Hennessy Equity and Income Fund (HEIIX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Equity and Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Hennessy Equity and Income Fund (HEIIX) has returned -0.48% so far this year and 4.48% over the past 12 months. Over the last ten years, HEIIX has returned 7.12% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jun 3, 1997, HEIIX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, your investment would double in approximately 14.1 years.

Historically, 64% of months were positive and 36% 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%.

Hennessy Equity and Income Fund has an annualized alpha of 0.13%, beta of 0.55, and R² of 0.78 versus S&P 500 Index. Calculated based on daily prices since June 04, 1997.

• This fund participated in 68.61% of S&P 500 Index downside but only 57.98% 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.

HEIIX has a high expense ratio of 1.13%, indicating above-average management fees.

HEIIX ranks 17 for risk / return — in the bottom 17% 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.

The table below present risk-adjusted performance metrics for Hennessy Equity and Income Fund (HEIIX) and compare them to a chosen benchmark (S&P 500 Index).

Hennessy Equity and Income Fund provided a 12.19% dividend yield over the last twelve months, with an annual payout of $1.51 per share.

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.

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.

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 5.58%.

The chart below shows the rolling one-month volatility.