HFCGX vs. PEY
Compare and contrast key facts about Hennessy Cornerstone Growth Fund (HFCGX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
HFCGX is managed by Hennessy. It was launched on Nov 1, 1996. PEY is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Dividend Achievers 50 Index. It was launched on Dec 9, 2004.
Performance
HFCGX vs. PEY - Performance Comparison
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HFCGX vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 1.53% | 4.78% | 31.45% | 19.58% | -4.97% | 29.94% | 17.73% | 20.70% | -21.39% | 16.60% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.88% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
Returns By Period
In the year-to-date period, HFCGX achieves a 1.53% return, which is significantly lower than PEY's 5.88% return. Over the past 10 years, HFCGX has outperformed PEY with an annualized return of 11.28%, while PEY has yielded a comparatively lower 8.63% annualized return.
HFCGX
- 1D
- 1.53%
- 1M
- -4.49%
- YTD
- 1.53%
- 6M
- 3.64%
- 1Y
- 10.87%
- 3Y*
- 19.36%
- 5Y*
- 11.46%
- 10Y*
- 11.28%
PEY
- 1D
- -0.32%
- 1M
- -0.81%
- YTD
- 5.88%
- 6M
- 3.22%
- 1Y
- 4.59%
- 3Y*
- 7.32%
- 5Y*
- 5.59%
- 10Y*
- 8.63%
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HFCGX vs. PEY - Expense Ratio Comparison
HFCGX has a 1.34% expense ratio, which is higher than PEY's 0.54% expense ratio.
Return for Risk
HFCGX vs. PEY — Risk / Return Rank
HFCGX
PEY
HFCGX vs. PEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Growth Fund (HFCGX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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.
| HFCGX | PEY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.26 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.05 | 0.49 | +0.56 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.06 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.33 | +0.58 |
Martin ratioReturn relative to average drawdown | 3.90 | 0.98 | +2.92 |
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
| HFCGX | PEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.26 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.34 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.46 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.27 | +0.10 |
Correlation
The correlation between HFCGX and PEY is 0.70, 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
HFCGX vs. PEY - Dividend Comparison
HFCGX has not paid dividends to shareholders, while PEY's dividend yield for the trailing twelve months is around 4.68%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.68% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Drawdowns
HFCGX vs. PEY - Drawdown Comparison
The maximum HFCGX drawdown since its inception was -62.35%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for HFCGX and PEY.
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Drawdown Indicators
| HFCGX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.35% | -72.81% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -13.28% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -17.90% | -8.40% |
Max Drawdown (10Y)Largest decline over 10 years | -54.22% | -41.55% | -12.67% |
Current DrawdownCurrent decline from peak | -5.13% | -3.71% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -12.97% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 4.45% | -1.32% |
Volatility
HFCGX vs. PEY - Volatility Comparison
Hennessy Cornerstone Growth Fund (HFCGX) has a higher volatility of 5.03% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 3.24%. This indicates that HFCGX's price experiences larger fluctuations and is considered to be riskier than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFCGX | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 3.24% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 9.86% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 17.84% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.54% | 16.38% | +8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.79% | 18.90% | +6.89% |