TRMVX vs. HFCVX
TRMVX (SEI Institutional Managed Trust Large Cap Value Fund) and HFCVX (Hennessy Cornerstone Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, TRMVX returned 10.86%/yr vs 10.86%/yr for HFCVX. Their correlation of 0.92 suggests significant overlap in exposure. TRMVX charges 0.89%/yr vs 1.23%/yr for HFCVX.
Performance
TRMVX vs. HFCVX - Performance Comparison
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Returns By Period
In the year-to-date period, TRMVX achieves a 10.16% return, which is significantly lower than HFCVX's 11.00% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: TRMVX at 10.86% and HFCVX at 10.86%.
TRMVX
- 1D
- 0.38%
- 1M
- -0.38%
- 6M
- 10.16%
- YTD
- 10.16%
- 1Y
- 20.38%
- 3Y*
- 15.82%
- 5Y*
- 9.99%
- 10Y*
- 10.86%
HFCVX
- 1D
- 0.12%
- 1M
- -2.37%
- 6M
- 11.00%
- YTD
- 11.00%
- 1Y
- 18.25%
- 3Y*
- 14.65%
- 5Y*
- 11.45%
- 10Y*
- 10.86%
TRMVX vs. HFCVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRMVX SEI Institutional Managed Trust Large Cap Value Fund | 10.16% | 18.89% | 12.67% | 8.82% | -5.15% | 27.72% | -2.40% | 22.70% | -9.74% | 17.38% |
HFCVX Hennessy Cornerstone Value Fund | 11.00% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -9.50% | 19.21% |
Correlation
The correlation between TRMVX and HFCVX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 1996 | 0.92 |
The correlation between TRMVX and HFCVX shifts across timeframes, from 0.75 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRMVX vs. HFCVX — Risk / Return Rank
TRMVX
HFCVX
TRMVX vs. HFCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) 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.
| TRMVX | HFCVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 4.99 | -1.59 |
| Martin ratioReturn relative to average drawdown | 12.14 | 13.44 | -1.30 |
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Drawdowns
TRMVX vs. HFCVX - Drawdown Comparison
The maximum TRMVX drawdown since its inception was -60.36%, smaller than the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for TRMVX and HFCVX.
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Drawdown Indicators
| TRMVX | HFCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.36% | -65.75% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.12% | -3.77% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.52% | -11.32% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -16.81% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -40.41% | -39.39% | -1.02% |
Current DrawdownCurrent decline from peak | -1.26% | -3.63% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -8.22% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.40% | +0.31% |
Volatility
TRMVX vs. HFCVX - Volatility Comparison
SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) and Hennessy Cornerstone Value Fund (HFCVX) have volatilities of 3.31% and 3.19%, 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
| TRMVX | HFCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 3.19% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 7.15% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 9.45% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 13.25% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 16.35% | +1.51% |
TRMVX vs. HFCVX - Expense Ratio Comparison
TRMVX has a 0.89% expense ratio, which is lower than HFCVX's 1.23% expense ratio.
Dividends
TRMVX vs. HFCVX - Dividend Comparison
TRMVX's dividend yield for the trailing twelve months is around 13.31%, more than HFCVX's 6.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFCVX Hennessy Cornerstone Value Fund | 6.66% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
TRMVX SEI Institutional Managed Trust Large Cap Value Fund | 13.31% | 14.68% | 8.65% | 6.93% | 9.82% | 5.93% | 2.03% | 3.61% | 12.12% | 4.84% | 1.44% | 16.14% |
Frequently Asked Questions
TRMVX and HFCVX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRMVX has higher volatility (3.31%) compared to HFCVX (3.19%). In terms of maximum drawdown, TRMVX dropped -60.36% vs HFCVX's -65.75%.
HFCVX currently has the higher Sharpe Ratio (2.00 vs 1.90), 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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