SLVAX vs. HFCVX

Last updated Aug 1, 2026

SLVAX (Columbia Select Large Cap Value Fund) and HFCVX (Hennessy Cornerstone Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, SLVAX returned 13.09%/yr vs 11.10%/yr for HFCVX. Their correlation of 0.89 means they have usually moved in the same direction. SLVAX charges 0.80%/yr vs 1.23%/yr for HFCVX.

Performance

SLVAX vs. HFCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Large Cap Value Fund (SLVAX) and Hennessy Cornerstone Value Fund (HFCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SLVAX having a 15.98% return and HFCVX slightly higher at 16.57%. Over the past 10 years, SLVAX has outperformed HFCVX with an annualized return of 13.09%, while HFCVX has yielded a comparatively lower 11.10% annualized return.

SLVAX

• 1D: 0.81%
• 1M: 0.56%
• 6M: 10.64%
• YTD: 15.98%
• 1Y: 37.65%
• 3Y*: 18.70%
• 5Y*: 12.97%
• 10Y*: 13.09%
• ALL TIME*: 8.72%

HFCVX

• 1D: -0.38%
• 1M: 3.72%
• 6M: 10.05%
• YTD: 16.57%
• 1Y: 27.30%
• 3Y*: 15.19%
• 5Y*: 12.98%
• 10Y*: 11.10%
• ALL TIME*: 7.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HFCVX Hennessy Cornerstone Value Fund	$0.00	$0.00	$0.00
SLVAX Columbia Select Large Cap Value Fund	$0.00	$0.00	$0.00

SLVAX vs. HFCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVAX Columbia Select Large Cap Value Fund	15.98%	27.60%	12.53%	5.56%	-1.09%	26.34%	6.12%	26.57%	-12.32%	18.98%
HFCVX Hennessy Cornerstone Value Fund	16.57%	18.27%	9.59%	5.81%	6.12%	29.94%	-6.39%	20.84%	-9.50%	19.21%

Correlation

The correlation between SLVAX and HFCVX is 0.58, 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.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.89

Over the past year, the correlation between SLVAX and HFCVX has dropped to 0.58 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

SLVAX vs. HFCVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SLVAX

SLVAX Risk / Return Rank: 95
SLVAX Sharpe Ratio Rank: 97
SLVAX Sortino Ratio Rank: 95
SLVAX Omega Ratio Rank: 92
SLVAX Calmar Ratio Rank: 93
SLVAX Martin Ratio Rank: 95

HFCVX

HFCVX Risk / Return Rank: 95
HFCVX Sharpe Ratio Rank: 96
HFCVX Sortino Ratio Rank: 94
HFCVX Omega Ratio Rank: 88
HFCVX Calmar Ratio Rank: 98
HFCVX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SLVAX vs. HFCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Large Cap Value Fund (SLVAX) and Hennessy Cornerstone Value Fund (HFCVX). 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.

	SLVAX	HFCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.90	2.67	+0.23
Sortino ratio: Return per unit of downside risk	4.04	3.84	+0.21
Omega ratio: Gain probability vs. loss probability	1.52	1.46	+0.06
Calmar ratio: Return relative to maximum drawdown	3.94	6.79	-2.85
Martin ratio: Return relative to average drawdown	16.27	19.09	-2.81

SLVAX vs. HFCVX - Sharpe Ratio Comparison

The current SLVAX Sharpe Ratio is 2.90, which is comparable to the HFCVX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of SLVAX and HFCVX, 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

SLVAX vs. HFCVX - Drawdown Comparison

The maximum SLVAX drawdown since its inception was -60.01%, smaller than the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for SLVAX and HFCVX.

Drawdown Indicators

	SLVAX	HFCVX	Difference
Max Drawdown Largest peak-to-trough decline	-60.01%	-65.75%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-3.77%	-5.26%
Max Drawdown (3Y) Largest decline over 3 years	-14.83%	-11.32%	-3.51%
Max Drawdown (5Y) Largest decline over 5 years	-18.44%	-16.81%	-1.63%
Max Drawdown (10Y) Largest decline over 10 years	-41.50%	-39.39%	-2.11%
Current Drawdown Current decline from peak	-0.51%	-0.54%	+0.03%
Average Drawdown Average peak-to-trough decline	-9.27%	-8.20%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.34%	+0.86%

Volatility

SLVAX vs. HFCVX - Volatility Comparison

The current volatility for Columbia Select Large Cap Value Fund (SLVAX) is 2.51%, while Hennessy Cornerstone Value Fund (HFCVX) has a volatility of 3.15%. This indicates that SLVAX experiences smaller price fluctuations and is considered to be less risky than HFCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVAX	HFCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	3.15%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	7.43%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	9.61%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	13.23%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	16.36%	+2.26%

SLVAX vs. HFCVX - Expense Ratio Comparison

SLVAX has a 0.80% expense ratio, which is lower than HFCVX's 1.23% expense ratio.

Dividends

SLVAX vs. HFCVX - Dividend Comparison

SLVAX's dividend yield for the trailing twelve months is around 7.36%, more than HFCVX's 6.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFCVX Hennessy Cornerstone Value Fund	6.34%	7.39%	4.56%	3.57%	10.33%	4.81%	2.58%	6.58%	17.16%	14.97%	2.26%	2.57%
SLVAX Columbia Select Large Cap Value Fund	7.36%	8.54%	3.46%	3.60%	1.38%	5.91%	7.52%	6.96%	4.83%	3.86%	7.19%	4.49%

Frequently Asked Questions

Can I hold both SLVAX and HFCVX in my portfolio?

SLVAX and HFCVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLVAX or HFCVX?

HFCVX has higher volatility (3.15%) compared to SLVAX (2.51%). In terms of maximum drawdown, SLVAX dropped -60.01% vs HFCVX's -65.75%.

Which has better risk-adjusted returns?

SLVAX currently has the higher Sharpe Ratio (2.90 vs 2.67), 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.