HHI.L vs. ADX

Last updated Jun 24, 2026

HHI.L (Henderson High Income Trust) is a stock, while ADX (Adams Diversified Equity Fund, Inc.) is Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, HHI.L returned 7.83%/yr vs 18.87%/yr for ADX. At a 0.27 correlation, their price movements are largely independent.

Performance

HHI.L vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Henderson High Income Trust (HHI.L) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HHI.L is traded in GBp, while ADX is traded in USD. To make them comparable, the ADX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, HHI.L achieves a 8.14% return, which is significantly lower than ADX's 13.42% return. Over the past 10 years, HHI.L has underperformed ADX with an annualized return of 7.83%, while ADX has yielded a comparatively higher 18.87% annualized return.

HHI.L

• 1D: 0.00%
• 1M: 0.28%
• YTD: 8.14%
• 6M: 6.72%
• 1Y: 17.72%
• 3Y*: 13.46%
• 5Y*: 8.77%
• 10Y*: 7.83%

ADX

• 1D: -0.33%
• 1M: 1.29%
• YTD: 13.42%
• 6M: 14.68%
• 1Y: 32.13%
• 3Y*: 26.07%
• 5Y*: 17.79%
• 10Y*: 18.87%

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

HHI.L vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HHI.L Henderson High Income Trust	8.14%	22.59%	10.88%	0.89%	-1.18%	28.02%	-17.65%	27.05%	-11.23%	8.68%
ADX Adams Diversified Equity Fund, Inc.	13.42%	17.05%	30.55%	24.92%	-10.28%	30.92%	13.83%	31.55%	2.14%	18.41%

Correlation

The correlation between HHI.L and ADX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jul 24, 2007	0.27

The correlation between HHI.L and ADX shifts across timeframes, from 0.16 (3 years) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HHI.L vs. ADX — Risk / Return Rank

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

HHI.L

HHI.L Risk / Return Rank: 73
HHI.L Sharpe Ratio Rank: 77
HHI.L Sortino Ratio Rank: 71
HHI.L Omega Ratio Rank: 71
HHI.L Calmar Ratio Rank: 68
HHI.L Martin Ratio Rank: 76

ADX

ADX Risk / Return Rank: 61
ADX Sharpe Ratio Rank: 55
ADX Sortino Ratio Rank: 56
ADX Omega Ratio Rank: 48
ADX Calmar Ratio Rank: 61
ADX Martin Ratio Rank: 84

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.

HHI.L vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Henderson High Income Trust (HHI.L) and Adams Diversified Equity Fund, Inc. (ADX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HHI.L	ADX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.29	-1.10
Sortino ratio: Return per unit of downside risk	1.70	3.18	-1.48
Omega ratio: Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio: Return relative to maximum drawdown	1.35	4.02	-2.67
Martin ratio: Return relative to average drawdown	4.65	16.11	-11.47

HHI.L vs. ADX - Sharpe Ratio Comparison

The current HHI.L Sharpe Ratio is 1.19, which is lower than the ADX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of HHI.L and ADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HHI.L vs. ADX - Drawdown Comparison

The maximum HHI.L drawdown since its inception was -51.41%, which is greater than ADX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for HHI.L and ADX.

Drawdown Indicators

	HHI.L	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-51.41%	-33.69%	-17.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-8.03%	-5.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.99%	-20.82%	+3.83%
Max Drawdown (5Y) Largest decline over 5 years	-18.80%	-20.82%	+2.02%
Max Drawdown (10Y) Largest decline over 10 years	-46.03%	-29.64%	-16.39%
Current Drawdown Current decline from peak	-2.98%	-0.83%	-2.15%
Average Drawdown Average peak-to-trough decline	-9.02%	-4.89%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	2.00%	+1.81%

Volatility

HHI.L vs. ADX - Volatility Comparison

The current volatility for Henderson High Income Trust (HHI.L) is 3.65%, while Adams Diversified Equity Fund, Inc. (ADX) has a volatility of 4.66%. This indicates that HHI.L experiences smaller price fluctuations and is considered to be less risky than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HHI.L	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	4.66%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	10.42%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	14.11%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	16.45%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.15%	17.92%	+4.23%

Dividends

HHI.L vs. ADX - Dividend Comparison

HHI.L's dividend yield for the trailing twelve months is around 5.63%, less than ADX's 7.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.51%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
HHI.L Henderson High Income Trust	5.63%	5.81%	6.52%	6.61%	6.14%	5.61%	6.73%	5.11%	6.02%	4.95%	4.98%	5.48%

Frequently Asked Questions

Can I hold both HHI.L and ADX in my portfolio?

HHI.L and ADX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.