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Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX) Sharpe Ratio: 0.94

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The Hennessy Cornerstone Mid Cap 30 Fund is an actively managed mutual fund that targets long-term capital growth through a disciplined, quantitatively driven strategy investing in a concentrated portfolio of 30 U.S. mid-cap companies.

HIMDX's Sharpe Ratio of 0.94 indicates that for each unit of volatility, it generates 0.94 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HIMDX Sharpe Ratio Rank

HIMDX Sharpe Ratio Rank: 20.120
Below Average

HIMDX ranks above 20.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

HIMDX Sharpe Ratio Market Positioning

The chart shows HIMDX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.06 or lower
  • Yellow zone (middle 50%): 1.06 to 1.94
  • Green zone (top 25%): 1.94 or higher
  • Top 1%: 3.91+
  • Median: 1.59 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Hennessy Cornerstone Mid Cap 30 Fund Institutional Class's Sharpe Ratio with other mutual funds in the Mid Cap Blend Equities category across multiple time periods, showing how HIMDX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PFSLXParadigm Select Fund2.44
VSEQXVanguard Strategic Equity Fund2.11
GENIXGotham Enhanced Return Fund2.05
DSMFXDestinations Small-Mid Cap Equity Fund1.99
FZAMXFidelity Advisor Mid Cap II Fund Class Z1.98
DDDIX13D Activist Fund1.97
FIIMXFidelity Advisor Mid Cap II Fund Class I1.97
FIIAXFidelity Advisor Mid Cap II Fund Class A1.95
SMDIXHartford Schroders US MidCap Opportunities Fund1.94
FITIXFidelity Advisor Mid Cap II Fund Class M1.93
HIMDXHennessy Cornerstone Mid Cap 30 Fund Institutional Class0.94

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HIMDX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HIMDX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does HIMDX fit in your portfolio?

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