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 -3.66%/yr vs 11.94%/yr for AVUV. At a correlation of -0.40, they often move in opposite directions. HSGFX charges 1.15%/yr vs 0.25%/yr for AVUV.
Performance
HSGFX vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, HSGFX achieves a -10.37% return, which is significantly lower than AVUV's 20.76% return.
HSGFX
- 1D
- -1.35%
- 1M
- -2.49%
- YTD
- -10.37%
- 6M
- -11.70%
- 1Y
- -18.33%
- 3Y*
- -4.63%
- 5Y*
- -3.66%
- 10Y*
- -3.11%
AVUV
- 1D
- 0.31%
- 1M
- 2.33%
- YTD
- 20.76%
- 6M
- 18.15%
- 1Y
- 39.60%
- 3Y*
- 20.03%
- 5Y*
- 11.94%
- 10Y*
- —
HSGFX vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | -10.37% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -5.55% |
AVUV Avantis US Small Cap Value ETF | 20.76% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between HSGFX and AVUV is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.39 |
Correlation (5Y) Calculated over the trailing 5-year 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 -0.29 (1 year), reflecting how their relationship changes across market environments.
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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 | -3.73 | ||
| Sortino ratioReturn per unit of downside risk | -5.37 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.39 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 5.00 | -5.99 |
| Martin ratioReturn relative to average drawdown | -1.94 | 14.84 | -16.78 |
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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.
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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 | -18.21% | -7.95% | -10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -28.79% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -28.79% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | — | — |
Current DrawdownCurrent decline from peak | -57.30% | -1.61% | -55.69% |
Average DrawdownAverage peak-to-trough decline | -26.91% | -7.90% | -19.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 2.68% | +6.58% |
Volatility
HSGFX vs. AVUV - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 5.62% compared to Avantis US Small Cap Value ETF (AVUV) at 4.28%. 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.
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Volatility by Period
| HSGFX | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 4.28% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 11.39% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 17.67% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.30% | 22.65% | -11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.83% | 28.23% | -17.40% |
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 2.60%, more than AVUV's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.63% | 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 | 2.60% | 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 -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSGFX has higher volatility (5.62%) compared to AVUV (4.28%). In terms of maximum drawdown, HSGFX dropped -60.61% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (2.26 vs -1.47), 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.
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