HFCGX vs. DXJ
Compare and contrast key facts about Hennessy Cornerstone Growth Fund (HFCGX) and WisdomTree Japan Hedged Equity Fund (DXJ).
HFCGX is managed by Hennessy. It was launched on Nov 1, 1996. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFCGX or DXJ.
Key characteristics
| HFCGX | DXJ | |
|---|---|---|
| YTD Return | 29.82% | 16.00% |
| 1Y Return | 40.31% | 13.13% |
| 3Y Return (Ann) | 17.34% | 19.79% |
| 5Y Return (Ann) | 19.78% | 18.34% |
| 10Y Return (Ann) | 9.98% | 11.04% |
| Sharpe Ratio | 1.79 | 0.72 |
| Daily Std Dev | 22.29% | 20.34% |
| Max Drawdown | -62.35% | -49.63% |
| Current Drawdown | -1.36% | -13.80% |
Correlation
The correlation between HFCGX and DXJ is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HFCGX vs. DXJ - Performance Comparison
In the year-to-date period, HFCGX achieves a 29.82% return, which is significantly higher than DXJ's 16.00% return. Over the past 10 years, HFCGX has underperformed DXJ with an annualized return of 9.98%, while DXJ has yielded a comparatively higher 11.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFCGX vs. DXJ - Expense Ratio Comparison
HFCGX has a 1.34% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
HFCGX vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Growth Fund (HFCGX) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
Dividends
HFCGX vs. DXJ - Dividend Comparison
HFCGX's dividend yield for the trailing twelve months is around 0.29%, less than DXJ's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 0.29% | 0.38% | 3.58% | 26.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.00% | 0.00% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.41% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
HFCGX vs. DXJ - Drawdown Comparison
The maximum HFCGX drawdown since its inception was -62.35%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for HFCGX and DXJ. For additional features, visit the drawdowns tool.
Volatility
HFCGX vs. DXJ - Volatility Comparison
Hennessy Cornerstone Growth Fund (HFCGX) has a higher volatility of 7.23% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 6.82%. This indicates that HFCGX's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.