LMSIX vs. HFCGX
LMSIX (Franklin U.S. Small Cap Equity Fund) and HFCGX (Hennessy Cornerstone Growth Fund) are both Small Cap Blend Equities funds. Over the past 10 years, LMSIX returned 11.14%/yr vs 11.94%/yr for HFCGX. Their correlation of 0.90 means they have usually moved in the same direction. LMSIX charges 1.03%/yr vs 1.34%/yr for HFCGX.
Performance
LMSIX vs. HFCGX - Performance Comparison
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Returns By Period
In the year-to-date period, LMSIX achieves a 19.73% return, which is significantly higher than HFCGX's 12.44% return. Over the past 10 years, LMSIX has underperformed HFCGX with an annualized return of 11.14%, while HFCGX has yielded a comparatively higher 11.94% annualized return.
LMSIX
- 1D
- 1.15%
- 1M
- -0.16%
- 6M
- 14.39%
- YTD
- 19.73%
- 1Y
- 40.26%
- 3Y*
- 18.86%
- 5Y*
- 11.07%
- 10Y*
- 11.14%
- ALL TIME*
- 8.13%
HFCGX
- 1D
- 3.16%
- 1M
- 2.88%
- 6M
- 7.39%
- YTD
- 12.44%
- 1Y
- 20.12%
- 3Y*
- 17.93%
- 5Y*
- 13.94%
- 10Y*
- 11.94%
- ALL TIME*
- 9.51%
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 |
LMSIX vs. HFCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMSIX Franklin U.S. Small Cap Equity Fund | 19.73% | 20.19% | 9.90% | 18.80% | -15.16% | 29.12% | 11.29% | 20.75% | -15.61% | 8.81% |
HFCGX Hennessy Cornerstone Growth Fund | 12.44% | 4.78% | 31.45% | 19.58% | -4.97% | 29.94% | 17.73% | 20.70% | -21.39% | 16.60% |
Correlation
The correlation between LMSIX and HFCGX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2000 | 0.90 |
The correlation between LMSIX and HFCGX shifts across timeframes, from 0.72 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LMSIX vs. HFCGX — Risk / Return Rank
LMSIX
HFCGX
LMSIX vs. HFCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Small Cap Equity Fund (LMSIX) and Hennessy Cornerstone Growth Fund (HFCGX). 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.
| LMSIX | HFCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 2.39 | +1.67 |
| Martin ratioReturn relative to average drawdown | 14.06 | 6.64 | +7.43 |
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Drawdowns
LMSIX vs. HFCGX - Drawdown Comparison
The maximum LMSIX drawdown since its inception was -61.16%, roughly equal to the maximum HFCGX drawdown of -62.35%. Use the drawdown chart below to compare losses from any high point for LMSIX and HFCGX.
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Drawdown Indicators
| LMSIX | HFCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.16% | -62.35% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -7.82% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -22.86% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -26.30% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -54.22% | +3.96% |
Current DrawdownCurrent decline from peak | -1.29% | -4.09% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -15.17% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.81% | -0.15% |
Volatility
LMSIX vs. HFCGX - Volatility Comparison
The current volatility for Franklin U.S. Small Cap Equity Fund (LMSIX) is 3.88%, while Hennessy Cornerstone Growth Fund (HFCGX) has a volatility of 6.56%. This indicates that LMSIX experiences smaller price fluctuations and is considered to be less risky than HFCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMSIX | HFCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 6.56% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 11.96% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 14.57% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 23.87% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 25.88% | -2.43% |
LMSIX vs. HFCGX - Expense Ratio Comparison
LMSIX has a 1.03% expense ratio, which is lower than HFCGX's 1.34% expense ratio.
Dividends
LMSIX vs. HFCGX - Dividend Comparison
LMSIX's dividend yield for the trailing twelve months is around 6.73%, while HFCGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 0.00% | 0.00% | 14.11% | 0.38% | 3.58% | 26.58% | 0.00% | 0.00% | 10.47% | 0.00% | 0.00% | 0.11% |
LMSIX Franklin U.S. Small Cap Equity Fund | 6.73% | 6.35% | 4.05% | 3.70% | 5.18% | 21.64% | 3.60% | 1.48% | 11.17% | 8.85% | 4.79% | 7.52% |
Frequently Asked Questions
LMSIX and HFCGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFCGX has higher volatility (6.56%) compared to LMSIX (3.88%). In terms of maximum drawdown, LMSIX dropped -61.16% vs HFCGX's -62.35%.
LMSIX currently has the higher Sharpe Ratio (2.00 vs 1.28), 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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