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HMSIX vs. ENFR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HMSIXENFR
YTD Return21.79%27.42%
1Y Return25.64%32.48%
3Y Return (Ann)26.25%21.11%
5Y Return (Ann)12.12%13.10%
Sharpe Ratio1.942.43
Daily Std Dev13.41%13.31%
Max Drawdown-67.21%-68.28%
Current Drawdown-0.43%-0.46%

Correlation

-0.50.00.51.00.9

The correlation between HMSIX and ENFR is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

HMSIX vs. ENFR - Performance Comparison

In the year-to-date period, HMSIX achieves a 21.79% return, which is significantly lower than ENFR's 27.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
8.22%
16.48%
HMSIX
ENFR

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HMSIX vs. ENFR - Expense Ratio Comparison

HMSIX has a 1.51% expense ratio, which is higher than ENFR's 0.35% expense ratio.


HMSIX
Hennessy Midstream Fund
Expense ratio chart for HMSIX: current value at 1.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.51%
Expense ratio chart for ENFR: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

HMSIX vs. ENFR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund (HMSIX) and Alerian Energy Infrastructure ETF (ENFR). 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.


HMSIX
Sharpe ratio
The chart of Sharpe ratio for HMSIX, currently valued at 1.94, compared to the broader market-1.000.001.002.003.004.005.001.94
Sortino ratio
The chart of Sortino ratio for HMSIX, currently valued at 2.73, compared to the broader market0.005.0010.002.73
Omega ratio
The chart of Omega ratio for HMSIX, currently valued at 1.33, compared to the broader market1.002.003.004.001.33
Calmar ratio
The chart of Calmar ratio for HMSIX, currently valued at 3.71, compared to the broader market0.005.0010.0015.0020.003.71
Martin ratio
The chart of Martin ratio for HMSIX, currently valued at 11.07, compared to the broader market0.0020.0040.0060.0080.00100.0011.07
ENFR
Sharpe ratio
The chart of Sharpe ratio for ENFR, currently valued at 2.43, compared to the broader market-1.000.001.002.003.004.005.002.43
Sortino ratio
The chart of Sortino ratio for ENFR, currently valued at 3.37, compared to the broader market0.005.0010.003.37
Omega ratio
The chart of Omega ratio for ENFR, currently valued at 1.42, compared to the broader market1.002.003.004.001.42
Calmar ratio
The chart of Calmar ratio for ENFR, currently valued at 5.31, compared to the broader market0.005.0010.0015.0020.005.31
Martin ratio
The chart of Martin ratio for ENFR, currently valued at 17.78, compared to the broader market0.0020.0040.0060.0080.00100.0017.78

HMSIX vs. ENFR - Sharpe Ratio Comparison

The current HMSIX Sharpe Ratio is 1.94, which roughly equals the ENFR Sharpe Ratio of 2.43. The chart below compares the 12-month rolling Sharpe Ratio of HMSIX and ENFR.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50AprilMayJuneJulyAugustSeptember
1.94
2.43
HMSIX
ENFR

Dividends

HMSIX vs. ENFR - Dividend Comparison

HMSIX's dividend yield for the trailing twelve months is around 8.51%, more than ENFR's 4.77% yield.


TTM20232022202120202019201820172016201520142013
HMSIX
Hennessy Midstream Fund
8.51%9.70%10.84%12.61%15.17%9.10%2.33%0.00%0.00%0.00%0.00%0.00%
ENFR
Alerian Energy Infrastructure ETF
4.77%5.48%5.23%7.86%7.57%5.81%3.98%2.98%3.31%3.34%2.15%0.26%

Drawdowns

HMSIX vs. ENFR - Drawdown Comparison

The maximum HMSIX drawdown since its inception was -67.21%, roughly equal to the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for HMSIX and ENFR. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AprilMayJuneJulyAugustSeptember
-0.43%
-0.46%
HMSIX
ENFR

Volatility

HMSIX vs. ENFR - Volatility Comparison

Hennessy Midstream Fund (HMSIX) and Alerian Energy Infrastructure ETF (ENFR) have volatilities of 3.76% and 3.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%AprilMayJuneJulyAugustSeptember
3.76%
3.71%
HMSIX
ENFR