- ISIN
- US42588P7006
- CUSIP
- 42588P700
- Issuer
- Hennessy
- Inception Date
- Jan 3, 1997
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
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
HFCSX Performance Chart
Hennessy Focus Fund (HFCSX) is up 7.8% since the beginning of the year. HFCSX is currently trading at $40 per share. Investors who bought $1,000 worth of HFCSX shares 5 years ago would now be looking at an investment worth $1,626.
Loading charts...
Returns By Period
Hennessy Focus Fund (HFCSX) has returned 7.82% so far this year and 24.60% over the past 12 months. Over the last ten years, HFCSX has returned 11.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hennessy Focus Fund
- 1D
- -0.45%
- 1M
- -0.40%
- YTD
- 7.82%
- 6M
- 3.98%
- 1Y
- 24.60%
- 3Y*
- 19.84%
- 5Y*
- 10.21%
- 10Y*
- 11.76%
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%
HFCSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, HFCSX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jun 2025 with a return of +18.7%, while the worst month was Mar 2020 at -26.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HFCSX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +15.5%, while the worst single day was Mar 16, 2020 at -14.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.75% | -6.21% | -4.09% | 2.20% | 10.20% | -3.03% | 7.82% | ||||||
| 2025 | 3.61% | 0.18% | -8.07% | -2.11% | 2.65% | 18.69% | 4.74% | -1.94% | -1.23% | 16.83% | -9.44% | 5.05% | 28.30% |
| 2024 | -2.56% | 5.57% | 1.53% | -9.02% | 6.81% | 0.41% | 13.87% | 2.83% | 1.49% | -3.74% | 5.87% | -7.08% | 14.67% |
| 2023 | 10.93% | -3.53% | -2.44% | 1.74% | -3.08% | 11.18% | 1.51% | -0.10% | -7.32% | -5.06% | 9.21% | 8.48% | 20.99% |
| 2022 | -8.31% | -2.34% | 1.34% | -9.14% | 2.95% | -8.53% | 11.24% | -7.39% | -12.72% | 5.99% | 8.24% | -6.26% | -24.92% |
| 2021 | -2.52% | 6.82% | 8.88% | 5.02% | 0.40% | 1.69% | 1.99% | 2.27% | -3.40% | 6.77% | -3.16% | 4.28% | 32.04% |
Benchmark Metrics
Hennessy Focus Fund has an annualized alpha of 3.84%, beta of 0.87, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.
- This fund captured 106.19% of S&P 500 Index gains but only 96.00% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.84% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.87 and R2 of 0.60, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.84%
- Beta
- 0.87
- R²
- 0.60
- Upside Capture
- 106.19%
- Downside Capture
- 96.00%
Expense Ratio
HFCSX has a high expense ratio of 1.49%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFCSX ranks 13 for risk / return — in the bottom 13% 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 Hennessy Focus Fund (HFCSX) 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.
| HFCSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.78 | -1.46 |
| Martin ratioReturn relative to average drawdown | 2.99 | 12.44 | -9.45 |
Dividends
Dividend History
Hennessy Focus Fund provided a 44.94% dividend yield over the last twelve months, with an annual payout of $17.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $17.85 | $17.85 | $6.88 | $10.61 | $6.84 | $11.87 | $22.03 | $8.56 | $14.47 | $0.01 | $0.00 | $0.14 |
Dividend yield | 44.94% | 48.46% | 15.94% | 24.51% | 15.15% | 17.19% | 35.80% | 10.78% | 22.20% | 0.01% | 0.00% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Focus 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 | $17.85 | $17.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.88 | $6.88 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.61 | $10.61 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.84 | $6.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.87 | $11.87 |
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 Hennessy Focus 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 Focus Fund was 59.41%, occurring on Mar 9, 2009. Recovery took 1007 trading sessions.
The current Hennessy Focus Fund drawdown is 7.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.41%Mar 2009 | 1y 8mo | 4y | 5y 8moJun 2007 - Mar 2013 |
COVID crash2020 | -47.07%Mar 2020 | 1mo 1d | 10mo 3d | 11mo 4dFeb 2020 - Jan 2021 |
1998 bear market1998 | -37.25%Oct 1998 | 5mo 18d | 1y 2mo | 1y 8moApr 1998 - Dec 1999 |
Bear market2022 | -33.13%Oct 2022 | 11mo 14d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
Dot-com crash2000–2002 | -28.32%Mar 2001 | 1y 15d | 3mo 9d | 1y 3moMar 2000 - Jun 2001 |
Drawdown Indicators
| HFCSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.41% | -56.78% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -19.90% | -9.10% | -10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -18.90% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -25.43% | -7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -33.92% | -13.15% |
Current DrawdownCurrent decline from peak | -7.26% | -1.80% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -10.71% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 2.03% | +6.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with HFCSX
Add Hennessy Focus 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 HFCSX