Hussman Strategic Total Return Fund (HSTRX)

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The chart shows the growth of an initial investment of $10,000 in Hussman Strategic Total Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Hussman Strategic Total Return Fund (HSTRX) has returned 3.20% so far this year and 17.13% over the past 12 months. Over the last ten years, HSTRX has returned 5.53% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 16, 2002, HSTRX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, your investment would double in approximately 13.2 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +6.5%, while the worst month was Oct 2008 at -7.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HSTRX closed higher 47% of trading days. The best single day was Mar 18, 2009 with a return of +2.9%, while the worst single day was Mar 18, 2020 at -2.9%.

Hussman Strategic Total Return Fund has an annualized alpha of 4.69%, beta of 0.07, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 17, 2002.

• This fund captured 15.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.48%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.07 may look defensive, but with R² of 0.04 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.04 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HSTRX has an expense ratio of 0.75%, placing it in the medium range.

HSTRX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Hussman Strategic Total Return Fund (HSTRX) and compare them to a chosen benchmark (S&P 500 Index).

Hussman Strategic Total Return Fund provided a 1.98% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

The table displays the monthly dividend distributions for Hussman Strategic Total Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Hussman Strategic Total Return 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 Total Return Fund was 13.53%, occurring on Sep 27, 2022. Recovery took 451 trading sessions.

The current Hussman Strategic Total Return Fund drawdown is 1.97%.

The chart below shows the rolling one-month volatility.