FUND vs. HSGFX

Last updated Jun 13, 2026

FUND (Sprott Focus Trust, Inc.) is a stock, while HSGFX (Hussman Strategic Growth Fund) is Long-Short fund managed by Hussman Funds. Over the past 10 years, FUND returned 13.14%/yr vs -2.67%/yr for HSGFX. At a correlation of -0.25, they often move in opposite directions.

Performance

FUND vs. HSGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Focus Trust, Inc. (FUND) and Hussman Strategic Growth Fund (HSGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUND achieves a 19.89% return, which is significantly higher than HSGFX's -6.15% return. Over the past 10 years, FUND has outperformed HSGFX with an annualized return of 13.14%, while HSGFX has yielded a comparatively lower -2.67% annualized return.

FUND

• 1D: 0.52%
• 1M: -0.93%
• YTD: 19.89%
• 6M: 21.14%
• 1Y: 45.55%
• 3Y*: 16.40%
• 5Y*: 10.39%
• 10Y*: 13.14%

HSGFX

• 1D: -1.29%
• 1M: 4.50%
• YTD: -6.15%
• 6M: -7.07%
• 1Y: -14.76%
• 3Y*: -3.11%
• 5Y*: -2.88%
• 10Y*: -2.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FUND vs. HSGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUND Sprott Focus Trust, Inc.	19.89%	27.57%	-1.08%	6.94%	-1.16%	36.20%	2.44%	36.27%	-19.56%	22.23%
HSGFX Hussman Strategic Growth Fund	-6.15%	6.24%	-6.99%	-11.60%	17.33%	-0.23%	14.52%	-18.87%	8.78%	-12.72%

Correlation

The correlation between FUND and HSGFX is -0.41, 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	-0.41
Correlation (3Y) Calculated over the trailing 3-year period	-0.39
Correlation (5Y) Calculated over the trailing 5-year period	-0.43
Correlation (10Y) Calculated over the trailing 10-year period	-0.39
Correlation (All Time) Calculated using the full available price history since Jul 24, 2000	-0.25

The correlation between FUND and HSGFX shifts across timeframes, from -0.43 (5 years) to -0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FUND vs. HSGFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUND

FUND Risk / Return Rank: 94
FUND Sharpe Ratio Rank: 95
FUND Sortino Ratio Rank: 94
FUND Omega Ratio Rank: 93
FUND Calmar Ratio Rank: 91
FUND Martin Ratio Rank: 96

HSGFX

HSGFX Risk / Return Rank: 0
HSGFX Sharpe Ratio Rank: 0
HSGFX Sortino Ratio Rank: 0
HSGFX Omega Ratio Rank: 0
HSGFX Calmar Ratio Rank: 0
HSGFX Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FUND vs. HSGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Focus Trust, Inc. (FUND) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FUND	HSGFX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	-1.22	+4.10
Sortino ratio: Return per unit of downside risk	3.64	-1.82	+5.46
Omega ratio: Gain probability vs. loss probability	1.48	0.81	+0.67
Calmar ratio: Return relative to maximum drawdown	4.41	-0.79	+5.20
Martin ratio: Return relative to average drawdown	20.19	-1.58	+21.77

FUND vs. HSGFX - Sharpe Ratio Comparison

The current FUND Sharpe Ratio is 2.88, which is higher than the HSGFX Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of FUND and HSGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUND vs. HSGFX - Drawdown Comparison

The maximum FUND drawdown since its inception was -65.37%, which is greater than HSGFX's maximum drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for FUND and HSGFX.

Drawdown Indicators

	FUND	HSGFX	Difference
Max Drawdown Largest peak-to-trough decline	-65.37%	-60.61%	-4.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-18.43%	+8.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	-24.22%	+5.97%
Max Drawdown (5Y) Largest decline over 5 years	-24.67%	-24.22%	-0.45%
Max Drawdown (10Y) Largest decline over 10 years	-43.32%	-33.41%	-9.91%
Current Drawdown Current decline from peak	-1.93%	-55.29%	+53.36%
Average Drawdown Average peak-to-trough decline	-12.33%	-26.88%	+14.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	9.18%	-6.93%

Volatility

FUND vs. HSGFX - Volatility Comparison

Sprott Focus Trust, Inc. (FUND) has a higher volatility of 6.58% compared to Hussman Strategic Growth Fund (HSGFX) at 5.27%. This indicates that FUND's price experiences larger fluctuations and is considered to be riskier than HSGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUND	HSGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	5.27%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	12.66%	9.70%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	11.89%	+3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	11.22%	+7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	10.78%	+8.96%

Dividends

FUND vs. HSGFX - Dividend Comparison

FUND's dividend yield for the trailing twelve months is around 7.14%, more than HSGFX's 2.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUND Sprott Focus Trust, Inc.	5.87%	6.65%	8.27%	6.22%	6.72%	8.79%	7.93%	6.30%	11.92%	6.59%	5.76%	7.59%
HSGFX Hussman Strategic Growth Fund	2.48%	2.33%	3.00%	3.10%	1.08%	0.42%	0.16%	1.84%	1.19%	0.50%	0.28%	0.56%

Frequently Asked Questions

Can I hold both FUND and HSGFX in my portfolio?

FUND and HSGFX have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUND or HSGFX?

FUND has higher volatility (6.58%) compared to HSGFX (5.27%). In terms of maximum drawdown, FUND dropped -65.37% vs HSGFX's -60.61%.

Which has better risk-adjusted returns?

FUND currently has the higher Sharpe Ratio (2.88 vs -1.22), 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.