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

Key characteristics


HFMDXOBMCX
YTD Return42.38%25.45%
1Y Return45.32%47.99%
3Y Return (Ann)11.03%1.12%
5Y Return (Ann)18.06%17.05%
10Y Return (Ann)4.12%9.57%
Sharpe Ratio2.062.04
Sortino Ratio2.522.78
Omega Ratio1.361.34
Calmar Ratio2.551.52
Martin Ratio11.2111.59
Ulcer Index4.07%4.06%
Daily Std Dev22.15%23.07%
Max Drawdown-71.75%-81.09%
Current Drawdown0.00%0.00%

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.

Performance

HFMDX vs. OBMCX - Performance Comparison

In the year-to-date period, HFMDX achieves a 42.38% return, which is significantly higher than OBMCX's 25.45% return. Over the past 10 years, HFMDX has underperformed OBMCX with an annualized return of 4.12%, while OBMCX has yielded a comparatively higher 9.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
18.05%
20.02%
HFMDX
OBMCX

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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%

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.


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
OBMCX
Sharpe ratio
The chart of Sharpe ratio for OBMCX, currently valued at 2.04, compared to the broader market0.002.004.002.04
Sortino ratio
The chart of Sortino ratio for OBMCX, currently valued at 2.78, compared to the broader market0.005.0010.002.78
Omega ratio
The chart of Omega ratio for OBMCX, currently valued at 1.34, compared to the broader market1.002.003.004.001.34
Calmar ratio
The chart of Calmar ratio for OBMCX, currently valued at 1.52, compared to the broader market0.005.0010.0015.0020.0025.001.52
Martin ratio
The chart of Martin ratio for OBMCX, currently valued at 11.59, compared to the broader market0.0020.0040.0060.0080.00100.0011.59

HFMDX vs. OBMCX - Sharpe Ratio Comparison

The current HFMDX Sharpe Ratio is 2.06, which is comparable to the OBMCX Sharpe Ratio of 2.04. 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
2.06
2.04
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%JuneJulyAugustSeptemberOctoberNovember00
HFMDX
OBMCX

Volatility

HFMDX vs. OBMCX - Volatility Comparison

The current volatility for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) is 5.19%, while Oberweis Micro Cap Fund (OBMCX) has a volatility of 6.63%. 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
5.19%
6.63%
HFMDX
OBMCX