- ISIN
- US4258882038
- CUSIP
- 425888203
- Issuer
- Hennessy
- Inception Date
- Nov 1, 1996
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HFCVX Performance Chart
Hennessy Cornerstone Value Fund (HFCVX) is up 11.2% since the beginning of the year. HFCVX is currently trading at $25 per share. Investors who bought $1,000 worth of HFCVX shares 5 years ago would now be looking at an investment worth $1,769.
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Returns By Period
Hennessy Cornerstone Value Fund (HFCVX) has returned 11.18% so far this year and 21.36% over the past 12 months. Over the last ten years, HFCVX has returned 10.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hennessy Cornerstone Value Fund
- 1D
- -0.64%
- 1M
- -3.47%
- YTD
- 11.18%
- 6M
- 11.47%
- 1Y
- 21.36%
- 3Y*
- 14.63%
- 5Y*
- 12.08%
- 10Y*
- 10.89%
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%
HFCVX Monthly Returns History
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, an 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.93% | 4.62% | -1.46% | 3.13% | 0.64% | -1.90% | 11.18% | ||||||
| 2025 | 4.45% | 4.50% | 0.05% | -5.07% | 2.05% | 3.32% | -0.59% | 4.41% | 0.26% | -0.52% | 3.54% | 0.95% | 18.27% |
| 2024 | 0.26% | 0.47% | 5.15% | -2.10% | 3.15% | -1.45% | 3.98% | 3.12% | -0.23% | -0.64% | 3.38% | -5.37% | 9.59% |
| 2023 | 2.86% | -3.19% | -0.43% | 2.40% | -6.16% | 6.00% | 3.57% | -2.78% | -1.61% | -3.97% | 5.46% | 4.43% | 5.81% |
| 2022 | 3.77% | -0.54% | 2.57% | -2.99% | 6.05% | -8.98% | 2.26% | -2.21% | -7.92% | 13.34% | 6.16% | -3.39% | 6.12% |
| 2021 | 0.32% | 6.23% | 7.76% | 1.92% | 3.99% | -0.31% | -1.30% | 1.16% | -1.72% | 3.87% | -2.30% | 7.53% | 29.94% |
Benchmark Metrics
Hennessy Cornerstone Value Fund has an annualized alpha of 0.69%, beta of 0.87, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 01, 1996.
- This fund participated in 86.78% of S&P 500 Index downside but only 84.10% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.87 and R2 of 0.76, 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
- 0.69%
- Beta
- 0.87
- R²
- 0.76
- Upside Capture
- 84.10%
- Downside Capture
- 86.78%
Expense Ratio
HFCVX has a high expense ratio of 1.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFCVX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) 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.
| HFCVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 2.78 | +3.04 |
| Martin ratioReturn relative to average drawdown | 17.07 | 12.44 | +4.63 |
Dividends
Dividend History
Hennessy Cornerstone Value Fund provided a 6.65% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.65 | $1.65 | $0.92 | $0.69 | $1.95 | $0.94 | $0.41 | $1.14 | $2.63 | $2.95 | $0.43 | $0.43 |
Dividend yield | 6.65% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
Monthly Dividends
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.
| 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 | $1.65 | $1.65 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.95 | $1.95 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
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.
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Worst Drawdowns
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 3.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.75%Mar 2009 | 1y 4mo | 3y 7mo | 5y 4dOct 2007 - Oct 2012 |
COVID crash2020 | -39.39%Mar 2020 | 2mo 2d | 11mo 6d | 1y 1moJan 2020 - Feb 2021 |
2003 bear market2003 | -31.13%Mar 2003 | 1y 9mo | 9mo 24d | 2y 7moMay 2001 - Dec 2003 |
Dot-com crash2000–2002 | -28.69%Mar 2000 | 10mo | 10mo 3d | 1y 7moMay 1999 - Jan 2001 |
1998 correction1998 | -19.88%Aug 1998 | 4mo 17d | 8mo | 1y 12dApr 1998 - Apr 1999 |
Drawdown Indicators
| HFCVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -56.78% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.77% | -9.10% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.32% | -18.90% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -25.43% | +8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -33.92% | -5.47% |
Current DrawdownCurrent decline from peak | -3.47% | -1.80% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -10.71% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.03% | -0.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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