HSAFX vs. HSGFX
Compare and contrast key facts about Hussman Strategic Allocation Fund (HSAFX) and Hussman Strategic Growth Fund (HSGFX).
HSAFX is managed by Hussman Funds. It was launched on Aug 26, 2019. HSGFX is managed by Hussman Funds. It was launched on Jul 24, 2000.
Performance
HSAFX vs. HSGFX - Performance Comparison
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HSAFX vs. HSGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HSAFX Hussman Strategic Allocation Fund | 1.92% | 7.78% | 1.74% | 0.65% | 4.42% | 7.23% | 11.20% | -0.37% |
HSGFX Hussman Strategic Growth Fund | 5.80% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -6.68% |
Returns By Period
In the year-to-date period, HSAFX achieves a 1.92% return, which is significantly lower than HSGFX's 5.80% return.
HSAFX
- 1D
- 0.20%
- 1M
- 0.50%
- YTD
- 1.92%
- 6M
- 1.79%
- 1Y
- 4.11%
- 3Y*
- 3.88%
- 5Y*
- 2.83%
- 10Y*
- —
HSGFX
- 1D
- -0.17%
- 1M
- 5.24%
- YTD
- 5.80%
- 6M
- 2.66%
- 1Y
- 0.49%
- 3Y*
- -1.32%
- 5Y*
- -0.64%
- 10Y*
- -1.69%
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HSAFX vs. HSGFX - Expense Ratio Comparison
HSAFX has a 1.25% expense ratio, which is higher than HSGFX's 1.15% expense ratio.
Return for Risk
HSAFX vs. HSGFX — Risk / Return Rank
HSAFX
HSGFX
HSAFX vs. HSGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Allocation Fund (HSAFX) 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.
| HSAFX | HSGFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.09 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.25 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.14 | +1.12 |
Martin ratioReturn relative to average drawdown | 3.52 | 0.22 | +3.30 |
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
| HSAFX | HSGFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.09 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | -0.06 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.07 | +0.95 |
Correlation
The correlation between HSAFX and HSGFX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HSAFX vs. HSGFX - Dividend Comparison
HSAFX's dividend yield for the trailing twelve months is around 1.41%, less than HSGFX's 2.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSAFX Hussman Strategic Allocation Fund | 1.41% | 1.90% | 2.15% | 1.60% | 19.12% | 3.37% | 5.55% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
HSGFX Hussman Strategic Growth Fund | 2.20% | 2.33% | 3.00% | 3.10% | 1.08% | 0.42% | 0.16% | 1.84% | 1.19% | 0.50% | 0.28% | 0.56% |
Drawdowns
HSAFX vs. HSGFX - Drawdown Comparison
The maximum HSAFX drawdown since its inception was -5.54%, smaller than the maximum HSGFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for HSAFX and HSGFX.
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Drawdown Indicators
| HSAFX | HSGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.54% | -60.61% | +55.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -18.73% | +14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -5.54% | -22.42% | +16.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.60% | +49.60% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -26.67% | +25.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 12.35% | -11.01% |
Volatility
HSAFX vs. HSGFX - Volatility Comparison
The current volatility for Hussman Strategic Allocation Fund (HSAFX) is 1.22%, while Hussman Strategic Growth Fund (HSGFX) has a volatility of 3.93%. This indicates that HSAFX 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
| HSAFX | HSGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 3.93% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 8.42% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.68% | 12.48% | -6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 10.93% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 10.59% | -5.48% |