HJPNX vs. NFTY
Compare and contrast key facts about Hennessy Japan Fund (HJPNX) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
HJPNX is managed by Hennessy. It was launched on Oct 30, 2003. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJPNX or NFTY.
Key characteristics
| HJPNX | NFTY | |
|---|---|---|
| YTD Return | 21.49% | 18.51% |
| 1Y Return | 27.87% | 30.16% |
| 3Y Return (Ann) | -1.87% | 11.69% |
| 5Y Return (Ann) | 6.49% | 16.54% |
| 10Y Return (Ann) | 8.76% | 7.83% |
| Sharpe Ratio | 1.20 | 1.97 |
| Daily Std Dev | 22.00% | 15.24% |
| Max Drawdown | -59.51% | -47.67% |
| Current Drawdown | -6.82% | 0.00% |
Correlation
The correlation between HJPNX and NFTY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HJPNX vs. NFTY - Performance Comparison
In the year-to-date period, HJPNX achieves a 21.49% return, which is significantly higher than NFTY's 18.51% return. Over the past 10 years, HJPNX has outperformed NFTY with an annualized return of 8.76%, while NFTY has yielded a comparatively lower 7.83% 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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HJPNX vs. NFTY - Expense Ratio Comparison
HJPNX has a 1.44% expense ratio, which is higher than NFTY's 0.80% expense ratio.
Risk-Adjusted Performance
HJPNX vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Fund (HJPNX) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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
HJPNX vs. NFTY - Dividend Comparison
HJPNX's dividend yield for the trailing twelve months is around 4.83%, more than NFTY's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJPNX Hennessy Japan Fund | 4.83% | 5.87% | 0.00% | 0.89% | 0.00% | 0.13% | 0.04% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.22% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% | 0.52% | 1.72% |
Drawdowns
HJPNX vs. NFTY - Drawdown Comparison
The maximum HJPNX drawdown since its inception was -59.51%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for HJPNX and NFTY. For additional features, visit the drawdowns tool.
Volatility
HJPNX vs. NFTY - Volatility Comparison
Hennessy Japan Fund (HJPNX) has a higher volatility of 8.09% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.01%. This indicates that HJPNX's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.