Hennessy Japan Small Cap Fund (HJPSX)

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Hennessy Japan Small Cap Fund (HJPSX) is up 14.8% since the beginning of the year. HJPSX is currently trading at $22 per share. Investors who bought $1,000 worth of HJPSX shares 5 years ago would now be looking at an investment worth $1,534.

Hennessy Japan Small Cap Fund (HJPSX) has returned 14.84% so far this year and 33.47% over the past 12 months. Over the last ten years, HJPSX has returned 10.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% 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 +0.86%. At this rate, an investment would double in approximately 6.7 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 5.21%, beta of 0.52, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since September 04, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.80%) than losses (62.09%) - 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 39 for risk / return — below 39% 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.

Hennessy Japan Small Cap Fund provided a 11.53% 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 2.87%.

The chart below shows the rolling one-month volatility.