- ISIN
- US42588P8178
- CUSIP
- 42588P817
- Issuer
- Hennessy
- Inception Date
- Jun 2, 1997
- Category
- Diversified Portfolio
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HEIIX Performance Chart
Hennessy Equity and Income Fund (HEIIX) is up 7.4% since the beginning of the year. HEIIX is currently trading at $13 per share. Investors who bought $1,000 worth of HEIIX shares 5 years ago would now be looking at an investment worth $1,365.
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Returns By Period
Hennessy Equity and Income Fund (HEIIX) has returned 7.39% so far this year and 14.74% over the past 12 months. Over the last ten years, HEIIX has returned 7.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hennessy Equity and Income Fund
- 1D
- 0.61%
- 1M
- 0.68%
- YTD
- 7.39%
- 6M
- 7.05%
- 1Y
- 14.74%
- 3Y*
- 10.06%
- 5Y*
- 6.42%
- 10Y*
- 7.84%
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%
HEIIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 1997, HEIIX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2002 with a return of +8.5%, while the worst month was Dec 2007 at -17.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HEIIX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +6.8%, while the worst single day was Dec 19, 2007 at -16.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.82% | 2.27% | -4.19% | 5.70% | -0.23% | 1.07% | 7.39% | ||||||
| 2025 | 3.15% | 1.27% | -2.23% | -2.19% | 1.08% | 1.41% | -0.30% | 3.71% | 0.98% | -2.03% | 2.37% | 0.00% | 7.23% |
| 2024 | -0.08% | 2.72% | 2.58% | -3.66% | 1.79% | 0.60% | 3.50% | 2.61% | 0.38% | -0.14% | 4.47% | -4.34% | 10.50% |
| 2023 | 3.50% | -2.28% | 1.17% | 1.86% | -1.61% | 4.74% | 1.92% | -1.12% | -3.85% | -2.51% | 6.05% | 3.10% | 10.95% |
| 2022 | -3.36% | -3.87% | 1.28% | -6.07% | 0.50% | -5.29% | 5.75% | -3.22% | -6.31% | 4.51% | 5.37% | -0.07% | -11.22% |
| 2021 | -0.90% | 1.53% | 5.02% | 3.00% | 0.57% | 0.40% | 1.13% | 1.12% | -3.62% | 3.77% | -0.55% | 4.73% | 17.08% |
Benchmark Metrics
Hennessy Equity and Income Fund has an annualized alpha of 0.08%, beta of 0.55, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since June 03, 1997.
- This fund participated in 68.34% of S&P 500 Index downside but only 57.35% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.55 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
- 0.08%
- Beta
- 0.55
- R²
- 0.77
- Upside Capture
- 57.35%
- Downside Capture
- 68.34%
Expense Ratio
HEIIX has a high expense ratio of 1.13%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HEIIX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hennessy Equity and Income Fund (HEIIX) 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.
| HEIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.78 | -0.29 |
| Martin ratioReturn relative to average drawdown | 9.04 | 12.44 | -3.40 |
Dividends
Dividend History
Hennessy Equity and Income Fund provided a 11.74% dividend yield over the last twelve months, with an annual payout of $1.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.56 | $1.54 | $1.70 | $1.29 | $0.85 | $1.17 | $1.02 | $1.17 | $1.29 | $0.97 | $1.46 | $0.56 |
Dividend yield | 11.74% | 12.43% | 13.03% | 9.71% | 6.49% | 7.42% | 7.01% | 8.25% | 9.71% | 6.44% | 10.31% | 3.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Equity and Income 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 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.45 | $1.54 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.59 | $1.70 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.17 | $1.29 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.75 | $0.85 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.07 | $1.17 |
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 Equity and Income 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 Equity and Income Fund was 47.88%, occurring on Mar 9, 2009. Recovery took 1162 trading sessions.
The current Hennessy Equity and Income Fund drawdown is 0.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -47.88%Mar 2009 | 1y 2mo | 4y 7mo | 5y 10moDec 2007 - Oct 2013 |
Dot-com crash2000–2002 | -33.91%Oct 2002 | 1y 4mo | 2y 1mo | 3y 5moJun 2001 - Nov 2004 |
COVID crash2020 | -24.12%Mar 2020 | 2mo 2d | 4mo 20d | 6mo 22dJan 2020 - Aug 2020 |
1998 bear market1998 | -21.72%Oct 1998 | 4mo 26d | 1y 8mo | 2y 1moMay 1998 - Jun 2000 |
Bear market2022 | -19.66%Oct 2022 | 9mo 12d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
Drawdown Indicators
| HEIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.88% | -56.78% | +8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -9.10% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.19% | -18.90% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -25.43% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | -33.92% | +9.80% |
Current DrawdownCurrent decline from peak | -0.38% | -1.80% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -10.71% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.03% | -0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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