- ISIN
- US02110A5149
- CUSIP
- 43162P108
- Inception Date
- Dec 29, 2000
- Category
- Large Cap Value Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
HCMAX Performance Chart
Hillman Value Fund (HCMAX) is up 2.6% since the beginning of the year. HCMAX is currently trading at $27 per share.
Loading charts...
Returns By Period
Hillman Value Fund (HCMAX) has returned 2.57% so far this year and 13.11% over the past 12 months.
Hillman Value Fund
- 1D
- -0.48%
- 1M
- -1.70%
- YTD
- 2.57%
- 6M
- 2.85%
- 1Y
- 13.11%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
HCMAX Monthly Returns History
Based on dividend-adjusted daily data since Mar 15, 2022, HCMAX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jan 2023 with a return of +9.7%, while the worst month was Sep 2022 at -8.7%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HCMAX closed higher 49% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Apr 4, 2025 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.75% | 3.75% | -7.54% | 2.60% | 4.59% | -3.03% | 2.57% | ||||||
| 2025 | 1.82% | 1.16% | -2.98% | -3.89% | 3.09% | 3.14% | -0.03% | 4.48% | 0.13% | -0.74% | 1.89% | 1.97% | 10.12% |
| 2024 | -0.26% | 3.14% | 3.96% | -5.59% | 1.95% | -0.44% | 3.06% | 0.61% | 1.70% | -3.29% | 4.42% | 1.78% | 11.09% |
| 2023 | 9.68% | -3.74% | 3.03% | 0.36% | -0.39% | 5.20% | 4.06% | -4.52% | -4.09% | -2.61% | 9.52% | 6.98% | 24.39% |
| 2022 | 4.72% | -6.79% | 0.69% | -8.07% | 6.00% | -5.69% | -8.72% | 7.89% | 8.78% | -4.97% | -8.05% |
Benchmark Metrics
Hillman Value Fund has an annualized alpha of -2.86%, beta of 0.84, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since March 15, 2022.
- This fund participated in 95.57% of S&P 500 Index downside but only 75.85% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.86% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.86%
- Beta
- 0.84
- R²
- 0.72
- Upside Capture
- 75.85%
- Downside Capture
- 95.57%
Expense Ratio
HCMAX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HCMAX ranks 16 for risk / return — in the bottom 16% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hillman Value Fund (HCMAX) 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.
| HCMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.46 | -1.09 |
| Martin ratioReturn relative to average drawdown | 3.81 | 10.92 | -7.11 |
Dividends
Dividend History
Hillman Value Fund provided a 16.04% dividend yield over the last twelve months, with an annual payout of $4.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $4.36 | $4.36 | $6.05 | $0.96 | $3.16 |
Dividend yield | 16.04% | 16.45% | 21.58% | 3.09% | 12.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Hillman Value 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.36 | $4.36 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.05 | $6.05 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
| 2022 | $3.16 | $3.16 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Hillman Value 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 Hillman Value Fund was 23.03%, occurring on Sep 30, 2022. Recovery took 195 trading sessions.
The current Hillman Value Fund drawdown is 4.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -23.03%Sep 2022 | 6mo 4d | 9mo 16d | 1y 3moMar 2022 - Jul 2023 |
2025 selloff2025 | -16.14%Apr 2025 | 29d | 2mo 25d | 3mo 24dMar 2025 - Jul 2025 |
2023 correction2023 | -12.78%Oct 2023 | 2mo 27d | 1mo 16d | 4mo 13dAug 2023 - Dec 2023 |
2026 correction2026 | -10.34%Mar 2026 | 1mo 6d | — | 4mo 5dFeb 2026 - now |
2024 pullback2024 | -6.71%Aug 2024 | 4mo 8d | 1mo 18d | 5mo 26dApr 2024 - Sep 2024 |
Drawdown Indicators
| HCMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -56.78% | +33.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -9.10% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -18.90% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.73% | -3.21% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -10.71% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.04% | +1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with HCMAX
Add Hillman Value Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with HCMAX