BSMAX vs. HFCGX
BSMAX (iShares Russell Small/Mid-Cap Index Fund Investor A Shares) and HFCGX (Hennessy Cornerstone Growth Fund) are both Small Cap Blend Equities funds. Over the past 10 years, BSMAX returned 11.09%/yr vs 12.00%/yr for HFCGX. Their correlation of 0.86 means they have usually moved in the same direction. BSMAX charges 0.37%/yr vs 1.34%/yr for HFCGX.
Performance
BSMAX vs. HFCGX - Performance Comparison
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Returns By Period
In the year-to-date period, BSMAX achieves a 19.75% return, which is significantly higher than HFCGX's 13.40% return. Over the past 10 years, BSMAX has underperformed HFCGX with an annualized return of 11.09%, while HFCGX has yielded a comparatively higher 12.00% annualized return.
BSMAX
- 1D
- 0.69%
- 1M
- -1.62%
- 6M
- 12.24%
- YTD
- 19.75%
- 1Y
- 28.41%
- 3Y*
- 15.56%
- 5Y*
- 7.90%
- 10Y*
- 11.09%
- ALL TIME*
- 10.40%
HFCGX
- 1D
- -0.32%
- 1M
- 0.88%
- 6M
- 9.02%
- YTD
- 13.40%
- 1Y
- 19.72%
- 3Y*
- 18.78%
- 5Y*
- 14.32%
- 10Y*
- 12.00%
- ALL TIME*
- 9.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BSMAX vs. HFCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSMAX iShares Russell Small/Mid-Cap Index Fund Investor A Shares | 19.75% | 11.59% | 11.78% | 16.81% | -18.58% | 17.69% | 20.06% | 27.38% | -10.45% | 16.40% |
HFCGX Hennessy Cornerstone Growth Fund | 13.40% | 4.78% | 31.45% | 19.58% | -4.97% | 29.94% | 17.73% | 20.70% | -21.39% | 16.60% |
Correlation
The correlation between BSMAX and HFCGX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2015 | 0.86 |
The correlation between BSMAX and HFCGX shifts across timeframes, from 0.72 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSMAX vs. HFCGX — Risk / Return Rank
BSMAX
HFCGX
BSMAX vs. HFCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX) and Hennessy Cornerstone Growth Fund (HFCGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BSMAX | HFCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.40 | +0.58 |
| Martin ratioReturn relative to average drawdown | 11.22 | 6.84 | +4.39 |
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Drawdowns
BSMAX vs. HFCGX - Drawdown Comparison
The maximum BSMAX drawdown since its inception was -41.38%, smaller than the maximum HFCGX drawdown of -62.35%. Use the drawdown chart below to compare losses from any high point for BSMAX and HFCGX.
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Drawdown Indicators
| BSMAX | HFCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.38% | -62.35% | +20.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -7.82% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -22.86% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.48% | -26.30% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -41.38% | -54.22% | +12.84% |
Current DrawdownCurrent decline from peak | -2.28% | -3.27% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -15.17% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.75% | -0.23% |
Volatility
BSMAX vs. HFCGX - Volatility Comparison
The current volatility for iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX) is 3.46%, while Hennessy Cornerstone Growth Fund (HFCGX) has a volatility of 5.04%. This indicates that BSMAX experiences smaller price fluctuations and is considered to be less risky than HFCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMAX | HFCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 5.04% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 11.24% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 14.01% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 23.82% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 25.86% | -4.28% |
BSMAX vs. HFCGX - Expense Ratio Comparison
BSMAX has a 0.37% expense ratio, which is lower than HFCGX's 1.34% expense ratio.
Dividends
BSMAX vs. HFCGX - Dividend Comparison
BSMAX's dividend yield for the trailing twelve months is around 1.99%, while HFCGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMAX iShares Russell Small/Mid-Cap Index Fund Investor A Shares | 1.99% | 2.67% | 1.79% | 1.14% | 4.67% | 4.55% | 4.26% | 2.62% | 4.07% | 2.61% | 1.34% | 0.59% |
HFCGX Hennessy Cornerstone Growth Fund | 0.00% | 0.00% | 14.11% | 0.38% | 3.58% | 26.58% | 0.00% | 0.00% | 10.47% | 0.00% | 0.00% | 0.11% |
Frequently Asked Questions
BSMAX and HFCGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFCGX has higher volatility (5.04%) compared to BSMAX (3.46%). In terms of maximum drawdown, BSMAX dropped -41.38% vs HFCGX's -62.35%.
BSMAX currently has the higher Sharpe Ratio (1.59 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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