HJPSX vs. QFIN
HJPSX (Hennessy Japan Small Cap Fund) is Japan Equities fund managed by Hennessy, while QFIN (360 DigiTech, Inc.) is a stock. Over the past 5 years, HJPSX returned 8.15%/yr vs -12.03%/yr for QFIN. At a 0.23 correlation, their price movements are largely independent.
Performance
HJPSX vs. QFIN - Performance Comparison
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Returns By Period
In the year-to-date period, HJPSX achieves a 12.79% return, which is significantly higher than QFIN's -15.31% return.
HJPSX
- 1D
- 1.71%
- 1M
- -1.79%
- YTD
- 12.79%
- 6M
- 15.92%
- 1Y
- 30.46%
- 3Y*
- 18.80%
- 5Y*
- 8.15%
- 10Y*
- 10.57%
QFIN
- 1D
- 2.67%
- 1M
- 20.41%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
HJPSX vs. QFIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HJPSX Hennessy Japan Small Cap Fund | 12.79% | 29.02% | 8.24% | 16.30% | -16.35% | -4.64% | 13.43% | 19.97% | -4.94% |
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
Correlation
The correlation between HJPSX and QFIN is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.23 |
The correlation between HJPSX and QFIN shifts across timeframes, from 0.10 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HJPSX vs. QFIN — Risk / Return Rank
HJPSX
QFIN
HJPSX vs. QFIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Small Cap Fund (HJPSX) and 360 DigiTech, Inc. (QFIN). 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 | QFIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +4.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.76 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | -0.83 | +2.85 |
| Martin ratioReturn relative to average drawdown | 6.15 | -1.13 | +7.28 |
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Drawdowns
HJPSX vs. QFIN - Drawdown Comparison
The maximum HJPSX drawdown since its inception was -47.91%, smaller than the maximum QFIN drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for HJPSX and QFIN.
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Drawdown Indicators
| HJPSX | QFIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -76.74% | +28.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -72.31% | +57.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -73.15% | +58.38% |
Max Drawdown (5Y)Largest decline over 5 years | -33.24% | -76.74% | +43.50% |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | — | — |
Current DrawdownCurrent decline from peak | -4.60% | -64.51% | +59.91% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -45.54% | +35.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 53.01% | -48.18% |
Volatility
HJPSX vs. QFIN - Volatility Comparison
The current volatility for Hennessy Japan Small Cap Fund (HJPSX) is 4.08%, while 360 DigiTech, Inc. (QFIN) has a volatility of 29.45%. This indicates that HJPSX experiences smaller price fluctuations and is considered to be less risky than QFIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HJPSX | QFIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 29.45% | -25.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 38.71% | -25.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.47% | 55.12% | -37.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 66.39% | -49.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 72.04% | -54.29% |
Dividends
HJPSX vs. QFIN - Dividend Comparison
HJPSX's dividend yield for the trailing twelve months is around 11.74%, more than QFIN's 10.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJPSX Hennessy Japan Small Cap Fund | 11.74% | 13.25% | 3.64% | 0.85% | 0.61% | 0.43% | 0.23% | 1.30% | 3.46% | 2.09% | 2.03% | 3.34% |
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HJPSX and QFIN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to HJPSX (4.08%). In terms of maximum drawdown, HJPSX dropped -47.91% vs QFIN's -76.74%.
HJPSX currently has the higher Sharpe Ratio (1.71 vs -1.09), 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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