HFCVX vs. SWLVX

Last updated Jun 4, 2026

HFCVX (Hennessy Cornerstone Value Fund) and SWLVX (Schwab U.S. Large-Cap Value Index Fund) are both Large Cap Value Equities funds. Over the past 5 years, HFCVX returned 11.74%/yr vs 10.43%/yr for SWLVX. Their correlation of 0.89 suggests significant overlap in exposure. HFCVX charges 1.23%/yr vs 0.04%/yr for SWLVX.

Performance

HFCVX vs. SWLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Cornerstone Value Fund (HFCVX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HFCVX having a 13.70% return and SWLVX slightly higher at 14.27%.

HFCVX

• 1D: 0.88%
• 1M: 2.10%
• YTD: 13.70%
• 6M: 14.88%
• 1Y: 26.29%
• 3Y*: 16.75%
• 5Y*: 11.74%
• 10Y*: 11.15%

SWLVX

• 1D: 0.81%
• 1M: 4.26%
• YTD: 14.27%
• 6M: 14.87%
• 1Y: 28.30%
• 3Y*: 18.58%
• 5Y*: 10.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFCVX vs. SWLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFCVX Hennessy Cornerstone Value Fund	13.70%	18.27%	9.59%	5.81%	6.12%	29.94%	-6.39%	20.84%	-9.50%	1.30%
SWLVX Schwab U.S. Large-Cap Value Index Fund	14.27%	15.87%	14.36%	11.45%	-7.61%	25.15%	2.64%	26.49%	-8.39%	0.30%

Correlation

The correlation between HFCVX and SWLVX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.89

Over the past year, the correlation between HFCVX and SWLVX has dropped to 0.67 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

HFCVX vs. SWLVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFCVX

HFCVX Risk / Return Rank: 89
HFCVX Sharpe Ratio Rank: 89
HFCVX Sortino Ratio Rank: 88
HFCVX Omega Ratio Rank: 77
HFCVX Calmar Ratio Rank: 97
HFCVX Martin Ratio Rank: 94

SWLVX

SWLVX Risk / Return Rank: 83
SWLVX Sharpe Ratio Rank: 84
SWLVX Sortino Ratio Rank: 81
SWLVX Omega Ratio Rank: 75
SWLVX Calmar Ratio Rank: 88
SWLVX Martin Ratio Rank: 90

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. SWLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) and Schwab U.S. Large-Cap Value Index Fund (SWLVX). 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	SWLVX	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.70	+0.21
Sortino ratio: Return per unit of downside risk	4.22	3.81	+0.41
Omega ratio: Gain probability vs. loss probability	1.51	1.49	+0.02
Calmar ratio: Return relative to maximum drawdown	7.07	4.28	+2.80
Martin ratio: Return relative to average drawdown	21.66	17.99	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFCVX vs. SWLVX - Sharpe Ratio Comparison

The current HFCVX Sharpe Ratio is 2.91, which is comparable to the SWLVX Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of HFCVX and SWLVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HFCVX	SWLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.70	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.71	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.57	-0.16

Drawdowns

HFCVX vs. SWLVX - Drawdown Comparison

The maximum HFCVX drawdown since its inception was -65.75%, which is greater than SWLVX's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for HFCVX and SWLVX.

Drawdown Indicators

	HFCVX	SWLVX	Difference
Max Drawdown Largest peak-to-trough decline	-65.75%	-38.34%	-27.41%
Max Drawdown (1Y) Largest decline over 1 year	-3.77%	-6.82%	+3.05%
Max Drawdown (3Y) Largest decline over 3 years	-11.32%	-15.61%	+4.29%
Max Drawdown (5Y) Largest decline over 5 years	-16.81%	-19.05%	+2.24%
Max Drawdown (10Y) Largest decline over 10 years	-39.39%	—	—
Current Drawdown Current decline from peak	-1.29%	0.00%	-1.29%
Average Drawdown Average peak-to-trough decline	-8.24%	-4.84%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	1.62%	-0.39%

Volatility

HFCVX vs. SWLVX - Volatility Comparison

The current volatility for Hennessy Cornerstone Value Fund (HFCVX) is 2.79%, while Schwab U.S. Large-Cap Value Index Fund (SWLVX) has a volatility of 3.09%. This indicates that HFCVX experiences smaller price fluctuations and is considered to be less risky than SWLVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFCVX	SWLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.09%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	6.85%	8.19%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	9.16%	10.79%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	14.86%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	18.56%	-2.10%

HFCVX vs. SWLVX - Expense Ratio Comparison

HFCVX has a 1.23% expense ratio, which is higher than SWLVX's 0.04% expense ratio.

Dividends

HFCVX vs. SWLVX - Dividend Comparison

HFCVX's dividend yield for the trailing twelve months is around 6.50%, more than SWLVX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFCVX Hennessy Cornerstone Value Fund	6.50%	7.39%	4.56%	3.57%	10.33%	4.81%	2.58%	6.58%	17.16%	14.97%	2.26%	2.57%
SWLVX Schwab U.S. Large-Cap Value Index Fund	1.77%	2.02%	2.75%	2.56%	2.29%	4.86%	2.00%	4.35%	1.87%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HFCVX and SWLVX in my portfolio?

HFCVX and SWLVX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFCVX or SWLVX?

SWLVX has higher volatility (3.09%) compared to HFCVX (2.79%). In terms of maximum drawdown, HFCVX dropped -65.75% vs SWLVX's -38.34%.

Which has better risk-adjusted returns?

HFCVX currently has the higher Sharpe Ratio (2.91 vs 2.70), 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.