HFMDX vs. HTECX
Compare and contrast key facts about Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Hennessy Technology Fund (HTECX).
HFMDX is managed by Hennessy. It was launched on Sep 17, 2003. HTECX is managed by Hennessy. It was launched on Jan 31, 2002.
Performance
HFMDX vs. HTECX - Performance Comparison
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HFMDX vs. HTECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | -4.78% | 2.68% | 34.13% | 30.83% | 2.72% | 27.23% | 23.37% | 15.76% | -23.52% | 20.71% |
HTECX Hennessy Technology Fund | -10.79% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -2.27% | 20.31% |
Returns By Period
In the year-to-date period, HFMDX achieves a -4.78% return, which is significantly higher than HTECX's -10.79% return. Both investments have delivered pretty close results over the past 10 years, with HFMDX having a 11.66% annualized return and HTECX not far behind at 11.64%.
HFMDX
- 1D
- -2.49%
- 1M
- -10.16%
- YTD
- -4.78%
- 6M
- -4.01%
- 1Y
- 8.75%
- 3Y*
- 16.28%
- 5Y*
- 12.41%
- 10Y*
- 11.66%
HTECX
- 1D
- -1.38%
- 1M
- -7.40%
- YTD
- -10.79%
- 6M
- -12.16%
- 1Y
- 13.20%
- 3Y*
- 12.49%
- 5Y*
- 4.99%
- 10Y*
- 11.64%
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HFMDX vs. HTECX - Expense Ratio Comparison
HFMDX has a 1.36% expense ratio, which is higher than HTECX's 1.23% expense ratio.
Return for Risk
HFMDX vs. HTECX — Risk / Return Rank
HFMDX
HTECX
HFMDX vs. HTECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Hennessy Technology Fund (HTECX). 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 | HTECX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 0.48 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.62 | 0.86 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.62 | -0.21 |
Martin ratioReturn relative to average drawdown | 1.36 | 1.79 | -0.43 |
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
| HFMDX | HTECX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.48 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.21 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.27 | +0.13 |
Correlation
The correlation between HFMDX and HTECX 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.
Dividends
HFMDX vs. HTECX - Dividend Comparison
HFMDX's dividend yield for the trailing twelve months is around 0.75%, less than HTECX's 23.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | 0.75% | 0.72% | 18.84% | 9.61% | 21.66% | 1.73% | 0.00% | 0.00% | 40.95% | 18.56% | 0.64% | 0.91% |
HTECX Hennessy Technology Fund | 23.72% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% | 0.00% | 0.00% |
Drawdowns
HFMDX vs. HTECX - Drawdown Comparison
The maximum HFMDX drawdown since its inception was -61.25%, roughly equal to the maximum HTECX drawdown of -58.85%. Use the drawdown chart below to compare losses from any high point for HFMDX and HTECX.
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Drawdown Indicators
| HFMDX | HTECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.25% | -58.85% | -2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -15.01% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -34.88% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -56.14% | -35.00% | -21.14% |
Current DrawdownCurrent decline from peak | -12.66% | -15.01% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -12.01% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 5.21% | -0.88% |
Volatility
HFMDX vs. HTECX - Volatility Comparison
Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a higher volatility of 7.34% compared to Hennessy Technology Fund (HTECX) at 6.20%. This indicates that HFMDX's price experiences larger fluctuations and is considered to be riskier than HTECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFMDX | HTECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 6.20% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 14.54% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 25.88% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.30% | 24.04% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 23.52% | +1.46% |