HSGFX vs. HSAFX
Compare and contrast key facts about Hussman Strategic Growth Fund (HSGFX) and Hussman Strategic Allocation Fund (HSAFX).
HSGFX is managed by Hussman Funds. It was launched on Jul 24, 2000. HSAFX is managed by Hussman Funds. It was launched on Aug 26, 2019.
Performance
HSGFX vs. HSAFX - Performance Comparison
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HSGFX vs. HSAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | 5.80% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -6.68% |
HSAFX Hussman Strategic Allocation Fund | 1.92% | 7.78% | 1.74% | 0.65% | 4.42% | 7.23% | 11.20% | -0.37% |
Returns By Period
In the year-to-date period, HSGFX achieves a 5.80% return, which is significantly higher than HSAFX's 1.92% return.
HSGFX
- 1D
- -0.17%
- 1M
- 5.24%
- YTD
- 5.80%
- 6M
- 2.66%
- 1Y
- 0.49%
- 3Y*
- -1.32%
- 5Y*
- -0.64%
- 10Y*
- -1.69%
HSAFX
- 1D
- 0.20%
- 1M
- 0.50%
- YTD
- 1.92%
- 6M
- 1.79%
- 1Y
- 4.11%
- 3Y*
- 3.88%
- 5Y*
- 2.83%
- 10Y*
- —
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HSGFX vs. HSAFX - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is lower than HSAFX's 1.25% expense ratio.
Return for Risk
HSGFX vs. HSAFX — Risk / Return Rank
HSGFX
HSAFX
HSGFX vs. HSAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and Hussman Strategic Allocation Fund (HSAFX). 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.
| HSGFX | HSAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 0.82 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.24 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.15 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.26 | -1.12 |
Martin ratioReturn relative to average drawdown | 0.22 | 3.52 | -3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSGFX | HSAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.82 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.59 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 1.02 | -0.95 |
Correlation
The correlation between HSGFX and HSAFX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HSGFX vs. HSAFX - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.20%, more than HSAFX's 1.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | 2.20% | 2.33% | 3.00% | 3.10% | 1.08% | 0.42% | 0.16% | 1.84% | 1.19% | 0.50% | 0.28% | 0.56% |
HSAFX Hussman Strategic Allocation Fund | 1.41% | 1.90% | 2.15% | 1.60% | 19.12% | 3.37% | 5.55% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HSGFX vs. HSAFX - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than HSAFX's maximum drawdown of -5.54%. Use the drawdown chart below to compare losses from any high point for HSGFX and HSAFX.
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Drawdown Indicators
| HSGFX | HSAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -5.54% | -55.07% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -3.74% | -14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -5.54% | -16.88% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | -49.60% | 0.00% | -49.60% |
Average DrawdownAverage peak-to-trough decline | -26.67% | -1.53% | -25.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 1.34% | +11.01% |
Volatility
HSGFX vs. HSAFX - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.93% compared to Hussman Strategic Allocation Fund (HSAFX) at 1.22%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than HSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSGFX | HSAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 1.22% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 3.79% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 5.68% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 4.82% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 5.11% | +5.48% |