HSGFX vs. FLSPX
HSGFX (Hussman Strategic Growth Fund) and FLSPX (Meeder Spectrum Fund) are both Long-Short funds. Over the past 10 years, HSGFX returned -2.22%/yr vs 10.60%/yr for FLSPX. Their -0.64 correlation means they have often moved in opposite directions in the past. HSGFX charges 1.15%/yr vs 1.52%/yr for FLSPX.
Performance
HSGFX vs. FLSPX - 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 FLSPX's 10.88% return. Over the past 10 years, HSGFX has underperformed FLSPX with an annualized return of -2.22%, while FLSPX has yielded a comparatively higher 10.60% 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%
FLSPX
- 1D
- 0.24%
- 1M
- 0.84%
- 6M
- 6.45%
- YTD
- 10.88%
- 1Y
- 23.77%
- 3Y*
- 19.18%
- 5Y*
- 11.71%
- 10Y*
- 10.60%
- ALL TIME*
- 9.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FLSPX Meeder Spectrum Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
HSGFX vs. FLSPX - 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% |
FLSPX Meeder Spectrum Fund | 10.88% | 16.15% | 27.96% | 14.00% | -11.49% | 20.56% | -0.23% | 13.03% | -3.96% | 19.30% |
Correlation
The correlation between HSGFX and FLSPX is -0.70, 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. | -0.70 |
Correlation (3Y) Balances recent behavior with more history. | -0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2015 | -0.64 |
The correlation between HSGFX and FLSPX has been stable across timeframes, ranging from -0.70 to -0.62 - a consistent structural relationship.
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Return for Risk
HSGFX vs. FLSPX — Risk / Return Rank
HSGFX
FLSPX
HSGFX vs. FLSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and Meeder Spectrum Fund (FLSPX). 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 | FLSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.30 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 2.56 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.97 | 10.34 | -11.31 |
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Drawdowns
HSGFX vs. FLSPX - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than FLSPX's maximum drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for HSGFX and FLSPX.
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Drawdown Indicators
| HSGFX | FLSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -27.07% | -33.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -8.73% | -8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -16.23% | -8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -20.01% | -4.51% |
Max Drawdown (10Y)Largest decline over 10 years | -30.86% | -27.07% | -3.79% |
Current DrawdownCurrent decline from peak | -54.87% | -0.83% | -54.04% |
Average DrawdownAverage peak-to-trough decline | -27.04% | -5.63% | -21.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 2.15% | +7.29% |
Volatility
HSGFX vs. FLSPX - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.49% compared to Meeder Spectrum Fund (FLSPX) at 3.31%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than FLSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSGFX | FLSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.31% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 10.13% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 12.98% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 13.49% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 13.61% | -2.71% |
HSGFX vs. FLSPX - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is lower than FLSPX's 1.52% expense ratio.
Dividends
HSGFX vs. FLSPX - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.46%, less than FLSPX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLSPX Meeder Spectrum Fund | 4.09% | 4.32% | 17.39% | 8.41% | 2.81% | 5.55% | 0.09% | 0.96% | 1.26% | 6.78% | 2.52% | 1.55% |
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 FLSPX have a correlation of -0.70, 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 FLSPX (3.31%). In terms of maximum drawdown, HSGFX dropped -60.61% vs FLSPX's -27.07%.
FLSPX currently has the higher Sharpe Ratio (1.72 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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