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 0.76, 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:
0.11
SPY:
1.87
HFCGX:
0.30
SPY:
2.52
HFCGX:
1.04
SPY:
1.35
HFCGX:
0.14
SPY:
2.81
HFCGX:
0.33
SPY:
11.69
HFCGX:
8.14%
SPY:
2.02%
HFCGX:
24.40%
SPY:
12.65%
HFCGX:
-71.42%
SPY:
-55.19%
HFCGX:
-16.67%
SPY:
0.00%
Returns By Period
In the year-to-date period, HFCGX achieves a 3.08% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, HFCGX has underperformed SPY with an annualized return of 5.14%, while SPY has yielded a comparatively higher 13.23% annualized return.
HFCGX
3.08%
-1.26%
-5.76%
8.56%
10.09%
5.14%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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 0.12%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 0.12% | 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 | 1.15% | 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
Hennessy Cornerstone Growth Fund (HFCGX) has a higher volatility of 6.02% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that HFCGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.