HSTRX vs. HSGFX
HSTRX (Hussman Strategic Total Return Fund) and HSGFX (Hussman Strategic Growth Fund) are both mutual funds - HSTRX is a Tactical Allocation fund managed by Hussman Funds, while HSGFX is a Long-Short fund managed by Hussman Funds. Over the past 10 years, HSTRX returned 5.16%/yr vs -2.84%/yr for HSGFX. At a 0.02 correlation, their price movements are largely independent. HSTRX charges 0.75%/yr vs 1.15%/yr for HSGFX.
Performance
HSTRX vs. HSGFX - Performance Comparison
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Returns By Period
In the year-to-date period, HSTRX achieves a 3.90% return, which is significantly higher than HSGFX's -8.61% return. Over the past 10 years, HSTRX has outperformed HSGFX with an annualized return of 5.16%, while HSGFX has yielded a comparatively lower -2.84% annualized return.
HSTRX
- 1D
- -0.23%
- 1M
- 0.06%
- YTD
- 3.90%
- 6M
- 4.36%
- 1Y
- 14.31%
- 3Y*
- 11.20%
- 5Y*
- 5.54%
- 10Y*
- 5.16%
HSGFX
- 1D
- 1.36%
- 1M
- -2.26%
- YTD
- -8.61%
- 6M
- -8.26%
- 1Y
- -18.01%
- 3Y*
- -4.06%
- 5Y*
- -3.31%
- 10Y*
- -2.84%
HSTRX vs. HSGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSTRX Hussman Strategic Total Return Fund | 3.90% | 20.33% | 6.06% | 6.04% | -6.23% | 1.21% | 11.45% | 11.42% | 1.48% | 1.21% |
HSGFX Hussman Strategic Growth Fund | -8.61% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -18.87% | 8.78% | -12.72% |
Correlation
The correlation between HSTRX and HSGFX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2002 | 0.02 |
The correlation between HSTRX and HSGFX shifts across timeframes, from -0.14 (5 years) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSTRX vs. HSGFX — Risk / Return Rank
HSTRX
HSGFX
HSTRX vs. HSGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Total Return Fund (HSTRX) and Hussman Strategic Growth Fund (HSGFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HSTRX | HSGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.52 | ||
| Sortino ratioReturn per unit of downside risk | +6.65 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.76 | +0.85 |
| Calmar ratioReturn relative to maximum drawdown | 6.21 | -0.91 | +7.12 |
| Martin ratioReturn relative to average drawdown | 17.11 | -1.75 | +18.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSTRX | HSGFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | -1.60 | +4.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | -0.30 | +1.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | -0.27 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.01 | +0.85 |
Drawdowns
HSTRX vs. HSGFX - Drawdown Comparison
The maximum HSTRX drawdown since its inception was -13.53%, smaller than the maximum HSGFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for HSTRX and HSGFX.
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Drawdown Indicators
| HSTRX | HSGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -60.61% | +47.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -19.80% | +17.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -24.22% | +19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -13.53% | -24.22% | +10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -13.53% | -33.41% | +19.88% |
Current DrawdownCurrent decline from peak | -1.31% | -56.47% | +55.16% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -26.86% | +24.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 10.23% | -9.35% |
Volatility
HSTRX vs. HSGFX - Volatility Comparison
The current volatility for Hussman Strategic Total Return Fund (HSTRX) is 1.08%, while Hussman Strategic Growth Fund (HSGFX) has a volatility of 4.15%. This indicates that HSTRX experiences smaller price fluctuations and is considered to be less risky than HSGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSTRX | HSGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 4.15% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 8.83% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.16% | 11.24% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 11.07% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 10.71% | -4.81% |
HSTRX vs. HSGFX - Expense Ratio Comparison
HSTRX has a 0.75% expense ratio, which is lower than HSGFX's 1.15% expense ratio.
Dividends
HSTRX vs. HSGFX - Dividend Comparison
HSTRX's dividend yield for the trailing twelve months is around 2.36%, less than HSGFX's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | 2.55% | 2.33% | 3.00% | 3.10% | 1.08% | 0.42% | 0.16% | 1.84% | 1.19% | 0.50% | 0.28% | 0.56% |
HSTRX Hussman Strategic Total Return Fund | 2.36% | 2.25% | 2.91% | 2.54% | 2.15% | 1.33% | 0.52% | 1.29% | 1.20% | 0.37% | 0.25% | 0.42% |
Frequently Asked Questions
HSTRX and HSGFX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSGFX has higher volatility (4.15%) compared to HSTRX (1.08%). In terms of maximum drawdown, HSTRX dropped -13.53% vs HSGFX's -60.61%.
HSTRX currently has the higher Sharpe Ratio (2.92 vs -1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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