HFCGX vs. SPY
Compare and contrast key facts about Hennessy Cornerstone Growth Fund (HFCGX) and SPDR S&P 500 ETF (SPY).
HFCGX is managed by Hennessy. It was launched on Nov 1, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFCGX or SPY.
Correlation
The correlation between HFCGX and SPY is 0.77, 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. SPY - Performance Comparison
Key characteristics
HFCGX:
-0.21
SPY:
0.54
HFCGX:
-0.10
SPY:
0.89
HFCGX:
0.99
SPY:
1.13
HFCGX:
-0.19
SPY:
0.58
HFCGX:
-0.46
SPY:
2.39
HFCGX:
12.98%
SPY:
4.51%
HFCGX:
28.00%
SPY:
20.07%
HFCGX:
-71.42%
SPY:
-55.19%
HFCGX:
-24.74%
SPY:
-10.54%
Returns By Period
In the year-to-date period, HFCGX achieves a -6.91% return, which is significantly lower than SPY's -6.44% return. Over the past 10 years, HFCGX has underperformed SPY with an annualized return of 4.29%, while SPY has yielded a comparatively higher 11.95% annualized return.
HFCGX
-6.91%
-5.37%
-16.50%
-8.15%
17.18%
4.29%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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HFCGX vs. SPY - Expense Ratio Comparison
HFCGX has a 1.34% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HFCGX vs. SPY — Risk-Adjusted Performance Rank
HFCGX
SPY
HFCGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Growth Fund (HFCGX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HFCGX's dividend yield for the trailing twelve months is around 0.13%, less than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 0.13% | 0.13% | 0.38% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HFCGX vs. SPY - Drawdown Comparison
The maximum HFCGX drawdown since its inception was -71.42%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HFCGX and SPY. For additional features, visit the drawdowns tool.
Volatility
HFCGX vs. SPY - Volatility Comparison
The current volatility for Hennessy Cornerstone Growth Fund (HFCGX) is 14.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that HFCGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.