- ISIN
- US4258871064
- CUSIP
- 425887106
- Issuer
- Hennessy
- Inception Date
- Mar 7, 1996
- Category
- Diversified Portfolio
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HBFBX Performance Chart
Hennessy Balanced Fund (HBFBX) is up 5.3% since the beginning of the year. HBFBX is currently trading at $13 per share. Investors who bought $1,000 worth of HBFBX shares 5 years ago would now be looking at an investment worth $1,377.
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Returns By Period
Hennessy Balanced Fund (HBFBX) has returned 5.33% so far this year and 11.97% over the past 12 months. Over the last ten years, HBFBX has returned 5.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hennessy Balanced Fund
- 1D
- -0.38%
- 1M
- -0.68%
- YTD
- 5.33%
- 6M
- 5.50%
- 1Y
- 11.97%
- 3Y*
- 8.66%
- 5Y*
- 6.61%
- 10Y*
- 5.82%
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%
HBFBX Monthly Returns History
Based on dividend-adjusted daily data since Mar 8, 1996, HBFBX's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +9.2%, while the worst month was Jan 2009 at -9.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HBFBX closed higher 48% of trading days. The best single day was Oct 28, 2008 with a return of +5.6%, while the worst single day was Dec 1, 2008 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.54% | 3.48% | -2.15% | -0.08% | 1.84% | -0.30% | 5.33% | ||||||
| 2025 | 2.48% | 2.33% | -0.18% | -2.46% | 0.76% | 1.45% | -0.50% | 1.74% | 0.48% | 1.06% | 3.07% | -0.63% | 9.90% |
| 2024 | 0.55% | -0.41% | 2.24% | -1.43% | 1.45% | -0.86% | 3.91% | 1.29% | 0.94% | -1.63% | 1.41% | -2.58% | 4.81% |
| 2023 | 1.20% | -1.93% | 1.50% | -0.14% | -2.17% | 1.89% | 2.69% | 0.30% | -1.93% | -0.98% | 3.37% | 3.81% | 7.62% |
| 2022 | 0.27% | -0.79% | 1.52% | -1.05% | 2.69% | -4.83% | 1.02% | -2.15% | -4.16% | 6.29% | 3.84% | 1.67% | 3.83% |
| 2021 | -0.26% | 2.58% | 4.16% | 0.16% | 1.53% | -0.78% | -0.72% | 0.64% | -2.23% | 1.14% | -2.33% | 4.14% | 8.07% |
Benchmark Metrics
Hennessy Balanced Fund has an annualized alpha of 0.81%, beta of 0.42, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since March 08, 1996.
- This fund participated in 44.30% of S&P 500 Index downside but only 39.42% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.42 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.81%
- Beta
- 0.42
- R²
- 0.69
- Upside Capture
- 39.42%
- Downside Capture
- 44.30%
Expense Ratio
HBFBX has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HBFBX 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 Hennessy Balanced Fund (HBFBX) 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.
| HBFBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.78 | +0.95 |
| Martin ratioReturn relative to average drawdown | 9.48 | 12.44 | -2.96 |
Dividends
Dividend History
Hennessy Balanced Fund provided a 1.78% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.63 | $0.54 | $1.09 | $0.46 | $0.11 | $0.63 | $0.64 | $0.94 | $0.95 | $0.31 |
Dividend yield | 1.78% | 1.90% | 5.40% | 4.62% | 9.50% | 3.79% | 0.95% | 5.20% | 5.51% | 7.62% | 7.76% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Balanced 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 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.24 |
| 2024 | $0.04 | $0.03 | $0.09 | $0.04 | $0.00 | $0.08 | $0.04 | $0.04 | $0.07 | $0.00 | $0.00 | $0.21 | $0.63 |
| 2023 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.08 | $0.00 | $0.03 | $0.12 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.01 | $0.00 | $0.02 | $0.03 | $0.02 | $0.02 | $0.95 | $1.09 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.46 |
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 Hennessy Balanced 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 Hennessy Balanced Fund was 41.61%, occurring on Mar 9, 2009. Recovery took 707 trading sessions.
The current Hennessy Balanced Fund drawdown is 1.71%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -41.61%Mar 2009 | 1y 4mo | 2y 9mo | 4y 2moOct 2007 - Dec 2011 |
Dot-com crash2000–2002 | -17.82%Oct 2002 | 4mo 18d | 1y 2mo | 1y 6moMay 2002 - Dec 2003 |
COVID crash2020 | -17.24%Mar 2020 | 2mo 20d | 11mo 7d | 1y 1moJan 2020 - Feb 2021 |
Dot-com crash2000–2002 | -14.08%Mar 2000 | 10mo 4d | 12mo 2d | 1y 10moMay 1999 - Mar 2001 |
Bear market2022 | -10.22%Sep 2022 | 5mo 12d | 2mo 9d | 7mo 21dApr 2022 - Dec 2022 |
Drawdown Indicators
| HBFBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.61% | -56.78% | +15.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -9.10% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -18.90% | +12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -10.22% | -25.43% | +15.21% |
Max Drawdown (10Y)Largest decline over 10 years | -17.24% | -33.92% | +16.68% |
Current DrawdownCurrent decline from peak | -1.71% | -1.80% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -10.71% | +6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.03% | -0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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