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DVSMX vs. HFMDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


DVSMXHFMDX
YTD Return41.00%42.99%
1Y Return63.32%44.67%
3Y Return (Ann)-5.93%11.04%
5Y Return (Ann)10.89%18.08%
Sharpe Ratio2.982.11
Sortino Ratio3.762.57
Omega Ratio1.481.37
Calmar Ratio1.312.62
Martin Ratio17.1411.49
Ulcer Index3.81%4.07%
Daily Std Dev21.97%22.14%
Max Drawdown-53.84%-71.75%
Current Drawdown-18.34%0.00%

Correlation

-0.50.00.51.00.8

The correlation between DVSMX and HFMDX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

DVSMX vs. HFMDX - Performance Comparison

The year-to-date returns for both investments are quite close, with DVSMX having a 41.00% return and HFMDX slightly higher at 42.99%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
20.56%
19.36%
DVSMX
HFMDX

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DVSMX vs. HFMDX - Expense Ratio Comparison

DVSMX has a 0.99% expense ratio, which is lower than HFMDX's 1.36% expense ratio.


HFMDX
Hennessy Cornerstone Mid Cap 30 Fund
Expense ratio chart for HFMDX: current value at 1.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.36%
Expense ratio chart for DVSMX: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

DVSMX vs. HFMDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Driehaus Small Cap Growth Fund (DVSMX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX). 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.


DVSMX
Sharpe ratio
The chart of Sharpe ratio for DVSMX, currently valued at 2.98, compared to the broader market0.002.004.002.98
Sortino ratio
The chart of Sortino ratio for DVSMX, currently valued at 3.76, compared to the broader market0.005.0010.003.76
Omega ratio
The chart of Omega ratio for DVSMX, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for DVSMX, currently valued at 1.31, compared to the broader market0.005.0010.0015.0020.001.31
Martin ratio
The chart of Martin ratio for DVSMX, currently valued at 17.14, compared to the broader market0.0020.0040.0060.0080.00100.0017.14
HFMDX
Sharpe ratio
The chart of Sharpe ratio for HFMDX, currently valued at 2.11, compared to the broader market0.002.004.002.11
Sortino ratio
The chart of Sortino ratio for HFMDX, currently valued at 2.57, compared to the broader market0.005.0010.002.57
Omega ratio
The chart of Omega ratio for HFMDX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for HFMDX, currently valued at 2.62, compared to the broader market0.005.0010.0015.0020.002.62
Martin ratio
The chart of Martin ratio for HFMDX, currently valued at 11.49, compared to the broader market0.0020.0040.0060.0080.00100.0011.49

DVSMX vs. HFMDX - Sharpe Ratio Comparison

The current DVSMX Sharpe Ratio is 2.98, which is higher than the HFMDX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of DVSMX and HFMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.98
2.11
DVSMX
HFMDX

Dividends

DVSMX vs. HFMDX - Dividend Comparison

DVSMX's dividend yield for the trailing twelve months is around 0.27%, while HFMDX has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
DVSMX
Driehaus Small Cap Growth Fund
0.27%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HFMDX
Hennessy Cornerstone Mid Cap 30 Fund
0.00%0.00%0.00%1.73%0.00%0.00%0.00%0.00%0.00%0.14%0.00%0.11%

Drawdowns

DVSMX vs. HFMDX - Drawdown Comparison

The maximum DVSMX drawdown since its inception was -53.84%, smaller than the maximum HFMDX drawdown of -71.75%. Use the drawdown chart below to compare losses from any high point for DVSMX and HFMDX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-18.34%
0
DVSMX
HFMDX

Volatility

DVSMX vs. HFMDX - Volatility Comparison

Driehaus Small Cap Growth Fund (DVSMX) has a higher volatility of 6.54% compared to Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) at 4.83%. This indicates that DVSMX's price experiences larger fluctuations and is considered to be riskier than HFMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.54%
4.83%
DVSMX
HFMDX