HTECX vs. HMSIX
Compare and contrast key facts about Hennessy Technology Fund (HTECX) and Hennessy Midstream Fund (HMSIX).
HTECX is managed by Hennessy. It was launched on Jan 31, 2002. HMSIX is managed by Hennessy. It was launched on Dec 30, 2013.
Performance
HTECX vs. HMSIX - Performance Comparison
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HTECX vs. HMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | -10.79% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -19.33% |
HMSIX Hennessy Midstream Fund | 17.65% | -0.49% | 36.21% | 23.75% | 29.15% | 36.58% | -31.00% | 11.97% | -20.24% |
Returns By Period
In the year-to-date period, HTECX achieves a -10.79% return, which is significantly lower than HMSIX's 17.65% return.
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%
HMSIX
- 1D
- -0.63%
- 1M
- 4.11%
- YTD
- 17.65%
- 6M
- 18.55%
- 1Y
- 8.36%
- 3Y*
- 24.54%
- 5Y*
- 24.09%
- 10Y*
- —
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HTECX vs. HMSIX - Expense Ratio Comparison
HTECX has a 1.23% expense ratio, which is lower than HMSIX's 1.51% expense ratio.
Return for Risk
HTECX vs. HMSIX — Risk / Return Rank
HTECX
HMSIX
HTECX vs. HMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) and Hennessy Midstream Fund (HMSIX). 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 | HMSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.44 | +0.04 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.67 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.56 | +0.06 |
Martin ratioReturn relative to average drawdown | 1.79 | 0.94 | +0.85 |
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 | HMSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.44 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.19 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.37 | -0.09 |
Correlation
The correlation between HTECX and HMSIX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HTECX vs. HMSIX - Dividend Comparison
HTECX's dividend yield for the trailing twelve months is around 23.72%, more than HMSIX's 7.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | 23.72% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% |
HMSIX Hennessy Midstream Fund | 7.29% | 8.42% | 7.74% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 4.67% | 0.00% |
Drawdowns
HTECX vs. HMSIX - Drawdown Comparison
The maximum HTECX drawdown since its inception was -58.85%, smaller than the maximum HMSIX drawdown of -68.43%. Use the drawdown chart below to compare losses from any high point for HTECX and HMSIX.
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Drawdown Indicators
| HTECX | HMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.85% | -68.43% | +9.58% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -15.22% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -21.17% | -13.71% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -15.01% | -0.91% | -14.10% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -12.47% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 9.07% | -3.86% |
Volatility
HTECX vs. HMSIX - Volatility Comparison
Hennessy Technology Fund (HTECX) has a higher volatility of 6.20% compared to Hennessy Midstream Fund (HMSIX) at 4.23%. This indicates that HTECX's price experiences larger fluctuations and is considered to be riskier than HMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTECX | HMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 4.23% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 10.22% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 19.24% | +6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.04% | 20.26% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 29.62% | -6.10% |