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

Performance

HFMDX vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
15.07%
5.69%
HFMDX
XSVM

Returns By Period

In the year-to-date period, HFMDX achieves a 38.78% return, which is significantly higher than XSVM's 7.68% return. Over the past 10 years, HFMDX has underperformed XSVM with an annualized return of 3.69%, while XSVM has yielded a comparatively higher 10.66% annualized return.


HFMDX

YTD

38.78%

1M

1.90%

6M

13.36%

1Y

34.10%

5Y (annualized)

17.64%

10Y (annualized)

3.69%

XSVM

YTD

7.68%

1M

3.28%

6M

4.69%

1Y

19.26%

5Y (annualized)

14.38%

10Y (annualized)

10.66%

Key characteristics


HFMDXXSVM
Sharpe Ratio1.590.90
Sortino Ratio2.011.49
Omega Ratio1.291.17
Calmar Ratio1.931.63
Martin Ratio8.423.57
Ulcer Index4.09%5.51%
Daily Std Dev21.71%21.86%
Max Drawdown-71.75%-62.57%
Current Drawdown-2.94%-3.87%

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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.


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 XSVM: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Correlation

-0.50.00.51.00.8

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.

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.


Sharpe ratio
The chart of Sharpe ratio for HFMDX, currently valued at 1.59, compared to the broader market0.002.004.001.590.90
The chart of Sortino ratio for HFMDX, currently valued at 2.01, compared to the broader market0.005.0010.002.011.49
The chart of Omega ratio for HFMDX, currently valued at 1.29, compared to the broader market1.002.003.004.001.291.17
The chart of Calmar ratio for HFMDX, currently valued at 1.93, compared to the broader market0.005.0010.0015.0020.0025.001.931.63
The chart of Martin ratio for HFMDX, currently valued at 8.42, compared to the broader market0.0020.0040.0060.0080.00100.008.423.57
HFMDX
XSVM

The current HFMDX Sharpe Ratio is 1.59, which is higher than the XSVM Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of HFMDX and XSVM, 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 Ratio0.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.59
0.90
HFMDX
XSVM

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 1.58%.


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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF
1.58%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.94%
-3.87%
HFMDX
XSVM

Volatility

HFMDX vs. XSVM - Volatility Comparison

The current volatility for Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) is 4.87%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 9.50%. 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.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.87%
9.50%
HFMDX
XSVM