HSGFX vs. FUND
HSGFX (Hussman Strategic Growth Fund) is Long-Short fund managed by Hussman Funds, while FUND (Sprott Focus Trust, Inc.) is a stock. Over the past 10 years, HSGFX returned -2.22%/yr vs 11.86%/yr for FUND. Their -0.25 correlation means they have often moved in opposite directions in the past.
Performance
HSGFX vs. FUND - 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 FUND's 18.11% return. Over the past 10 years, HSGFX has underperformed FUND with an annualized return of -2.22%, while FUND has yielded a comparatively higher 11.86% 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%
FUND
- 1D
- 0.50%
- 1M
- 4.73%
- 6M
- 8.60%
- YTD
- 18.11%
- 1Y
- 40.73%
- 3Y*
- 14.58%
- 5Y*
- 11.96%
- 10Y*
- 11.86%
- ALL TIME*
- 9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $214.22K | $348.81K | $267.21K | |
| $0.00 | $0.00 | $0.00 |
HSGFX vs. FUND - 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% |
FUND Sprott Focus Trust, Inc. | 18.11% | 27.57% | -1.08% | 6.94% | -1.16% | 36.20% | 2.44% | 36.27% | -19.56% | 22.23% |
Correlation
The correlation between HSGFX and FUND is -0.39, 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. | -0.39 |
Correlation (3Y) Balances recent behavior with more history. | -0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2000 | -0.25 |
The correlation between HSGFX and FUND shifts across timeframes, from -0.42 (5 years) to -0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSGFX vs. FUND — Risk / Return Rank
HSGFX
FUND
HSGFX vs. FUND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and Sprott Focus Trust, Inc. (FUND). 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 | FUND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.30 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.44 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.97 | -4.50 |
| Martin ratioReturn relative to average drawdown | -0.97 | 13.40 | -14.37 |
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Drawdowns
HSGFX vs. FUND - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, smaller than the maximum FUND drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for HSGFX and FUND.
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Drawdown Indicators
| HSGFX | FUND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -65.37% | +4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -10.32% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -18.25% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -24.67% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -30.86% | -43.32% | +12.46% |
Current DrawdownCurrent decline from peak | -54.87% | -3.38% | -51.49% |
Average DrawdownAverage peak-to-trough decline | -27.04% | -12.30% | -14.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 3.05% | +6.39% |
Volatility
HSGFX vs. FUND - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.49% compared to Sprott Focus Trust, Inc. (FUND) at 2.75%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than FUND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSGFX | FUND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 2.75% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 12.54% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 15.84% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 18.64% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 19.71% | -8.81% |
Dividends
HSGFX vs. FUND - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.46%, less than FUND's 5.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUND Sprott Focus Trust, Inc. | 5.96% | 6.65% | 8.27% | 6.22% | 6.72% | 8.79% | 7.93% | 6.30% | 11.92% | 6.59% | 5.76% | 7.59% |
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 FUND have a correlation of -0.39, 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 FUND (2.75%). In terms of maximum drawdown, HSGFX dropped -60.61% vs FUND's -65.37%.
FUND currently has the higher Sharpe Ratio (2.59 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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