- ISIN
- US42588P8582
- CUSIP
- 42588P858
- Issuer
- Hennessy
- Inception Date
- Jan 31, 2002
- Category
- Technology Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
HTECX Performance Chart
Hennessy Technology Fund (HTECX) is up 18.5% since the beginning of the year. HTECX is currently trading at $26 per share. Investors who bought $1,000 worth of HTECX shares 5 years ago would now be looking at an investment worth $1,672.
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Returns By Period
Hennessy Technology Fund (HTECX) has returned 18.48% so far this year and 33.82% over the past 12 months. Looking at the last ten years, HTECX has achieved an annualized return of 14.74%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Hennessy Technology Fund
- 1D
- 1.63%
- 1M
- 6.85%
- YTD
- 18.48%
- 6M
- 16.43%
- 1Y
- 33.82%
- 3Y*
- 20.25%
- 5Y*
- 10.83%
- 10Y*
- 14.74%
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%
HTECX Monthly Returns History
Based on dividend-adjusted daily data since Feb 6, 2002, HTECX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.42% | -3.26% | -4.04% | 11.17% | 15.05% | 0.20% | 18.48% | ||||||
| 2025 | 5.47% | -5.56% | -8.63% | 0.44% | 8.59% | 8.62% | -1.02% | 3.02% | 6.70% | 1.20% | -5.16% | 2.59% | 15.48% |
| 2024 | 0.50% | 4.85% | 1.56% | -5.29% | 4.51% | 5.11% | 1.92% | -0.04% | 0.04% | -2.41% | 7.54% | -1.51% | 17.29% |
| 2023 | 10.61% | -0.67% | 5.04% | -7.20% | 9.53% | 7.20% | 1.93% | -2.53% | -4.60% | -3.97% | 10.92% | 7.08% | 35.95% |
| 2022 | -7.91% | -3.30% | 0.22% | -10.76% | 0.38% | -10.71% | 10.74% | -3.84% | -10.87% | 8.82% | 7.29% | -6.79% | -26.28% |
| 2021 | -0.04% | 5.58% | 3.20% | 2.06% | -0.30% | 4.04% | -0.26% | 1.62% | -5.71% | 3.11% | -2.94% | 4.06% | 14.75% |
Benchmark Metrics
Hennessy Technology Fund has an annualized alpha of -0.45%, beta of 1.07, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since February 06, 2002.
- This fund participated in 115.87% of S&P 500 Index downside but only 114.02% 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.
- Alpha
- -0.45%
- Beta
- 1.07
- R²
- 0.77
- Upside Capture
- 114.02%
- Downside Capture
- 115.87%
Expense Ratio
HTECX has a high expense ratio of 1.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HTECX ranks 31 for risk / return — below 31% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) 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.
| HTECX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.78 | -0.62 |
| Martin ratioReturn relative to average drawdown | 6.27 | 12.44 | -6.17 |
Dividends
Dividend History
Hennessy Technology Fund provided a 17.86% dividend yield over the last twelve months, with an annual payout of $4.57 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.57 | $4.57 | $0.97 | $0.00 | $0.01 | $6.70 | $0.85 | $0.52 | $2.26 | $1.63 |
Dividend yield | 17.86% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% |
Monthly Dividends
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.
| 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.57 | $4.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.70 | $6.70 |
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 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 3.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.85%Nov 2008 | 1y 20d | 4y 10mo | 5y 11moNov 2007 - Oct 2013 |
Dot-com crash2000–2002 | -46.87%Oct 2002 | 7mo | 11mo 2d | 1y 5moMar 2002 - Sep 2003 |
COVID crash2020 | -35.00%Mar 2020 | 2mo 6d | 4mo 16d | 6mo 22dJan 2020 - Aug 2020 |
Bear market2022 | -34.88%Oct 2022 | 1y 1mo | 1y 3mo | 2y 4moSep 2021 - Jan 2024 |
2025 selloff2025 | -26.64%Apr 2025 | 1mo 26d | 2mo 23d | 4mo 19dFeb 2025 - Jun 2025 |
Drawdown Indicators
| HTECX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.85% | -56.78% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -9.10% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -18.90% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -25.43% | -9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -33.92% | -1.08% |
Current DrawdownCurrent decline from peak | -3.98% | -1.80% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -10.71% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 2.03% | +3.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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