- ISIN
- US42588P2056
- CUSIP
- 42588P205
- Issuer
- Hennessy
- Inception Date
- Mar 20, 2009
- 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
HFLGX Performance Chart
Hennessy Cornerstone Large Cap Growth Fund (HFLGX) is up 8.0% since the beginning of the year. HFLGX is currently trading at $12 per share. Investors who bought $1,000 worth of HFLGX shares 5 years ago would now be looking at an investment worth $1,420.
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Returns By Period
Hennessy Cornerstone Large Cap Growth Fund (HFLGX) has returned 8.04% so far this year and 14.50% over the past 12 months. Over the last ten years, HFLGX has returned 11.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hennessy Cornerstone Large Cap Growth Fund
- 1D
- -0.57%
- 1M
- 0.74%
- YTD
- 8.04%
- 6M
- 6.84%
- 1Y
- 14.50%
- 3Y*
- 10.55%
- 5Y*
- 7.27%
- 10Y*
- 11.71%
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%
HFLGX Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 2009, HFLGX's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +13.8%, while the worst month was Mar 2020 at -17.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HFLGX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.3%, while the worst single day was Mar 12, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.48% | 5.03% | -5.90% | 2.63% | 2.15% | -1.13% | 8.04% | ||||||
| 2025 | 3.31% | -1.82% | -2.29% | -2.80% | 3.25% | 3.33% | 0.52% | 3.81% | -0.00% | -0.25% | 1.84% | -1.42% | 7.40% |
| 2024 | -1.61% | 5.20% | 7.11% | -5.26% | 1.11% | -2.20% | 4.15% | 0.17% | 1.74% | -2.85% | 6.03% | -8.07% | 4.38% |
| 2023 | 9.24% | -3.27% | -1.29% | -1.21% | -2.34% | 10.86% | 6.31% | -2.75% | -3.73% | -4.82% | 7.46% | 7.21% | 21.74% |
| 2022 | -4.98% | -1.13% | 2.53% | -6.60% | -0.17% | -13.31% | 9.65% | -3.14% | -9.73% | 12.11% | 8.61% | -4.52% | -13.23% |
| 2021 | 0.72% | 7.42% | 10.40% | 2.79% | 0.88% | 0.73% | 1.88% | 1.77% | -5.29% | 5.44% | -1.74% | 6.28% | 34.89% |
Benchmark Metrics
Hennessy Cornerstone Large Cap Growth Fund has an annualized alpha of 0.61%, beta of 0.94, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since March 20, 2009.
- With beta of 0.94 and R2 of 0.82, 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
- 0.61%
- Beta
- 0.94
- R²
- 0.82
- Upside Capture
- 98.37%
- Downside Capture
- 100.29%
Expense Ratio
HFLGX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFLGX ranks 25 for risk / return — below 25% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hennessy Cornerstone Large Cap Growth Fund (HFLGX) 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.
| HFLGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.78 | -0.70 |
| Martin ratioReturn relative to average drawdown | 5.55 | 12.44 | -6.89 |
Dividends
Dividend History
Hennessy Cornerstone Large Cap Growth Fund provided a 5.61% dividend yield over the last twelve months, with an annual payout of $0.69 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 | $0.69 | $0.69 | $0.50 | $0.42 | $1.84 | $1.87 | $0.58 | $0.27 | $2.39 | $0.50 | $0.78 | $2.89 |
Dividend yield | 5.61% | 6.07% | 4.44% | 3.74% | 19.36% | 14.30% | 5.26% | 2.43% | 26.78% | 4.11% | 7.15% | 30.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Cornerstone Large Cap Growth 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 | $0.69 | $0.69 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.87 | $1.87 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hennessy Cornerstone Large Cap 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 Large Cap Growth Fund was 38.90%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Hennessy Cornerstone Large Cap Growth Fund drawdown is 2.47%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.90%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 |
Bear market2022 | -25.67%Sep 2022 | 8mo 24d | 9mo 25d | 1y 6moJan 2022 - Jul 2023 |
Rate-hike selloffLate 2018 | -20.60%Dec 2018 | 10mo 29d | 10mo 8d | 1y 9moJan 2018 - Oct 2019 |
2011 bear market2011 | -20.13%Oct 2011 | 2mo 27d | 4mo 16d | 7mo 13dJul 2011 - Feb 2012 |
2025 selloff2025 | -19.50%Apr 2025 | 4mo 13d | 8mo 1d | 1y 9dNov 2024 - Dec 2025 |
Drawdown Indicators
| HFLGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.90% | -56.78% | +17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -9.10% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -18.90% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -25.43% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -38.90% | -33.92% | -4.98% |
Current DrawdownCurrent decline from peak | -2.47% | -1.80% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -10.71% | +5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.03% | +0.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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