- ISIN
- US4258883028
- CUSIP
- 425888302
- Issuer
- Hennessy
- Inception Date
- Sep 17, 2003
- Category
- Mid Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HFMDX Performance Chart
Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) is up 17.9% since the beginning of the year. HFMDX is currently trading at $27 per share. Investors who bought $1,000 worth of HFMDX shares 5 years ago would now be looking at an investment worth $2,255.
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Returns By Period
Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has returned 17.85% so far this year and 26.67% over the past 12 months. Over the last decade, HFMDX has posted an annualized return of 14.49%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
Hennessy Cornerstone Mid Cap 30 Fund
- 1D
- 0.78%
- 1M
- 4.38%
- YTD
- 17.85%
- 6M
- 14.81%
- 1Y
- 26.67%
- 3Y*
- 23.43%
- 5Y*
- 17.66%
- 10Y*
- 14.49%
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%
HFMDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2004, HFMDX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +19.7%, while the worst month was Mar 2020 at -29.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HFMDX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +14.9%, while the worst single day was Mar 16, 2020 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.91% | 2.01% | -6.96% | 16.03% | 3.00% | 0.00% | 17.85% | ||||||
| 2025 | 4.03% | -7.70% | -6.36% | -3.69% | 8.54% | 4.71% | -2.47% | 5.49% | 0.61% | 0.56% | 0.13% | 0.11% | 2.68% |
| 2024 | -0.71% | 11.63% | 6.08% | -4.18% | 10.20% | -1.59% | 7.00% | -0.43% | 1.48% | 1.49% | 9.48% | -8.62% | 34.13% |
| 2023 | 7.87% | 2.17% | -0.98% | -3.69% | 0.63% | 11.93% | 7.16% | -4.50% | -0.89% | -5.31% | 8.51% | 6.04% | 30.83% |
| 2022 | -4.79% | 4.87% | 3.68% | -2.61% | 3.19% | -13.43% | 10.76% | 2.35% | -9.19% | 14.58% | 3.79% | -6.83% | 2.72% |
| 2021 | 9.12% | 8.18% | 5.83% | 1.28% | 2.52% | -0.93% | -0.99% | -0.05% | -6.57% | 6.17% | -2.48% | 3.42% | 27.23% |
Benchmark Metrics
Hennessy Cornerstone Mid Cap 30 Fund has an annualized alpha of 2.26%, beta of 1.05, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since January 02, 2004.
- This fund captured 111.85% of S&P 500 Index gains and 103.59% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.26% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.05 and R2 of 0.68, 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
- 2.26%
- Beta
- 1.05
- R²
- 0.68
- Upside Capture
- 111.85%
- Downside Capture
- 103.59%
Expense Ratio
HFMDX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFMDX ranks 27 for risk / return — below 27% 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 Mid Cap 30 Fund (HFMDX) 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.
| HFMDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.78 | -0.62 |
| Martin ratioReturn relative to average drawdown | 7.21 | 12.44 | -5.23 |
Dividends
Dividend History
Hennessy Cornerstone Mid Cap 30 Fund provided a 0.61% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $4.26 | $1.90 | $3.60 | $0.34 | $0.00 | $0.00 | $4.50 | $3.66 | $0.12 | $0.17 |
Dividend yield | 0.61% | 0.72% | 18.84% | 9.61% | 21.66% | 1.73% | 0.00% | 0.00% | 40.95% | 18.56% | 0.64% | 0.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Cornerstone Mid Cap 30 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 | $0.17 | $0.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.26 | $4.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $1.90 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.60 | $3.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
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 Mid Cap 30 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 Mid Cap 30 Fund was 61.25%, occurring on Mar 9, 2009. Recovery took 976 trading sessions.
The current Hennessy Cornerstone Mid Cap 30 Fund drawdown is 1.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.25%Mar 2009 | 1y 7mo | 3y 10mo | 5y 6moJul 2007 - Jan 2013 |
COVID crash2020 | -56.14%Mar 2020 | 2y 2mo | 8mo 10d | 2y 10moJan 2018 - Nov 2020 |
2025 selloff2025 | -27.76%Apr 2025 | 4mo 7d | 9mo 10d | 1y 1moDec 2024 - Jan 2026 |
2016 bear market2016 | -23.86%Feb 2016 | 5mo 27d | 1y 7mo | 2y 1moAug 2015 - Sep 2017 |
Bear market2022 | -20.95%Jul 2022 | 28d | 7mo | 7mo 28dJun 2022 - Feb 2023 |
Drawdown Indicators
| HFMDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.25% | -56.78% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -9.10% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -27.76% | -18.90% | -8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -25.43% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -56.14% | -33.92% | -22.22% |
Current DrawdownCurrent decline from peak | -1.31% | -1.80% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -12.22% | -10.71% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.03% | +1.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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