HFMDX vs. OBMCX
Compare and contrast key facts about Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Oberweis Micro Cap Fund (OBMCX).
HFMDX is managed by Hennessy. It was launched on Sep 17, 2003. OBMCX is managed by Oberweis. It was launched on Dec 29, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFMDX or OBMCX.
Performance
HFMDX vs. OBMCX - Performance Comparison
Returns By Period
In the year-to-date period, HFMDX achieves a 38.03% return, which is significantly higher than OBMCX's 25.26% return. Over the past 10 years, HFMDX has underperformed OBMCX with an annualized return of 3.63%, while OBMCX has yielded a comparatively higher 9.59% annualized return.
HFMDX
38.03%
2.10%
14.44%
33.63%
17.49%
3.63%
OBMCX
25.26%
5.44%
16.61%
40.96%
16.89%
9.59%
Key characteristics
HFMDX | OBMCX | |
---|---|---|
Sharpe Ratio | 1.54 | 1.72 |
Sortino Ratio | 1.96 | 2.38 |
Omega Ratio | 1.28 | 1.29 |
Calmar Ratio | 1.87 | 1.45 |
Martin Ratio | 8.14 | 9.60 |
Ulcer Index | 4.10% | 4.12% |
Daily Std Dev | 21.72% | 23.01% |
Max Drawdown | -71.75% | -81.09% |
Current Drawdown | -3.47% | -3.19% |
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HFMDX vs. OBMCX - Expense Ratio Comparison
HFMDX has a 1.36% expense ratio, which is lower than OBMCX's 1.48% expense ratio.
Correlation
The correlation between HFMDX and OBMCX 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.
Risk-Adjusted Performance
HFMDX vs. OBMCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Oberweis Micro Cap Fund (OBMCX). 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
HFMDX vs. OBMCX - Dividend Comparison
Neither HFMDX nor OBMCX has paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Oberweis Micro Cap Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HFMDX vs. OBMCX - Drawdown Comparison
The maximum HFMDX drawdown since its inception was -71.75%, smaller than the maximum OBMCX drawdown of -81.09%. Use the drawdown chart below to compare losses from any high point for HFMDX and OBMCX. For additional features, visit the drawdowns tool.
Volatility
HFMDX vs. OBMCX - Volatility Comparison
The current volatility for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) is 4.85%, while Oberweis Micro Cap Fund (OBMCX) has a volatility of 7.08%. This indicates that HFMDX experiences smaller price fluctuations and is considered to be less risky than OBMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.