HFMDX vs. PEY
Compare and contrast key facts about Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
HFMDX is managed by Hennessy. It was launched on Sep 17, 2003. PEY is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Dividend Achievers 50 Index. It was launched on Dec 9, 2004.
Performance
HFMDX vs. PEY - Performance Comparison
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HFMDX vs. PEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | -1.39% | 2.68% | 34.13% | 30.83% | 2.72% | 27.23% | 23.37% | 15.76% | -23.52% | 20.71% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 5.88% | 0.56% | 5.25% | 7.29% | 2.45% | 26.15% | -3.85% | 24.76% | -7.49% | 8.78% |
Returns By Period
In the year-to-date period, HFMDX achieves a -1.39% return, which is significantly lower than PEY's 5.88% return. Over the past 10 years, HFMDX has outperformed PEY with an annualized return of 12.05%, while PEY has yielded a comparatively lower 8.63% annualized return.
HFMDX
- 1D
- 3.56%
- 1M
- -6.47%
- YTD
- -1.39%
- 6M
- -0.77%
- 1Y
- 11.96%
- 3Y*
- 17.64%
- 5Y*
- 12.98%
- 10Y*
- 12.05%
PEY
- 1D
- -0.32%
- 1M
- -0.81%
- YTD
- 5.88%
- 6M
- 3.22%
- 1Y
- 4.59%
- 3Y*
- 7.32%
- 5Y*
- 5.59%
- 10Y*
- 8.63%
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HFMDX vs. PEY - Expense Ratio Comparison
HFMDX has a 1.36% expense ratio, which is higher than PEY's 0.54% expense ratio.
Return for Risk
HFMDX vs. PEY — Risk / Return Rank
HFMDX
PEY
HFMDX vs. PEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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 | PEY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.26 | +0.25 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.49 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.06 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.33 | +0.51 |
Martin ratioReturn relative to average drawdown | 2.72 | 0.98 | +1.75 |
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 | PEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.26 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.34 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.46 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.27 | +0.14 |
Correlation
The correlation between HFMDX and PEY is 0.70, 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. PEY - Dividend Comparison
HFMDX's dividend yield for the trailing twelve months is around 0.73%, less than PEY's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | 0.73% | 0.72% | 18.84% | 9.61% | 21.66% | 1.73% | 0.00% | 0.00% | 40.95% | 18.56% | 0.64% | 0.91% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.68% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Drawdowns
HFMDX vs. PEY - Drawdown Comparison
The maximum HFMDX drawdown since its inception was -61.25%, smaller than the maximum PEY drawdown of -72.81%. Use the drawdown chart below to compare losses from any high point for HFMDX and PEY.
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Drawdown Indicators
| HFMDX | PEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.25% | -72.81% | +11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -13.28% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -17.90% | -9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -56.14% | -41.55% | -14.59% |
Current DrawdownCurrent decline from peak | -9.56% | -3.71% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -12.97% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 4.45% | -0.08% |
Volatility
HFMDX vs. PEY - Volatility Comparison
Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a higher volatility of 8.36% compared to Invesco High Yield Equity Dividend Achievers™ ETF (PEY) at 3.24%. This indicates that HFMDX's price experiences larger fluctuations and is considered to be riskier than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFMDX | PEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 3.24% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 9.86% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 17.84% | +7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.35% | 16.38% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.01% | 18.90% | +6.11% |