- ISIN
- US4258941024
- CUSIP
- 425894102
- Issuer
- Hennessy
- Inception Date
- Oct 30, 2003
- Category
- Japan Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HJPNX Performance Chart
Hennessy Japan Fund (HJPNX) is up 23.6% since the beginning of the year. HJPNX is currently trading at $52 per share. Investors who bought $1,000 worth of HJPNX shares 5 years ago would now be looking at an investment worth $1,510.
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Returns By Period
Hennessy Japan Fund (HJPNX) has returned 23.56% so far this year and 40.59% over the past 12 months. Over the last ten years, HJPNX has returned 10.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hennessy Japan Fund
- 1D
- 2.32%
- 1M
- 7.09%
- YTD
- 23.56%
- 6M
- 24.15%
- 1Y
- 40.59%
- 3Y*
- 20.33%
- 5Y*
- 8.59%
- 10Y*
- 10.15%
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%
HJPNX Monthly Returns History
Based on dividend-adjusted daily data since Nov 4, 2003, HJPNX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.51% | 6.20% | -6.86% | 6.17% | 8.35% | 4.90% | 23.56% | ||||||
| 2025 | -0.19% | -1.30% | -0.92% | 2.21% | 3.77% | 2.91% | -3.53% | 5.45% | 4.35% | 3.11% | -3.57% | 1.89% | 14.58% |
| 2024 | 2.45% | 8.28% | 4.08% | -5.13% | 4.16% | 2.29% | 3.28% | 3.02% | 0.30% | -6.55% | 4.58% | -2.45% | 18.72% |
| 2023 | 6.17% | -4.08% | 5.20% | 0.23% | 3.13% | 5.09% | 1.26% | -1.75% | -3.47% | -2.45% | 7.15% | 5.20% | 22.90% |
| 2022 | -11.09% | -4.96% | -3.48% | -12.83% | 2.43% | -8.04% | 8.10% | -3.97% | -10.11% | 1.80% | 12.71% | -3.29% | -30.65% |
| 2021 | -1.83% | -0.57% | -2.51% | -1.75% | 0.67% | -0.66% | 1.09% | 4.70% | 2.88% | -2.53% | -1.80% | -0.54% | -3.08% |
Benchmark Metrics
Hennessy Japan Fund has an annualized alpha of 3.65%, beta of 0.65, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since November 04, 2003.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (65.15%) than losses (58.79%) - typical of diversified or defensive assets.
- Beta of 0.65 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.
- Alpha
- 3.65%
- Beta
- 0.65
- R²
- 0.39
- Upside Capture
- 65.15%
- Downside Capture
- 58.79%
Expense Ratio
HJPNX has a high expense ratio of 1.44%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HJPNX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) 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.
| HJPNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.78 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.11 | 12.44 | -3.33 |
Dividends
Dividend History
Hennessy Japan Fund provided a 10.38% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.44 | $5.44 | $2.42 | $2.18 | $0.00 | $0.41 | $0.00 | $0.05 | $0.01 | $0.01 |
Dividend yield | 10.38% | 12.83% | 5.80% | 5.87% | 0.00% | 0.89% | 0.00% | 0.13% | 0.04% | 0.02% |
Monthly Dividends
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.
| 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 | $5.44 | $5.44 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.42 | $2.42 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.18 | $2.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
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 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.65%Mar 2009 | 2y 10mo | 5y 3mo | 8y 2moApr 2006 - Jun 2014 |
Bear market2022 | -44.72%Oct 2022 | 1y 28d | 2y 10mo | 3y 11moSep 2021 - Aug 2025 |
COVID crash2020 | -27.51%Mar 2020 | 1mo 23d | 2mo 18d | 4mo 11dJan 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -17.73%Dec 2018 | 2mo 22d | 11mo 6d | 1y 1moOct 2018 - Nov 2019 |
2004 correction2004 | -16.66%May 2004 | 1mo 2d | 1mo 14d | 2mo 16dApr 2004 - Jun 2004 |
Drawdown Indicators
| HJPNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -56.78% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -9.10% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.06% | -18.90% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -44.72% | -25.43% | -19.29% |
Max Drawdown (10Y)Largest decline over 10 years | -44.72% | -33.92% | -10.80% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -10.71% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 2.03% | +2.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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