HBFBX vs. IOEZX
Compare and contrast key facts about Hennessy Balanced Fund (HBFBX) and ICON Equity Income Fund (IOEZX).
HBFBX is managed by Hennessy. It was launched on Mar 7, 1996. IOEZX is managed by ICON Funds. It was launched on May 9, 2004.
Performance
HBFBX vs. IOEZX - Performance Comparison
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HBFBX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBFBX Hennessy Balanced Fund | 3.41% | 9.90% | 4.81% | 7.62% | 3.83% | 8.07% | -2.98% | 9.71% | 0.06% | 8.34% |
IOEZX ICON Equity Income Fund | 8.64% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Returns By Period
In the year-to-date period, HBFBX achieves a 3.41% return, which is significantly lower than IOEZX's 8.64% return. Over the past 10 years, HBFBX has underperformed IOEZX with an annualized return of 5.81%, while IOEZX has yielded a comparatively higher 8.27% annualized return.
HBFBX
- 1D
- 0.00%
- 1M
- -2.54%
- YTD
- 3.41%
- 6M
- 7.04%
- 1Y
- 8.57%
- 3Y*
- 8.37%
- 5Y*
- 6.18%
- 10Y*
- 5.81%
IOEZX
- 1D
- -0.67%
- 1M
- -4.99%
- YTD
- 8.64%
- 6M
- 12.25%
- 1Y
- 19.34%
- 3Y*
- 11.13%
- 5Y*
- 4.83%
- 10Y*
- 8.27%
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HBFBX vs. IOEZX - Expense Ratio Comparison
HBFBX has a 0.49% expense ratio, which is lower than IOEZX's 1.00% expense ratio.
Return for Risk
HBFBX vs. IOEZX — Risk / Return Rank
HBFBX
IOEZX
HBFBX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Balanced Fund (HBFBX) and ICON Equity Income Fund (IOEZX). 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.
| HBFBX | IOEZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.28 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.84 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.62 | +0.11 |
Martin ratioReturn relative to average drawdown | 6.32 | 6.69 | -0.38 |
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
| HBFBX | IOEZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.28 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.35 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.50 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.39 | +0.08 |
Correlation
The correlation between HBFBX and IOEZX is 0.81, 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
HBFBX vs. IOEZX - Dividend Comparison
HBFBX's dividend yield for the trailing twelve months is around 1.40%, less than IOEZX's 2.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBFBX Hennessy Balanced Fund | 1.40% | 1.90% | 5.40% | 4.62% | 9.50% | 3.79% | 0.95% | 5.20% | 5.51% | 7.62% | 7.76% | 2.53% |
IOEZX ICON Equity Income Fund | 2.50% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
Drawdowns
HBFBX vs. IOEZX - Drawdown Comparison
The maximum HBFBX drawdown since its inception was -41.61%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for HBFBX and IOEZX.
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Drawdown Indicators
| HBFBX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.61% | -56.15% | +14.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -11.71% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -10.22% | -21.47% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -17.24% | -38.12% | +20.88% |
Current DrawdownCurrent decline from peak | -2.54% | -4.99% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -8.64% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.84% | -1.40% |
Volatility
HBFBX vs. IOEZX - Volatility Comparison
The current volatility for Hennessy Balanced Fund (HBFBX) is 1.41%, while ICON Equity Income Fund (IOEZX) has a volatility of 4.25%. This indicates that HBFBX experiences smaller price fluctuations and is considered to be less risky than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBFBX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 4.25% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 8.69% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 15.56% | -8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.24% | 13.90% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.13% | 16.44% | -8.31% |