HJPSX vs. HFCVX
HJPSX (Hennessy Japan Small Cap Fund) and HFCVX (Hennessy Cornerstone Value Fund) are both mutual funds - HJPSX is a Japan Equities fund managed by Hennessy, while HFCVX is a Large Cap Value Equities fund managed by Hennessy. Over the past 10 years, HJPSX returned 10.76%/yr vs 11.06%/yr for HFCVX. Their 0.41 correlation means their historical movements had little consistent relationship. HJPSX charges 1.57%/yr vs 1.23%/yr for HFCVX.
Performance
HJPSX vs. HFCVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HJPSX having a 16.08% return and HFCVX slightly higher at 16.34%. Both investments have delivered pretty close results over the past 10 years, with HJPSX having a 10.76% annualized return and HFCVX not far ahead at 11.06%.
HJPSX
- 1D
- 1.39%
- 1M
- 1.44%
- 6M
- 9.98%
- YTD
- 16.08%
- 1Y
- 23.49%
- 3Y*
- 21.17%
- 5Y*
- 8.44%
- 10Y*
- 10.76%
- ALL TIME*
- 9.33%
HFCVX
- 1D
- -0.23%
- 1M
- 3.52%
- 6M
- 8.32%
- YTD
- 16.34%
- 1Y
- 26.47%
- 3Y*
- 15.92%
- 5Y*
- 13.03%
- 10Y*
- 11.06%
- ALL TIME*
- 7.79%
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 |
HJPSX vs. HFCVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HJPSX Hennessy Japan Small Cap Fund | 16.08% | 29.02% | 8.24% | 16.30% | -16.35% | -4.64% | 13.43% | 19.97% | -12.56% | 49.60% |
HFCVX Hennessy Cornerstone Value Fund | 16.34% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -9.50% | 19.21% |
Correlation
The correlation between HJPSX and HFCVX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2007 | 0.41 |
Over the past year, the correlation between HJPSX and HFCVX has dropped to 0.17 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
HJPSX vs. HFCVX — Risk / Return Rank
HJPSX
HFCVX
HJPSX vs. HFCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Small Cap Fund (HJPSX) and Hennessy Cornerstone Value Fund (HFCVX). 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.
| HJPSX | HFCVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 7.21 | -5.48 |
| Martin ratioReturn relative to average drawdown | 5.10 | 20.26 | -15.16 |
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Drawdowns
HJPSX vs. HFCVX - Drawdown Comparison
The maximum HJPSX drawdown since its inception was -47.91%, smaller than the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for HJPSX and HFCVX.
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Drawdown Indicators
| HJPSX | HFCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -65.75% | +17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -3.77% | -11.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -11.32% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -33.24% | -16.81% | -16.43% |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | -39.39% | +4.59% |
Current DrawdownCurrent decline from peak | -1.82% | -0.73% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -8.20% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 1.34% | +3.67% |
Volatility
HJPSX vs. HFCVX - Volatility Comparison
Hennessy Japan Small Cap Fund (HJPSX) has a higher volatility of 6.43% compared to Hennessy Cornerstone Value Fund (HFCVX) at 3.00%. This indicates that HJPSX's price experiences larger fluctuations and is considered to be riskier than HFCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HJPSX | HFCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 3.00% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 7.35% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.40% | 9.50% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 13.22% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 16.36% | +1.41% |
HJPSX vs. HFCVX - Expense Ratio Comparison
HJPSX has a 1.57% expense ratio, which is higher than HFCVX's 1.23% expense ratio.
Dividends
HJPSX vs. HFCVX - Dividend Comparison
HJPSX's dividend yield for the trailing twelve months is around 11.41%, more than HFCVX's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 6.36% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
HJPSX Hennessy Japan Small Cap Fund | 11.41% | 13.25% | 3.64% | 0.85% | 0.61% | 0.43% | 0.23% | 1.30% | 3.46% | 2.09% | 2.03% | 3.34% |
Frequently Asked Questions
HJPSX and HFCVX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HJPSX has higher volatility (6.43%) compared to HFCVX (3.00%). In terms of maximum drawdown, HJPSX dropped -47.91% vs HFCVX's -65.75%.
HFCVX currently has the higher Sharpe Ratio (2.87 vs 1.39), 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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