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 Dividend Achiever 50 Index. It was launched on Dec 9, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFLGX or PEY.
Key characteristics
| HFLGX | PEY | |
|---|---|---|
| YTD Return | 7.71% | 5.99% |
| 1Y Return | 16.56% | 14.41% |
| 3Y Return (Ann) | 6.79% | 7.82% |
| 5Y Return (Ann) | 12.28% | 8.26% |
| 10Y Return (Ann) | 7.66% | 9.89% |
| Sharpe Ratio | 1.18 | 0.88 |
| Daily Std Dev | 13.98% | 16.31% |
| Max Drawdown | -46.15% | -72.82% |
| Current Drawdown | -2.83% | -0.32% |
Correlation
The correlation between HFLGX and PEY is 0.79, 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. PEY - Performance Comparison
In the year-to-date period, HFLGX achieves a 7.71% return, which is significantly higher than PEY's 5.99% return. Over the past 10 years, HFLGX has underperformed PEY with an annualized return of 7.66%, while PEY has yielded a comparatively higher 9.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFLGX vs. PEY - Expense Ratio Comparison
HFLGX has a 1.29% expense ratio, which is higher than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
HFLGX vs. PEY - Risk-Adjusted Performance 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.
Dividends
HFLGX vs. PEY - Dividend Comparison
HFLGX's dividend yield for the trailing twelve months is around 3.47%, less than PEY's 4.35% 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% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.35% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% | 3.28% |
Drawdowns
HFLGX vs. PEY - Drawdown Comparison
The maximum HFLGX drawdown since its inception was -46.15%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for HFLGX and PEY. For additional features, visit the drawdowns tool.
Volatility
HFLGX vs. PEY - Volatility Comparison
Hennessy Cornerstone Large Cap Growth Fund (HFLGX) has a higher volatility of 3.91% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 3.35%. This indicates that HFLGX's price experiences larger fluctuations and is considered to be riskier than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.