Hennessy Cornerstone Growth Fund (HFCGX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Cornerstone Growth 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 Cornerstone Growth Fund (HFCGX) has returned 0.00% so far this year and 10.21% over the past 12 months. Over the last ten years, HFCGX has returned 11.11% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 1, 1996, HFCGX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, your investment would double in approximately 6.2 years.

Historically, 59% of months were positive and 41% were negative. The best month was Oct 2011 with a return of +20.1%, while the worst month was Mar 2020 at -29.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HFCGX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +13.2%, while the worst single day was Mar 16, 2020 at -15.5%.

Hennessy Cornerstone Growth Fund has an annualized alpha of 2.16%, beta of 1.04, and R² of 0.66 versus S&P 500 Index. Calculated based on daily prices since November 04, 1996.

• This fund captured 113.51% of S&P 500 Index gains and 106.20% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.16% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.04 and R² of 0.66, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

HFCGX has a high expense ratio of 1.34%, indicating above-average management fees.

HFCGX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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

Hennessy Cornerstone Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Hennessy Cornerstone Growth 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 Cornerstone Growth 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 Cornerstone Growth Fund was 62.35%, occurring on Nov 20, 2008. Recovery took 1410 trading sessions.

The current Hennessy Cornerstone Growth Fund drawdown is 6.56%.

The chart below shows the rolling one-month volatility.