HFCVX vs. HBFBX
Compare and contrast key facts about Hennessy Cornerstone Value Fund (HFCVX) and Hennessy Balanced Fund (HBFBX).
HFCVX is managed by Hennessy. It was launched on Nov 1, 1996. HBFBX is managed by Hennessy. It was launched on Mar 7, 1996.
Performance
HFCVX vs. HBFBX - Performance Comparison
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HFCVX vs. HBFBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 9.21% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -9.50% | 19.21% |
HBFBX Hennessy Balanced Fund | 3.41% | 9.90% | 4.81% | 7.62% | 3.83% | 8.07% | -2.98% | 9.71% | 0.06% | 8.34% |
Returns By Period
In the year-to-date period, HFCVX achieves a 9.21% return, which is significantly higher than HBFBX's 3.41% return. Over the past 10 years, HFCVX has outperformed HBFBX with an annualized return of 10.85%, while HBFBX has yielded a comparatively lower 5.81% annualized return.
HFCVX
- 1D
- 0.83%
- 1M
- -1.38%
- YTD
- 9.21%
- 6M
- 12.87%
- 1Y
- 18.71%
- 3Y*
- 14.74%
- 5Y*
- 12.33%
- 10Y*
- 10.85%
HBFBX
- 1D
- 0.00%
- 1M
- -2.17%
- YTD
- 3.41%
- 6M
- 6.17%
- 1Y
- 8.92%
- 3Y*
- 8.37%
- 5Y*
- 6.15%
- 10Y*
- 5.81%
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HFCVX vs. HBFBX - Expense Ratio Comparison
HFCVX has a 1.23% expense ratio, which is higher than HBFBX's 0.49% expense ratio.
Return for Risk
HFCVX vs. HBFBX — Risk / Return Rank
HFCVX
HBFBX
HFCVX vs. HBFBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) and Hennessy Balanced Fund (HBFBX). 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 | HBFBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.25 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.80 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.77 | -0.04 |
Martin ratioReturn relative to average drawdown | 7.47 | 6.40 | +1.07 |
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 | HBFBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.25 | +0.19 |
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 | 0.66 | 0.72 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.07 |
Correlation
The correlation between HFCVX and HBFBX is 0.87, 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. HBFBX - Dividend Comparison
HFCVX's dividend yield for the trailing twelve months is around 6.77%, more than HBFBX's 1.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 6.77% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
HBFBX Hennessy Balanced Fund | 1.40% | 1.90% | 5.40% | 4.62% | 9.50% | 3.79% | 0.95% | 5.20% | 5.51% | 7.62% | 7.76% | 2.53% |
Drawdowns
HFCVX vs. HBFBX - Drawdown Comparison
The maximum HFCVX drawdown since its inception was -65.75%, which is greater than HBFBX's maximum drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for HFCVX and HBFBX.
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Drawdown Indicators
| HFCVX | HBFBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -41.61% | -24.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -4.78% | -6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -10.22% | -6.59% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -17.24% | -22.15% |
Current DrawdownCurrent decline from peak | -1.46% | -2.54% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -4.07% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.45% | +1.16% |
Volatility
HFCVX vs. HBFBX - Volatility Comparison
Hennessy Cornerstone Value Fund (HFCVX) has a higher volatility of 3.06% compared to Hennessy Balanced Fund (HBFBX) at 1.39%. This indicates that HFCVX's price experiences larger fluctuations and is considered to be riskier than HBFBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFCVX | HBFBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.39% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 4.21% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 6.91% | +5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 7.24% | +6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 8.13% | +8.35% |