VSCAX vs. HFMDX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Small Cap Value Fund (VSCAX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX).

VSCAX is managed by Invesco. It was launched on Jun 21, 1999. HFMDX is managed by Hennessy. It was launched on Sep 17, 2003.

Performance

VSCAX vs. HFMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Small Cap Value Fund (VSCAX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX). The values are adjusted to include any dividend payments, if applicable.

VSCAX vs. HFMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSCAX Invesco Small Cap Value Fund	6.56%	17.70%	24.54%	22.84%	4.31%	36.34%	10.81%	32.02%	-25.64%	18.17%
HFMDX Hennessy Cornerstone Mid Cap 30 Fund	-4.78%	2.68%	34.13%	30.83%	2.72%	27.23%	23.37%	15.76%	-23.52%	20.71%

Returns By Period

In the year-to-date period, VSCAX achieves a 6.56% return, which is significantly higher than HFMDX's -4.78% return. Over the past 10 years, VSCAX has outperformed HFMDX with an annualized return of 15.32%, while HFMDX has yielded a comparatively lower 11.66% annualized return.

VSCAX

• 1D: -1.86%
• 1M: -10.13%
• YTD: 6.56%
• 6M: 13.85%
• 1Y: 33.30%
• 3Y*: 24.38%
• 5Y*: 17.26%
• 10Y*: 15.32%

HFMDX

• 1D: -2.49%
• 1M: -10.16%
• YTD: -4.78%
• 6M: -4.01%
• 1Y: 8.75%
• 3Y*: 16.28%
• 5Y*: 12.41%
• 10Y*: 11.66%

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

VSCAX vs. HFMDX - Expense Ratio Comparison

VSCAX has a 1.12% expense ratio, which is lower than HFMDX's 1.36% expense ratio.

HFMDX

Hennessy Cornerstone Mid Cap 30 Fund

VSCAX

Invesco Small Cap Value Fund

Return for Risk

VSCAX vs. HFMDX — Risk / Return Rank

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

VSCAX

VSCAX Risk / Return Rank: 71
VSCAX Sharpe Ratio Rank: 73
VSCAX Sortino Ratio Rank: 73
VSCAX Omega Ratio Rank: 70
VSCAX Calmar Ratio Rank: 72
VSCAX Martin Ratio Rank: 67

HFMDX

HFMDX Risk / Return Rank: 14
HFMDX Sharpe Ratio Rank: 13
HFMDX Sortino Ratio Rank: 14
HFMDX Omega Ratio Rank: 13
HFMDX Calmar Ratio Rank: 15
HFMDX Martin Ratio Rank: 14

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.

VSCAX vs. HFMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Value Fund (VSCAX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX). 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.

	VSCAX	HFMDX	Difference
Sharpe ratio Return per unit of total volatility	1.28	0.33	+0.96
Sortino ratio Return per unit of downside risk	1.79	0.62	+1.17
Omega ratio Gain probability vs. loss probability	1.26	1.08	+0.18
Calmar ratio Return relative to maximum drawdown	1.64	0.41	+1.23
Martin ratio Return relative to average drawdown	6.36	1.36	+5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSCAX vs. HFMDX - Sharpe Ratio Comparison

The current VSCAX Sharpe Ratio is 1.28, which is higher than the HFMDX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of VSCAX and HFMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VSCAX	HFMDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.33	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.53	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.47	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.40	+0.11

Correlation

The correlation between VSCAX and HFMDX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VSCAX vs. HFMDX - Dividend Comparison

VSCAX's dividend yield for the trailing twelve months is around 8.65%, more than HFMDX's 0.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSCAX Invesco Small Cap Value Fund	8.65%	9.22%	7.90%	4.93%	10.12%	16.90%	0.30%	2.53%	28.45%	16.65%	1.71%	11.08%
HFMDX Hennessy Cornerstone Mid Cap 30 Fund	0.75%	0.72%	18.84%	9.61%	21.66%	1.73%	0.00%	0.00%	40.95%	18.56%	0.64%	0.91%

Drawdowns

VSCAX vs. HFMDX - Drawdown Comparison

The maximum VSCAX drawdown since its inception was -57.77%, smaller than the maximum HFMDX drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for VSCAX and HFMDX.

Drawdown Indicators

	VSCAX	HFMDX	Difference
Max Drawdown Largest peak-to-trough decline	-57.77%	-61.25%	+3.48%
Max Drawdown (1Y) Largest decline over 1 year	-16.56%	-14.22%	-2.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.29%	-27.76%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	-57.77%	-56.14%	-1.63%
Current Drawdown Current decline from peak	-11.43%	-12.66%	+1.23%
Average Drawdown Average peak-to-trough decline	-8.94%	-12.33%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	4.33%	+0.16%

Volatility

VSCAX vs. HFMDX - Volatility Comparison

Invesco Small Cap Value Fund (VSCAX) has a higher volatility of 8.31% compared to Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) at 7.34%. This indicates that VSCAX's price experiences larger fluctuations and is considered to be riskier than HFMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSCAX	HFMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	7.34%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	16.19%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	24.92%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.13%	23.30%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.70%	24.98%	+1.72%