HTECX vs. HFMDX
Compare and contrast key facts about Hennessy Technology Fund (HTECX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX).
HTECX is managed by Hennessy. It was launched on Jan 31, 2002. HFMDX is managed by Hennessy. It was launched on Sep 17, 2003.
Performance
HTECX vs. HFMDX - Performance Comparison
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HTECX vs. HFMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | -10.79% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -2.27% | 20.31% |
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | -4.78% | 2.68% | 34.13% | 30.83% | 2.72% | 27.23% | 23.37% | 15.76% | -23.52% | 20.71% |
Returns By Period
In the year-to-date period, HTECX achieves a -10.79% return, which is significantly lower than HFMDX's -4.78% return. Both investments have delivered pretty close results over the past 10 years, with HTECX having a 11.64% annualized return and HFMDX not far ahead at 11.66%.
HTECX
- 1D
- -1.38%
- 1M
- -7.40%
- YTD
- -10.79%
- 6M
- -12.16%
- 1Y
- 13.20%
- 3Y*
- 12.49%
- 5Y*
- 4.99%
- 10Y*
- 11.64%
HFMDX
- 1D
- -2.49%
- 1M
- -10.16%
- YTD
- -4.78%
- 6M
- -4.01%
- 1Y
- 8.75%
- 3Y*
- 16.28%
- 5Y*
- 12.41%
- 10Y*
- 11.66%
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HTECX vs. HFMDX - Expense Ratio Comparison
HTECX has a 1.23% expense ratio, which is lower than HFMDX's 1.36% expense ratio.
Return for Risk
HTECX vs. HFMDX — Risk / Return Rank
HTECX
HFMDX
HTECX vs. HFMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX). 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.
| HTECX | HFMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.33 | +0.15 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.62 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.41 | +0.21 |
Martin ratioReturn relative to average drawdown | 1.79 | 1.36 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HTECX | HFMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.33 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.53 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.47 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.40 | -0.13 |
Correlation
The correlation between HTECX and HFMDX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HTECX vs. HFMDX - Dividend Comparison
HTECX's dividend yield for the trailing twelve months is around 23.72%, more than HFMDX's 0.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | 23.72% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% | 0.00% | 0.00% |
HFMDX Hennessy Cornerstone Mid Cap 30 Fund | 0.75% | 0.72% | 18.84% | 9.61% | 21.66% | 1.73% | 0.00% | 0.00% | 40.95% | 18.56% | 0.64% | 0.91% |
Drawdowns
HTECX vs. HFMDX - Drawdown Comparison
The maximum HTECX drawdown since its inception was -58.85%, roughly equal to the maximum HFMDX drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for HTECX and HFMDX.
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Drawdown Indicators
| HTECX | HFMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.85% | -61.25% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -14.22% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -27.76% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -56.14% | +21.14% |
Current DrawdownCurrent decline from peak | -15.01% | -12.66% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -12.33% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 4.33% | +0.88% |
Volatility
HTECX vs. HFMDX - Volatility Comparison
The current volatility for Hennessy Technology Fund (HTECX) is 6.20%, while Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a volatility of 7.34%. This indicates that HTECX experiences smaller price fluctuations and is considered to be less risky than HFMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTECX | HFMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 7.34% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 16.19% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 24.92% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.04% | 23.30% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 24.98% | -1.46% |