HFCVX vs. PEY
Compare and contrast key facts about Hennessy Cornerstone Value Fund (HFCVX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
HFCVX is managed by Hennessy. It was launched on Nov 1, 1996. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFCVX or PEY.
Key characteristics
| HFCVX | PEY | |
|---|---|---|
| YTD Return | 14.15% | 8.45% |
| 1Y Return | 24.34% | 24.08% |
| 3Y Return (Ann) | 6.57% | 6.90% |
| 5Y Return (Ann) | 7.02% | 8.38% |
| 10Y Return (Ann) | 4.39% | 9.62% |
| Sharpe Ratio | 2.30 | 1.45 |
| Sortino Ratio | 3.29 | 2.20 |
| Omega Ratio | 1.41 | 1.26 |
| Calmar Ratio | 1.78 | 1.83 |
| Martin Ratio | 16.03 | 5.47 |
| Ulcer Index | 1.46% | 4.15% |
| Daily Std Dev | 10.17% | 15.69% |
| Max Drawdown | -65.76% | -72.82% |
| Current Drawdown | -0.23% | -1.16% |
Correlation
The correlation between HFCVX and PEY is 0.84, 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
HFCVX vs. PEY - Performance Comparison
In the year-to-date period, HFCVX achieves a 14.15% return, which is significantly higher than PEY's 8.45% return. Over the past 10 years, HFCVX has underperformed PEY with an annualized return of 4.39%, while PEY has yielded a comparatively higher 9.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFCVX vs. PEY - Expense Ratio Comparison
HFCVX has a 1.23% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
HFCVX vs. PEY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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
HFCVX vs. PEY - Dividend Comparison
HFCVX's dividend yield for the trailing twelve months is around 3.13%, less than PEY's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 3.13% | 3.57% | 2.67% | 2.62% | 2.58% | 2.69% | 2.68% | 2.11% | 2.26% | 2.57% | 2.23% | 2.53% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.61% | 4.58% | 4.21% | 3.82% | 4.30% | 3.79% | 4.34% | 3.22% | 3.12% | 3.44% | 3.24% | 3.27% |
Drawdowns
HFCVX vs. PEY - Drawdown Comparison
The maximum HFCVX drawdown since its inception was -65.76%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for HFCVX and PEY. For additional features, visit the drawdowns tool.
Volatility
HFCVX vs. PEY - Volatility Comparison
The current volatility for Hennessy Cornerstone Value Fund (HFCVX) is 2.80%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.03%. This indicates that HFCVX experiences smaller price fluctuations and is considered to be less risky than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.