FLC vs. HSSAX
Compare and contrast key facts about Flaherty & Crumrine Total Return Fund Inc (FLC) and Emerald Finance and Banking Innovation Fund (HSSAX).
FLC is an actively managed fund by Flaherty & Crumrine. It was launched on Aug 29, 2003. HSSAX is managed by Emerald. It was launched on Feb 18, 1997.
Performance
FLC vs. HSSAX - Performance Comparison
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FLC vs. HSSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLC Flaherty & Crumrine Total Return Fund Inc | -3.43% | 12.38% | 23.05% | -0.83% | -25.11% | 2.82% | 14.12% | 38.65% | -14.14% | 17.00% |
HSSAX Emerald Finance and Banking Innovation Fund | -12.92% | 12.11% | 16.47% | 15.58% | -55.87% | 38.83% | 11.94% | 20.55% | -19.86% | 12.63% |
Returns By Period
In the year-to-date period, FLC achieves a -3.43% return, which is significantly higher than HSSAX's -12.92% return. Over the past 10 years, FLC has outperformed HSSAX with an annualized return of 5.33%, while HSSAX has yielded a comparatively lower 3.11% annualized return.
FLC
- 1D
- 1.59%
- 1M
- -5.90%
- YTD
- -3.43%
- 6M
- -3.32%
- 1Y
- 6.24%
- 3Y*
- 11.79%
- 5Y*
- -0.62%
- 10Y*
- 5.33%
HSSAX
- 1D
- 0.40%
- 1M
- -4.07%
- YTD
- -12.92%
- 6M
- -13.79%
- 1Y
- 0.58%
- 3Y*
- 14.01%
- 5Y*
- -9.52%
- 10Y*
- 3.11%
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FLC vs. HSSAX - Expense Ratio Comparison
FLC has a 1.64% expense ratio, which is lower than HSSAX's 1.71% expense ratio.
Return for Risk
FLC vs. HSSAX — Risk / Return Rank
FLC
HSSAX
FLC vs. HSSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Total Return Fund Inc (FLC) and Emerald Finance and Banking Innovation Fund (HSSAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FLC | HSSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.03 | +0.52 |
Sortino ratioReturn per unit of downside risk | 0.75 | 0.23 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | -0.05 | +0.75 |
Martin ratioReturn relative to average drawdown | 2.71 | -0.12 | +2.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLC | HSSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.03 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.32 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.11 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.31 | -0.03 |
Correlation
The correlation between FLC and HSSAX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FLC vs. HSSAX - Dividend Comparison
FLC's dividend yield for the trailing twelve months is around 7.36%, while HSSAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLC Flaherty & Crumrine Total Return Fund Inc | 7.36% | 6.81% | 6.62% | 7.38% | 8.95% | 6.86% | 6.27% | 6.31% | 8.34% | 7.22% | 8.20% | 8.51% |
HSSAX Emerald Finance and Banking Innovation Fund | 0.00% | 0.00% | 1.98% | 0.00% | 0.00% | 11.48% | 0.00% | 0.00% | 26.56% | 2.83% | 0.00% | 0.00% |
Drawdowns
FLC vs. HSSAX - Drawdown Comparison
The maximum FLC drawdown since its inception was -76.79%, which is greater than HSSAX's maximum drawdown of -73.01%. Use the drawdown chart below to compare losses from any high point for FLC and HSSAX.
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Drawdown Indicators
| FLC | HSSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.79% | -73.01% | -3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -19.61% | +10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -40.14% | -73.01% | +32.87% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -73.01% | +17.74% |
Current DrawdownCurrent decline from peak | -6.77% | -54.79% | +48.02% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -18.77% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 7.90% | -5.64% |
Volatility
FLC vs. HSSAX - Volatility Comparison
The current volatility for Flaherty & Crumrine Total Return Fund Inc (FLC) is 4.25%, while Emerald Finance and Banking Innovation Fund (HSSAX) has a volatility of 5.95%. This indicates that FLC experiences smaller price fluctuations and is considered to be less risky than HSSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLC | HSSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.95% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 19.12% | -13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 26.90% | -15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 29.49% | -15.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 28.14% | -6.08% |