HMSFX's Sortino Ratio of 1.44 indicates that for each unit of downside volatility, it generates 1.44 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
HMSFX Sortino Ratio Rank
HMSFX ranks above 13.6% of all investments in our database based on Sortino Ratio over the past 12 months, indicating weak returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).
What moves the rank
- Strong returns with minimal downside volatility → Higher rank
- Severe or frequent drawdowns → Lower rank
- Upside volatility → No impact (Sortino doesn't penalize upside swings)
What you can do with this information
- Weak downside-adjusted returns relative to category peers
- Evaluate whether this holding aligns with your risk-return objectives
- Consider reducing exposure or implementing downside hedges
- Review higher-ranked alternatives in the same category
HMSFX Sortino Ratio Market Positioning
The chart shows HMSFX's Sortino Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 1.93 or lower
- Yellow zone (middle 50%): 1.93 to 3.30
- Green zone (top 25%): 3.30 or higher
- Top 1%: 9.03+
- Median: 2.75 — half of all investments score higher
How it compares to other similar mutual funds
The table compares Hennessy Midstream Fund Investor Class's Sortino Ratio with other mutual funds in the MLPs category across multiple time periods, showing how HMSFX's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| MLPFX | Invesco SteelPath MLP Select 40 Fund Class A | 2.57 | |||
| MLPDX | Invesco SteelPath MLP Income Fund Class A | 2.37 | |||
| GAMPX | Goldman Sachs Energy Infrastructure Fund Class P | 2.29 | |||
| MLPAX | Invesco SteelPath MLP Alpha Fund Class A | 2.12 | |||
| MLPLX | Invesco SteelPath MLP Alpha Plus Fund Class A | 2.09 | |||
| EMO | ClearBridge Energy Midstream Opportunity Fund | 1.63 | |||
| NML | Neuberger Berman MLP | 1.57 | |||
| HMSFX | Hennessy Midstream Fund Investor Class | 1.44 | |||
| TYG | Tortoise Energy Infrastructure Closed Fund | 1.08 |
Historical Sortino Ratio
The chart shows HMSFX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when HMSFX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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IHow does HMSFX fit in your portfolio?
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