Hennessy Cornerstone Value Fund (HFCVX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Cornerstone Value 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 Value Fund (HFCVX) has returned 8.31% so far this year and 17.31% over the past 12 months. Over the last ten years, HFCVX has returned 10.76% 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, HFCVX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, your investment would double in approximately 7.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +21.5%, while the worst month was Oct 2008 at -17.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HFCVX closed higher 51% of trading days. The best single day was Oct 28, 2008 with a return of +10.5%, while the worst single day was Sep 29, 2008 at -11.5%.

Hennessy Cornerstone Value Fund has an annualized alpha of 1.07%, beta of 0.87, and R² of 0.77 versus S&P 500 Index. Calculated based on daily prices since November 04, 1996.

• This fund participated in 86.38% of S&P 500 Index downside but only 85.55% of its upside — more exposed to losses than it benefited from rallies.
• With beta of 0.87 and R² of 0.77, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

HFCVX has a high expense ratio of 1.23%, indicating above-average management fees.

HFCVX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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

Hennessy Cornerstone Value Fund provided a 6.83% dividend yield over the last twelve months, with an annual payout of $1.65 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Hennessy Cornerstone Value 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 Value 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 Value Fund was 65.75%, occurring on Mar 9, 2009. Recovery took 912 trading sessions.

The current Hennessy Cornerstone Value Fund drawdown is 2.27%.

The chart below shows the rolling one-month volatility.