HTECX vs. GASFX
HTECX (Hennessy Technology Fund) and GASFX (Hennessy Gas Utility Fund) are both mutual funds - HTECX is a Technology Equities fund managed by Hennessy, while GASFX is a Utilities Equities fund managed by Hennessy. Over the past 10 years, HTECX returned 14.50%/yr vs 8.91%/yr for GASFX. Their 0.48 correlation means their historical movements had little consistent relationship. HTECX charges 1.23%/yr vs 1.00%/yr for GASFX.
Performance
HTECX vs. GASFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTECX achieves a 23.44% return, which is significantly higher than GASFX's 11.32% return. Over the past 10 years, HTECX has outperformed GASFX with an annualized return of 14.50%, while GASFX has yielded a comparatively lower 8.91% annualized return.
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%
GASFX
- 1D
- -0.44%
- 1M
- -1.59%
- 6M
- 6.65%
- YTD
- 11.32%
- 1Y
- 13.13%
- 3Y*
- 14.88%
- 5Y*
- 13.32%
- 10Y*
- 8.91%
- ALL TIME*
- 9.21%
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 |
HTECX vs. GASFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | 23.44% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -2.27% | 20.31% |
GASFX Hennessy Gas Utility Fund | 11.32% | 10.42% | 24.98% | 0.27% | 13.68% | 19.60% | -9.34% | 20.80% | -3.47% | 7.04% |
Correlation
The correlation between HTECX and GASFX is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2002 | 0.49 |
The correlation between HTECX and GASFX shifts across timeframes, from -0.21 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTECX vs. GASFX — Risk / Return Rank
HTECX
GASFX
HTECX vs. GASFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) and Hennessy Gas Utility Fund (GASFX). 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.
| HTECX | GASFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.03 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.20 | 5.72 | +0.48 |
Loading charts...
Drawdowns
HTECX vs. GASFX - Drawdown Comparison
The maximum HTECX drawdown since its inception was -58.85%, which is greater than GASFX's maximum drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for HTECX and GASFX.
Loading charts...
Drawdown Indicators
| HTECX | GASFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.85% | -49.33% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -6.95% | -8.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -9.73% | -16.91% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -18.25% | -16.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -37.23% | +2.23% |
Current DrawdownCurrent decline from peak | -0.15% | -3.41% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -7.83% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.47% | +2.66% |
Volatility
HTECX vs. GASFX - Volatility Comparison
Hennessy Technology Fund (HTECX) has a higher volatility of 5.26% compared to Hennessy Gas Utility Fund (GASFX) at 4.76%. This indicates that HTECX's price experiences larger fluctuations and is considered to be riskier than GASFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HTECX | GASFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 4.76% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 17.51% | 10.17% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 12.45% | +9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 15.50% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.80% | 17.73% | +6.07% |
HTECX vs. GASFX - Expense Ratio Comparison
HTECX has a 1.23% expense ratio, which is higher than GASFX's 1.00% expense ratio.
Dividends
HTECX vs. GASFX - Dividend Comparison
HTECX's dividend yield for the trailing twelve months is around 17.14%, more than GASFX's 10.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GASFX Hennessy Gas Utility Fund | 10.84% | 12.06% | 7.36% | 6.63% | 15.49% | 10.63% | 10.93% | 7.11% | 12.31% | 2.96% | 3.52% | 5.64% |
HTECX Hennessy Technology Fund | 17.14% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% | 0.00% | 0.00% |
Frequently Asked Questions
HTECX and GASFX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTECX has higher volatility (5.26%) compared to GASFX (4.76%). In terms of maximum drawdown, HTECX dropped -58.85% vs GASFX's -49.33%.
HTECX currently has the higher Sharpe Ratio (1.46 vs 1.14), 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.
Find the right allocation for HTECX and GASFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer