GRSPX vs. HDOGX
GRSPX (Greenspring Fund) and HDOGX (Hennessy Total Return Fund) are both Diversified Portfolio funds. Over the past 10 years, GRSPX returned 9.54%/yr vs 6.74%/yr for HDOGX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. GRSPX charges 1.09%/yr vs 1.77%/yr for HDOGX.
Performance
GRSPX vs. HDOGX - Performance Comparison
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Returns By Period
In the year-to-date period, GRSPX achieves a 16.72% return, which is significantly higher than HDOGX's 8.31% return. Over the past 10 years, GRSPX has outperformed HDOGX with an annualized return of 9.54%, while HDOGX has yielded a comparatively lower 6.74% annualized return.
GRSPX
- 1D
- 1.49%
- 1M
- -2.92%
- 6M
- 9.85%
- YTD
- 16.72%
- 1Y
- 17.69%
- 3Y*
- 13.59%
- 5Y*
- 9.20%
- 10Y*
- 9.54%
- ALL TIME*
- 7.77%
HDOGX
- 1D
- -0.64%
- 1M
- 0.97%
- 6M
- 5.34%
- YTD
- 8.31%
- 1Y
- 16.26%
- 3Y*
- 10.22%
- 5Y*
- 8.44%
- 10Y*
- 6.74%
- ALL TIME*
- 5.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRSPX Greenspring Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GRSPX vs. HDOGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 16.72% | 6.12% | 15.53% | 11.95% | -8.62% | 26.89% | 3.81% | 20.84% | -10.21% | 7.84% |
HDOGX Hennessy Total Return Fund | 8.31% | 14.31% | 2.89% | 8.07% | 6.68% | 11.80% | -4.79% | 12.56% | 0.08% | 11.15% |
Correlation
The correlation between GRSPX and HDOGX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 1998 | 0.65 |
Over the past year, the correlation between GRSPX and HDOGX has dropped to 0.11 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
GRSPX vs. HDOGX — Risk / Return Rank
GRSPX
HDOGX
GRSPX vs. HDOGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenspring Fund (GRSPX) and Hennessy Total Return Fund (HDOGX). 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.
| GRSPX | HDOGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.71 | -2.12 |
| Martin ratioReturn relative to average drawdown | 5.43 | 5.99 | -0.56 |
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Drawdowns
GRSPX vs. HDOGX - Drawdown Comparison
The maximum GRSPX drawdown since its inception was -35.67%, smaller than the maximum HDOGX drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for GRSPX and HDOGX.
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Drawdown Indicators
| GRSPX | HDOGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -53.25% | +17.58% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -5.67% | -24.74% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -7.97% | -22.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -14.84% | -15.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.07% | -25.37% | -9.70% |
Current DrawdownCurrent decline from peak | -5.53% | -1.21% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -6.80% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.57% | +0.71% |
Volatility
GRSPX vs. HDOGX - Volatility Comparison
Greenspring Fund (GRSPX) has a higher volatility of 3.95% compared to Hennessy Total Return Fund (HDOGX) at 3.75%. This indicates that GRSPX's price experiences larger fluctuations and is considered to be riskier than HDOGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRSPX | HDOGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.75% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 51.00% | 6.73% | +44.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.07% | 8.52% | +47.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.20% | 10.17% | +18.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 11.73% | +10.80% |
GRSPX vs. HDOGX - Expense Ratio Comparison
GRSPX has a 1.09% expense ratio, which is lower than HDOGX's 1.77% expense ratio.
Dividends
GRSPX vs. HDOGX - Dividend Comparison
GRSPX's dividend yield for the trailing twelve months is around 8.06%, more than HDOGX's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 8.06% | 9.40% | 6.70% | 6.84% | 8.04% | 7.69% | 2.39% | 7.89% | 11.05% | 9.63% | 6.81% | 5.34% |
HDOGX Hennessy Total Return Fund | 2.01% | 2.17% | 3.80% | 7.55% | 11.88% | 1.35% | 8.29% | 1.72% | 4.91% | 12.76% | 1.17% | 11.07% |
Frequently Asked Questions
GRSPX and HDOGX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRSPX has higher volatility (3.95%) compared to HDOGX (3.75%). In terms of maximum drawdown, GRSPX dropped -35.67% vs HDOGX's -53.25%.
HDOGX currently has the higher Sharpe Ratio (1.81 vs 0.32), 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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