d | 9y 2mo | 10y 2moNov 2007 - Jan 2018 |
Bear market2022 | -52.51%Oct 2022 | 1y 8mo | — | 5y 4moFeb 2021 - now |
COVID crash2020 | -32.59%Mar 2020 | 2mo 5d | 5mo 1d | 7mo 6dJan 2020 - Aug 2020 |
Rate-hike selloffLate 2018 | -26.13%Oct 2018 | 9mo 3d | 1y 1mo | 1y 11moJan 2018 - Dec 2019 |
Drawdown Indicators
| IASMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.53% | -56.78% | -19.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -9.10% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | -18.90% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -46.57% | -25.43% | -21.14% |
Max Drawdown (10Y)Largest decline over 10 years | -52.51% | -33.92% | -18.59% |
Current DrawdownCurrent decline from peak | -1.41% | -1.80% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -33.16% | -10.71% | -22.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 2.03% | +1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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