Hennessy Japan Small Cap Fund (HJPSX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Japan Small Cap 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 Small Cap Fund (HJPSX) has returned 0.77% so far this year and 26.62% over the past 12 months. Over the last ten years, HJPSX has returned 9.90% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 4, 2007, HJPSX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, your investment would double in approximately 7.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +16.3%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HJPSX closed higher 52% of trading days. The best single day was Mar 17, 2020 with a return of +7.4%, while the worst single day was Mar 14, 2011 at -12.0%.

Hennessy Japan Small Cap Fund has an annualized alpha of 5.06%, beta of 0.52, and R² of 0.32 versus S&P 500 Index. Calculated based on daily prices since September 05, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.99%) than losses (62.49%) — typical of diversified or defensive assets.
• Beta of 0.52 may look defensive, but with R² of 0.32 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 0.32 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

HJPSX has a high expense ratio of 1.57%, indicating above-average management fees.

HJPSX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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

Hennessy Japan Small Cap Fund provided a 13.14% dividend yield over the last twelve months, with an annual payout of $2.58 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for Hennessy Japan Small Cap 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 Small Cap 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 Small Cap Fund was 47.91%, occurring on Mar 9, 2009. Recovery took 498 trading sessions.

The current Hennessy Japan Small Cap Fund drawdown is 14.77%.

The chart below shows the rolling one-month volatility.