HSFNX vs. FSVLX
HSFNX (Hennessy Small Cap Financial Fund) and FSVLX (Fidelity Select Fintech Portfolio) are both Financials Equities funds. Over the past 10 years, HSFNX returned 10.11%/yr vs 7.11%/yr for FSVLX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. HSFNX charges 1.58%/yr vs 0.81%/yr for FSVLX.
Performance
HSFNX vs. FSVLX - Performance Comparison
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Returns By Period
In the year-to-date period, HSFNX achieves a 15.24% return, which is significantly higher than FSVLX's -11.79% return. Over the past 10 years, HSFNX has outperformed FSVLX with an annualized return of 10.11%, while FSVLX has yielded a comparatively lower 7.11% annualized return.
HSFNX
- 1D
- 0.29%
- 1M
- 0.00%
- 6M
- 8.89%
- YTD
- 15.24%
- 1Y
- 36.04%
- 3Y*
- 16.62%
- 5Y*
- 8.63%
- 10Y*
- 10.11%
- ALL TIME*
- 4.58%
FSVLX
- 1D
- -0.41%
- 1M
- 3.00%
- 6M
- -1.04%
- YTD
- -11.79%
- 1Y
- -11.83%
- 3Y*
- 3.63%
- 5Y*
- -2.49%
- 10Y*
- 7.11%
- ALL TIME*
- 8.04%
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 |
HSFNX vs. FSVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSFNX Hennessy Small Cap Financial Fund | 15.24% | 12.79% | 10.76% | 4.64% | -11.14% | 42.76% | 2.56% | 19.91% | -15.88% | -0.20% |
FSVLX Fidelity Select Fintech Portfolio | -11.79% | 0.26% | 22.04% | 24.55% | -29.75% | 22.31% | 2.25% | 34.18% | -10.51% | 23.13% |
Correlation
The correlation between HSFNX and FSVLX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.75 |
Over the past year, the correlation between HSFNX and FSVLX has dropped to 0.47 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
HSFNX vs. FSVLX — Risk / Return Rank
HSFNX
FSVLX
HSFNX vs. FSVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Small Cap Financial Fund (HSFNX) and Fidelity Select Fintech Portfolio (FSVLX). 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.
| HSFNX | FSVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.91 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.49 | +2.85 |
| Martin ratioReturn relative to average drawdown | 6.31 | -0.91 | +7.23 |
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Drawdowns
HSFNX vs. FSVLX - Drawdown Comparison
The maximum HSFNX drawdown since its inception was -70.18%, smaller than the maximum FSVLX drawdown of -83.84%. Use the drawdown chart below to compare losses from any high point for HSFNX and FSVLX.
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Drawdown Indicators
| HSFNX | FSVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.18% | -83.84% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -29.85% | +16.24% |
Max Drawdown (3Y)Largest decline over 3 years | -27.33% | -31.70% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -43.00% | -42.62% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -50.68% | -51.70% | +1.02% |
Current DrawdownCurrent decline from peak | -2.95% | -18.18% | +15.23% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -25.63% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 16.08% | -11.00% |
Volatility
HSFNX vs. FSVLX - Volatility Comparison
The current volatility for Hennessy Small Cap Financial Fund (HSFNX) is 6.18%, while Fidelity Select Fintech Portfolio (FSVLX) has a volatility of 7.58%. This indicates that HSFNX experiences smaller price fluctuations and is considered to be less risky than FSVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSFNX | FSVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 7.58% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.38% | 19.59% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 23.53% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.23% | 24.89% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.31% | 25.87% | +3.44% |
HSFNX vs. FSVLX - Expense Ratio Comparison
HSFNX has a 1.58% expense ratio, which is higher than FSVLX's 0.81% expense ratio.
Dividends
HSFNX vs. FSVLX - Dividend Comparison
HSFNX's dividend yield for the trailing twelve months is around 9.54%, while FSVLX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSVLX Fidelity Select Fintech Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 19.25% | 1.93% | 1.77% | 8.59% | 1.58% | 3.84% | 10.51% |
HSFNX Hennessy Small Cap Financial Fund | 9.54% | 10.99% | 5.97% | 4.63% | 9.14% | 0.97% | 0.91% | 3.43% | 7.34% | 8.19% | 12.46% | 7.38% |
Frequently Asked Questions
HSFNX and FSVLX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSVLX has higher volatility (7.58%) compared to HSFNX (6.18%). In terms of maximum drawdown, HSFNX dropped -70.18% vs FSVLX's -83.84%.
HSFNX currently has the higher Sharpe Ratio (1.36 vs -0.62), 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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