Hennessy Balanced Fund (HBFBX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HBFBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HBFBX
HBFBX charges 0.49% annually. There are 184 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | HBFBX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | HBFBX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | HBFBX vs TSAIX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | HBFBX vs VBAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | HBFBX vs BWBIX |
Best Risk-Adjusted Alternatives to HBFBX
HBFBX has a PortfoliosLab risk / return rank of 73. There are 124 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | HBFBX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 97 | — | Dec 2002 | HBFBX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | HBFBX vs NWQIX | |
| Federated Hermes Municipal and Stock Advantage Fun... | 93 | — | Sep 2003 | HBFBX vs FMUAX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | HBFBX vs AYBLX |
Top Performing HBFBX Alternatives (YTD)
HBFBX is at 6.15% YTD. There are 301 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.90%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 31.90% | — | Jan 1998 | HBFBX vs EKBAX | |
| Greenspring Fund | 19.62% | — | Jun 1983 | HBFBX vs GRSPX | |
| ICON Equity Income Fund | 18.26% | — | May 2004 | HBFBX vs IOEZX | |
| MH Elite Small Cap Fund of Funds Fund | 18.12% | — | Aug 1998 | HBFBX vs MHELX | |
| Thornburg Investment Income Builder Fund Class I | 16.39% | — | Dec 2002 | HBFBX vs TIBIX |
Lowest Volatility Alternatives to HBFBX
HBFBX has 6.00% 1-year volatility. There are 101 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | HBFBX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | HBFBX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | HBFBX vs SCLAX | |
| Ave Maria Bond Fund | 2.98% | — | Apr 2003 | HBFBX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | HBFBX vs CSTAX |
Lowest Drawdown Alternatives to HBFBX
HBFBX has a 1-year max drawdown of -3.20%. There are 11 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | HBFBX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | HBFBX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | HBFBX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | HBFBX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | HBFBX vs CSTAX |
Other Mutual Funds from Hennessy
The 10 most viewed Hennessy mutual funds shown here include HFMDX, HFCGX, HJPNX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Hennessy Cornerstone Mid Cap 30 Fund | Mid Cap Blend Equities | 24 | 14.72% | — | Sep 2003 | HBFBX vs HFMDX | |
| Hennessy Cornerstone Growth Fund | Small Cap Blend Equities | 41 | 13.19% | — | Nov 1996 | HBFBX vs HFCGX | |
| Hennessy Japan Fund | Japan Equities, Asia Pacific Equities | 59 | 23.46% | — | Oct 2003 | HBFBX vs HJPNX | |
| Hennessy Midstream Fund | Energy Equities | 41 | 19.14% | — | Dec 2013 | HBFBX vs HMSIX | |
| Hennessy Focus Fund | Mid Cap Growth Equities | 9 | 3.80% | — | Jan 1997 | HBFBX vs HFCSX | |
| Hennessy Cornerstone Value Fund | Large Cap Value Equities | 87 | 13.20% | — | Nov 1996 | HBFBX vs HFCVX | |
| Hennessy Gas Utility Fund | Utilities Equities | 47 | 13.80% | — | May 1989 | HBFBX vs GASFX | |
| Hennessy Midstream Fund Investor Class | MLPs | 40 | 18.91% | — | Dec 2013 | HBFBX vs HMSFX | |
| Hennessy Japan Small Cap Fund | Japan Equities, Asia Pacific Equities | 46 | 15.51% | — | Aug 2007 | HBFBX vs HJPSX | |
| Hennessy Energy Transition Fund | Energy Equities | 46 | 22.30% | — | Dec 2013 | HBFBX vs HNRIX |
Often Compared With HBFBX
Investors most often compare HBFBX with HTECX, GILD, AAAAX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare HBFBX with Any Fund or Stock
Compare HBFBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HBFBX with funds that move differently
Hennessy Balanced Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBFBX.
Explore HBFBX Diversifiers