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HFMDX vs. DVSMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HFMDXDVSMX
YTD Return42.38%37.15%
1Y Return45.32%59.16%
3Y Return (Ann)11.03%-7.41%
5Y Return (Ann)18.06%10.46%
Sharpe Ratio2.062.67
Sortino Ratio2.523.44
Omega Ratio1.361.43
Calmar Ratio2.551.15
Martin Ratio11.2115.31
Ulcer Index4.07%3.81%
Daily Std Dev22.15%21.85%
Max Drawdown-71.75%-53.84%
Current Drawdown0.00%-20.57%

Correlation

-0.50.00.51.00.8

The correlation between HFMDX and DVSMX is 0.76, 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

HFMDX vs. DVSMX - Performance Comparison

In the year-to-date period, HFMDX achieves a 42.38% return, which is significantly higher than DVSMX's 37.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.05%
16.51%
HFMDX
DVSMX

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HFMDX vs. DVSMX - Expense Ratio Comparison

HFMDX has a 1.36% expense ratio, which is higher than DVSMX's 0.99% expense ratio.


HFMDX
Hennessy Cornerstone Mid Cap 30 Fund
Expense ratio chart for HFMDX: current value at 1.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.36%
Expense ratio chart for DVSMX: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

HFMDX vs. DVSMX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Driehaus Small Cap Growth Fund (DVSMX). 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.


HFMDX
Sharpe ratio
The chart of Sharpe ratio for HFMDX, currently valued at 2.06, compared to the broader market0.002.004.002.06
Sortino ratio
The chart of Sortino ratio for HFMDX, currently valued at 2.52, compared to the broader market0.005.0010.002.52
Omega ratio
The chart of Omega ratio for HFMDX, currently valued at 1.36, compared to the broader market1.002.003.004.001.36
Calmar ratio
The chart of Calmar ratio for HFMDX, currently valued at 2.55, compared to the broader market0.005.0010.0015.0020.0025.002.55
Martin ratio
The chart of Martin ratio for HFMDX, currently valued at 11.21, compared to the broader market0.0020.0040.0060.0080.00100.0011.21
DVSMX
Sharpe ratio
The chart of Sharpe ratio for DVSMX, currently valued at 2.67, compared to the broader market0.002.004.002.67
Sortino ratio
The chart of Sortino ratio for DVSMX, currently valued at 3.44, compared to the broader market0.005.0010.003.44
Omega ratio
The chart of Omega ratio for DVSMX, currently valued at 1.43, compared to the broader market1.002.003.004.001.43
Calmar ratio
The chart of Calmar ratio for DVSMX, currently valued at 1.15, compared to the broader market0.005.0010.0015.0020.0025.001.15
Martin ratio
The chart of Martin ratio for DVSMX, currently valued at 15.31, compared to the broader market0.0020.0040.0060.0080.00100.0015.31

HFMDX vs. DVSMX - Sharpe Ratio Comparison

The current HFMDX Sharpe Ratio is 2.06, which is comparable to the DVSMX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of HFMDX and DVSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
2.06
2.67
HFMDX
DVSMX

Dividends

HFMDX vs. DVSMX - Dividend Comparison

HFMDX has not paid dividends to shareholders, while DVSMX's dividend yield for the trailing twelve months is around 0.28%.


TTM20232022202120202019201820172016201520142013
HFMDX
Hennessy Cornerstone Mid Cap 30 Fund
0.00%0.00%0.00%1.73%0.00%0.00%0.00%0.00%0.00%0.14%0.00%0.11%
DVSMX
Driehaus Small Cap Growth Fund
0.28%0.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HFMDX vs. DVSMX - Drawdown Comparison

The maximum HFMDX drawdown since its inception was -71.75%, which is greater than DVSMX's maximum drawdown of -53.84%. Use the drawdown chart below to compare losses from any high point for HFMDX and DVSMX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-20.57%
HFMDX
DVSMX

Volatility

HFMDX vs. DVSMX - Volatility Comparison

The current volatility for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) is 5.19%, while Driehaus Small Cap Growth Fund (DVSMX) has a volatility of 6.43%. This indicates that HFMDX experiences smaller price fluctuations and is considered to be less risky than DVSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.19%
6.43%
HFMDX
DVSMX