DGTSX vs. HBFBX
DGTSX (DFA Global Allocation 25/75 Portfolio) and HBFBX (Hennessy Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, DGTSX returned 5.23%/yr vs 5.82%/yr for HBFBX. A 0.73 correlation means they provide meaningful diversification when combined. DGTSX charges 0.24%/yr vs 0.49%/yr for HBFBX.
Performance
DGTSX vs. HBFBX - Performance Comparison
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Returns By Period
In the year-to-date period, DGTSX achieves a 4.30% return, which is significantly lower than HBFBX's 5.33% return. Over the past 10 years, DGTSX has underperformed HBFBX with an annualized return of 5.23%, while HBFBX has yielded a comparatively higher 5.82% annualized return.
DGTSX
- 1D
- 0.34%
- 1M
- 0.76%
- YTD
- 4.30%
- 6M
- 4.30%
- 1Y
- 9.92%
- 3Y*
- 8.27%
- 5Y*
- 5.39%
- 10Y*
- 5.23%
HBFBX
- 1D
- -0.38%
- 1M
- -0.68%
- YTD
- 5.33%
- 6M
- 5.50%
- 1Y
- 11.97%
- 3Y*
- 8.66%
- 5Y*
- 6.61%
- 10Y*
- 5.82%
DGTSX vs. HBFBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGTSX DFA Global Allocation 25/75 Portfolio | 4.30% | 8.39% | 7.43% | 8.93% | -8.06% | 10.20% | 7.29% | 9.80% | -1.85% | 5.83% |
HBFBX Hennessy Balanced Fund | 5.33% | 9.90% | 4.81% | 7.62% | 3.83% | 8.07% | -2.98% | 9.71% | 0.06% | 8.34% |
Correlation
The correlation between DGTSX and HBFBX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2003 | 0.73 |
Over the past year, the correlation between DGTSX and HBFBX has dropped to 0.40 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
DGTSX vs. HBFBX — Risk / Return Rank
DGTSX
HBFBX
DGTSX vs. HBFBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Global Allocation 25/75 Portfolio (DGTSX) and Hennessy Balanced Fund (HBFBX). 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.
| DGTSX | HBFBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.39 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.73 | +0.06 |
| Martin ratioReturn relative to average drawdown | 16.65 | 9.48 | +7.16 |
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Drawdowns
DGTSX vs. HBFBX - Drawdown Comparison
The maximum DGTSX drawdown since its inception was -16.71%, smaller than the maximum HBFBX drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for DGTSX and HBFBX.
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Drawdown Indicators
| DGTSX | HBFBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.71% | -41.61% | +24.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -3.20% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -7.46% | -6.10% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -11.26% | -10.22% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -11.26% | -17.24% | +5.98% |
Current DrawdownCurrent decline from peak | -0.14% | -1.71% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -4.06% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 1.26% | -0.66% |
Volatility
DGTSX vs. HBFBX - Volatility Comparison
The current volatility for DFA Global Allocation 25/75 Portfolio (DGTSX) is 1.42%, while Hennessy Balanced Fund (HBFBX) has a volatility of 2.00%. This indicates that DGTSX experiences smaller price fluctuations and is considered to be less risky than HBFBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGTSX | HBFBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 2.00% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 4.10% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 5.60% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 7.22% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 8.15% | -2.91% |
DGTSX vs. HBFBX - Expense Ratio Comparison
DGTSX has a 0.24% expense ratio, which is lower than HBFBX's 0.49% expense ratio.
Dividends
DGTSX vs. HBFBX - Dividend Comparison
DGTSX's dividend yield for the trailing twelve months is around 5.70%, more than HBFBX's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGTSX DFA Global Allocation 25/75 Portfolio | 5.70% | 5.54% | 7.28% | 4.75% | 2.77% | 7.62% | 2.12% | 2.57% | 2.99% | 1.25% | 1.26% | 1.50% |
HBFBX Hennessy Balanced Fund | 1.78% | 1.90% | 5.40% | 4.62% | 9.50% | 3.79% | 0.95% | 5.20% | 5.51% | 7.62% | 7.76% | 2.53% |
Frequently Asked Questions
DGTSX and HBFBX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBFBX has higher volatility (2.00%) compared to DGTSX (1.42%). In terms of maximum drawdown, DGTSX dropped -16.71% vs HBFBX's -41.61%.
DGTSX currently has the higher Sharpe Ratio (2.79 vs 2.13), 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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