Hennessy Equity and Income Fund (HEIIX)

Morningstar Risk & Return as of 3/31/2018
(Relative to Allocation--50% to 70% Equity Category)

3YR 5YR10YR Overall
Morningstar Risk Average Below AvgLow Below Avg
Morningstar Return Average AverageAbove Avg Above Avg
Morningstar Rating*
# of funds in Allocation--50% to 70% Equity Category 680 628442 680

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

Standard Deviation (Volatility) as of 3/31/2018

3YR 5YR10YR  
Equity and Income Fund (HEIIX) 6.51 6.268.85  
S&P 500 Index 10.26 9.8715.05  
Allocation--50% to 70% Equity Funds Category Average 7.12 6.9610.78  

Modern Portfolio Theory Statistics as of 3/31/2018
(Relative to S&P 500 Index)

3YR 5YR10YR  
Beta 0.61 0.610.56  
Alpha -1.62 -0.951.34  

Capture Ratios as of 3/31/2018
(Relative to S&P 500 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.