- ISIN
- US42588P8822
- CUSIP
- 42588P882
- Issuer
- BlackRock
- Inception Date
- Jan 3, 1997
- Category
- Financials Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HLFNX Performance Chart
Hennessy Large Cap Financial Fund (HLFNX) is up 3.5% since the beginning of the year. HLFNX is currently trading at $34 per share. Investors who bought $1,000 worth of HLFNX shares 5 years ago would now be looking at an investment worth $1,281.
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Returns By Period
Hennessy Large Cap Financial Fund (HLFNX) has returned 3.46% so far this year and 11.35% over the past 12 months. Over the last ten years, HLFNX has returned 11.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Hennessy Large Cap Financial Fund
- 1D
- 1.09%
- 1M
- 1.30%
- 6M
- 6.90%
- YTD
- 3.46%
- 1Y
- 11.35%
- 3Y*
- 19.53%
- 5Y*
- 5.07%
- 10Y*
- 11.82%
- ALL TIME*
- 5.13%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HLFNX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1997, HLFNX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Mar 2000 with a return of +18.9%, while the worst month was Dec 2007 at -22.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, HLFNX closed higher 51% of trading days. The best single day was Mar 23, 2009 with a return of +14.8%, while the worst single day was Dec 14, 2007 at -21.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.22% | -5.97% | -2.71% | 8.16% | -0.88% | 5.07% | 3.74% | 3.46% | |||||
| 2025 | 9.82% | -3.71% | -8.20% | -0.63% | 8.63% | 9.99% | 1.77% | 1.97% | 0.45% | -0.62% | -1.14% | 3.41% | 22.07% |
| 2024 | -1.26% | 2.20% | 7.66% | -4.16% | 2.34% | -1.02% | 7.70% | 0.76% | -1.29% | 5.19% | 15.60% | -6.50% | 28.45% |
| 2023 | 9.91% | -3.33% | -20.04% | 2.63% | -4.25% | 5.03% | 13.29% | -7.55% | -4.18% | -5.78% | 13.14% | 11.49% | 4.58% |
| 2022 | -3.41% | -3.91% | -4.44% | -10.64% | 3.51% | -12.57% | 8.67% | -1.84% | -8.86% | 11.11% | 4.76% | -7.44% | -24.88% |
| 2021 | -3.39% | 9.73% | 1.63% | 7.51% | 0.88% | -0.06% | 1.36% | 4.09% | -4.01% | 5.50% | -5.66% | 1.07% | 18.96% |
Benchmark Metrics
Hennessy Large Cap Financial Fund has an annualized alpha of -1.67%, beta of 1.01, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.
- This fund participated in 100.91% of S&P 500 Index downside but only 87.69% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.67%
- Beta
- 1.01
- R²
- 0.62
- Upside Capture
- 87.69%
- Downside Capture
- 100.91%
Expense Ratio
HLFNX has a high expense ratio of 1.68%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HLFNX ranks 8 for risk / return — above 8% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Hennessy Large Cap Financial Fund (HLFNX) 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.
| HLFNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.25 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.00 | -1.65 |
| Martin ratioReturn relative to average drawdown | 0.88 | 8.49 | -7.61 |
Dividends
Dividend History
Hennessy Large Cap Financial Fund provided a 7.66% dividend yield over the last twelve months, with an annual payout of $2.63 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.63 | $2.63 | $0.17 | $0.40 | $1.65 | $1.65 | $0.00 | $0.00 | $0.59 | $1.00 | $0.10 | $1.71 |
Dividend yield | 7.66% | 7.92% | 0.56% | 1.72% | 7.39% | 5.16% | 0.00% | 0.00% | 3.15% | 4.60% | 0.54% | 10.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Large Cap Financial 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 | $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 | $2.63 | $2.63 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $1.65 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $1.65 |
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 Large Cap Financial 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 Large Cap Financial Fund was 71.74%, occurring on Mar 6, 2009. Recovery took 2199 trading sessions.
The current Hennessy Large Cap Financial Fund drawdown is 0.95%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-71.74%Mar 2009 | 4y 2mo | 8y 8mo | 12y 11moDec 2004 - Nov 2017 | Financial crisis2007–2009 |
-44.03%May 2023 | 1y 6mo | 1y 6mo | 3y 28dOct 2021 - Nov 2024 | — |
-43.81%Mar 2000 | 1y 7mo | 1y 2mo | 2y 10moJul 1998 - May 2001 | Dot-com crash2000–2002 |
-40.84%Mar 2020 | 1mo 2d | 8mo 6d | 9mo 8dFeb 2020 - Nov 2020 | COVID crash2020 |
-24.90%Dec 2018 | 9mo 17d | 6mo 11d | 1y 3moMar 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| HLFNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.74% | -56.78% | -14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -18.44% | -9.10% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -18.90% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -44.03% | -25.43% | -18.60% |
Max Drawdown (10Y)Largest decline over 10 years | -44.03% | -33.92% | -10.11% |
Current DrawdownCurrent decline from peak | -0.95% | -1.58% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -10.70% | -10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 2.14% | +5.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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