HSGFX vs. HSTRX
HSGFX (Hussman Strategic Growth Fund) and HSTRX (Hussman Strategic Total Return Fund) are both mutual funds - HSGFX is a Long-Short fund managed by Hussman Funds, while HSTRX is a Tactical Allocation fund managed by Hussman Funds. Over the past 10 years, HSGFX returned -2.10%/yr vs 4.90%/yr for HSTRX. Their 0.02 correlation means their historical movements had little consistent relationship. HSGFX charges 1.15%/yr vs 0.75%/yr for HSTRX.
Performance
HSGFX vs. HSTRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSGFX achieves a -4.39% return, which is significantly lower than HSTRX's 3.15% return. Over the past 10 years, HSGFX has underperformed HSTRX with an annualized return of -2.10%, while HSTRX has yielded a comparatively higher 4.90% annualized return.
HSGFX
- 1D
- -0.55%
- 1M
- 4.82%
- 6M
- -2.51%
- YTD
- -4.39%
- 1Y
- -9.64%
- 3Y*
- -2.40%
- 5Y*
- -1.73%
- 10Y*
- -2.10%
- ALL TIME*
- 0.26%
HSTRX
- 1D
- 0.12%
- 1M
- -0.18%
- 6M
- 0.18%
- YTD
- 3.15%
- 1Y
- 11.48%
- 3Y*
- 10.58%
- 5Y*
- 5.44%
- 10Y*
- 4.90%
- ALL TIME*
- 5.12%
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. HSTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | -4.39% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -18.87% | 8.78% | -12.72% |
HSTRX Hussman Strategic Total Return Fund | 3.15% | 20.33% | 6.06% | 6.04% | -6.23% | 1.21% | 11.45% | 11.42% | 1.48% | 1.21% |
Correlation
The correlation between HSGFX and HSTRX is -0.22, 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. | -0.22 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2002 | 0.02 |
The correlation between HSGFX and HSTRX shifts across timeframes, from -0.22 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSGFX vs. HSTRX — Risk / Return Rank
HSGFX
HSTRX
HSGFX vs. HSTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and Hussman Strategic Total Return Fund (HSTRX). 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 | HSTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.59 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.60 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 5.08 | -5.55 |
| Martin ratioReturn relative to average drawdown | -0.85 | 11.14 | -11.99 |
Loading charts...
Drawdowns
HSGFX vs. HSTRX - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than HSTRX's maximum drawdown of -13.53%. Use the drawdown chart below to compare losses from any high point for HSGFX and HSTRX.
Loading charts...
Drawdown Indicators
| HSGFX | HSTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -13.53% | -47.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -2.48% | -14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -4.24% | -20.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -13.53% | -10.99% |
Max Drawdown (10Y)Largest decline over 10 years | -30.86% | -13.53% | -17.33% |
Current DrawdownCurrent decline from peak | -54.46% | -2.02% | -52.44% |
Average DrawdownAverage peak-to-trough decline | -27.03% | -2.68% | -24.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 1.13% | +8.28% |
Volatility
HSGFX vs. HSTRX - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.28% compared to Hussman Strategic Total Return Fund (HSTRX) at 0.91%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than HSTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSGFX | HSTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 0.91% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 2.44% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 4.31% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 6.42% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 5.90% | +5.00% |
HSGFX vs. HSTRX - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is higher than HSTRX's 0.75% expense ratio.
Dividends
HSGFX vs. HSTRX - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.43%, less than HSTRX's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | 2.43% | 2.33% | 3.00% | 3.10% | 1.08% | 0.42% | 0.16% | 1.84% | 1.19% | 0.50% | 0.28% | 0.56% |
HSTRX Hussman Strategic Total Return Fund | 3.14% | 2.25% | 2.91% | 2.54% | 2.15% | 1.33% | 0.52% | 1.29% | 1.20% | 0.37% | 0.25% | 0.42% |
Frequently Asked Questions
HSGFX and HSTRX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSGFX has higher volatility (3.28%) compared to HSTRX (0.91%). In terms of maximum drawdown, HSGFX dropped -60.61% vs HSTRX's -13.53%.
HSTRX currently has the higher Sharpe Ratio (2.97 vs -0.62), 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.
Find the right allocation for HSGFX and HSTRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer