HFMDX vs. VFVA

Last updated Apr 2, 2026

Compare and contrast key facts about Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Vanguard U.S. Value Factor ETF (VFVA).

HFMDX is managed by Hennessy. It was launched on Sep 17, 2003. VFVA is an actively managed fund by Vanguard. It was launched on Feb 13, 2018.

Performance

HFMDX vs. VFVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Vanguard U.S. Value Factor ETF (VFVA). The values are adjusted to include any dividend payments, if applicable.

HFMDX vs. VFVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HFMDX Hennessy Cornerstone Mid Cap 30 Fund	-1.39%	2.68%	34.13%	30.83%	2.72%	27.23%	23.37%	15.76%	-19.53%
VFVA Vanguard U.S. Value Factor ETF	2.10%	14.77%	7.67%	17.37%	-3.96%	36.94%	2.28%	25.42%	-15.61%

Returns By Period

In the year-to-date period, HFMDX achieves a -1.39% return, which is significantly lower than VFVA's 2.10% 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%

VFVA

• 1D: 0.20%
• 1M: -4.12%
• YTD: 2.10%
• 6M: 6.23%
• 1Y: 20.92%
• 3Y*: 14.37%
• 5Y*: 9.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFMDX vs. VFVA - Expense Ratio Comparison

HFMDX has a 1.36% expense ratio, which is higher than VFVA's 0.13% expense ratio.

HFMDX

Hennessy Cornerstone Mid Cap 30 Fund

VFVA

Vanguard U.S. Value Factor ETF

Return for Risk

HFMDX vs. VFVA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFMDX

HFMDX Risk / Return Rank: 21
HFMDX Sharpe Ratio Rank: 17
HFMDX Sortino Ratio Rank: 18
HFMDX Omega Ratio Rank: 16
HFMDX Calmar Ratio Rank: 27
HFMDX Martin Ratio Rank: 24

VFVA

VFVA Risk / Return Rank: 52
VFVA Sharpe Ratio Rank: 50
VFVA Sortino Ratio Rank: 53
VFVA Omega Ratio Rank: 53
VFVA Calmar Ratio Rank: 50
VFVA Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFMDX vs. VFVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Vanguard U.S. Value Factor ETF (VFVA). 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	VFVA	Difference
Sharpe ratio Return per unit of total volatility	0.50	0.94	-0.44
Sortino ratio Return per unit of downside risk	0.86	1.45	-0.59
Omega ratio Gain probability vs. loss probability	1.11	1.21	-0.10
Calmar ratio Return relative to maximum drawdown	0.84	1.35	-0.51
Martin ratio Return relative to average drawdown	2.72	5.36	-2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFMDX vs. VFVA - Sharpe Ratio Comparison

The current HFMDX Sharpe Ratio is 0.50, which is lower than the VFVA Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of HFMDX and VFVA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HFMDX	VFVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	0.94	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.48	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.39	+0.02

Correlation

The correlation between HFMDX and VFVA is 0.85, 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. VFVA - Dividend Comparison

HFMDX's dividend yield for the trailing twelve months is around 0.73%, less than VFVA's 2.09% 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%
VFVA Vanguard U.S. Value Factor ETF	2.09%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%	0.00%	0.00%	0.00%

Drawdowns

HFMDX vs. VFVA - Drawdown Comparison

The maximum HFMDX drawdown since its inception was -61.25%, which is greater than VFVA's maximum drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for HFMDX and VFVA.

Drawdown Indicators

	HFMDX	VFVA	Difference
Max Drawdown Largest peak-to-trough decline	-61.25%	-48.58%	-12.67%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-15.54%	+1.32%
Max Drawdown (5Y) Largest decline over 5 years	-27.76%	-24.07%	-3.69%
Max Drawdown (10Y) Largest decline over 10 years	-56.14%	—	—
Current Drawdown Current decline from peak	-9.56%	-6.24%	-3.32%
Average Drawdown Average peak-to-trough decline	-12.33%	-7.43%	-4.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	3.91%	+0.46%

Volatility

HFMDX vs. VFVA - Volatility Comparison

Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a higher volatility of 8.36% compared to Vanguard U.S. Value Factor ETF (VFVA) at 4.33%. This indicates that HFMDX's price experiences larger fluctuations and is considered to be riskier than VFVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFMDX	VFVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	4.33%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	11.07%	+5.49%
Volatility (1Y) Calculated over the trailing 1-year period	25.12%	22.24%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.35%	20.25%	+3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	24.51%	+0.50%