HTECX vs. HNRIX
HTECX (Hennessy Technology Fund) and HNRIX (Hennessy Energy Transition Fund) are both mutual funds - HTECX is a Technology Equities fund managed by Hennessy, while HNRIX is a Energy Equities fund managed by Hennessy. Over the past 5 years, HTECX returned 10.88%/yr vs 23.65%/yr for HNRIX. Their 0.42 correlation means their historical movements had little consistent relationship. HTECX charges 1.23%/yr vs 1.92%/yr for HNRIX.
Performance
HTECX vs. HNRIX - Performance Comparison
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Returns By Period
In the year-to-date period, HTECX achieves a 23.71% return, which is significantly lower than HNRIX's 25.74% return.
HTECX
- 1D
- 0.23%
- 1M
- 3.33%
- 6M
- 23.09%
- YTD
- 23.71%
- 1Y
- 36.61%
- 3Y*
- 21.26%
- 5Y*
- 10.88%
- 10Y*
- 14.60%
- ALL TIME*
- 7.68%
HNRIX
- 1D
- 1.04%
- 1M
- 7.55%
- 6M
- 13.71%
- YTD
- 25.74%
- 1Y
- 39.74%
- 3Y*
- 16.61%
- 5Y*
- 23.65%
- 10Y*
- —
- ALL TIME*
- 11.64%
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. HNRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | 23.71% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -7.75% |
HNRIX Hennessy Energy Transition Fund | 25.74% | 12.87% | 13.84% | 4.09% | 47.97% | 55.91% | -25.63% | 6.05% | -23.32% |
Correlation
The correlation between HTECX and HNRIX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018 | 0.42 |
The correlation between HTECX and HNRIX shifts across timeframes, from -0.01 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HTECX vs. HNRIX — Risk / Return Rank
HTECX
HNRIX
HTECX vs. HNRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) and Hennessy Energy Transition Fund (HNRIX). 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 | HNRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.84 | -0.57 |
| Martin ratioReturn relative to average drawdown | 6.64 | 8.28 | -1.63 |
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Drawdowns
HTECX vs. HNRIX - Drawdown Comparison
The maximum HTECX drawdown since its inception was -58.85%, smaller than the maximum HNRIX drawdown of -74.75%. Use the drawdown chart below to compare losses from any high point for HTECX and HNRIX.
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Drawdown Indicators
| HTECX | HNRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.85% | -74.75% | +15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -13.12% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -19.19% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -28.56% | -6.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.90% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -15.13% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 4.52% | +0.60% |
Volatility
HTECX vs. HNRIX - Volatility Comparison
Hennessy Technology Fund (HTECX) and Hennessy Energy Transition Fund (HNRIX) have volatilities of 5.25% and 5.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTECX | HNRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 5.32% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 14.23% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.77% | 18.96% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.50% | 26.23% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.80% | 34.55% | -10.75% |
HTECX vs. HNRIX - Expense Ratio Comparison
HTECX has a 1.23% expense ratio, which is lower than HNRIX's 1.92% expense ratio.
Dividends
HTECX vs. HNRIX - Dividend Comparison
HTECX's dividend yield for the trailing twelve months is around 17.10%, more than HNRIX's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HNRIX Hennessy Energy Transition Fund | 0.61% | 0.77% | 0.14% | 0.00% | 0.76% | 13.34% | 0.00% | 0.22% | 0.00% | 0.00% |
HTECX Hennessy Technology Fund | 17.10% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% |
Frequently Asked Questions
HTECX and HNRIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNRIX has higher volatility (5.32%) compared to HTECX (5.25%). In terms of maximum drawdown, HTECX dropped -58.85% vs HNRIX's -74.75%.
HNRIX currently has the higher Sharpe Ratio (1.96 vs 1.57), 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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