Hennessy Cornerstone Mid Cap 30 Fund (HFMDX)

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

3YR 5YR10YR Overall
Morningstar Risk Average Above AvgAverage Average
Morningstar Return Average AverageAverage 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 Mid Cap 30 Fund (HFMDX) 11.64 12.5817.80  
Russell Midcap Index 10.53 10.4117.84  
Mid-Cap Blend Funds Category Average 11.44 11.3318.00  

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

3YR 5YR10YR  
Beta 0.91 1.040.89  
Alpha -0.32 -1.700.79  

Capture Ratios as of 9/30/2017
(Relative to Russell Midcap 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.