Hennessy Cornerstone Value Fund (HFCVX)
The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy (the "Value Strategy"). It purchases 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Fund Info
US4258882038
425888203
Nov 1, 1996
$2,500
Large-Cap
Value
Expense Ratio
HFCVX has a high expense ratio of 1.23%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Hennessy Cornerstone Value Fund (HFCVX) returned 5.78% year-to-date (YTD) and 10.10% over the past 12 months. Over the past 10 years, HFCVX returned 8.44% annually, underperforming the S&P 500 benchmark at 10.85%.
HFCVX
5.78%
2.05%
0.10%
10.10%
6.12%
14.71%
8.44%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of HFCVX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.45% | 4.50% | 0.05% | -5.07% | 2.05% | 5.78% | |||||||
| 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% | -3.38% | 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% |
| 2020 | -5.30% | -9.55% | -16.41% | 9.25% | 1.91% | 0.87% | 1.58% | 4.09% | -5.01% | -2.35% | 16.14% | 2.21% | -6.38% |
| 2019 | 7.17% | 1.83% | 0.78% | 2.85% | -8.02% | 6.33% | 0.29% | -2.59% | 3.92% | 1.22% | 3.16% | 3.03% | 20.84% |
| 2018 | 4.47% | -6.37% | -0.73% | 1.67% | 1.08% | -0.10% | 3.41% | 0.20% | 0.49% | -5.63% | 1.30% | -8.80% | -9.50% |
| 2017 | 1.99% | 2.26% | -0.20% | -0.55% | 0.66% | 1.81% | 2.18% | -1.40% | 4.61% | 0.75% | 2.56% | 3.20% | 19.22% |
| 2016 | -3.97% | 1.63% | 8.13% | 1.25% | -0.62% | 0.34% | 4.01% | 0.33% | 0.11% | -0.81% | 4.63% | 1.49% | 17.23% |
| 2015 | -3.19% | 4.14% | -2.34% | 4.13% | -1.82% | -2.29% | -1.51% | -4.99% | -3.40% | 9.27% | -0.56% | -3.05% | -6.35% |
| 2014 | -3.45% | 3.75% | 1.81% | 2.47% | 1.34% | 1.10% | -1.75% | 3.17% | -1.40% | 0.60% | 2.55% | -1.42% | 8.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HFCVX is 63, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Hennessy Cornerstone Value Fund provided a 4.31% dividend yield over the last twelve months, with an annual payout of $0.92 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.92 | $0.92 | $0.69 | $1.95 | $0.94 | $0.41 | $1.14 | $2.63 | $2.95 | $0.43 | $0.43 | $0.41 |
Dividend yield | 4.31% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% | 2.23% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.14 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.63 | $2.63 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.95 | $2.95 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2014 | $0.41 | $0.41 |
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 65.76%, occurring on Mar 9, 2009. Recovery took 911 trading sessions.
The current Hennessy Cornerstone Value Fund drawdown is 3.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.76% | Oct 15, 2007 | 351 | Mar 9, 2009 | 911 | Oct 17, 2012 | 1262 |
| -39.39% | Jan 21, 2020 | 44 | Mar 23, 2020 | 231 | Feb 22, 2021 | 275 |
| -31.12% | May 18, 2001 | 451 | Mar 12, 2003 | 203 | Dec 31, 2003 | 654 |
| -28.7% | May 12, 1999 | 213 | Mar 7, 2000 | 209 | Jan 4, 2001 | 422 |
| -19.88% | Apr 20, 1998 | 96 | Aug 31, 1998 | 162 | Apr 14, 1999 | 258 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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