HNRIX vs. HFLGX

Last updated Apr 1, 2026

Compare and contrast key facts about Hennessy Energy Transition Fund (HNRIX) and Hennessy Cornerstone Large Cap Growth Fund (HFLGX).

HNRIX is managed by Hennessy. It was launched on Dec 30, 2013. HFLGX is managed by Hennessy. It was launched on Mar 20, 2009.

Performance

HNRIX vs. HFLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Energy Transition Fund (HNRIX) and Hennessy Cornerstone Large Cap Growth Fund (HFLGX). The values are adjusted to include any dividend payments, if applicable.

HNRIX vs. HFLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HNRIX Hennessy Energy Transition Fund	31.39%	12.87%	13.84%	4.09%	47.97%	55.91%	-25.63%	6.05%	-23.32%
HFLGX Hennessy Cornerstone Large Cap Growth Fund	3.18%	7.40%	4.38%	21.74%	-13.23%	34.89%	5.49%	27.53%	-10.75%

Returns By Period

In the year-to-date period, HNRIX achieves a 31.39% return, which is significantly higher than HFLGX's 3.18% return.

HNRIX

• 1D: -1.68%
• 1M: 8.55%
• YTD: 31.39%
• 6M: 36.94%
• 1Y: 38.71%
• 3Y*: 22.80%
• 5Y*: 25.50%
• 10Y*: —

HFLGX

• 1D: 0.34%
• 1M: -6.86%
• YTD: 3.18%
• 6M: 3.33%
• 1Y: 11.82%
• 3Y*: 10.52%
• 5Y*: 6.65%
• 10Y*: 10.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HNRIX vs. HFLGX - Expense Ratio Comparison

HNRIX has a 1.92% expense ratio, which is higher than HFLGX's 1.29% expense ratio.

HNRIX

Hennessy Energy Transition Fund

HFLGX

Hennessy Cornerstone Large Cap Growth Fund

Return for Risk

HNRIX vs. HFLGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HNRIX

HNRIX Risk / Return Rank: 83
HNRIX Sharpe Ratio Rank: 86
HNRIX Sortino Ratio Rank: 84
HNRIX Omega Ratio Rank: 81
HNRIX Calmar Ratio Rank: 84
HNRIX Martin Ratio Rank: 77

HFLGX

HFLGX Risk / Return Rank: 36
HFLGX Sharpe Ratio Rank: 35
HFLGX Sortino Ratio Rank: 37
HFLGX Omega Ratio Rank: 34
HFLGX Calmar Ratio Rank: 34
HFLGX Martin Ratio Rank: 39

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.

HNRIX vs. HFLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Energy Transition Fund (HNRIX) and Hennessy Cornerstone Large Cap Growth Fund (HFLGX). 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.

	HNRIX	HFLGX	Difference
Sharpe ratio Return per unit of total volatility	1.70	0.79	+0.91
Sortino ratio Return per unit of downside risk	2.20	1.22	+0.98
Omega ratio Gain probability vs. loss probability	1.32	1.17	+0.16
Calmar ratio Return relative to maximum drawdown	2.10	0.93	+1.16
Martin ratio Return relative to average drawdown	7.42	4.05	+3.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNRIX vs. HFLGX - Sharpe Ratio Comparison

The current HNRIX Sharpe Ratio is 1.70, which is higher than the HFLGX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of HNRIX and HFLGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HNRIX	HFLGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	0.79	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.39	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.74	-0.37

Correlation

The correlation between HNRIX and HFLGX is 0.62, 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

HNRIX vs. HFLGX - Dividend Comparison

HNRIX's dividend yield for the trailing twelve months is around 0.59%, less than HFLGX's 5.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HNRIX Hennessy Energy Transition Fund	0.59%	0.77%	0.14%	0.00%	0.76%	13.34%	0.00%	0.22%	0.00%	0.00%	0.00%	0.00%
HFLGX Hennessy Cornerstone Large Cap Growth Fund	5.88%	6.07%	4.44%	3.74%	19.36%	14.30%	5.26%	2.43%	26.78%	4.11%	7.15%	30.08%

Drawdowns

HNRIX vs. HFLGX - Drawdown Comparison

The maximum HNRIX drawdown since its inception was -74.75%, which is greater than HFLGX's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for HNRIX and HFLGX.

Drawdown Indicators

	HNRIX	HFLGX	Difference
Max Drawdown Largest peak-to-trough decline	-74.75%	-38.90%	-35.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.59%	-12.01%	-6.58%
Max Drawdown (5Y) Largest decline over 5 years	-28.56%	-25.67%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.90%	—
Current Drawdown Current decline from peak	-1.68%	-6.86%	+5.18%
Average Drawdown Average peak-to-trough decline	-15.53%	-4.90%	-10.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	2.77%	+2.48%

Volatility

HNRIX vs. HFLGX - Volatility Comparison

Hennessy Energy Transition Fund (HNRIX) has a higher volatility of 4.52% compared to Hennessy Cornerstone Large Cap Growth Fund (HFLGX) at 3.11%. This indicates that HNRIX's price experiences larger fluctuations and is considered to be riskier than HFLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNRIX	HFLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	3.11%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	8.56%	+4.74%
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	16.19%	+7.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.80%	17.15%	+9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.06%	18.88%	+16.18%