HIMDX vs. SWMCX
HIMDX (Hennessy Cornerstone Mid Cap 30 Fund Institutional Class) and SWMCX (Schwab U.S. Mid-Cap Index Fund) are both Mid Cap Blend Equities funds. HIMDX is actively managed, while SWMCX is passively managed. Over the past 5 years, HIMDX returned 16.64%/yr vs 8.16%/yr for SWMCX. Their correlation of 0.85 means they have usually moved in the same direction. HIMDX charges 0.95%/yr vs 0.04%/yr for SWMCX.
Performance
HIMDX vs. SWMCX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HIMDX having a 14.79% return and SWMCX slightly lower at 14.52%.
HIMDX
- 1D
- -1.42%
- 1M
- -3.26%
- 6M
- 8.62%
- YTD
- 14.79%
- 1Y
- 28.02%
- 3Y*
- 17.99%
- 5Y*
- 16.64%
- 10Y*
- 14.33%
- ALL TIME*
- 14.75%
SWMCX
- 1D
- -0.30%
- 1M
- -0.66%
- 6M
- 10.46%
- YTD
- 14.52%
- 1Y
- 20.28%
- 3Y*
- 14.86%
- 5Y*
- 8.16%
- 10Y*
- —
- ALL TIME*
- 10.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HIMDX vs. SWMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIMDX Hennessy Cornerstone Mid Cap 30 Fund Institutional Class | 14.79% | 3.04% | 34.59% | 31.31% | 3.10% | 27.77% | 23.82% | 16.02% | -23.18% | 1.81% |
SWMCX Schwab U.S. Mid-Cap Index Fund | 14.52% | 10.54% | 15.28% | 17.20% | -17.31% | 22.55% | 17.03% | 30.46% | -9.16% | 0.40% |
Correlation
The correlation between HIMDX and SWMCX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2017 | 0.85 |
The correlation between HIMDX and SWMCX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
HIMDX vs. SWMCX — Risk / Return Rank
HIMDX
SWMCX
HIMDX vs. SWMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX) and Schwab U.S. Mid-Cap Index Fund (SWMCX). 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.
| HIMDX | SWMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.29 | -0.46 |
| Martin ratioReturn relative to average drawdown | 5.93 | 8.87 | -2.94 |
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Drawdowns
HIMDX vs. SWMCX - Drawdown Comparison
The maximum HIMDX drawdown since its inception was -55.79%, which is greater than SWMCX's maximum drawdown of -40.34%. Use the drawdown chart below to compare losses from any high point for HIMDX and SWMCX.
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Drawdown Indicators
| HIMDX | SWMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.79% | -40.34% | -15.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -8.15% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -21.07% | -6.58% |
Max Drawdown (5Y)Largest decline over 5 years | -27.65% | -26.09% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -55.79% | — | — |
Current DrawdownCurrent decline from peak | -6.10% | -0.96% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -6.52% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.11% | +1.80% |
Volatility
HIMDX vs. SWMCX - Volatility Comparison
Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX) has a higher volatility of 5.19% compared to Schwab U.S. Mid-Cap Index Fund (SWMCX) at 2.40%. This indicates that HIMDX's price experiences larger fluctuations and is considered to be riskier than SWMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMDX | SWMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 2.40% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 10.24% | +6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 13.71% | +8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 18.25% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.13% | 20.51% | +4.62% |
HIMDX vs. SWMCX - Expense Ratio Comparison
HIMDX has a 0.95% expense ratio, which is higher than SWMCX's 0.04% expense ratio.
Dividends
HIMDX vs. SWMCX - Dividend Comparison
HIMDX's dividend yield for the trailing twelve months is around 0.91%, less than SWMCX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMDX Hennessy Cornerstone Mid Cap 30 Fund Institutional Class | 0.91% | 1.05% | 19.21% | 9.61% | 21.65% | 1.71% | 0.00% | 0.00% | 40.44% | 18.62% | 0.64% | 1.10% |
SWMCX Schwab U.S. Mid-Cap Index Fund | 1.86% | 2.13% | 2.60% | 1.49% | 1.59% | 2.93% | 1.45% | 2.44% | 1.41% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIMDX and SWMCX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMDX has higher volatility (5.19%) compared to SWMCX (2.40%). In terms of maximum drawdown, HIMDX dropped -55.79% vs SWMCX's -40.34%.
SWMCX currently has the higher Sharpe Ratio (1.37 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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