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

Performance

HFMDX vs. OBMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Oberweis Micro Cap Fund (OBMCX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
14.44%
16.61%
HFMDX
OBMCX

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

YTD

38.03%

1M

2.10%

6M

14.44%

1Y

33.63%

5Y (annualized)

17.49%

10Y (annualized)

3.63%

OBMCX

YTD

25.26%

1M

5.44%

6M

16.61%

1Y

40.96%

5Y (annualized)

16.89%

10Y (annualized)

9.59%

Key characteristics


HFMDXOBMCX
Sharpe Ratio1.541.72
Sortino Ratio1.962.38
Omega Ratio1.281.29
Calmar Ratio1.871.45
Martin Ratio8.149.60
Ulcer Index4.10%4.12%
Daily Std Dev21.72%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.


OBMCX
Oberweis Micro Cap Fund
Expense ratio chart for OBMCX: current value at 1.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.48%
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%

Correlation

-0.50.00.51.00.8

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.


Sharpe ratio
The chart of Sharpe ratio for HFMDX, currently valued at 1.54, compared to the broader market-1.000.001.002.003.004.005.001.541.72
The chart of Sortino ratio for HFMDX, currently valued at 1.96, compared to the broader market0.005.0010.001.962.38
The chart of Omega ratio for HFMDX, currently valued at 1.28, compared to the broader market1.002.003.004.001.281.29
The chart of Calmar ratio for HFMDX, currently valued at 1.87, compared to the broader market0.005.0010.0015.0020.0025.001.871.45
The chart of Martin ratio for HFMDX, currently valued at 8.14, compared to the broader market0.0020.0040.0060.0080.00100.008.149.60
HFMDX
OBMCX

The current HFMDX Sharpe Ratio is 1.54, which is comparable to the OBMCX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of HFMDX and OBMCX, 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 Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.54
1.72
HFMDX
OBMCX

Dividends

HFMDX vs. OBMCX - Dividend Comparison

Neither HFMDX nor OBMCX has paid dividends to shareholders.


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%
OBMCX
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.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.47%
-3.19%
HFMDX
OBMCX

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.


4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.85%
7.08%
HFMDX
OBMCX