FKICX vs. HFCGX

Last updated Aug 1, 2026

FKICX (Fidelity Small Cap Stock K6 Fund) and HFCGX (Hennessy Cornerstone Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, FKICX returned 7.77%/yr vs 13.94%/yr for HFCGX. Their correlation of 0.85 means they have usually moved in the same direction. FKICX charges 0.60%/yr vs 1.34%/yr for HFCGX.

Performance

FKICX vs. HFCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Small Cap Stock K6 Fund (FKICX) and Hennessy Cornerstone Growth Fund (HFCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FKICX achieves a 17.85% return, which is significantly higher than HFCGX's 12.44% return.

FKICX

• 1D: 2.88%
• 1M: -2.42%
• 6M: 13.30%
• YTD: 17.85%
• 1Y: 31.41%
• 3Y*: 16.41%
• 5Y*: 7.77%
• 10Y*: —
• ALL TIME*: 10.34%

HFCGX

• 1D: 3.16%
• 1M: 2.88%
• 6M: 7.39%
• YTD: 12.44%
• 1Y: 20.12%
• 3Y*: 17.93%
• 5Y*: 13.94%
• 10Y*: 11.94%
• ALL TIME*: 9.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FKICX Fidelity Small Cap Stock K6 Fund	$0.00	$0.00	$0.00
HFCGX Hennessy Cornerstone Growth Fund	$0.00	$0.00	$0.00

FKICX vs. HFCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FKICX Fidelity Small Cap Stock K6 Fund	17.85%	16.09%	8.86%	19.94%	-21.61%	21.00%	14.68%	29.83%	-12.07%	11.23%
HFCGX Hennessy Cornerstone Growth Fund	12.44%	4.78%	31.45%	19.58%	-4.97%	29.94%	17.73%	20.70%	-21.39%	18.55%

Correlation

The correlation between FKICX and HFCGX is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.85

The correlation between FKICX and HFCGX has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.

Return for Risk

FKICX vs. HFCGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FKICX

FKICX Risk / Return Rank: 54
FKICX Sharpe Ratio Rank: 50
FKICX Sortino Ratio Rank: 55
FKICX Omega Ratio Rank: 45
FKICX Calmar Ratio Rank: 65
FKICX Martin Ratio Rank: 53

HFCGX

HFCGX Risk / Return Rank: 53
HFCGX Sharpe Ratio Rank: 48
HFCGX Sortino Ratio Rank: 51
HFCGX Omega Ratio Rank: 44
HFCGX Calmar Ratio Rank: 75
HFCGX Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FKICX vs. HFCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Stock K6 Fund (FKICX) 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.

	FKICX	HFCGX	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.28	+0.12
Sortino ratio: Return per unit of downside risk	2.11	1.91	+0.20
Omega ratio: Gain probability vs. loss probability	1.24	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.24	2.39	-0.15
Martin ratio: Return relative to average drawdown	7.46	6.64	+0.83

FKICX vs. HFCGX - Sharpe Ratio Comparison

The current FKICX Sharpe Ratio is 1.40, which is comparable to the HFCGX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FKICX and HFCGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FKICX vs. HFCGX - Drawdown Comparison

The maximum FKICX drawdown since its inception was -58.55%, smaller than the maximum HFCGX drawdown of -62.35%. Use the drawdown chart below to compare losses from any high point for FKICX and HFCGX.

Drawdown Indicators

	FKICX	HFCGX	Difference
Max Drawdown Largest peak-to-trough decline	-58.55%	-62.35%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-7.82%	-4.60%
Max Drawdown (3Y) Largest decline over 3 years	-58.55%	-22.86%	-35.69%
Max Drawdown (5Y) Largest decline over 5 years	-58.55%	-26.30%	-32.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.22%	—
Current Drawdown Current decline from peak	-33.06%	-4.09%	-28.97%
Average Drawdown Average peak-to-trough decline	-15.45%	-15.17%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	2.81%	+0.92%

Volatility

FKICX vs. HFCGX - Volatility Comparison

The current volatility for Fidelity Small Cap Stock K6 Fund (FKICX) is 6.12%, while Hennessy Cornerstone Growth Fund (HFCGX) has a volatility of 6.56%. This indicates that FKICX 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.

Volatility by Period

	FKICX	HFCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	6.56%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	11.96%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	14.57%	+5.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.46%	23.87%	+27.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.93%	25.88%	+15.05%

FKICX vs. HFCGX - Expense Ratio Comparison

FKICX has a 0.60% expense ratio, which is lower than HFCGX's 1.34% expense ratio.

Dividends

FKICX vs. HFCGX - Dividend Comparison

FKICX's dividend yield for the trailing twelve months is around 15.28%, while HFCGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKICX Fidelity Small Cap Stock K6 Fund	15.28%	23.64%	106.70%	0.16%	9.77%	24.10%	0.27%	0.81%	5.50%	0.56%	0.00%	0.00%
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

Can I hold both FKICX and HFCGX in my portfolio?

FKICX and HFCGX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FKICX or HFCGX?

HFCGX has higher volatility (6.56%) compared to FKICX (6.12%). In terms of maximum drawdown, FKICX dropped -58.55% vs HFCGX's -62.35%.

Which has better risk-adjusted returns?

FKICX currently has the higher Sharpe Ratio (1.40 vs 1.28), 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.