HNRIX vs. MLOZX

Last updated Aug 5, 2026

HNRIX (Hennessy Energy Transition Fund) and MLOZX (Cohen & Steers MLP & Energy Opportunity Fund, Inc.) are both Energy Equities funds. Their correlation of 0.86 means they have usually moved in the same direction. HNRIX charges 1.92%/yr vs 0.90%/yr for MLOZX.

Performance

HNRIX vs. MLOZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hennessy Energy Transition Fund (HNRIX) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HNRIX

• 1D: -0.67%
• 1M: 6.83%
• 6M: 9.94%
• YTD: 24.89%
• 1Y: 38.75%
• 3Y*: 16.36%
• 5Y*: 24.19%
• 10Y*: —
• ALL TIME*: 11.53%

MLOZX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HNRIX Hennessy Energy Transition Fund	$0.00	$0.00	$0.00

HNRIX vs. MLOZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HNRIX Hennessy Energy Transition Fund	24.89%	12.87%	13.84%	4.09%	47.97%	55.91%	-25.63%	6.05%	-23.32%
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc.	32.43%	17.35%	12.16%	10.49%	21.10%	39.09%	-26.70%	12.62%	-11.00%

Correlation

The correlation between HNRIX and MLOZX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018	0.86

The correlation between HNRIX and MLOZX shifts across timeframes, from 0.69 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HNRIX vs. MLOZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HNRIX

HNRIX Risk / Return Rank: 73
HNRIX Sharpe Ratio Rank: 82
HNRIX Sortino Ratio Rank: 74
HNRIX Omega Ratio Rank: 70
HNRIX Calmar Ratio Rank: 81
HNRIX Martin Ratio Rank: 59

MLOZX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HNRIX vs. MLOZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hennessy Energy Transition Fund (HNRIX) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX). 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	MLOZX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	8.63	—	—

Drawdowns

Drawdown Indicators

	HNRIX	MLOZX	Difference
Max Drawdown Largest peak-to-trough decline	-74.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.56%	—	—
Current Drawdown Current decline from peak	-6.53%	—	—
Average Drawdown Average peak-to-trough decline	-15.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	—	—

Volatility

Volatility by Period

	HNRIX	MLOZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.54%	—	—

HNRIX vs. MLOZX - Expense Ratio Comparison

HNRIX has a 1.92% expense ratio, which is higher than MLOZX's 0.90% expense ratio.

Dividends

HNRIX vs. MLOZX - Dividend Comparison

HNRIX's dividend yield for the trailing twelve months is around 0.62%, less than MLOZX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
MLOZX Cohen & Steers MLP & Energy Opportunity Fund, Inc.	1.45%	1.71%	10.24%	4.61%	3.66%	3.08%	6.57%	6.21%	4.44%	3.86%	3.72%	6.05%

Frequently Asked Questions

Can I hold both HNRIX and MLOZX in my portfolio?

HNRIX and MLOZX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.