GAAEX vs. SSGLX
Compare and contrast key facts about Guinness Atkinson Alternative Energy Fund (GAAEX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
GAAEX is managed by Guinness Atkinson. It was launched on Mar 30, 2006. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
GAAEX vs. SSGLX - Performance Comparison
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GAAEX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAAEX Guinness Atkinson Alternative Energy Fund | -0.63% | 26.64% | -11.85% | -2.39% | -12.67% | 8.40% | 86.45% | 30.20% | -15.49% | 20.68% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 1.29% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, GAAEX achieves a -0.63% return, which is significantly lower than SSGLX's 1.29% return. Both investments have delivered pretty close results over the past 10 years, with GAAEX having a 8.61% annualized return and SSGLX not far ahead at 8.79%.
GAAEX
- 1D
- 3.44%
- 1M
- -8.28%
- YTD
- -0.63%
- 6M
- 0.16%
- 1Y
- 31.88%
- 3Y*
- -0.28%
- 5Y*
- -0.08%
- 10Y*
- 8.61%
SSGLX
- 1D
- 1.94%
- 1M
- -7.37%
- YTD
- 1.29%
- 6M
- 5.27%
- 1Y
- 26.80%
- 3Y*
- 15.14%
- 5Y*
- 7.06%
- 10Y*
- 8.79%
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GAAEX vs. SSGLX - Expense Ratio Comparison
GAAEX has a 1.98% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
GAAEX vs. SSGLX — Risk / Return Rank
GAAEX
SSGLX
GAAEX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Alternative Energy Fund (GAAEX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| GAAEX | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.76 | -0.30 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.37 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.35 | -0.20 |
Martin ratioReturn relative to average drawdown | 7.83 | 9.17 | -1.35 |
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
| GAAEX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.76 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.49 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.55 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.38 | -0.48 |
Correlation
The correlation between GAAEX and SSGLX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GAAEX vs. SSGLX - Dividend Comparison
GAAEX's dividend yield for the trailing twelve months is around 0.33%, less than SSGLX's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAAEX Guinness Atkinson Alternative Energy Fund | 0.33% | 0.33% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.28% | 0.00% | 0.00% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.36% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
GAAEX vs. SSGLX - Drawdown Comparison
The maximum GAAEX drawdown since its inception was -85.83%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for GAAEX and SSGLX.
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Drawdown Indicators
| GAAEX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.83% | -35.88% | -49.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -11.22% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.64% | -30.08% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -40.64% | -35.88% | -4.76% |
Current DrawdownCurrent decline from peak | -57.61% | -9.15% | -48.46% |
Average DrawdownAverage peak-to-trough decline | -63.74% | -8.32% | -55.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.87% | +1.13% |
Volatility
GAAEX vs. SSGLX - Volatility Comparison
Guinness Atkinson Alternative Energy Fund (GAAEX) has a higher volatility of 7.75% compared to State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) at 6.71%. This indicates that GAAEX's price experiences larger fluctuations and is considered to be riskier than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAAEX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 6.71% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 10.18% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.20% | 15.57% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 14.51% | +7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 16.15% | +6.11% |