FDETX vs. HFCVX
Compare and contrast key facts about Fidelity Advisor Capital Development Fund Class O (FDETX) and Hennessy Cornerstone Value Fund (HFCVX).
FDETX is managed by Fidelity. It was launched on Dec 30, 1985. HFCVX is managed by Hennessy. It was launched on Nov 1, 1996.
Performance
FDETX vs. HFCVX - Performance Comparison
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FDETX vs. HFCVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | -1.95% | 27.60% | 27.07% | 24.20% | -8.00% | 25.32% | 9.12% | 31.39% | -9.09% | 16.45% |
HFCVX Hennessy Cornerstone Value Fund | 9.21% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -9.50% | 19.21% |
Returns By Period
In the year-to-date period, FDETX achieves a -1.95% return, which is significantly lower than HFCVX's 9.21% return. Over the past 10 years, FDETX has outperformed HFCVX with an annualized return of 15.03%, while HFCVX has yielded a comparatively lower 10.85% annualized return.
FDETX
- 1D
- 3.24%
- 1M
- -5.25%
- YTD
- -1.95%
- 6M
- 3.03%
- 1Y
- 27.50%
- 3Y*
- 22.78%
- 5Y*
- 14.97%
- 10Y*
- 15.03%
HFCVX
- 1D
- 0.83%
- 1M
- -1.38%
- YTD
- 9.21%
- 6M
- 12.87%
- 1Y
- 18.71%
- 3Y*
- 14.74%
- 5Y*
- 12.33%
- 10Y*
- 10.85%
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FDETX vs. HFCVX - Expense Ratio Comparison
FDETX has a 0.56% expense ratio, which is lower than HFCVX's 1.23% expense ratio.
Return for Risk
FDETX vs. HFCVX — Risk / Return Rank
FDETX
HFCVX
FDETX vs. HFCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Capital Development Fund Class O (FDETX) and Hennessy Cornerstone Value Fund (HFCVX). 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.
| FDETX | HFCVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.44 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.95 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.72 | +0.57 |
Martin ratioReturn relative to average drawdown | 10.41 | 7.47 | +2.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDETX | HFCVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.44 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.93 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.66 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.40 | +0.23 |
Correlation
The correlation between FDETX and HFCVX is 0.82, 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.
Dividends
FDETX vs. HFCVX - Dividend Comparison
FDETX's dividend yield for the trailing twelve months is around 10.55%, more than HFCVX's 6.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDETX Fidelity Advisor Capital Development Fund Class O | 10.55% | 10.34% | 8.95% | 4.39% | 5.66% | 5.63% | 4.47% | 7.46% | 15.81% | 5.34% | 2.92% | 5.97% |
HFCVX Hennessy Cornerstone Value Fund | 6.77% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
Drawdowns
FDETX vs. HFCVX - Drawdown Comparison
The maximum FDETX drawdown since its inception was -66.86%, roughly equal to the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for FDETX and HFCVX.
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Drawdown Indicators
| FDETX | HFCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -65.75% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -11.00% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.72% | -16.81% | -4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -39.39% | +2.78% |
Current DrawdownCurrent decline from peak | -6.71% | -1.46% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -8.28% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.61% | +0.12% |
Volatility
FDETX vs. HFCVX - Volatility Comparison
Fidelity Advisor Capital Development Fund Class O (FDETX) has a higher volatility of 5.73% compared to Hennessy Cornerstone Value Fund (HFCVX) at 3.06%. This indicates that FDETX's price experiences larger fluctuations and is considered to be riskier than HFCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDETX | HFCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 3.06% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 6.83% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.62% | 12.75% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 13.28% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 16.48% | +2.37% |