Hennessy Cornerstone Mid Cap 30 Fund (HFMDX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Cornerstone Mid Cap 30 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 Mid Cap 30 Fund (HFMDX) has returned -4.78% so far this year and 8.75% over the past 12 months. Over the last ten years, HFMDX has had an annualized return of 11.66%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Jan 2, 2004, HFMDX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, your investment would double in approximately 6.0 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%.

Hennessy Cornerstone Mid Cap 30 Fund has an annualized alpha of 2.09%, beta of 1.05, and R² of 0.68 versus S&P 500 Index. Calculated based on daily prices since January 05, 2004.

• This fund captured 111.40% of S&P 500 Index gains and 103.93% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.09% 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.

HFMDX has a high expense ratio of 1.36%, indicating above-average management fees.

HFMDX ranks 13 for risk / return — in the bottom 13% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and compare them to a chosen benchmark (S&P 500 Index).

Hennessy Cornerstone Mid Cap 30 Fund provided a 0.75% dividend yield over the last twelve months, with an annual payout of $0.17 per share.

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.

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 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 12.66%.

The chart below shows the rolling one-month volatility.