HFLGX vs. FXAIX
Compare and contrast key facts about Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Fidelity 500 Index Fund (FXAIX).
HFLGX is managed by Hennessy. It was launched on Mar 20, 2009. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFLGX or FXAIX.
Key characteristics
| HFLGX | FXAIX | |
|---|---|---|
| YTD Return | 7.71% | 18.98% |
| 1Y Return | 16.56% | 28.29% |
| 3Y Return (Ann) | 6.79% | 9.93% |
| 5Y Return (Ann) | 12.28% | 15.32% |
| 10Y Return (Ann) | 7.66% | 12.96% |
| Sharpe Ratio | 1.18 | 2.20 |
| Daily Std Dev | 13.98% | 12.70% |
| Max Drawdown | -46.15% | -33.79% |
| Current Drawdown | -2.83% | -0.61% |
Correlation
The correlation between HFLGX and FXAIX is 0.88, 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
HFLGX vs. FXAIX - Performance Comparison
In the year-to-date period, HFLGX achieves a 7.71% return, which is significantly lower than FXAIX's 18.98% return. Over the past 10 years, HFLGX has underperformed FXAIX with an annualized return of 7.66%, while FXAIX has yielded a comparatively higher 12.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HFLGX vs. FXAIX - Expense Ratio Comparison
HFLGX has a 1.29% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
HFLGX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Fidelity 500 Index Fund (FXAIX). 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
HFLGX vs. FXAIX - Dividend Comparison
HFLGX's dividend yield for the trailing twelve months is around 3.47%, more than FXAIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFLGX Hennessy Cornerstone Large Cap Growth Fund | 3.47% | 3.74% | 19.36% | 14.30% | 5.26% | 2.43% | 0.98% | 4.11% | 7.15% | 30.08% | 17.80% | 6.05% |
FXAIX Fidelity 500 Index Fund | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
HFLGX vs. FXAIX - Drawdown Comparison
The maximum HFLGX drawdown since its inception was -46.15%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for HFLGX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
HFLGX vs. FXAIX - Volatility Comparison
Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.91% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.