STVTX vs. HFCVX

Last updated Jun 24, 2026

STVTX (Virtus Ceredex Large-Cap Value Equity Fund) and HFCVX (Hennessy Cornerstone Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, STVTX returned 11.00%/yr vs 11.25%/yr for HFCVX. Their correlation of 0.89 suggests significant overlap in exposure. STVTX charges 0.97%/yr vs 1.23%/yr for HFCVX.

Performance

STVTX vs. HFCVX - Performance Comparison

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

Returns By Period

In the year-to-date period, STVTX achieves a 17.83% return, which is significantly higher than HFCVX's 11.85% return. Both investments have delivered pretty close results over the past 10 years, with STVTX having a 11.00% annualized return and HFCVX not far ahead at 11.25%.

STVTX

• 1D: 0.83%
• 1M: 5.41%
• YTD: 17.83%
• 6M: 16.62%
• 1Y: 29.94%
• 3Y*: 17.84%
• 5Y*: 9.48%
• 10Y*: 11.00%

HFCVX

• 1D: 0.61%
• 1M: -2.88%
• YTD: 11.85%
• 6M: 12.00%
• 1Y: 22.15%
• 3Y*: 15.78%
• 5Y*: 11.87%
• 10Y*: 11.25%

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

STVTX vs. HFCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STVTX Virtus Ceredex Large-Cap Value Equity Fund	17.83%	11.95%	9.91%	14.84%	-13.97%	25.70%	3.75%	31.00%	-10.77%	16.24%
HFCVX Hennessy Cornerstone Value Fund	11.85%	18.27%	9.59%	5.81%	6.12%	29.94%	-6.39%	20.84%	-9.50%	19.21%

Correlation

The correlation between STVTX and HFCVX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 1, 1996	0.89

Over the past year, the correlation between STVTX and HFCVX has dropped to 0.59 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

STVTX vs. HFCVX — Risk / Return Rank

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

STVTX

STVTX Risk / Return Rank: 72
STVTX Sharpe Ratio Rank: 68
STVTX Sortino Ratio Rank: 68
STVTX Omega Ratio Rank: 58
STVTX Calmar Ratio Rank: 85
STVTX Martin Ratio Rank: 83

HFCVX

HFCVX Risk / Return Rank: 81
HFCVX Sharpe Ratio Rank: 77
HFCVX Sortino Ratio Rank: 78
HFCVX Omega Ratio Rank: 64
HFCVX Calmar Ratio Rank: 96
HFCVX Martin Ratio Rank: 91

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.

STVTX vs. HFCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Ceredex Large-Cap Value Equity Fund (STVTX) 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.

	STVTX	HFCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.37	-0.15
Sortino ratio: Return per unit of downside risk	3.13	3.39	-0.27
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	3.85	5.89	-2.04
Martin ratio: Return relative to average drawdown	14.44	17.08	-2.64

STVTX vs. HFCVX - Sharpe Ratio Comparison

The current STVTX Sharpe Ratio is 2.22, which is comparable to the HFCVX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of STVTX 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

STVTX vs. HFCVX - Drawdown Comparison

The maximum STVTX drawdown since its inception was -53.12%, smaller than the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for STVTX and HFCVX.

Drawdown Indicators

	STVTX	HFCVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.12%	-65.75%	+12.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.06%	-3.77%	-4.29%
Max Drawdown (3Y) Largest decline over 3 years	-29.49%	-11.32%	-18.17%
Max Drawdown (5Y) Largest decline over 5 years	-29.49%	-16.81%	-12.68%
Max Drawdown (10Y) Largest decline over 10 years	-41.46%	-39.39%	-2.07%
Current Drawdown Current decline from peak	0.00%	-2.88%	+2.88%
Average Drawdown Average peak-to-trough decline	-7.68%	-8.22%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.30%	+0.84%

Volatility

STVTX vs. HFCVX - Volatility Comparison

Virtus Ceredex Large-Cap Value Equity Fund (STVTX) has a higher volatility of 5.09% compared to Hennessy Cornerstone Value Fund (HFCVX) at 3.21%. This indicates that STVTX's price experiences larger fluctuations and is considered to be riskier than HFCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STVTX	HFCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	3.21%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	6.99%	+4.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	9.39%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.18%	13.24%	+7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	16.46%	+3.91%

STVTX vs. HFCVX - Expense Ratio Comparison

STVTX has a 0.97% expense ratio, which is lower than HFCVX's 1.23% expense ratio.

Dividends

STVTX vs. HFCVX - Dividend Comparison

STVTX's dividend yield for the trailing twelve months is around 15.64%, more than HFCVX's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFCVX Hennessy Cornerstone Value Fund	6.61%	7.39%	4.56%	3.57%	10.33%	4.81%	2.58%	6.58%	17.16%	14.97%	2.26%	2.57%
STVTX Virtus Ceredex Large-Cap Value Equity Fund	15.64%	15.05%	22.34%	2.47%	11.17%	31.52%	5.63%	6.98%	29.94%	17.07%	0.39%	10.54%

Frequently Asked Questions

Can I hold both STVTX and HFCVX in my portfolio?

STVTX and HFCVX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STVTX or HFCVX?

STVTX has higher volatility (5.09%) compared to HFCVX (3.21%). In terms of maximum drawdown, STVTX dropped -53.12% vs HFCVX's -65.75%.

Which has better risk-adjusted returns?

HFCVX currently has the higher Sharpe Ratio (2.37 vs 2.22), 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.