HFCSX vs. BQMGX
HFCSX (Hennessy Focus Fund) and BQMGX (Bright Rock Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, HFCSX returned 10.49%/yr vs 8.98%/yr for BQMGX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. HFCSX charges 1.49%/yr vs 1.07%/yr for BQMGX.
Performance
HFCSX vs. BQMGX - Performance Comparison
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Returns By Period
In the year-to-date period, HFCSX achieves a -0.54% return, which is significantly lower than BQMGX's 1.02% return. Over the past 10 years, HFCSX has outperformed BQMGX with an annualized return of 10.49%, while BQMGX has yielded a comparatively lower 8.98% annualized return.
HFCSX
- 1D
- 0.14%
- 1M
- -8.31%
- 6M
- -8.70%
- YTD
- -0.54%
- 1Y
- 8.57%
- 3Y*
- 15.13%
- 5Y*
- 7.20%
- 10Y*
- 10.49%
- ALL TIME*
- 9.40%
BQMGX
- 1D
- 0.34%
- 1M
- 0.46%
- 6M
- -0.54%
- YTD
- 1.02%
- 1Y
- -1.20%
- 3Y*
- 4.86%
- 5Y*
- 2.47%
- 10Y*
- 8.98%
- ALL TIME*
- 9.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
HFCSX Hennessy Focus Fund | $0.00 | $0.00 | $0.00 |
HFCSX vs. BQMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFCSX Hennessy Focus Fund | -0.54% | 28.30% | 14.67% | 20.99% | -24.92% | 32.04% | 5.47% | 34.96% | -10.93% | 19.27% |
BQMGX Bright Rock Mid Cap Growth Fund | 1.02% | -0.29% | 14.16% | 13.00% | -19.44% | 23.02% | 19.62% | 32.05% | -6.68% | 22.16% |
Correlation
The correlation between HFCSX and BQMGX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 26, 2010 | 0.78 |
Over the past year, the correlation between HFCSX and BQMGX has dropped to 0.40 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
HFCSX vs. BQMGX — Risk / Return Rank
HFCSX
BQMGX
HFCSX vs. BQMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Focus Fund (HFCSX) and Bright Rock Mid Cap Growth Fund (BQMGX). 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.
| HFCSX | BQMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.98 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.20 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.78 | -0.42 | +1.20 |
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Drawdowns
HFCSX vs. BQMGX - Drawdown Comparison
The maximum HFCSX drawdown since its inception was -59.41%, which is greater than BQMGX's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for HFCSX and BQMGX.
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Drawdown Indicators
| HFCSX | BQMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.41% | -36.05% | -23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -19.90% | -11.62% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -18.72% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -25.92% | -7.21% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -36.05% | -11.02% |
Current DrawdownCurrent decline from peak | -14.46% | -5.13% | -9.33% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -5.88% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.10% | 5.51% | +3.59% |
Volatility
HFCSX vs. BQMGX - Volatility Comparison
Hennessy Focus Fund (HFCSX) has a higher volatility of 5.85% compared to Bright Rock Mid Cap Growth Fund (BQMGX) at 3.29%. This indicates that HFCSX's price experiences larger fluctuations and is considered to be riskier than BQMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFCSX | BQMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 3.29% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 20.71% | 9.38% | +11.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.63% | 12.41% | +17.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 16.85% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 17.92% | +4.92% |
HFCSX vs. BQMGX - Expense Ratio Comparison
HFCSX has a 1.49% expense ratio, which is higher than BQMGX's 1.07% expense ratio.
Dividends
HFCSX vs. BQMGX - Dividend Comparison
HFCSX's dividend yield for the trailing twelve months is around 48.72%, more than BQMGX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | 4.08% | 4.12% | 5.99% | 0.00% | 5.90% | 8.05% | 5.27% | 3.50% | 0.00% | 0.08% | 1.07% | 5.80% |
HFCSX Hennessy Focus Fund | 48.72% | 48.46% | 15.94% | 24.51% | 15.15% | 17.19% | 35.80% | 10.78% | 22.20% | 0.01% | 0.00% | 0.20% |
Frequently Asked Questions
HFCSX and BQMGX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFCSX has higher volatility (5.85%) compared to BQMGX (3.29%). In terms of maximum drawdown, HFCSX dropped -59.41% vs BQMGX's -36.05%.
HFCSX currently has the higher Sharpe Ratio (0.24 vs -0.19), 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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