PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CTIGX vs. HFCSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CTIGX vs. HFCSX

Last updated Jun 24, 2026

CTIGX (Calamos Timpani SMID Growth Fund) and HFCSX (Hennessy Focus Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, CTIGX returned 10.68%/yr vs 9.41%/yr for HFCSX. A 0.68 correlation means they provide meaningful diversification when combined. CTIGX charges 1.10%/yr vs 1.49%/yr for HFCSX.

Performance

CTIGX vs. HFCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Timpani SMID Growth Fund (CTIGX) and Hennessy Focus Fund (HFCSX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CTIGX achieves a 30.42% return, which is significantly higher than HFCSX's 5.97% return.

CTIGX

1D
1.38%
1M
4.36%
YTD
30.42%
6M
26.29%
1Y
57.77%
3Y*
33.13%
5Y*
10.68%
10Y*
—

HFCSX

1D
-1.71%
1M
-2.11%
YTD
5.97%
6M
2.39%
1Y
18.78%
3Y*
19.40%
5Y*
9.41%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CTIGX vs. HFCSX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CTIGX
Calamos Timpani SMID Growth Fund		30.42%21.21%44.09%12.26%-34.88%7.64%58.94%-3.80%
HFCSX
Hennessy Focus Fund		5.97%28.30%14.67%20.99%-24.92%32.04%5.47%7.87%

Correlation

The correlation between CTIGX and HFCSX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Jul 31, 2019

0.68

The correlation between CTIGX and HFCSX has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Calamos Timpani SMID Growth Fund

Hennessy Focus Fund

Often compared with CTIGX:
CTIGX vs. MGOYXCTIGX vs. BMDSXCTIGX vs. MEFAXCTIGX vs. FRSGXCTIGX vs. MGPIXCTIGX vs. EISMXCTIGX vs. BFGFX
Often compared with HFCSX:
HFCSX vs. VRTTXHFCSX vs. HBFBXHFCSX vs. HFLGXHFCSX vs. HTECXHFCSX vs. GASFXHFCSX vs. HNRIXHFCSX vs. WWNPX

Return for Risk

CTIGX vs. HFCSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CTIGX
CTIGX Risk / Return Rank: 7272
Overall Rank
CTIGX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CTIGX Sortino Ratio Rank: 5252
Sortino Ratio Rank
CTIGX Omega Ratio Rank: 5151
Omega Ratio Rank
CTIGX Calmar Ratio Rank: 9494
Calmar Ratio Rank
CTIGX Martin Ratio Rank: 9595
Martin Ratio Rank
HFCSX
HFCSX Risk / Return Rank: 1111
Overall Rank
HFCSX Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
HFCSX Sortino Ratio Rank: 1111
Sortino Ratio Rank
HFCSX Omega Ratio Rank: 1010
Omega Ratio Rank
HFCSX Calmar Ratio Rank: 1313
Calmar Ratio Rank
HFCSX Martin Ratio Rank: 1010
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTIGX vs. HFCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Timpani SMID Growth Fund (CTIGX) and Hennessy Focus Fund (HFCSX). 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.

CTIGXHFCSXDifference
Sharpe ratioReturn per unit of total volatility
2.19
0.77

+1.43

Sortino ratioReturn per unit of downside risk
2.78
1.26

+1.52

Omega ratioGain probability vs. loss probability

1.36

1.14

+0.22

Calmar ratioReturn relative to maximum drawdown

5.25

1.13

+4.11

Martin ratioReturn relative to average drawdown

19.96

2.55

+17.41

CTIGX vs. HFCSX - Sharpe Ratio Comparison

The current CTIGX Sharpe Ratio is 2.19, which is higher than the HFCSX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of CTIGX and HFCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

CTIGX vs. HFCSX - Drawdown Comparison

The maximum CTIGX drawdown since its inception was -46.26%, smaller than the maximum HFCSX drawdown of -59.41%. Use the drawdown chart below to compare losses from any high point for CTIGX and HFCSX.

Loading charts...

Drawdown Indicators

CTIGXHFCSXDifference

Max Drawdown

Largest peak-to-trough decline

-46.26%

-59.41%

+13.15%

Max Drawdown (1Y)

Largest decline over 1 year

-11.56%

-19.90%

+8.34%

Max Drawdown (3Y)

Largest decline over 3 years

-29.30%

-23.02%

-6.28%

Max Drawdown (5Y)

Largest decline over 5 years

-46.26%

-33.13%

-13.13%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.07%

—

Current Drawdown

Current decline from peak

0.00%

-8.85%

+8.85%

Average Drawdown

Average peak-to-trough decline

-18.48%

-9.85%

-8.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

8.83%

-5.80%

Volatility

CTIGX vs. HFCSX - Volatility Comparison

The current volatility for Calamos Timpani SMID Growth Fund (CTIGX) is 10.38%, while Hennessy Focus Fund (HFCSX) has a volatility of 11.12%. This indicates that CTIGX experiences smaller price fluctuations and is considered to be less risky than HFCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CTIGXHFCSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.38%

11.12%

-0.74%

Volatility (6M)

Calculated over the trailing 6-month period

21.85%

21.27%

+0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

27.71%

29.49%

-1.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.26%

23.07%

+4.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.21%

22.74%

+6.47%

CTIGX vs. HFCSX - Expense Ratio Comparison

CTIGX has a 1.10% expense ratio, which is lower than HFCSX's 1.49% expense ratio.

Dividends

CTIGX vs. HFCSX - Dividend Comparison

CTIGX's dividend yield for the trailing twelve months is around 3.52%, less than HFCSX's 45.73% yield.

PositionTTM20252024202320222021202020192018201720162015
CTIGX
Calamos Timpani SMID Growth Fund		3.52%4.59%2.80%0.00%0.00%11.76%0.00%0.00%0.00%0.00%0.00%0.00%
HFCSX
Hennessy Focus Fund		45.73%48.46%15.94%24.51%15.15%17.19%35.80%10.78%22.20%0.01%0.00%0.20%

Frequently Asked Questions

CTIGX and HFCSX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HFCSX has higher volatility (11.12%) compared to CTIGX (10.38%). In terms of maximum drawdown, CTIGX dropped -46.26% vs HFCSX's -59.41%.

CTIGX currently has the higher Sharpe Ratio (2.19 vs 0.77), 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.

Portfolio Optimizer

Find the right allocation for CTIGX and HFCSX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer