HJPSX vs. SPY
Compare and contrast key facts about Hennessy Japan Small Cap Fund (HJPSX) and SPDR S&P 500 ETF (SPY).
HJPSX is managed by Hennessy. It was launched on Aug 30, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HJPSX or SPY.
Correlation
The correlation between HJPSX and SPY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HJPSX vs. SPY - Performance Comparison
Key characteristics
HJPSX:
0.03
SPY:
1.88
HJPSX:
0.17
SPY:
2.51
HJPSX:
1.02
SPY:
1.35
HJPSX:
0.03
SPY:
2.83
HJPSX:
0.14
SPY:
11.89
HJPSX:
4.33%
SPY:
2.00%
HJPSX:
17.63%
SPY:
12.69%
HJPSX:
-47.91%
SPY:
-55.19%
HJPSX:
-14.39%
SPY:
-3.89%
Returns By Period
In the year-to-date period, HJPSX achieves a -4.55% return, which is significantly lower than SPY's -0.66% return. Over the past 10 years, HJPSX has underperformed SPY with an annualized return of 6.08%, while SPY has yielded a comparatively higher 13.18% annualized return.
HJPSX
-4.55%
-5.92%
-4.88%
0.92%
1.17%
6.08%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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HJPSX vs. SPY - Expense Ratio Comparison
HJPSX has a 1.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HJPSX vs. SPY — Risk-Adjusted Performance Rank
HJPSX
SPY
HJPSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Japan Small Cap Fund (HJPSX) and SPDR S&P 500 ETF (SPY). 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
HJPSX vs. SPY - Dividend Comparison
HJPSX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HJPSX Hennessy Japan Small Cap Fund | 0.00% | 0.00% | 0.85% | 0.60% | 0.01% | 0.23% | 1.30% | 0.00% | 0.33% | 1.11% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HJPSX vs. SPY - Drawdown Comparison
The maximum HJPSX drawdown since its inception was -47.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HJPSX and SPY. For additional features, visit the drawdowns tool.
Volatility
HJPSX vs. SPY - Volatility Comparison
The current volatility for Hennessy Japan Small Cap Fund (HJPSX) is 3.13%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.61%. This indicates that HJPSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.