HNRIX vs. HTECX
HNRIX (Hennessy Energy Transition Fund) and HTECX (Hennessy Technology Fund) are both mutual funds - HNRIX is a Energy Equities fund managed by Hennessy, while HTECX is a Technology Equities fund managed by Hennessy. Over the past 5 years, HNRIX returned 23.40%/yr vs 10.83%/yr for HTECX. Their 0.42 correlation means their historical movements had little consistent relationship. HNRIX charges 1.92%/yr vs 1.23%/yr for HTECX.
Performance
HNRIX vs. HTECX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HNRIX having a 24.44% return and HTECX slightly lower at 23.44%.
HNRIX
- 1D
- 0.92%
- 1M
- 6.44%
- 6M
- 10.68%
- YTD
- 24.44%
- 1Y
- 38.29%
- 3Y*
- 15.89%
- 5Y*
- 23.40%
- 10Y*
- —
- ALL TIME*
- 11.49%
HTECX
- 1D
- 0.23%
- 1M
- 3.09%
- 6M
- 23.95%
- YTD
- 23.44%
- 1Y
- 36.30%
- 3Y*
- 21.04%
- 5Y*
- 10.83%
- 10Y*
- 14.50%
- ALL TIME*
- 7.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HNRIX vs. HTECX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HNRIX Hennessy Energy Transition Fund | 24.44% | 12.87% | 13.84% | 4.09% | 47.97% | 55.91% | -25.63% | 6.05% | -23.32% |
HTECX Hennessy Technology Fund | 23.44% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -7.75% |
Correlation
The correlation between HNRIX and HTECX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018 | 0.42 |
The correlation between HNRIX and HTECX shifts across timeframes, from -0.01 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HNRIX vs. HTECX — Risk / Return Rank
HNRIX
HTECX
HNRIX vs. HTECX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Energy Transition Fund (HNRIX) and Hennessy Technology Fund (HTECX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HNRIX | HTECX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.12 | +0.56 |
| Martin ratioReturn relative to average drawdown | 7.78 | 6.20 | +1.58 |
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Drawdowns
HNRIX vs. HTECX - Drawdown Comparison
The maximum HNRIX drawdown since its inception was -74.75%, which is greater than HTECX's maximum drawdown of -58.85%. Use the drawdown chart below to compare losses from any high point for HNRIX and HTECX.
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Drawdown Indicators
| HNRIX | HTECX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.75% | -58.85% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -15.01% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -26.64% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.56% | -34.88% | +6.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -6.87% | -0.15% | -6.72% |
Average DrawdownAverage peak-to-trough decline | -15.14% | -11.89% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 5.13% | -0.61% |
Volatility
HNRIX vs. HTECX - Volatility Comparison
Hennessy Energy Transition Fund (HNRIX) and Hennessy Technology Fund (HTECX) have volatilities of 5.45% and 5.26%, 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.
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Volatility by Period
| HNRIX | HTECX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.26% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 17.51% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 21.79% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.24% | 24.51% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.56% | 23.80% | +10.76% |
HNRIX vs. HTECX - Expense Ratio Comparison
HNRIX has a 1.92% expense ratio, which is higher than HTECX's 1.23% expense ratio.
Dividends
HNRIX vs. HTECX - Dividend Comparison
HNRIX's dividend yield for the trailing twelve months is around 0.62%, less than HTECX's 17.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HNRIX Hennessy Energy Transition Fund | 0.62% | 0.77% | 0.14% | 0.00% | 0.76% | 13.34% | 0.00% | 0.22% | 0.00% | 0.00% |
HTECX Hennessy Technology Fund | 17.14% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% |
Frequently Asked Questions
HNRIX and HTECX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNRIX has higher volatility (5.45%) compared to HTECX (5.26%). In terms of maximum drawdown, HNRIX dropped -74.75% vs HTECX's -58.85%.
HNRIX currently has the higher Sharpe Ratio (1.85 vs 1.46), 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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