Hennessy Technology Fund (HTECX)

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The chart shows the growth of an initial investment of $10,000 in Hennessy Technology 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 Technology Fund (HTECX) has returned -10.79% so far this year and 13.20% over the past 12 months. Over the last ten years, HTECX has had an annualized return of 11.64%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Feb 6, 2002, HTECX's average daily return is +0.04%, while the average monthly return is +0.68%. At this rate, your investment would double in approximately 8.5 years.

Historically, 58% of months were positive and 42% were negative. The best month was Oct 2002 with a return of +18.7%, while the worst month was Oct 2008 at -18.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HTECX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +12.7%, while the worst single day was Dec 17, 2004 at -14.3%.

Hennessy Technology Fund has an annualized alpha of -0.93%, beta of 1.07, and R² of 0.77 versus S&P 500 Index. Calculated based on daily prices since February 07, 2002.

• This fund participated in 116.08% of S&P 500 Index downside but only 112.12% of its upside — more exposed to losses than it benefited from rallies.
• With beta of 1.07 and R² of 0.77, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

HTECX has a high expense ratio of 1.23%, indicating above-average management fees.

HTECX ranks 18 for risk / return — in the bottom 18% 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.

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

Hennessy Technology Fund provided a 23.72% dividend yield over the last twelve months, with an annual payout of $4.57 per share.

The table displays the monthly dividend distributions for Hennessy Technology 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 Technology 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 Technology Fund was 58.85%, occurring on Nov 20, 2008. Recovery took 1222 trading sessions.

The current Hennessy Technology Fund drawdown is 15.01%.

The chart below shows the rolling one-month volatility.