PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HFCVX vs. FIDLX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HFCVX vs. FIDLX

Last updated Jun 24, 2026

HFCVX (Hennessy Cornerstone Value Fund) and FIDLX (Fidelity Advisor Large Cap Fund Class Z) are both Large Cap Value Equities funds. Over the past 5 years, HFCVX returned 11.87%/yr vs 12.40%/yr for FIDLX. Their correlation of 0.81 suggests significant overlap in exposure. HFCVX charges 1.23%/yr vs 0.42%/yr for FIDLX.

Performance

HFCVX vs. FIDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Cornerstone Value Fund (HFCVX) and Fidelity Advisor Large Cap Fund Class Z (FIDLX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HFCVX achieves a 11.85% return, which is significantly higher than FIDLX's 0.02% return.

HFCVX

1D
0.61%
1M
-2.88%
YTD
11.85%
6M
12.00%
1Y
22.15%
3Y*
15.78%
5Y*
11.87%
10Y*
11.25%

FIDLX

1D
0.00%
1M
0.02%
YTD
0.02%
6M
0.02%
1Y
10.54%
3Y*
19.43%
5Y*
12.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HFCVX vs. FIDLX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HFCVX
Hennessy Cornerstone Value Fund		11.85%18.27%9.59%5.81%6.12%29.94%-6.39%20.84%-9.50%17.00%
FIDLX
Fidelity Advisor Large Cap Fund Class Z		0.02%19.77%26.52%23.65%-7.81%25.99%8.97%31.90%-8.31%13.58%

Correlation

The correlation between HFCVX and FIDLX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Feb 9, 2017

0.81

Over the past year, the correlation between HFCVX and FIDLX has dropped to 0.17 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hennessy Cornerstone Value Fund

Fidelity Advisor Large Cap Fund Class Z

Often compared with HFCVX:
HFCVX vs. VFLOHFCVX vs. PEYHFCVX vs. DFUVXHFCVX vs. PSECXHFCVX vs. PQIAXHFCVX vs. COPLXHFCVX vs. VSMAX
Often compared with FIDLX:
FIDLX vs. VOOFIDLX vs. FGKFXFIDLX vs. VOOGFIDLX vs. JEPQFIDLX vs. VTIFIDLX vs. ^GSPCFIDLX vs. FXAIX

Return for Risk

HFCVX vs. FIDLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HFCVX
HFCVX Risk / Return Rank: 8181
Overall Rank
HFCVX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
HFCVX Sortino Ratio Rank: 7878
Sortino Ratio Rank
HFCVX Omega Ratio Rank: 6464
Omega Ratio Rank
HFCVX Calmar Ratio Rank: 9696
Calmar Ratio Rank
HFCVX Martin Ratio Rank: 9191
Martin Ratio Rank
FIDLX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFCVX vs. FIDLX - 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 Z (FIDLX). 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.

HFCVXFIDLXDifference
Sharpe ratioReturn per unit of total volatility
2.37
1.71

+0.66

Sortino ratioReturn per unit of downside risk
3.39
2.41

+0.98

Omega ratioGain probability vs. loss probability

1.41

1.46

-0.06

Calmar ratioReturn relative to maximum drawdown

5.89

2.73

+3.16

Martin ratioReturn relative to average drawdown

17.08

4.62

+12.47

HFCVX vs. FIDLX - Sharpe Ratio Comparison

The current HFCVX Sharpe Ratio is 2.37, which is higher than the FIDLX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of HFCVX and FIDLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HFCVX vs. FIDLX - Drawdown Comparison

The maximum HFCVX drawdown since its inception was -65.75%, which is greater than FIDLX's maximum drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for HFCVX and FIDLX.

Loading charts...

Drawdown Indicators

HFCVXFIDLXDifference

Max Drawdown

Largest peak-to-trough decline

-65.75%

-37.51%

-28.24%

Max Drawdown (1Y)

Largest decline over 1 year

-3.77%

-5.03%

+1.26%

Max Drawdown (3Y)

Largest decline over 3 years

-11.32%

-18.86%

+7.54%

Max Drawdown (5Y)

Largest decline over 5 years

-16.81%

-21.42%

+4.61%

Max Drawdown (10Y)

Largest decline over 10 years

-39.39%

—

—

Current Drawdown

Current decline from peak

-2.88%

-4.15%

+1.27%

Average Drawdown

Average peak-to-trough decline

-8.22%

-4.54%

-3.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.30%

2.80%

-1.50%

Volatility

HFCVX vs. FIDLX - Volatility Comparison

Hennessy Cornerstone Value Fund (HFCVX) has a higher volatility of 3.21% compared to Fidelity Advisor Large Cap Fund Class Z (FIDLX) at 0.02%. This indicates that HFCVX's price experiences larger fluctuations and is considered to be riskier than FIDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HFCVXFIDLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

0.02%

+3.19%

Volatility (6M)

Calculated over the trailing 6-month period

6.99%

4.11%

+2.88%

Volatility (1Y)

Calculated over the trailing 1-year period

9.39%

8.04%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.24%

16.43%

-3.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.46%

18.91%

-2.45%

HFCVX vs. FIDLX - Expense Ratio Comparison

HFCVX has a 1.23% expense ratio, which is higher than FIDLX's 0.42% expense ratio.

Dividends

HFCVX vs. FIDLX - Dividend Comparison

HFCVX's dividend yield for the trailing twelve months is around 6.61%, while FIDLX has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FIDLX
Fidelity Advisor Large Cap Fund Class Z		5.87%5.87%6.23%3.56%2.42%6.64%5.53%8.55%17.01%6.13%0.00%0.00%
HFCVX
Hennessy Cornerstone Value Fund		6.61%7.39%4.56%3.57%10.33%4.81%2.58%6.58%17.16%14.97%2.26%2.57%

Frequently Asked Questions

HFCVX and FIDLX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HFCVX has higher volatility (3.21%) compared to FIDLX (0.02%). In terms of maximum drawdown, HFCVX dropped -65.75% vs FIDLX's -37.51%.

HFCVX currently has the higher Sharpe Ratio (2.37 vs 1.71), 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.

Portfolio Optimizer

Find the right allocation for HFCVX and FIDLX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer