HFCGX vs. GABSX
HFCGX (Hennessy Cornerstone Growth Fund) and GABSX (Gabelli Small Cap Growth Fund) are both Small Cap Blend Equities funds. Over the past 10 years, HFCGX returned 11.94%/yr vs 10.52%/yr for GABSX. Their correlation of 0.86 means they have usually moved in the same direction. HFCGX charges 1.34%/yr vs 1.38%/yr for GABSX.
Performance
HFCGX vs. GABSX - Performance Comparison
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Returns By Period
In the year-to-date period, HFCGX achieves a 12.44% return, which is significantly lower than GABSX's 14.32% return. Over the past 10 years, HFCGX has outperformed GABSX with an annualized return of 11.94%, while GABSX has yielded a comparatively lower 10.52% annualized return.
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%
GABSX
- 1D
- 0.72%
- 1M
- 0.27%
- 6M
- 8.49%
- YTD
- 14.32%
- 1Y
- 22.80%
- 3Y*
- 12.64%
- 5Y*
- 9.12%
- 10Y*
- 10.52%
- ALL TIME*
- 11.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HFCGX vs. GABSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 12.44% | 4.78% | 31.45% | 19.58% | -4.97% | 29.94% | 17.73% | 20.70% | -21.39% | 16.60% |
GABSX Gabelli Small Cap Growth Fund | 14.32% | 8.65% | 10.22% | 21.45% | -12.63% | 24.82% | 13.63% | 21.56% | -15.25% | 19.05% |
Correlation
The correlation between HFCGX and GABSX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 1996 | 0.86 |
The correlation between HFCGX and GABSX shifts across timeframes, from 0.67 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HFCGX vs. GABSX — Risk / Return Rank
HFCGX
GABSX
HFCGX vs. GABSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Growth Fund (HFCGX) and Gabelli Small Cap Growth Fund (GABSX). 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.
| HFCGX | GABSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.85 | +0.54 |
| Martin ratioReturn relative to average drawdown | 6.64 | 6.09 | +0.55 |
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Drawdowns
HFCGX vs. GABSX - Drawdown Comparison
The maximum HFCGX drawdown since its inception was -62.35%, which is greater than GABSX's maximum drawdown of -57.24%. Use the drawdown chart below to compare losses from any high point for HFCGX and GABSX.
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Drawdown Indicators
| HFCGX | GABSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.35% | -57.24% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -11.45% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -22.86% | -23.43% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -25.19% | -1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -54.22% | -40.74% | -13.48% |
Current DrawdownCurrent decline from peak | -4.09% | -2.10% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -6.95% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.48% | -0.67% |
Volatility
HFCGX vs. GABSX - Volatility Comparison
Hennessy Cornerstone Growth Fund (HFCGX) has a higher volatility of 6.56% compared to Gabelli Small Cap Growth Fund (GABSX) at 4.50%. This indicates that HFCGX's price experiences larger fluctuations and is considered to be riskier than GABSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFCGX | GABSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 4.50% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 12.53% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 16.77% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.87% | 19.08% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 19.98% | +5.90% |
HFCGX vs. GABSX - Expense Ratio Comparison
HFCGX has a 1.34% expense ratio, which is lower than GABSX's 1.38% expense ratio.
Dividends
HFCGX vs. GABSX - Dividend Comparison
HFCGX has not paid dividends to shareholders, while GABSX's dividend yield for the trailing twelve months is around 3.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABSX Gabelli Small Cap Growth Fund | 3.48% | 3.98% | 6.61% | 8.68% | 9.53% | 13.50% | 22.21% | 21.36% | 4.70% | 5.38% | 3.87% | 3.78% |
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
HFCGX and GABSX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFCGX has higher volatility (6.56%) compared to GABSX (4.50%). In terms of maximum drawdown, HFCGX dropped -62.35% vs GABSX's -57.24%.
HFCGX currently has the higher Sharpe Ratio (1.28 vs 1.27), 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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