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HLFNX vs. WFSPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HLFNX vs. WFSPX

Last updated Jun 5, 2026

HLFNX (Hennessy Large Cap Financial Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - HLFNX is a Financials Equities fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, HLFNX returned 10.51%/yr vs 15.46%/yr for WFSPX. A 0.79 correlation means they provide meaningful diversification when combined. HLFNX charges 1.68%/yr vs 0.03%/yr for WFSPX.

Performance

HLFNX vs. WFSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Large Cap Financial Fund (HLFNX) and iShares S&P 500 Index Fund (WFSPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HLFNX achieves a -6.38% return, which is significantly lower than WFSPX's 10.87% return. Over the past 10 years, HLFNX has underperformed WFSPX with an annualized return of 10.51%, while WFSPX has yielded a comparatively higher 15.46% annualized return.

HLFNX

1D
-1.71%
1M
-1.05%
YTD
-6.38%
6M
-5.24%
1Y
7.66%
3Y*
20.96%
5Y*
3.05%
10Y*
10.51%

WFSPX

1D
-0.74%
1M
4.17%
YTD
10.87%
6M
10.77%
1Y
27.97%
3Y*
22.41%
5Y*
13.88%
10Y*
15.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HLFNX vs. WFSPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HLFNX
Hennessy Large Cap Financial Fund		-6.38%22.07%28.45%4.58%-24.88%18.96%16.55%29.75%-11.78%19.42%
WFSPX
iShares S&P 500 Index Fund		10.87%17.83%24.94%26.25%-18.14%28.63%18.43%31.45%-4.83%21.27%

Correlation

The correlation between HLFNX and WFSPX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Jan 3, 1997

0.79

The correlation between HLFNX and WFSPX shifts across timeframes, from 0.65 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Hennessy Large Cap Financial Fund

iShares S&P 500 Index Fund

Often compared with HLFNX:
HLFNX vs. RYKIXHLFNX vs. HSFNXHLFNX vs. FSRBXHLFNX vs. RMBKXHLFNX vs. FASGXHLFNX vs. FLCHLFNX vs. NASDX
Often compared with WFSPX:
WFSPX vs. JLGMXWFSPX vs. VOOWFSPX vs. FSPGXWFSPX vs. FXAIXWFSPX vs. BRMKXWFSPX vs. IVVWFSPX vs. APGYX

Return for Risk

HLFNX vs. WFSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HLFNX
HLFNX Risk / Return Rank: 55
Overall Rank
HLFNX Sharpe Ratio Rank: 55
Sharpe Ratio Rank
HLFNX Sortino Ratio Rank: 55
Sortino Ratio Rank
HLFNX Omega Ratio Rank: 55
Omega Ratio Rank
HLFNX Calmar Ratio Rank: 55
Calmar Ratio Rank
HLFNX Martin Ratio Rank: 55
Martin Ratio Rank
WFSPX
WFSPX Risk / Return Rank: 6666
Overall Rank
WFSPX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
WFSPX Sortino Ratio Rank: 5959
Sortino Ratio Rank
WFSPX Omega Ratio Rank: 6060
Omega Ratio Rank
WFSPX Calmar Ratio Rank: 6767
Calmar Ratio Rank
WFSPX Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLFNX vs. WFSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Large Cap Financial Fund (HLFNX) and iShares S&P 500 Index Fund (WFSPX). 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.

HLFNXWFSPXDifference
Sharpe ratioReturn per unit of total volatility
0.37
2.37

-2.00

Sortino ratioReturn per unit of downside risk
0.62
3.24

-2.61

Omega ratioGain probability vs. loss probability

1.08

1.43

-0.35

Calmar ratioReturn relative to maximum drawdown

0.39

3.16

-2.77

Martin ratioReturn relative to average drawdown

0.98

14.75

-13.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLFNX vs. WFSPX - Sharpe Ratio Comparison

The current HLFNX Sharpe Ratio is 0.37, which is lower than the WFSPX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of HLFNX and WFSPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HLFNXWFSPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.37

2.37

-2.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.83

-0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.86

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.13

+0.06

Drawdowns

HLFNX vs. WFSPX - Drawdown Comparison

The maximum HLFNX drawdown since its inception was -71.74%, which is greater than WFSPX's maximum drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for HLFNX and WFSPX.

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Drawdown Indicators

HLFNXWFSPXDifference

Max Drawdown

Largest peak-to-trough decline

-71.74%

-58.21%

-13.53%

Max Drawdown (1Y)

Largest decline over 1 year

-18.44%

-8.90%

-9.54%

Max Drawdown (3Y)

Largest decline over 3 years

-24.02%

-18.74%

-5.28%

Max Drawdown (5Y)

Largest decline over 5 years

-44.03%

-24.51%

-19.52%

Max Drawdown (10Y)

Largest decline over 10 years

-44.03%

-33.74%

-10.29%

Current Drawdown

Current decline from peak

-10.37%

-0.74%

-9.63%

Average Drawdown

Average peak-to-trough decline

-21.29%

-12.77%

-8.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.41%

1.90%

+5.51%

Volatility

HLFNX vs. WFSPX - Volatility Comparison

Hennessy Large Cap Financial Fund (HLFNX) has a higher volatility of 4.42% compared to iShares S&P 500 Index Fund (WFSPX) at 2.92%. This indicates that HLFNX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HLFNXWFSPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.42%

2.92%

+1.50%

Volatility (6M)

Calculated over the trailing 6-month period

14.29%

8.99%

+5.30%

Volatility (1Y)

Calculated over the trailing 1-year period

19.84%

11.88%

+7.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.87%

16.88%

+6.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.20%

18.02%

+6.18%

HLFNX vs. WFSPX - Expense Ratio Comparison

HLFNX has a 1.68% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

HLFNX vs. WFSPX - Dividend Comparison

HLFNX's dividend yield for the trailing twelve months is around 8.46%, more than WFSPX's 1.58% yield.

PositionTTM20252024202320222021202020192018201720162015
HLFNX
Hennessy Large Cap Financial Fund		8.46%7.92%0.56%1.72%7.39%5.16%0.00%0.00%3.15%4.60%0.54%10.23%
WFSPX
iShares S&P 500 Index Fund		1.58%1.72%1.41%1.50%2.02%1.82%1.66%1.99%2.00%1.62%2.37%2.49%

Frequently Asked Questions

HLFNX and WFSPX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HLFNX has higher volatility (4.42%) compared to WFSPX (2.92%). In terms of maximum drawdown, HLFNX dropped -71.74% vs WFSPX's -58.21%.

WFSPX currently has the higher Sharpe Ratio (2.37 vs 0.37), 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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