Hennessy Cornerstone Value Fund (HICVX)

Morningstar Risk & Return as of 12/31/2017
(Relative to Large Value Category)

3YR 5YR10YR Overall
Morningstar Risk Average AverageAbove Avg Average
Morningstar Return Above Avg Below AvgAverage Average
Morningstar Rating*
# of funds in Large Value Category 1,090 965695 1,090

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

Standard Deviation (Volatility) as of 12/31/2017

3YR 5YR10YR  
Cornerstone Value Fund (HICVX) 11.07 10.0117.99  
Russell 1000 Value Index 10.34 9.9215.92  
Large Value Funds Category Average 10.80 10.2215.94  

Modern Portfolio Theory Statistics as of 12/31/2017
(Relative to Russell 1000 Value Index)

3YR 5YR10YR  
Beta 0.98 0.921.05  
Alpha 1.10 -0.130.22  

Capture Ratios as of 12/31/2017
(Relative to Russell 1000 Value 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.