- Issuer
- Hennessy
- Inception Date
- Mar 3, 2008
- Category
- Mid Cap Blend Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HIMDX Performance Chart
Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX) is up 16.4% since the beginning of the year. HIMDX is currently trading at $28 per share. Investors who bought $1,000 worth of HIMDX shares 5 years ago would now be looking at an investment worth $2,190.
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Compare this symbol against anything
Returns By Period
Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX) has returned 16.44% so far this year and 29.85% over the past 12 months. Looking at the last ten years, HIMDX has achieved an annualized return of 14.30%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Hennessy Cornerstone Mid Cap 30 Fund Institutional Class
- 1D
- 2.02%
- 1M
- -1.87%
- 6M
- 12.01%
- YTD
- 16.44%
- 1Y
- 29.85%
- 3Y*
- 18.61%
- 5Y*
- 16.97%
- 10Y*
- 14.30%
- ALL TIME*
- 14.85%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HIMDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2009, HIMDX's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 64% of months were positive and 36% 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, HIMDX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +15.1%, while the worst single day was Mar 16, 2020 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.96% | 2.02% | -6.95% | 16.08% | 3.02% | 3.60% | -4.75% | 16.44% | |||||
| 2025 | 4.03% | -7.63% | -6.34% | -3.69% | 8.58% | 4.73% | -2.47% | 5.55% | 0.66% | 0.58% | 0.12% | 0.18% | 3.04% |
| 2024 | -0.72% | 11.72% | 6.07% | -4.17% | 10.23% | -1.55% | 7.03% | -0.37% | 1.47% | 1.56% | 9.51% | -8.60% | 34.59% |
| 2023 | 7.90% | 2.18% | -0.94% | -3.67% | 0.65% | 11.95% | 7.20% | -4.46% | -0.90% | -5.24% | 8.54% | 6.09% | 31.31% |
| 2022 | -4.78% | 4.87% | 3.76% | -2.59% | 3.24% | -13.44% | 10.76% | 2.44% | -9.20% | 14.65% | 3.80% | -6.77% | 3.10% |
| 2021 | 9.19% | 8.19% | 5.91% | 1.32% | 2.51% | -0.90% | -0.95% | -0.05% | -6.54% | 6.22% | -2.42% | 3.43% | 27.77% |
Benchmark Metrics
Hennessy Cornerstone Mid Cap 30 Fund Institutional Class has an annualized alpha of 1.88%, beta of 1.08, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since January 02, 2009.
- This fund captured 107.53% of S&P 500 Index gains but only 98.93% of its losses - a favorable profile for investors.
- With beta of 1.08 and R2 of 0.70, 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
- 1.88%
- Beta
- 1.08
- R²
- 0.70
- Upside Capture
- 107.53%
- Downside Capture
- 98.93%
Expense Ratio
HIMDX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HIMDX ranks 35 for risk / return — above 35% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX) 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.
| HIMDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.00 | -0.12 |
| Martin ratioReturn relative to average drawdown | 6.10 | 8.49 | -2.39 |
Dividends
Dividend History
Hennessy Cornerstone Mid Cap 30 Fund Institutional Class provided a 0.90% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $4.57 | $2.00 | $3.78 | $0.35 | $0.00 | $0.00 | $4.59 | $3.77 | $0.13 | $0.21 |
Dividend yield | 0.90% | 1.05% | 19.21% | 9.61% | 21.65% | 1.71% | 0.00% | 0.00% | 40.44% | 18.62% | 0.64% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Cornerstone Mid Cap 30 Fund Institutional Class. 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 | $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 | $0.25 | $0.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.57 | $4.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.00 | $2.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.78 | $3.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
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 Institutional Class. 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 Institutional Class was 55.79%, occurring on Mar 18, 2020. Recovery took 169 trading sessions.
The current Hennessy Cornerstone Mid Cap 30 Fund Institutional Class drawdown is 4.75%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-55.79%Mar 2020 | 2y 2mo | 8mo 3d | 2y 10moJan 2018 - Nov 2020 | COVID crash2020 |
-28.14%Oct 2011 | 2mo 27d | 1y 2mo | 1y 5moJul 2011 - Dec 2012 | — |
-27.65%Apr 2025 | 4mo 7d | 9mo 9d | 1y 1moDec 2024 - Jan 2026 | 2025 selloff2025 |
-23.85%Mar 2009 | 2mo 1d | 2mo | 4mo 1dJan 2009 - May 2009 | Financial crisis2007–2009 |
-23.75%Feb 2016 | 5mo 27d | 1y 7mo | 2y 1moAug 2015 - Sep 2017 | — |
Drawdown Indicators
| HIMDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.79% | -56.78% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -9.10% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -18.90% | -8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -27.65% | -25.43% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -55.79% | -33.92% | -21.87% |
Current DrawdownCurrent decline from peak | -4.75% | -1.58% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -10.70% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.14% | +1.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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