HFCVX vs. FALAX
Compare and contrast key facts about Hennessy Cornerstone Value Fund (HFCVX) and Fidelity Advisor Large Cap Fund Class A (FALAX).
HFCVX is managed by Hennessy. It was launched on Nov 1, 1996. FALAX is managed by Fidelity. It was launched on Sep 3, 1996.
Performance
HFCVX vs. FALAX - Performance Comparison
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HFCVX vs. FALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 8.31% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -9.50% | 19.21% |
FALAX Fidelity Advisor Large Cap Fund Class A | 0.00% | 19.36% | 26.05% | 23.16% | -8.16% | 25.49% | 8.56% | 31.37% | -8.64% | 16.87% |
Returns By Period
Over the past 10 years, HFCVX has underperformed FALAX with an annualized return of 10.76%, while FALAX has yielded a comparatively higher 14.35% annualized return.
HFCVX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- 8.31%
- 6M
- 12.62%
- 1Y
- 17.31%
- 3Y*
- 14.42%
- 5Y*
- 12.27%
- 10Y*
- 10.76%
FALAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.16%
- 1Y
- 22.36%
- 3Y*
- 20.31%
- 5Y*
- 13.75%
- 10Y*
- 14.35%
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HFCVX vs. FALAX - Expense Ratio Comparison
HFCVX has a 1.23% expense ratio, which is higher than FALAX's 0.80% expense ratio.
Return for Risk
HFCVX vs. FALAX — Risk / Return Rank
HFCVX
FALAX
HFCVX vs. FALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) and Fidelity Advisor Large Cap Fund Class A (FALAX). 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.
| HFCVX | FALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.46 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.08 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.14 | +0.43 |
Martin ratioReturn relative to average drawdown | 6.83 | 4.62 | +2.21 |
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
| HFCVX | FALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.46 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.85 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.46 | -0.06 |
Correlation
The correlation between HFCVX and FALAX is 0.83, 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
HFCVX vs. FALAX - Dividend Comparison
HFCVX's dividend yield for the trailing twelve months is around 6.83%, more than FALAX's 6.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 6.83% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
FALAX Fidelity Advisor Large Cap Fund Class A | 6.03% | 6.03% | 6.33% | 3.46% | 2.21% | 6.69% | 5.50% | 8.65% | 17.32% | 6.41% | 2.11% | 3.02% |
Drawdowns
HFCVX vs. FALAX - Drawdown Comparison
The maximum HFCVX drawdown since its inception was -65.75%, roughly equal to the maximum FALAX drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for HFCVX and FALAX.
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Drawdown Indicators
| HFCVX | FALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -63.41% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -12.28% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -21.62% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -37.55% | -1.84% |
Current DrawdownCurrent decline from peak | -2.27% | -4.19% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -14.00% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.92% | -1.32% |
Volatility
HFCVX vs. FALAX - Volatility Comparison
Hennessy Cornerstone Value Fund (HFCVX) has a higher volatility of 2.92% compared to Fidelity Advisor Large Cap Fund Class A (FALAX) at 0.00%. This indicates that HFCVX's price experiences larger fluctuations and is considered to be riskier than FALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFCVX | FALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 0.00% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.80% | 5.85% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 17.18% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 16.55% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 18.63% | -2.15% |