Hussman Strategic Allocation Fund (HSAFX)
The investment seeks to achieve total return through a combination of income and capital appreciation. The fund pursues its investment objective by investing its assets primarily in common stocks, bonds, and cash equivalents; and aligning its allocations to these asset classes based on prevailing valuations and estimated expected returns in these markets. The fund may obtain investment exposure to bonds by purchasing individual bonds or Treasury bond futures.
Fund Info
US4481085060
Aug 26, 2019
$1,000
Mid-Cap
Value
Expense Ratio
HSAFX has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hussman Strategic Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hussman Strategic Allocation Fund had a return of 1.81% year-to-date (YTD) and 3.36% in the last 12 months.
HSAFX
1.81%
0.53%
2.90%
3.36%
0.06%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of HSAFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.92% | 1.81% | |||||||||||
| 2024 | -0.21% | 0.21% | 1.42% | -0.53% | 0.11% | -1.50% | 0.76% | -0.43% | 1.16% | 0.53% | 1.27% | -1.03% | 1.74% |
| 2023 | 1.37% | -1.14% | 0.16% | -0.95% | -1.91% | 1.23% | 1.39% | -0.53% | -0.85% | -0.86% | 0.54% | 2.29% | 0.66% |
| 2022 | 1.84% | 0.54% | -0.99% | 0.27% | 0.73% | -1.36% | -0.00% | 0.00% | -0.98% | 1.30% | 3.11% | -15.45% | -11.68% |
| 2021 | 7.07% | -0.71% | 3.06% | -1.57% | 2.57% | 1.12% | -1.80% | -0.35% | -0.61% | -1.85% | 0.18% | -2.90% | 3.88% |
| 2020 | -0.10% | -0.10% | -0.40% | 2.63% | 1.78% | 0.10% | 2.03% | -0.19% | 0.76% | 1.32% | 1.96% | -4.25% | 5.49% |
| 2019 | -0.20% | -0.80% | 0.20% | -0.10% | 0.23% | -0.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HSAFX is 35, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hussman Strategic Allocation Fund (HSAFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hussman Strategic Allocation Fund provided a 2.12% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $0.15 | $0.08 | $0.02 | $0.02 | $0.00 |
Dividend yield | 2.12% | 2.15% | 1.60% | 0.83% | 0.15% | 0.14% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Hussman Strategic Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2019 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hussman Strategic Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hussman Strategic Allocation Fund was 20.89%, occurring on Nov 13, 2023. The portfolio has not yet recovered.
The current Hussman Strategic Allocation Fund drawdown is 14.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.89% | Jun 9, 2021 | 613 | Nov 13, 2023 | — | — | — |
| -5.36% | Dec 4, 2020 | 1 | Dec 4, 2020 | 33 | Jan 25, 2021 | 34 |
| -2.81% | Jan 28, 2021 | 4 | Feb 2, 2021 | 27 | Mar 12, 2021 | 31 |
| -2.7% | Feb 21, 2020 | 17 | Mar 16, 2020 | 20 | Apr 14, 2020 | 37 |
| -2.65% | Oct 16, 2020 | 17 | Nov 9, 2020 | 13 | Nov 27, 2020 | 30 |
Volatility
Volatility Chart
The current Hussman Strategic Allocation Fund volatility is 1.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.