- ISIN
- US42588P7188
- CUSIP
- 42588P718
- Issuer
- Hennessy
- Inception Date
- Dec 30, 2013
- Category
- Energy Equities
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HMSIX Performance Chart
Hennessy Midstream Fund (HMSIX) is up 14.6% since the beginning of the year. HMSIX is currently trading at $14 per share. Investors who bought $1,000 worth of HMSIX shares 5 years ago would now be looking at an investment worth $2,428.
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Returns By Period
Hennessy Midstream Fund (HMSIX) has returned 14.63% so far this year and 14.21% over the past 12 months.
Hennessy Midstream Fund
- 1D
- 0.22%
- 1M
- -6.21%
- YTD
- 14.63%
- 6M
- 15.58%
- 1Y
- 14.21%
- 3Y*
- 20.72%
- 5Y*
- 19.41%
- 10Y*
- —
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%
HMSIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 4, 2018, HMSIX's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +39.6%, while the worst month was Mar 2020 at -44.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HMSIX closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +17.7%, while the worst single day was Mar 9, 2020 at -24.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.77% | 4.86% | 2.78% | 2.37% | -3.99% | 0.43% | 14.63% | ||||||
| 2025 | 5.56% | 1.42% | 0.91% | -9.50% | 3.45% | -0.25% | -0.70% | -0.70% | -0.74% | -4.04% | 5.97% | -0.91% | -0.49% |
| 2024 | 1.60% | 5.38% | 7.36% | -0.17% | -0.34% | 2.99% | 1.84% | 1.07% | 0.31% | 2.81% | 16.09% | -6.16% | 36.21% |
| 2023 | 5.68% | -2.29% | -1.07% | 2.43% | -0.52% | 7.12% | 5.98% | 0.47% | 0.26% | -0.29% | 5.85% | -1.51% | 23.75% |
| 2022 | 10.53% | 4.98% | 5.83% | -1.43% | 6.13% | -14.39% | 13.15% | 2.59% | -9.68% | 13.91% | 3.13% | -4.64% | 29.15% |
| 2021 | 3.98% | 7.51% | 5.83% | 5.80% | 7.80% | 5.21% | -5.75% | -1.76% | 3.91% | 5.58% | -6.52% | 1.33% | 36.58% |
Benchmark Metrics
Hennessy Midstream Fund has an annualized alpha of 0.98%, beta of 0.85, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since September 04, 2018.
- This fund participated in 93.31% of S&P 500 Index downside but only 79.33% of its upside - more exposed to losses than it benefited from rallies.
- 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.
- Alpha
- 0.98%
- Beta
- 0.85
- R²
- 0.32
- Upside Capture
- 79.33%
- Downside Capture
- 93.31%
Expense Ratio
HMSIX has a high expense ratio of 1.51%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HMSIX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hennessy Midstream Fund (HMSIX) 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.
| HMSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.78 | -0.61 |
| Martin ratioReturn relative to average drawdown | 4.68 | 12.44 | -7.76 |
Dividends
Dividend History
Hennessy Midstream Fund provided a 7.63% dividend yield over the last twelve months, with an annual payout of $1.03 per share. The fund has been increasing its distributions for 7 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.03 | $1.03 | $1.03 | $1.03 | $1.03 | $1.03 | $1.03 | $1.03 | $0.52 |
Dividend yield | 7.63% | 8.42% | 7.74% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 4.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Midstream 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 | $0.26 | $0.00 | $0.00 | $0.26 | $0.52 | ||||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2023 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2022 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2021 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
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 Midstream 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 Midstream Fund was 68.43%, occurring on Mar 18, 2020. Recovery took 495 trading sessions.
The current Hennessy Midstream Fund drawdown is 6.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -68.43%Mar 2020 | 1y 4mo | 1y 11mo | 3y 4moOct 2018 - Mar 2022 |
Bear market2022 | -21.17%Jul 2022 | 28d | 4mo 27d | 5mo 25dJun 2022 - Nov 2022 |
2025 selloff2025 | -16.29%Apr 2025 | 2mo 16d | 10mo 9d | 1y 20dJan 2025 - Feb 2026 |
2023 correction2023 | -10.48%Mar 2023 | 1mo 5d | 2mo 11d | 3mo 16dFeb 2023 - Jun 2023 |
2024 pullback2024 | -9.83%Dec 2024 | 18d | 26d | 1mo 14dDec 2024 - Jan 2025 |
Drawdown Indicators
| HMSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.43% | -56.78% | -11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -9.10% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -16.29% | -18.90% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -25.43% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.53% | -1.80% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -12.20% | -10.71% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.03% | +1.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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