HFCGX vs. FTQGX
Compare and contrast key facts about Hennessy Cornerstone Growth Fund (HFCGX) and Fidelity Focused Stock Fund (FTQGX).
HFCGX is managed by Hennessy. It was launched on Nov 1, 1996. FTQGX is managed by Fidelity. It was launched on Nov 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFCGX or FTQGX.
Key characteristics
| HFCGX | FTQGX | |
|---|---|---|
| YTD Return | 29.82% | 29.45% |
| 1Y Return | 40.31% | 37.63% |
| 3Y Return (Ann) | 17.34% | 8.59% |
| 5Y Return (Ann) | 19.78% | 17.83% |
| 10Y Return (Ann) | 9.98% | 14.84% |
| Sharpe Ratio | 1.79 | 1.88 |
| Daily Std Dev | 22.29% | 19.87% |
| Max Drawdown | -62.35% | -61.00% |
| Current Drawdown | -1.36% | -4.37% |
Correlation
The correlation between HFCGX and FTQGX is 0.79, 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.
Performance
HFCGX vs. FTQGX - Performance Comparison
The year-to-date returns for both stocks are quite close, with HFCGX having a 29.82% return and FTQGX slightly lower at 29.45%. Over the past 10 years, HFCGX has underperformed FTQGX with an annualized return of 9.98%, while FTQGX has yielded a comparatively higher 14.84% 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. FTQGX - Expense Ratio Comparison
HFCGX has a 1.34% expense ratio, which is higher than FTQGX's 0.86% expense ratio.
Risk-Adjusted Performance
HFCGX vs. FTQGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Growth Fund (HFCGX) and Fidelity Focused Stock Fund (FTQGX). 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. FTQGX - Dividend Comparison
HFCGX's dividend yield for the trailing twelve months is around 0.29%, less than FTQGX's 0.47% 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% |
FTQGX Fidelity Focused Stock Fund | 0.47% | 0.61% | 7.96% | 13.53% | 11.41% | 5.07% | 14.71% | 6.34% | 1.08% | 6.16% | 10.44% | 5.74% |
Drawdowns
HFCGX vs. FTQGX - Drawdown Comparison
The maximum HFCGX drawdown since its inception was -62.35%, roughly equal to the maximum FTQGX drawdown of -61.00%. Use the drawdown chart below to compare losses from any high point for HFCGX and FTQGX. For additional features, visit the drawdowns tool.
Volatility
HFCGX vs. FTQGX - Volatility Comparison
Hennessy Cornerstone Growth Fund (HFCGX) has a higher volatility of 7.23% compared to Fidelity Focused Stock Fund (FTQGX) at 5.83%. This indicates that HFCGX's price experiences larger fluctuations and is considered to be riskier than FTQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.