HFLGX vs. PEY
Compare and contrast key facts about Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
HFLGX is managed by Hennessy. It was launched on Mar 20, 2009. 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
HFLGX vs. PEY - Performance Comparison
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HFLGX vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFLGX Hennessy Cornerstone Large Cap Growth Fund | 4.24% | 7.40% | 4.38% | 21.74% | -13.23% | 34.89% | 5.49% | 27.53% | -9.58% | 17.10% |
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, HFLGX achieves a 4.24% return, which is significantly lower than PEY's 5.88% return. Over the past 10 years, HFLGX has outperformed PEY with an annualized return of 10.58%, while PEY has yielded a comparatively lower 8.63% annualized return.
HFLGX
- 1D
- 1.03%
- 1M
- -5.68%
- YTD
- 4.24%
- 6M
- 3.95%
- 1Y
- 12.77%
- 3Y*
- 10.90%
- 5Y*
- 6.74%
- 10Y*
- 10.58%
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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HFLGX vs. PEY - Expense Ratio Comparison
HFLGX has a 1.29% expense ratio, which is higher than PEY's 0.54% expense ratio.
Return for Risk
HFLGX vs. PEY — Risk / Return Rank
HFLGX
PEY
HFLGX vs. PEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Large Cap Growth Fund (HFLGX) 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.
| HFLGX | PEY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.26 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.49 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.33 | +0.82 |
Martin ratioReturn relative to average drawdown | 4.94 | 0.98 | +3.96 |
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
| HFLGX | PEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.26 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.34 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.46 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.27 | +0.47 |
Correlation
The correlation between HFLGX and PEY is 0.80, 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
HFLGX vs. PEY - Dividend Comparison
HFLGX's dividend yield for the trailing twelve months is around 5.82%, more than PEY's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFLGX Hennessy Cornerstone Large Cap Growth Fund | 5.82% | 6.07% | 4.44% | 3.74% | 19.36% | 14.30% | 5.26% | 2.43% | 26.78% | 4.11% | 7.15% | 30.08% |
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
HFLGX vs. PEY - Drawdown Comparison
The maximum HFLGX drawdown since its inception was -38.90%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for HFLGX and PEY.
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Drawdown Indicators
| HFLGX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.90% | -72.81% | +33.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -13.28% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -17.90% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -38.90% | -41.55% | +2.65% |
Current DrawdownCurrent decline from peak | -5.90% | -3.71% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -12.97% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 4.45% | -1.66% |
Volatility
HFLGX vs. PEY - Volatility Comparison
Hennessy Cornerstone Large Cap Growth Fund (HFLGX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY) have volatilities of 3.39% and 3.24%, 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.
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Volatility by Period
| HFLGX | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.24% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 9.86% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 17.84% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 16.38% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 18.90% | -0.02% |