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 | 42.53% | 10.02% |
| 1Y Return | 46.31% | 29.72% |
| 3Y Return (Ann) | 11.10% | 3.02% |
| 5Y Return (Ann) | 18.07% | 14.38% |
| 10Y Return (Ann) | 4.18% | 10.85% |
| Sharpe Ratio | 2.05 | 1.29 |
| Sortino Ratio | 2.51 | 2.04 |
| Omega Ratio | 1.36 | 1.24 |
| Calmar Ratio | 2.54 | 1.83 |
| Martin Ratio | 11.17 | 5.27 |
| Ulcer Index | 4.07% | 5.49% |
| Daily Std Dev | 22.15% | 22.42% |
| Max Drawdown | -71.75% | -62.57% |
| Current Drawdown | 0.00% | -0.68% |
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 42.53% return, which is significantly higher than XSVM's 10.02% return. Over the past 10 years, HFMDX has underperformed XSVM with an annualized return of 4.18%, while XSVM has yielded a comparatively higher 10.85% 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 has not paid dividends to shareholders, while XSVM's dividend yield for the trailing twelve months is around 1.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.55% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% | 1.32% | 1.15% |
Drawdowns
HFMDX vs. XSVM - Drawdown Comparison
The maximum HFMDX drawdown since its inception was -71.75%, which is greater than XSVM's maximum 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
The current volatility for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) is 5.18%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 9.69%. This indicates that HFMDX experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.