SLPIX vs. HFCGX

Last updated Jun 24, 2026

SLPIX (ProFunds Small Cap Fund) and HFCGX (Hennessy Cornerstone Growth Fund) are both Small Cap Blend Equities funds. Over the past 10 years, SLPIX returned 9.16%/yr vs 12.81%/yr for HFCGX. Their correlation of 0.88 suggests significant overlap in exposure. SLPIX charges 1.78%/yr vs 1.34%/yr for HFCGX.

Performance

SLPIX vs. HFCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Small Cap Fund (SLPIX) and Hennessy Cornerstone Growth Fund (HFCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLPIX achieves a 20.69% return, which is significantly higher than HFCGX's 13.58% return. Over the past 10 years, SLPIX has underperformed HFCGX with an annualized return of 9.16%, while HFCGX has yielded a comparatively higher 12.81% annualized return.

SLPIX

• 1D: 0.81%
• 1M: 4.58%
• YTD: 20.69%
• 6M: 17.89%
• 1Y: 39.70%
• 3Y*: 16.77%
• 5Y*: 4.35%
• 10Y*: 9.16%

HFCGX

• 1D: 0.80%
• 1M: 1.86%
• YTD: 13.58%
• 6M: 12.54%
• 1Y: 19.12%
• 3Y*: 22.97%
• 5Y*: 13.33%
• 10Y*: 12.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SLPIX vs. HFCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLPIX ProFunds Small Cap Fund	20.69%	8.83%	9.14%	14.58%	-22.26%	12.45%	16.22%	23.05%	-12.98%	12.05%
HFCGX Hennessy Cornerstone Growth Fund	13.58%	4.78%	31.45%	19.58%	-4.97%	29.94%	17.73%	20.70%	-21.39%	16.60%

Correlation

The correlation between SLPIX and HFCGX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.88

The correlation between SLPIX and HFCGX shifts across timeframes, from 0.73 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SLPIX vs. HFCGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLPIX

SLPIX Risk / Return Rank: 64
SLPIX Sharpe Ratio Rank: 60
SLPIX Sortino Ratio Rank: 57
SLPIX Omega Ratio Rank: 46
SLPIX Calmar Ratio Rank: 84
SLPIX Martin Ratio Rank: 72

HFCGX

HFCGX Risk / Return Rank: 37
HFCGX Sharpe Ratio Rank: 33
HFCGX Sortino Ratio Rank: 32
HFCGX Omega Ratio Rank: 29
HFCGX Calmar Ratio Rank: 51
HFCGX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLPIX vs. HFCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Small Cap Fund (SLPIX) 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.

	SLPIX	HFCGX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.52	+0.59
Sortino ratio: Return per unit of downside risk	2.89	2.19	+0.71
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	3.73	2.62	+1.11
Martin ratio: Return relative to average drawdown	12.90	8.30	+4.60

SLPIX vs. HFCGX - Sharpe Ratio Comparison

The current SLPIX Sharpe Ratio is 2.11, which is higher than the HFCGX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SLPIX and HFCGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLPIX vs. HFCGX - Drawdown Comparison

The maximum SLPIX drawdown since its inception was -59.60%, roughly equal to the maximum HFCGX drawdown of -62.35%. Use the drawdown chart below to compare losses from any high point for SLPIX and HFCGX.

Drawdown Indicators

	SLPIX	HFCGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.60%	-62.35%	+2.75%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-7.82%	-3.30%
Max Drawdown (3Y) Largest decline over 3 years	-28.17%	-22.86%	-5.31%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-26.30%	-7.65%
Max Drawdown (10Y) Largest decline over 10 years	-43.26%	-54.22%	+10.96%
Current Drawdown Current decline from peak	0.00%	-3.12%	+3.12%
Average Drawdown Average peak-to-trough decline	-11.71%	-15.21%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	2.46%	+0.75%

Volatility

SLPIX vs. HFCGX - Volatility Comparison

ProFunds Small Cap Fund (SLPIX) has a higher volatility of 6.40% compared to Hennessy Cornerstone Growth Fund (HFCGX) at 5.87%. This indicates that SLPIX's price experiences larger fluctuations and is considered to be riskier than HFCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLPIX	HFCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	5.87%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	14.27%	10.42%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	13.52%	+6.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	24.04%	-1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.22%	25.85%	-2.63%

SLPIX vs. HFCGX - Expense Ratio Comparison

SLPIX has a 1.78% expense ratio, which is higher than HFCGX's 1.34% expense ratio.

Dividends

SLPIX vs. HFCGX - Dividend Comparison

SLPIX's dividend yield for the trailing twelve months is around 0.67%, 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%
SLPIX ProFunds Small Cap Fund	0.67%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLPIX and HFCGX in my portfolio?

SLPIX and HFCGX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLPIX or HFCGX?

SLPIX has higher volatility (6.40%) compared to HFCGX (5.87%). In terms of maximum drawdown, SLPIX dropped -59.60% vs HFCGX's -62.35%.

Which has better risk-adjusted returns?

SLPIX currently has the higher Sharpe Ratio (2.11 vs 1.52), 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.