HOVLX vs. HOSGX

Last updated Jun 5, 2026

HOVLX (Homestead Funds Value Fund) and HOSGX (Homestead Funds Short-Term Government Securities Fund) are both mutual funds - HOVLX is a Large Cap Value Equities fund managed by Homestead, while HOSGX is a Government Bonds fund managed by Homestead. Over the past 10 years, HOVLX returned 12.21%/yr vs 1.44%/yr for HOSGX. At a correlation of -0.10, they often move in opposite directions. HOVLX charges 0.63%/yr vs 0.75%/yr for HOSGX.

Performance

HOVLX vs. HOSGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Funds Value Fund (HOVLX) and Homestead Funds Short-Term Government Securities Fund (HOSGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOVLX achieves a 8.24% return, which is significantly higher than HOSGX's 0.14% return. Over the past 10 years, HOVLX has outperformed HOSGX with an annualized return of 12.21%, while HOSGX has yielded a comparatively lower 1.44% annualized return.

HOVLX

• 1D: -0.04%
• 1M: 2.13%
• YTD: 8.24%
• 6M: 9.65%
• 1Y: 21.29%
• 3Y*: 16.61%
• 5Y*: 9.52%
• 10Y*: 12.21%

HOSGX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 0.14%
• 6M: 0.39%
• 1Y: 2.83%
• 3Y*: 3.64%
• 5Y*: 1.20%
• 10Y*: 1.44%

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

HOVLX vs. HOSGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOVLX Homestead Funds Value Fund	8.24%	14.60%	14.29%	12.03%	-5.67%	25.09%	7.74%	27.72%	-6.52%	22.22%
HOSGX Homestead Funds Short-Term Government Securities Fund	0.14%	5.35%	2.80%	4.44%	-5.42%	-1.19%	4.11%	3.35%	1.25%	0.87%

Correlation

The correlation between HOVLX and HOSGX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.07
Correlation (All Time) Calculated using the full available price history since May 1, 1995	-0.10

The correlation between HOVLX and HOSGX shifts across timeframes, from -0.10 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HOVLX vs. HOSGX — Risk / Return Rank

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

HOVLX

HOVLX Risk / Return Rank: 46
HOVLX Sharpe Ratio Rank: 45
HOVLX Sortino Ratio Rank: 46
HOVLX Omega Ratio Rank: 43
HOVLX Calmar Ratio Rank: 47
HOVLX Martin Ratio Rank: 52

HOSGX

HOSGX Risk / Return Rank: 29
HOSGX Sharpe Ratio Rank: 22
HOSGX Sortino Ratio Rank: 25
HOSGX Omega Ratio Rank: 34
HOSGX Calmar Ratio Rank: 36
HOSGX Martin Ratio Rank: 29

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.

HOVLX vs. HOSGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) and Homestead Funds Short-Term Government Securities Fund (HOSGX). 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.

	HOVLX	HOSGX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.32	+0.62
Sortino ratio: Return per unit of downside risk	2.84	2.05	+0.79
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	2.60	2.21	+0.39
Martin ratio: Return relative to average drawdown	10.45	6.58	+3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOVLX vs. HOSGX - Sharpe Ratio Comparison

The current HOVLX Sharpe Ratio is 1.94, which is higher than the HOSGX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of HOVLX and HOSGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOVLX	HOSGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.32	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.36	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.55	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.21	-0.60

Drawdowns

HOVLX vs. HOSGX - Drawdown Comparison

The maximum HOVLX drawdown since its inception was -57.90%, which is greater than HOSGX's maximum drawdown of -7.99%. Use the drawdown chart below to compare losses from any high point for HOVLX and HOSGX.

Drawdown Indicators

	HOVLX	HOSGX	Difference
Max Drawdown Largest peak-to-trough decline	-57.90%	-7.99%	-49.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-1.38%	-6.86%
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	-1.53%	-14.28%
Max Drawdown (5Y) Largest decline over 5 years	-19.32%	-7.72%	-11.60%
Max Drawdown (10Y) Largest decline over 10 years	-38.08%	-7.99%	-30.09%
Current Drawdown Current decline from peak	-0.04%	-0.77%	+0.73%
Average Drawdown Average peak-to-trough decline	-6.82%	-0.64%	-6.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	0.46%	+1.59%

Volatility

HOVLX vs. HOSGX - Volatility Comparison

Homestead Funds Value Fund (HOVLX) has a higher volatility of 2.62% compared to Homestead Funds Short-Term Government Securities Fund (HOSGX) at 0.82%. This indicates that HOVLX's price experiences larger fluctuations and is considered to be riskier than HOSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOVLX	HOSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	0.82%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	1.68%	+6.73%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	2.30%	+8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	3.30%	+11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	2.62%	+15.28%

HOVLX vs. HOSGX - Expense Ratio Comparison

HOVLX has a 0.63% expense ratio, which is lower than HOSGX's 0.75% expense ratio.

Dividends

HOVLX vs. HOSGX - Dividend Comparison

HOVLX's dividend yield for the trailing twelve months is around 9.81%, more than HOSGX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOSGX Homestead Funds Short-Term Government Securities Fund	3.21%	3.20%	2.96%	2.28%	1.20%	0.33%	2.52%	1.94%	1.44%	1.06%	0.84%	0.85%
HOVLX Homestead Funds Value Fund	9.81%	10.62%	9.71%	5.75%	10.54%	8.65%	16.55%	15.30%	11.01%	5.34%	10.00%	7.22%

Frequently Asked Questions

Can I hold both HOVLX and HOSGX in my portfolio?

HOVLX and HOSGX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOVLX or HOSGX?

HOVLX has higher volatility (2.62%) compared to HOSGX (0.82%). In terms of maximum drawdown, HOVLX dropped -57.90% vs HOSGX's -7.99%.

Which has better risk-adjusted returns?

HOVLX currently has the higher Sharpe Ratio (1.94 vs 1.32), 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.