HLFNX vs. FASGX
HLFNX (Hennessy Large Cap Financial Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - HLFNX is a Financials Equities fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by Fidelity. Over the past 10 years, HLFNX returned 11.82%/yr vs 9.58%/yr for FASGX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HLFNX charges 1.68%/yr vs 0.66%/yr for FASGX.
Performance
HLFNX vs. FASGX - Performance Comparison
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Returns By Period
In the year-to-date period, HLFNX achieves a 3.46% return, which is significantly lower than FASGX's 10.24% return. Over the past 10 years, HLFNX has outperformed FASGX with an annualized return of 11.82%, while FASGX has yielded a comparatively lower 9.58% annualized return.
HLFNX
- 1D
- 1.09%
- 1M
- 1.30%
- 6M
- 6.90%
- YTD
- 3.46%
- 1Y
- 11.35%
- 3Y*
- 19.53%
- 5Y*
- 5.07%
- 10Y*
- 11.82%
- ALL TIME*
- 5.13%
FASGX
- 1D
- 1.69%
- 1M
- -0.72%
- 6M
- 7.00%
- YTD
- 10.24%
- 1Y
- 20.53%
- 3Y*
- 14.25%
- 5Y*
- 7.62%
- 10Y*
- 9.58%
- ALL TIME*
- 8.23%
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 |
HLFNX vs. FASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLFNX Hennessy Large Cap Financial Fund | 3.46% | 22.07% | 28.45% | 4.58% | -24.88% | 18.96% | 16.55% | 29.75% | -11.78% | 19.42% |
FASGX Fidelity Asset Manager 70% Fund | 10.24% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Correlation
The correlation between HLFNX and FASGX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.77 |
The correlation between HLFNX and FASGX shifts across timeframes, from 0.61 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HLFNX vs. FASGX — Risk / Return Rank
HLFNX
FASGX
HLFNX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Large Cap Financial Fund (HLFNX) and Fidelity Asset Manager 70% Fund (FASGX). 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.
| HLFNX | FASGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.41 | -2.05 |
| Martin ratioReturn relative to average drawdown | 0.88 | 10.13 | -9.25 |
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Drawdowns
HLFNX vs. FASGX - Drawdown Comparison
The maximum HLFNX drawdown since its inception was -71.74%, which is greater than FASGX's maximum drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for HLFNX and FASGX.
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Drawdown Indicators
| HLFNX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.74% | -47.35% | -24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -18.44% | -7.95% | -10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -12.80% | -11.22% |
Max Drawdown (5Y)Largest decline over 5 years | -44.03% | -23.54% | -20.49% |
Max Drawdown (10Y)Largest decline over 10 years | -44.03% | -27.20% | -16.83% |
Current DrawdownCurrent decline from peak | -0.95% | -1.63% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -6.69% | -14.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 1.89% | +5.61% |
Volatility
HLFNX vs. FASGX - Volatility Comparison
Hennessy Large Cap Financial Fund (HLFNX) has a higher volatility of 5.34% compared to Fidelity Asset Manager 70% Fund (FASGX) at 3.33%. This indicates that HLFNX's price experiences larger fluctuations and is considered to be riskier than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLFNX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 3.33% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 9.76% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 11.54% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.89% | 12.46% | +11.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 12.68% | +11.47% |
HLFNX vs. FASGX - Expense Ratio Comparison
HLFNX has a 1.68% expense ratio, which is higher than FASGX's 0.66% expense ratio.
Dividends
HLFNX vs. FASGX - Dividend Comparison
HLFNX's dividend yield for the trailing twelve months is around 7.66%, more than FASGX's 6.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 6.65% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
HLFNX Hennessy Large Cap Financial Fund | 7.66% | 7.92% | 0.56% | 1.72% | 7.39% | 5.16% | 0.00% | 0.00% | 3.15% | 4.60% | 0.54% | 10.23% |
Frequently Asked Questions
HLFNX and FASGX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLFNX has higher volatility (5.34%) compared to FASGX (3.33%). In terms of maximum drawdown, HLFNX dropped -71.74% vs FASGX's -47.35%.
FASGX currently has the higher Sharpe Ratio (1.66 vs 0.33), 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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