Hennessy Equity and Income Fund (HEIIX) 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 HEIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HEIIX
HEIIX charges 1.13% annually. There are 457 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 | HEIIX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | HEIIX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | HEIIX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | HEIIX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | HEIIX vs BWBIX |
Best Risk-Adjusted Alternatives to HEIIX
HEIIX has a PortfoliosLab risk / return rank of 60. There are 278 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 | HEIIX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | HEIIX vs TIBIX | |
| Davis Appreciation & Income Fund | 96 | — | Apr 1992 | HEIIX vs RPFCX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | HEIIX vs NWQIX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | HEIIX vs FSRRX |
Top Performing HEIIX Alternatives (YTD)
HEIIX is at 7.44% YTD. There are 214 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.72% | — | Jan 1998 | HEIIX vs EKBAX | |
| Thornburg Investment Income Builder Fund Class I | 19.05% | — | Dec 2002 | HEIIX vs TIBIX | |
| ICON Equity Income Fund | 18.94% | — | May 2004 | HEIIX vs IOEZX | |
| Greenspring Fund | 17.70% | — | Jun 1983 | HEIIX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 17.05% | — | Aug 1998 | HEIIX vs MHELX |
Lowest Volatility Alternatives to HEIIX
HEIIX has 8.01% 1-year volatility. There are 205 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 | HEIIX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.80% | — | Nov 2003 | HEIIX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | HEIIX vs SCLAX | |
| Ave Maria Bond Fund | 3.05% | — | Apr 2003 | HEIIX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | HEIIX vs CSTAX |
Lowest Drawdown Alternatives to HEIIX
HEIIX has a 1-year max drawdown of -5.89%. There are 219 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 | HEIIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | HEIIX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | HEIIX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | HEIIX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | HEIIX 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 | 33 | 14.55% | — | Sep 2003 | HEIIX vs HFMDX | |
| Hennessy Cornerstone Growth Fund | Small Cap Blend Equities | 44 | 12.20% | — | Nov 1996 | HEIIX vs HFCGX | |
| Hennessy Japan Fund | Japan Equities, Asia Pacific Equities | 55 | 20.51% | — | Oct 2003 | HEIIX vs HJPNX | |
| Hennessy Focus Fund | Mid Cap Growth Equities | 7 | -0.54% | — | Jan 1997 | HEIIX vs HFCSX | |
| Hennessy Cornerstone Value Fund | Large Cap Value Equities | 96 | 16.61% | — | Nov 1996 | HEIIX vs HFCVX | |
| Hennessy Midstream Fund | Energy Equities | 45 | 19.47% | — | Dec 2013 | HEIIX vs HMSIX | |
| Hennessy Gas Utility Fund | Utilities Equities | 33 | 11.21% | — | May 1989 | HEIIX vs GASFX | |
| Hennessy Midstream Fund Investor Class | MLPs | 44 | 19.27% | — | Dec 2013 | HEIIX vs HMSFX | |
| Hennessy Japan Small Cap Fund | Japan Equities, Asia Pacific Equities | 43 | 14.48% | — | Aug 2007 | HEIIX vs HJPSX | |
| Hennessy Energy Transition Fund | Energy Equities | 73 | 25.74% | — | Dec 2013 | HEIIX vs HNRIX |
Often Compared With HEIIX
Investors most often compare HEIIX with HFLGX, HBFBX, QBDSX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare HEIIX with Any Fund or Stock
Compare HEIIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HEIIX with funds that move differently
Hennessy Equity and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEIIX.
Explore HEIIX Diversifiers