HSGFX vs. BPLSX
HSGFX (Hussman Strategic Growth Fund) and BPLSX (Boston Partners Long/Short Equity Fund Institutional Class) are both Long-Short funds. Over the past 10 years, HSGFX returned -2.22%/yr vs 13.79%/yr for BPLSX. Their -0.23 correlation means they have often moved in opposite directions in the past. HSGFX charges 1.15%/yr vs 2.04%/yr for BPLSX.
Performance
HSGFX vs. BPLSX - Performance Comparison
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Returns By Period
In the year-to-date period, HSGFX achieves a -5.27% return, which is significantly lower than BPLSX's 21.53% return. Over the past 10 years, HSGFX has underperformed BPLSX with an annualized return of -2.22%, while BPLSX has yielded a comparatively higher 13.79% annualized return.
HSGFX
- 1D
- -0.92%
- 1M
- 3.85%
- 6M
- -3.58%
- YTD
- -5.27%
- 1Y
- -10.47%
- 3Y*
- -2.65%
- 5Y*
- -1.91%
- 10Y*
- -2.22%
- ALL TIME*
- 0.22%
BPLSX
- 1D
- 0.11%
- 1M
- 4.06%
- 6M
- 18.67%
- YTD
- 21.53%
- 1Y
- 38.57%
- 3Y*
- 34.29%
- 5Y*
- 25.15%
- 10Y*
- 13.79%
- ALL TIME*
- 11.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HSGFX vs. BPLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | -5.27% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -18.87% | 8.78% | -12.72% |
BPLSX Boston Partners Long/Short Equity Fund Institutional Class | 21.53% | 28.28% | 43.67% | 15.23% | 7.22% | 32.04% | -5.68% | 9.22% | -15.47% | 2.76% |
Correlation
The correlation between HSGFX and BPLSX is -0.25, 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. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2000 | -0.23 |
The correlation between HSGFX and BPLSX shifts across timeframes, from -0.37 (5 years) to -0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSGFX vs. BPLSX — Risk / Return Rank
HSGFX
BPLSX
HSGFX vs. BPLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and Boston Partners Long/Short Equity Fund Institutional Class (BPLSX). 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 | BPLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.23 | ||
| Sortino ratioReturn per unit of downside risk | -6.33 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.65 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 7.16 | -7.69 |
| Martin ratioReturn relative to average drawdown | -0.97 | 26.15 | -27.12 |
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Drawdowns
HSGFX vs. BPLSX - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than BPLSX's maximum drawdown of -43.20%. Use the drawdown chart below to compare losses from any high point for HSGFX and BPLSX.
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Drawdown Indicators
| HSGFX | BPLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -43.20% | -17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -5.23% | -11.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -24.58% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -24.58% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -30.86% | -37.28% | +6.42% |
Current DrawdownCurrent decline from peak | -54.87% | -0.23% | -54.64% |
Average DrawdownAverage peak-to-trough decline | -27.04% | -6.27% | -20.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 1.43% | +8.01% |
Volatility
HSGFX vs. BPLSX - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.49% compared to Boston Partners Long/Short Equity Fund Institutional Class (BPLSX) at 2.73%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than BPLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSGFX | BPLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 2.73% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 8.41% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 10.64% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 27.68% | -16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 22.87% | -11.97% |
HSGFX vs. BPLSX - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is lower than BPLSX's 2.04% expense ratio.
Dividends
HSGFX vs. BPLSX - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.46%, less than BPLSX's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPLSX Boston Partners Long/Short Equity Fund Institutional Class | 6.53% | 7.93% | 44.35% | 22.61% | 12.63% | 4.36% | 38.62% | 10.22% | 8.85% | 0.76% | 0.00% | 9.19% |
HSGFX Hussman Strategic Growth Fund | 2.46% | 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 BPLSX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSGFX has higher volatility (3.49%) compared to BPLSX (2.73%). In terms of maximum drawdown, HSGFX dropped -60.61% vs BPLSX's -43.20%.
BPLSX currently has the higher Sharpe Ratio (3.52 vs -0.71), 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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