HSGFX vs. AVUV
HSGFX (Hussman Strategic Growth Fund) and AVUV (Avantis US Small Cap Value ETF) are both funds - HSGFX is a Long-Short fund managed by Hussman Funds, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, HSGFX returned -1.73%/yr vs 13.16%/yr for AVUV. Their -0.40 correlation means they have often moved in opposite directions in the past. HSGFX charges 1.15%/yr vs 0.25%/yr for AVUV.
Performance
HSGFX vs. AVUV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSGFX achieves a -4.39% return, which is significantly lower than AVUV's 23.62% return.
HSGFX
- 1D
- -0.55%
- 1M
- 4.82%
- 6M
- -2.51%
- YTD
- -4.39%
- 1Y
- -9.64%
- 3Y*
- -2.40%
- 5Y*
- -1.73%
- 10Y*
- -2.10%
- ALL TIME*
- 0.26%
AVUV
- 1D
- 0.03%
- 1M
- 1.43%
- 6M
- 15.37%
- YTD
- 23.62%
- 1Y
- 40.65%
- 3Y*
- 16.14%
- 5Y*
- 13.16%
- 10Y*
- —
- ALL TIME*
- 16.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $143.14M | $148.43M | $155.85M | |
| $0.00 | $0.00 | $0.00 |
HSGFX vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | -4.39% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -5.55% |
AVUV Avantis US Small Cap Value ETF | 23.62% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between HSGFX and AVUV is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | -0.40 |
The correlation between HSGFX and AVUV shifts across timeframes, from -0.44 (5 years) to -0.34 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSGFX vs. AVUV — Risk / Return Rank
HSGFX
AVUV
HSGFX vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and Avantis US Small Cap Value ETF (AVUV). 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.
| HSGFX | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.40 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 4.74 | -5.21 |
| Martin ratioReturn relative to average drawdown | -0.85 | 14.98 | -15.83 |
Loading charts...
Drawdowns
HSGFX vs. AVUV - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for HSGFX and AVUV.
Loading charts...
Drawdown Indicators
| HSGFX | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -49.42% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -7.95% | -9.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -28.79% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -28.79% | +4.27% |
Max Drawdown (10Y)Largest decline over 10 years | -30.86% | — | — |
Current DrawdownCurrent decline from peak | -54.46% | -0.72% | -53.74% |
Average DrawdownAverage peak-to-trough decline | -27.03% | -7.78% | -19.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 2.52% | +6.89% |
Volatility
HSGFX vs. AVUV - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.28% compared to Avantis US Small Cap Value ETF (AVUV) at 2.88%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSGFX | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.88% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 10.51% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 16.90% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 22.40% | -10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 28.02% | -17.12% |
HSGFX vs. AVUV - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
HSGFX vs. AVUV - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.43%, more than AVUV's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.25% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
HSGFX Hussman Strategic Growth Fund | 2.43% | 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
HSGFX and AVUV have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSGFX has higher volatility (3.28%) compared to AVUV (2.88%). In terms of maximum drawdown, HSGFX dropped -60.61% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (2.24 vs -0.62), 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.
Find the right allocation for HSGFX and AVUV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer