HMSIX vs. VENAX
Compare and contrast key facts about Hennessy Midstream Fund (HMSIX) and Vanguard Energy Index Fund Admiral Shares (VENAX).
HMSIX is managed by Hennessy. It was launched on Dec 30, 2013. VENAX is managed by Vanguard. It was launched on Oct 7, 2004.
Performance
HMSIX vs. VENAX - Performance Comparison
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HMSIX vs. VENAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 17.65% | -0.49% | 36.21% | 23.75% | 29.15% | 36.58% | -31.00% | 11.97% | -20.24% |
VENAX Vanguard Energy Index Fund Admiral Shares | 39.76% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -23.85% |
Returns By Period
In the year-to-date period, HMSIX achieves a 17.65% return, which is significantly lower than VENAX's 39.76% return.
HMSIX
- 1D
- -0.63%
- 1M
- 4.11%
- YTD
- 17.65%
- 6M
- 18.55%
- 1Y
- 8.36%
- 3Y*
- 24.54%
- 5Y*
- 24.09%
- 10Y*
- —
VENAX
- 1D
- -1.12%
- 1M
- 11.69%
- YTD
- 39.76%
- 6M
- 41.02%
- 1Y
- 39.10%
- 3Y*
- 18.90%
- 5Y*
- 25.11%
- 10Y*
- 11.29%
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HMSIX vs. VENAX - Expense Ratio Comparison
HMSIX has a 1.51% expense ratio, which is higher than VENAX's 0.10% expense ratio.
Return for Risk
HMSIX vs. VENAX — Risk / Return Rank
HMSIX
VENAX
HMSIX vs. VENAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Midstream Fund (HMSIX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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 | VENAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 1.63 | -1.19 |
Sortino ratioReturn per unit of downside risk | 0.67 | 2.05 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.09 | -1.53 |
Martin ratioReturn relative to average drawdown | 0.94 | 5.98 | -5.04 |
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
| HMSIX | VENAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.63 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.95 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.29 | +0.08 |
Correlation
The correlation between HMSIX and VENAX is 0.79, 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.
Dividends
HMSIX vs. VENAX - Dividend Comparison
HMSIX's dividend yield for the trailing twelve months is around 7.29%, more than VENAX's 2.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMSIX Hennessy Midstream Fund | 7.29% | 8.42% | 7.74% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 4.67% | 0.00% | 0.00% | 0.00% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.25% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
HMSIX vs. VENAX - Drawdown Comparison
The maximum HMSIX drawdown since its inception was -68.43%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for HMSIX and VENAX.
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Drawdown Indicators
| HMSIX | VENAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.43% | -74.42% | +5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -19.04% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -26.59% | +5.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.58% | — |
Current DrawdownCurrent decline from peak | -0.91% | -1.12% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -20.09% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 6.64% | +2.43% |
Volatility
HMSIX vs. VENAX - Volatility Comparison
The current volatility for Hennessy Midstream Fund (HMSIX) is 4.23%, while Vanguard Energy Index Fund Admiral Shares (VENAX) has a volatility of 5.01%. This indicates that HMSIX experiences smaller price fluctuations and is considered to be less risky than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMSIX | VENAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 5.01% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 13.94% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 24.99% | -5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 26.55% | -6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.62% | 30.17% | -0.55% |