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

Key characteristics


HFMDXVLIFX
YTD Return40.76%15.60%
1Y Return41.91%27.50%
3Y Return (Ann)10.44%3.94%
5Y Return (Ann)17.63%8.18%
10Y Return (Ann)4.03%9.93%
Sharpe Ratio1.912.05
Sortino Ratio2.372.89
Omega Ratio1.341.35
Calmar Ratio2.372.20
Martin Ratio10.4211.58
Ulcer Index4.07%2.38%
Daily Std Dev22.17%13.45%
Max Drawdown-71.75%-81.77%
Current Drawdown-1.56%-1.38%

Correlation

-0.50.00.51.00.8

The correlation between HFMDX and VLIFX is 0.82, 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. VLIFX - Performance Comparison

In the year-to-date period, HFMDX achieves a 40.76% return, which is significantly higher than VLIFX's 15.60% return. Over the past 10 years, HFMDX has underperformed VLIFX with an annualized return of 4.03%, while VLIFX has yielded a comparatively higher 9.93% 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%JuneJulyAugustSeptemberOctoberNovember
15.98%
10.56%
HFMDX
VLIFX

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HFMDX vs. VLIFX - Expense Ratio Comparison

HFMDX has a 1.36% expense ratio, which is higher than VLIFX's 1.07% expense ratio.


HFMDX
Hennessy Cornerstone Mid Cap 30 Fund
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%
Expense ratio chart for VLIFX: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

Risk-Adjusted Performance

HFMDX vs. VLIFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Value Line Mid Cap Focused Fund (VLIFX). 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 1.91, compared to the broader market0.002.004.001.91
Sortino ratio
The chart of Sortino ratio for HFMDX, currently valued at 2.37, compared to the broader market0.005.0010.002.37
Omega ratio
The chart of Omega ratio for HFMDX, currently valued at 1.34, compared to the broader market1.002.003.004.001.34
Calmar ratio
The chart of Calmar ratio for HFMDX, currently valued at 2.37, compared to the broader market0.005.0010.0015.0020.002.37
Martin ratio
The chart of Martin ratio for HFMDX, currently valued at 10.42, compared to the broader market0.0020.0040.0060.0080.00100.0010.42
VLIFX
Sharpe ratio
The chart of Sharpe ratio for VLIFX, currently valued at 2.05, compared to the broader market0.002.004.002.05
Sortino ratio
The chart of Sortino ratio for VLIFX, currently valued at 2.89, compared to the broader market0.005.0010.002.89
Omega ratio
The chart of Omega ratio for VLIFX, currently valued at 1.35, compared to the broader market1.002.003.004.001.35
Calmar ratio
The chart of Calmar ratio for VLIFX, currently valued at 2.20, compared to the broader market0.005.0010.0015.0020.002.20
Martin ratio
The chart of Martin ratio for VLIFX, currently valued at 11.58, compared to the broader market0.0020.0040.0060.0080.00100.0011.58

HFMDX vs. VLIFX - Sharpe Ratio Comparison

The current HFMDX Sharpe Ratio is 1.91, which is comparable to the VLIFX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of HFMDX and VLIFX, 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 Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.91
2.05
HFMDX
VLIFX

Dividends

HFMDX vs. VLIFX - Dividend Comparison

HFMDX has not paid dividends to shareholders, while VLIFX's dividend yield for the trailing twelve months is around 0.02%.


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%
VLIFX
Value Line Mid Cap Focused Fund
0.02%0.03%0.13%0.00%0.08%0.03%0.00%0.00%0.00%0.00%0.04%0.42%

Drawdowns

HFMDX vs. VLIFX - Drawdown Comparison

The maximum HFMDX drawdown since its inception was -71.75%, smaller than the maximum VLIFX drawdown of -81.77%. Use the drawdown chart below to compare losses from any high point for HFMDX and VLIFX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.56%
-1.38%
HFMDX
VLIFX

Volatility

HFMDX vs. VLIFX - Volatility Comparison

Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a higher volatility of 5.15% compared to Value Line Mid Cap Focused Fund (VLIFX) at 4.36%. This indicates that HFMDX's price experiences larger fluctuations and is considered to be riskier than VLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.15%
4.36%
HFMDX
VLIFX