HMSFX vs. HFCVX
Compare and contrast key facts about Hennessy Midstream Fund Investor Class (HMSFX) and Hennessy Cornerstone Value Fund (HFCVX).
HMSFX is a passively managed fund by Hennessy that tracks the performance of the Alerian US Midstream Energy Index. It was launched on Dec 31, 2013. HFCVX is managed by Hennessy. It was launched on Nov 1, 1996.
Performance
HMSFX vs. HFCVX - Performance Comparison
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HMSFX vs. HFCVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HMSFX Hennessy Midstream Fund Investor Class | 16.01% | -0.76% | 35.85% | 23.50% | 28.88% | 36.22% | -31.21% | 11.77% | -20.36% |
HFCVX Hennessy Cornerstone Value Fund | 9.21% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -11.87% |
Returns By Period
In the year-to-date period, HMSFX achieves a 16.01% return, which is significantly higher than HFCVX's 9.21% return.
HMSFX
- 1D
- -1.27%
- 1M
- 0.77%
- YTD
- 16.01%
- 6M
- 17.05%
- 1Y
- 5.93%
- 3Y*
- 23.67%
- 5Y*
- 23.06%
- 10Y*
- —
HFCVX
- 1D
- 0.83%
- 1M
- -1.38%
- YTD
- 9.21%
- 6M
- 12.87%
- 1Y
- 18.71%
- 3Y*
- 14.74%
- 5Y*
- 12.33%
- 10Y*
- 10.85%
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HMSFX vs. HFCVX - Expense Ratio Comparison
HMSFX has a 1.75% expense ratio, which is higher than HFCVX's 1.23% expense ratio.
Return for Risk
HMSFX vs. HFCVX — Risk / Return Rank
HMSFX
HFCVX
HMSFX vs. HFCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund Investor Class (HMSFX) 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.
| HMSFX | HFCVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.44 | -1.10 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.95 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.72 | -1.29 |
Martin ratioReturn relative to average drawdown | 0.72 | 7.47 | -6.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HMSFX | HFCVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.44 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.93 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.40 | -0.05 |
Correlation
The correlation between HMSFX and HFCVX is 0.67, 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.
Dividends
HMSFX vs. HFCVX - Dividend Comparison
HMSFX's dividend yield for the trailing twelve months is around 7.82%, more than HFCVX's 6.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSFX Hennessy Midstream Fund Investor Class | 7.82% | 8.89% | 8.12% | 10.11% | 11.23% | 12.99% | 15.54% | 9.26% | 4.74% | 0.00% | 0.00% | 0.00% |
HFCVX Hennessy Cornerstone Value Fund | 6.77% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
Drawdowns
HMSFX vs. HFCVX - Drawdown Comparison
The maximum HMSFX drawdown since its inception was -68.50%, roughly equal to the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for HMSFX and HFCVX.
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Drawdown Indicators
| HMSFX | HFCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -65.75% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -11.00% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -16.81% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.39% | — |
Current DrawdownCurrent decline from peak | -2.15% | -1.46% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -8.28% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 2.61% | +6.56% |
Volatility
HMSFX vs. HFCVX - Volatility Comparison
Hennessy Midstream Fund Investor Class (HMSFX) has a higher volatility of 4.10% compared to Hennessy Cornerstone Value Fund (HFCVX) at 3.06%. This indicates that HMSFX'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
| HMSFX | HFCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.06% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 6.83% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 12.75% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 13.28% | +6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.61% | 16.48% | +13.13% |