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 NASDAQ US Dividend Achievers 50 Index. It was launched on Dec 9, 2004.
Performance
HFCVX vs. PEY - Performance Comparison
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HFCVX vs. PEY - 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% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.88% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
Returns By Period
In the year-to-date period, HFCVX achieves a 9.21% return, which is significantly higher than PEY's 5.88% return. Over the past 10 years, HFCVX has outperformed PEY with an annualized return of 10.85%, while PEY has yielded a comparatively lower 8.63% 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%
PEY
- 1D
- -0.32%
- 1M
- -0.81%
- YTD
- 5.88%
- 6M
- 3.22%
- 1Y
- 4.59%
- 3Y*
- 7.32%
- 5Y*
- 5.59%
- 10Y*
- 8.63%
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HFCVX vs. PEY - Expense Ratio Comparison
HFCVX has a 1.23% expense ratio, which is higher than PEY's 0.54% expense ratio.
Return for Risk
HFCVX vs. PEY — Risk / Return Rank
HFCVX
PEY
HFCVX vs. PEY - Risk-Adjusted Trends 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.
| HFCVX | PEY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.26 | +1.19 |
Sortino ratioReturn per unit of downside risk | 1.95 | 0.49 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.06 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.33 | +1.39 |
Martin ratioReturn relative to average drawdown | 7.47 | 0.98 | +6.50 |
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 | PEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.26 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.34 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.46 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.27 | +0.13 |
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.
Dividends
HFCVX vs. PEY - Dividend Comparison
HFCVX's dividend yield for the trailing twelve months is around 6.77%, more than PEY's 4.68% 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% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.68% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Drawdowns
HFCVX vs. PEY - Drawdown Comparison
The maximum HFCVX drawdown since its inception was -65.75%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for HFCVX and PEY.
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Drawdown Indicators
| HFCVX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -72.81% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -13.28% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -17.90% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -39.39% | -41.55% | +2.16% |
Current DrawdownCurrent decline from peak | -1.46% | -3.71% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -12.97% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 4.45% | -1.84% |
Volatility
HFCVX vs. PEY - Volatility Comparison
The current volatility for Hennessy Cornerstone Value Fund (HFCVX) is 3.06%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 3.24%. 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.
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Volatility by Period
| HFCVX | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 3.24% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 9.86% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 17.84% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 16.38% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 18.90% | -2.42% |