HFLGX vs. HDOGX

Last updated Aug 5, 2026

HFLGX (Hennessy Cornerstone Large Cap Growth Fund) and HDOGX (Hennessy Total Return Fund) are both mutual funds - HFLGX is a Large Cap Value Equities fund managed by Hennessy, while HDOGX is a Diversified Portfolio fund managed by Hennessy. Over the past 10 years, HFLGX returned 11.90%/yr vs 6.67%/yr for HDOGX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. HFLGX charges 1.29%/yr vs 1.77%/yr for HDOGX.

Performance

HFLGX vs. HDOGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Hennessy Total Return Fund (HDOGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFLGX achieves a 15.72% return, which is significantly higher than HDOGX's 8.17% return. Over the past 10 years, HFLGX has outperformed HDOGX with an annualized return of 11.90%, while HDOGX has yielded a comparatively lower 6.67% annualized return.

HFLGX

• 1D: 0.77%
• 1M: 2.26%
• 6M: 8.99%
• YTD: 15.72%
• 1Y: 19.58%
• 3Y*: 10.61%
• 5Y*: 7.83%
• 10Y*: 11.90%
• ALL TIME*: 13.86%

HDOGX

• 1D: -0.19%
• 1M: 0.84%
• 6M: 4.02%
• YTD: 8.17%
• 1Y: 15.44%
• 3Y*: 10.62%
• 5Y*: 8.55%
• 10Y*: 6.67%
• ALL TIME*: 5.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HDOGX Hennessy Total Return Fund	$0.00	$0.00	$0.00
HFLGX Hennessy Cornerstone Large Cap Growth Fund	$0.00	$0.00	$0.00

HFLGX vs. HDOGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFLGX Hennessy Cornerstone Large Cap Growth Fund	15.72%	7.40%	4.38%	21.74%	-13.23%	34.89%	5.49%	27.53%	-9.58%	17.10%
HDOGX Hennessy Total Return Fund	8.17%	14.31%	2.89%	8.07%	6.68%	11.80%	-4.79%	12.56%	0.08%	11.15%

Correlation

The correlation between HFLGX and HDOGX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Mar 20, 2009	0.79

Over the past year, the correlation between HFLGX and HDOGX has dropped to 0.58 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

HFLGX vs. HDOGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HFLGX

HFLGX Risk / Return Rank: 65
HFLGX Sharpe Ratio Rank: 66
HFLGX Sortino Ratio Rank: 72
HFLGX Omega Ratio Rank: 56
HFLGX Calmar Ratio Rank: 80
HFLGX Martin Ratio Rank: 52

HDOGX

HDOGX Risk / Return Rank: 68
HDOGX Sharpe Ratio Rank: 75
HDOGX Sortino Ratio Rank: 80
HDOGX Omega Ratio Rank: 70
HDOGX Calmar Ratio Rank: 78
HDOGX Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HFLGX vs. HDOGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Hennessy Total Return Fund (HDOGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HFLGX	HDOGX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.92	-0.15
Sortino ratio: Return per unit of downside risk	2.64	2.91	-0.27
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	2.93	2.85	+0.08
Martin ratio: Return relative to average drawdown	7.86	6.29	+1.57

HFLGX vs. HDOGX - Sharpe Ratio Comparison

The current HFLGX Sharpe Ratio is 1.77, which is comparable to the HDOGX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of HFLGX and HDOGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HFLGX vs. HDOGX - Drawdown Comparison

The maximum HFLGX drawdown since its inception was -38.90%, smaller than the maximum HDOGX drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for HFLGX and HDOGX.

Drawdown Indicators

	HFLGX	HDOGX	Difference
Max Drawdown Largest peak-to-trough decline	-38.90%	-53.25%	+14.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-5.67%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.50%	-7.97%	-11.53%
Max Drawdown (5Y) Largest decline over 5 years	-25.67%	-14.84%	-10.83%
Max Drawdown (10Y) Largest decline over 10 years	-38.90%	-25.37%	-13.53%
Current Drawdown Current decline from peak	-0.53%	-1.33%	+0.80%
Average Drawdown Average peak-to-trough decline	-4.86%	-6.80%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.57%	+0.10%

Volatility

HFLGX vs. HDOGX - Volatility Comparison

The current volatility for Hennessy Cornerstone Large Cap Growth Fund (HFLGX) is 3.16%, while Hennessy Total Return Fund (HDOGX) has a volatility of 3.41%. This indicates that HFLGX experiences smaller price fluctuations and is considered to be less risky than HDOGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFLGX	HDOGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	3.41%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	6.61%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	8.44%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	10.16%	+7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	11.73%	+7.03%

HFLGX vs. HDOGX - Expense Ratio Comparison

HFLGX has a 1.29% expense ratio, which is lower than HDOGX's 1.77% expense ratio.

Dividends

HFLGX vs. HDOGX - Dividend Comparison

HFLGX's dividend yield for the trailing twelve months is around 5.24%, more than HDOGX's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDOGX Hennessy Total Return Fund	2.01%	2.17%	3.80%	7.55%	11.88%	1.35%	8.29%	1.72%	4.91%	12.76%	1.17%	11.07%
HFLGX Hennessy Cornerstone Large Cap Growth Fund	5.24%	6.07%	4.44%	3.74%	19.36%	14.30%	5.26%	2.43%	26.78%	4.11%	7.15%	30.08%

Frequently Asked Questions

Can I hold both HFLGX and HDOGX in my portfolio?

HFLGX and HDOGX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFLGX or HDOGX?

HDOGX has higher volatility (3.41%) compared to HFLGX (3.16%). In terms of maximum drawdown, HFLGX dropped -38.90% vs HDOGX's -53.25%.

Which has better risk-adjusted returns?

HDOGX currently has the higher Sharpe Ratio (1.92 vs 1.77), 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.