Herald Investment Trust

10-Year Study

HRI.LSE · Financial Services · GB · Common Stock

Executive Summary: Herald Investment Trust has compounded at 14.7% annually over the last 10 years, with a maximum drawdown of 35.6% and an annualized volatility of 26.2%.

1Y CAGR
+27.8%
3Y CAGR
+15.0%
5Y CAGR
+4.8%
10Y CAGR
+14.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
35.6%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.58
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.89
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
21.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +51.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -28.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20265.40.8-5.512.0————————12.5%
2025-3.3-6.0-11.72.58.07.26.3-4.34.71.6-4.60.6-1.0%
20242.94.72.2-0.53.30.53.7-4.6-3.5-0.213.23.226.4%
20235.42.9-9.2-1.94.7-2.83.2-2.0-3.2-5.811.86.57.9%
2022-19.2-5.7-0.7-5.5-1.2-8.88.7-4.4-2.55.54.9-1.4-28.9%
2021-1.3-4.7-1.49.4-5.51.46.44.50.2-3.31.35.311.6%
2020-0.4-8.1-18.824.57.24.68.7-1.1-1.15.810.118.051.7%
20199.84.2-0.410.4-2.81.7-0.3-1.5-1.2-0.89.35.337.7%
20182.5-2.1-3.08.35.73.1-3.03.4-2.6-9.5-2.1-7.7-8.2%
20171.83.3-0.31.85.20.56.61.32.26.90.7-1.032.7%
2016———-0.90.5-2.311.84.63.10.80.06.726.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 26.2%. The dominant macroeconomic risk driver is VTI.US, accounting for 37.5% of variance. Idiosyncratic stock-specific factors contribute 18.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019907.010014306152
2016-05-019957.081545064379
2016-06-019728.183118741059
2016-07-0110872.675250357654
2016-08-0111373.390557939916
2016-09-0111731.044349070102
2016-10-0111824.034334763948
2016-11-0111827.61087267525
2016-12-0112625.178826895564
2017-01-0112846.92417739628
2017-02-0113276.108726752505
2017-03-0113233.190271816882
2017-04-0113476.394849785407
2017-05-0114177.396280400571
2017-06-0114248.927038626609
2017-07-0115185.979971387698
2017-08-0115386.2660944206
2017-09-0115722.460658082975
2017-10-0116809.728183118743
2017-11-0116924.1773962804
2017-12-0116752.50357653791
2018-01-0117167.38197424893
2018-02-0116809.728183118743
2018-03-0116309.012875536482
2018-04-0117668.09728183119
2018-05-0118669.527896995707
2018-06-0119241.773962804004
2018-07-0118669.527896995707
2018-08-0119313.304721030043
2018-09-0118812.589413447782
2018-10-0117024.320457796854
2018-11-0116666.666666666668
2018-12-0115379.113018597996
2019-01-0116881.25894134478
2019-02-0117596.56652360515
2019-03-0117525.035765379114
2019-04-0119341.917024320457
2019-05-0118798.283261802575
2019-06-0119113.01859799714
2019-07-0119055.79399141631
2019-08-0118769.67095851216
2019-09-0118540.77253218884
2019-10-0118397.711015736768
2019-11-0120114.44921316166
2019-12-0121173.104434907007
2020-01-0121087.267525035768
2020-02-0119370.52932761087
2020-03-0115736.766809728182
2020-04-0119599.42775393419
2020-05-0121001.43061516452
2020-06-0121974.248927038625
2020-07-0123891.273247496425
2020-08-0123633.76251788269
2020-09-0123376.251788268957
2020-10-0124721.030042918457
2020-11-0127210.30042918455
2020-12-0132117.3104434907
2021-01-0131688.12589413448
2021-02-0130185.979971387696
2021-03-0129756.79542203147
2021-04-0132546.494992846925
2021-05-0130758.226037195993
2021-06-0131187.410586552214
2021-07-0133190.27181688126
2021-08-0134692.417739628036
2021-09-0134763.94849785408
2021-10-0133619.456366237486
2021-11-0134048.64091559371
2021-12-0135836.909871244636
2022-01-0128969.957081545064
2022-02-0127324.749642346207
2022-03-0127124.463519313307
2022-04-0125636.623748211732
2022-05-0125321.888412017168
2022-06-0123090.128755364807
2022-07-0125092.989985693846
2022-08-0123977.110157367668
2022-09-0123376.251788268957
2022-10-0124663.805436337625
2022-11-0125865.52217453505
2022-12-0125493.562231759657
2023-01-0126866.95278969957
2023-02-0127639.48497854077
2023-03-0125092.989985693846
2023-04-0124606.580829756796
2023-05-0125751.072961373393
2023-06-0125035.76537911302
2023-07-0125836.909871244632
2023-08-0125321.888412017168
2023-09-0124520.74391988555
2023-10-0123090.128755364807
2023-11-0125808.297567954218
2023-12-0127496.423462088696
2024-01-0128297.567954220314
2024-02-0129613.733905579396
2024-03-0130257.510729613736
2024-04-0130114.44921316166
2024-05-0131115.879828326182
2024-06-0131258.941344778254
2024-07-0132403.43347639485
2024-08-0130901.287553648068
2024-09-0129828.32618025751
2024-10-0129756.79542203147
2024-11-0133690.98712446352
2024-12-0134763.94849785408
2025-01-0133619.456366237486
2025-02-0131616.59513590844
2025-03-0127925.60801144492
2025-04-0128612.30329041488
2025-05-0130901.287553648068
2025-06-0133118.74105865522
2025-07-0135193.1330472103
2025-08-0133690.98712446352
2025-09-0135264.663805436336
2025-10-0135836.90844062947
2025-11-0134191.70243204578
2025-12-0134406.29470672389
2026-01-0136266.09442060086
2026-02-0136552.21745350501
2026-03-0134549.356223175964
2026-04-0138698.14020028612
Annual Return Matrix
YearAnnual Return
20170.32691218130311617
2018-0.08198121263877023
20190.3767441860465117
20200.5168918918918919
20210.11581291759465473
2022-0.28862275449101793
20230.07856341189674532
20240.26430801248699276
2025-0.010288065843621408
20260.12474012474012475
Total Factor Risk
0.2623455766400849
VTI.US Exposure
0.37521442228214597
VEA.US Exposure
0.15864964467313572
VWO.US Exposure
-0.026828343140842502
QQQ.US Exposure
-0.031257960142765925
VTV.US Exposure
-0.08983548594995402
IJR.US Exposure
0.10999087288785077
QUAL.US Exposure
-0.04015736605033822
SHV.US Exposure
0.25502099610016304
TLT.US Exposure
0.00028745288017572966
LQD.US Exposure
0.03046586147190113
HYG.US Exposure
0.004366109701521217
GLD.US Exposure
0.00009269226225492372
USO.US Exposure
-0.002196042891463387
VNQ.US Exposure
0.011731877517882608
BTC-USD.CC Exposure
0.010374377053335762
CPER.US Exposure
-0.005127799103840831
VIX.INDX Exposure
-0.0220061974114235
UUP.US Exposure
0.028968757164326158
TIP.US Exposure
0.05255194309994645
Idiosyncratic Exposure
0.17969418759598904
Value Score
45
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
26.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →12.6x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$1.2B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+7.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+10.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.62
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Herald Investment Trust a high-risk investment?

Herald Investment Trust (HRI.LSE) has an annualized volatility of 26.2% and experienced a maximum drawdown of 35.6% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of HRI.LSE?

Over the past 10 years, HRI.LSE has generated a Compound Annual Growth Rate (CAGR) of 14.7%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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