HSGFX vs. PSQ
Compare and contrast key facts about Hussman Strategic Growth Fund (HSGFX) and ProShares Short QQQ (PSQ).
HSGFX is managed by Hussman Funds. It was launched on Jul 24, 2000. PSQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-100%). It was launched on Jun 19, 2006.
Performance
HSGFX vs. PSQ - Performance Comparison
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HSGFX vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | 5.80% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -18.87% | 8.78% | -12.72% |
PSQ ProShares Short QQQ | 7.10% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
Returns By Period
In the year-to-date period, HSGFX achieves a 5.80% return, which is significantly lower than PSQ's 7.10% return. Over the past 10 years, HSGFX has outperformed PSQ with an annualized return of -1.69%, while PSQ has yielded a comparatively lower -17.21% annualized 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%
PSQ
- 1D
- -3.36%
- 1M
- 5.19%
- YTD
- 7.10%
- 6M
- 5.61%
- 1Y
- -17.44%
- 3Y*
- -14.62%
- 5Y*
- -10.93%
- 10Y*
- -17.21%
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HSGFX vs. PSQ - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is higher than PSQ's 0.95% expense ratio.
Return for Risk
HSGFX vs. PSQ — Risk / Return Rank
HSGFX
PSQ
HSGFX vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and ProShares Short QQQ (PSQ). 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 | PSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | -0.78 | +0.87 |
Sortino ratioReturn per unit of downside risk | 0.25 | -0.98 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.86 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.51 | +0.65 |
Martin ratioReturn relative to average drawdown | 0.22 | -0.64 | +0.86 |
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 | PSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.78 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.49 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | -0.78 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.72 | +0.79 |
Correlation
The correlation between HSGFX and PSQ is 0.55, 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. PSQ - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.20%, less than PSQ's 4.08% 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% |
PSQ ProShares Short QQQ | 4.08% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% | 0.00% | 0.00% |
Drawdowns
HSGFX vs. PSQ - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, smaller than the maximum PSQ drawdown of -97.99%. Use the drawdown chart below to compare losses from any high point for HSGFX and PSQ.
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Drawdown Indicators
| HSGFX | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -97.99% | +37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -33.97% | +15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -54.95% | +32.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -87.30% | +52.60% |
Current DrawdownCurrent decline from peak | -49.60% | -97.76% | +48.16% |
Average DrawdownAverage peak-to-trough decline | -26.67% | -73.76% | +47.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 27.21% | -14.86% |
Volatility
HSGFX vs. PSQ - Volatility Comparison
The current volatility for Hussman Strategic Growth Fund (HSGFX) is 3.93%, while ProShares Short QQQ (PSQ) has a volatility of 6.57%. This indicates that HSGFX experiences smaller price fluctuations and is considered to be less risky than PSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSGFX | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 6.57% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 12.77% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 22.53% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 22.45% | -11.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 22.21% | -11.62% |