Hennessy Japan Fund (HJPNX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Japan 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 Japan Fund (HJPNX) has returned -1.56% so far this year and 15.56% over the past 12 months. Over the last ten years, HJPNX has returned 8.59% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 4, 2003, HJPNX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, your investment would double in approximately 7.9 years.

Historically, 62% of months were positive and 38% were negative. The best month was Mar 2004 with a return of +17.1%, while the worst month was Oct 2008 at -16.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.

On a daily basis, HJPNX closed higher 52% of trading days. The best single day was Mar 17, 2011 with a return of +20.0%, while the worst single day was Mar 12, 2020 at -9.9%.

Hennessy Japan Fund has an annualized alpha of 3.14%, beta of 0.64, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since November 05, 2003.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (65.03%) than losses (61.90%) — typical of diversified or defensive assets.
• Beta of 0.64 may look defensive, but with R² of 0.39 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.39 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

HJPNX has a high expense ratio of 1.44%, indicating above-average management fees.

HJPNX ranks 23 for risk / return — below 23% 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.

The table below present risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) and compare them to a chosen benchmark (S&P 500 Index).

Hennessy Japan Fund provided a 13.03% dividend yield over the last twelve months, with an annual payout of $5.44 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Hennessy Japan 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 Japan 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 Japan Fund was 59.65%, occurring on Mar 3, 2009. Recovery took 1330 trading sessions.

The current Hennessy Japan Fund drawdown is 11.88%.

The chart below shows the rolling one-month volatility.