HSCSX vs. XLG

Last updated Jun 23, 2026

HSCSX (Homestead Small Company Stock Fund) and XLG (Invesco S&P 500 Top 50 ETF) are both funds - HSCSX is a Small Cap Blend Equities fund managed by Homestead, while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. Over the past 10 years, HSCSX returned 6.94%/yr vs 17.16%/yr for XLG. A 0.73 correlation means they provide meaningful diversification when combined. HSCSX charges 1.06%/yr vs 0.20%/yr for XLG.

Performance

HSCSX vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Small Company Stock Fund (HSCSX) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSCSX achieves a 10.75% return, which is significantly higher than XLG's 3.55% return. Over the past 10 years, HSCSX has underperformed XLG with an annualized return of 6.94%, while XLG has yielded a comparatively higher 17.16% annualized return.

HSCSX

• 1D: 2.04%
• 1M: 3.72%
• YTD: 10.75%
• 6M: 8.35%
• 1Y: 22.20%
• 3Y*: 9.74%
• 5Y*: 4.14%
• 10Y*: 6.94%

XLG

• 1D: -0.78%
• 1M: -3.59%
• YTD: 3.55%
• 6M: 3.44%
• 1Y: 23.61%
• 3Y*: 22.12%
• 5Y*: 14.84%
• 10Y*: 17.16%

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

HSCSX vs. XLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSCSX Homestead Small Company Stock Fund	10.75%	0.54%	8.52%	17.21%	-16.97%	20.38%	22.25%	22.41%	-27.09%	12.03%
XLG Invesco S&P 500 Top 50 ETF	3.55%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%

Correlation

The correlation between HSCSX and XLG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 10, 2005	0.73

Over the past year, the correlation between HSCSX and XLG has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

HSCSX vs. XLG — Risk / Return Rank

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

HSCSX

HSCSX Risk / Return Rank: 24
HSCSX Sharpe Ratio Rank: 19
HSCSX Sortino Ratio Rank: 21
HSCSX Omega Ratio Rank: 17
HSCSX Calmar Ratio Rank: 32
HSCSX Martin Ratio Rank: 31

XLG

XLG Risk / Return Rank: 47
XLG Sharpe Ratio Rank: 52
XLG Sortino Ratio Rank: 49
XLG Omega Ratio Rank: 50
XLG Calmar Ratio Rank: 39
XLG Martin Ratio Rank: 44

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.

HSCSX vs. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Small Company Stock Fund (HSCSX) and Invesco S&P 500 Top 50 ETF (XLG). 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.

	HSCSX	XLG	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.71	-0.55
Sortino ratio: Return per unit of downside risk	1.78	2.33	-0.55
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	2.03	1.91	+0.12
Martin ratio: Return relative to average drawdown	6.62	6.89	-0.26

HSCSX vs. XLG - Sharpe Ratio Comparison

The current HSCSX Sharpe Ratio is 1.16, which is lower than the XLG Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of HSCSX and XLG, 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

HSCSX vs. XLG - Drawdown Comparison

The maximum HSCSX drawdown since its inception was -55.79%, which is greater than XLG's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for HSCSX and XLG.

Drawdown Indicators

	HSCSX	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-55.79%	-52.39%	-3.40%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	-12.41%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-20.70%	-8.72%
Max Drawdown (5Y) Largest decline over 5 years	-29.42%	-28.02%	-1.40%
Max Drawdown (10Y) Largest decline over 10 years	-44.64%	-30.46%	-14.18%
Current Drawdown Current decline from peak	-0.00%	-5.13%	+5.13%
Average Drawdown Average peak-to-trough decline	-9.29%	-7.63%	-1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	3.44%	-0.09%

Volatility

HSCSX vs. XLG - Volatility Comparison

Homestead Small Company Stock Fund (HSCSX) has a higher volatility of 6.10% compared to Invesco S&P 500 Top 50 ETF (XLG) at 4.74%. This indicates that HSCSX's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSCSX	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	4.74%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	10.60%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	19.19%	13.86%	+5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.88%	18.77%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	18.89%	+3.56%

HSCSX vs. XLG - Expense Ratio Comparison

HSCSX has a 1.06% expense ratio, which is higher than XLG's 0.20% expense ratio.

Dividends

HSCSX vs. XLG - Dividend Comparison

HSCSX's dividend yield for the trailing twelve months is around 9.82%, more than XLG's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSCSX Homestead Small Company Stock Fund	9.82%	10.88%	5.42%	3.87%	5.12%	18.41%	12.67%	18.73%	26.80%	4.45%	2.43%	5.07%
XLG Invesco S&P 500 Top 50 ETF	0.65%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both HSCSX and XLG in my portfolio?

HSCSX and XLG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HSCSX or XLG?

HSCSX has higher volatility (6.10%) compared to XLG (4.74%). In terms of maximum drawdown, HSCSX dropped -55.79% vs XLG's -52.39%.

Which has better risk-adjusted returns?

XLG currently has the higher Sharpe Ratio (1.71 vs 1.16), 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.