Hennessy Cornerstone Large Growth Fund (HFLGX)

Morningstar Risk & Return as of 9/30/2017
(Relative to Large Value Category)

3YR 5YR Overall
Morningstar Risk Above Avg Average Average
Morningstar Return Below Avg Average Average
Morningstar Rating*
# of funds in Large Value Category 1,108 962 1,108

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

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

3YR 5YR  
Cornerstone Large Growth Fund (HFLGX) 11.51 10.63  
Russell 1000 Index 10.11 9.64  
Large Value Funds Category Average 10.38 9.96  

Modern Portfolio Theory Statistics as of 9/30/2017
(Relative to Russell 1000 Index)

3YR 5YR  
Beta 0.96 0.97  
Alpha -2.70 -0.89  

Capture Ratios as of 9/30/2017
(Relative to Russell 1000 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.