Hennessy Cornerstone Growth Fund (HICGX)

Morningstar Risk & Return as of 9/30/2017
(Relative to Mid-Cap Blend Category)

3YR 5YR10YR Overall
Morningstar Risk Above Avg Above AvgHigh Above Avg
Morningstar Return Above Avg AverageLow Average
Morningstar Rating*
# of funds in Mid-Cap Blend Category 354 321215 354

*The overall Morningstar Rating is based on risk adjusted returns.

Standard Deviation (Volatility) as of 9/30/2017

3YR 5YR10YR  
Cornerstone Growth Fund (HICGX) 12.52 12.1820.35  
Russell 2000 Index 14.48 14.0020.06  
Mid-Cap Blend Funds Category Average 13.86 13.4719.72  

Modern Portfolio Theory Statistics as of 9/30/2017
(Relative to Russell 2000 Index)

3YR 5YR10YR  
Beta 0.76 0.770.90  
Alpha 0.59 2.99-2.74  

Capture Ratios as of 9/30/2017
(Relative to Russell 2000 Index)


Standard deviation is a statistical measure of the historical volatility of a mutual fund or portfolio. Beta measures the volatility of the fund, as compared to that of the overall market or of a benchmark. The benchmark’s beta is set at 1.00; a beta higher than 1.00 is considered to be more volatile than the benchmark, while a beta lower than 1.00 is considered to be less volatile. Alpha is an annualized return measure of how much better or worse a fund’s performance is relative to an index of funds in the same category, after allowing for differences in risk. Market Capture Ratio is a statistical measure of the Fund’s overall performance in up-markets (positive return periods) and down-markets (negative return periods). The market capture ratios are used to evaluate how well an investment performed relative to an index during periods when that index has risen or fallen.