HFMDX vs. XSVM
Compare and contrast key facts about Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).
HFMDX is managed by Hennessy. It was launched on Sep 17, 2003. XSVM is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFMDX or XSVM.
Key characteristics
| HFMDX | XSVM | |
|---|---|---|
| YTD Return | 25.92% | 0.29% |
| 1Y Return | 33.99% | 12.34% |
| 3Y Return (Ann) | 20.76% | 4.93% |
| 5Y Return (Ann) | 22.64% | 13.27% |
| 10Y Return (Ann) | 11.76% | 10.04% |
| Sharpe Ratio | 1.51 | 0.68 |
| Daily Std Dev | 24.27% | 20.98% |
| Max Drawdown | -56.14% | -62.57% |
| Current Drawdown | -3.75% | -8.79% |
Correlation
The correlation between HFMDX and XSVM 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. XSVM - Performance Comparison
In the year-to-date period, HFMDX achieves a 25.92% return, which is significantly higher than XSVM's 0.29% return. Over the past 10 years, HFMDX has outperformed XSVM with an annualized return of 11.76%, while XSVM has yielded a comparatively lower 10.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFMDX vs. XSVM - Expense Ratio Comparison
HFMDX has a 1.36% expense ratio, which is higher than XSVM's 0.39% expense ratio.
Risk-Adjusted Performance
HFMDX vs. XSVM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.
Dividends
HFMDX vs. XSVM - Dividend Comparison
HFMDX's dividend yield for the trailing twelve months is around 7.63%, more than XSVM's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | 7.63% | 9.61% | 21.66% | 1.73% | 0.00% | 0.00% | 40.95% | 18.56% | 0.64% | 0.91% | 6.09% | 7.68% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.61% | 1.31% | 1.79% | 1.23% | 1.21% | 1.21% | 2.54% | 1.90% | 2.29% | 2.68% | 1.31% | 1.15% |
Drawdowns
HFMDX vs. XSVM - Drawdown Comparison
The maximum HFMDX drawdown since its inception was -56.14%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for HFMDX and XSVM. For additional features, visit the drawdowns tool.
Volatility
HFMDX vs. XSVM - Volatility Comparison
Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a higher volatility of 7.91% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 7.08%. This indicates that HFMDX's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.