HSGFX vs. PWLIX
HSGFX (Hussman Strategic Growth Fund) and PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) are both Long-Short funds. Over the past 10 years, HSGFX returned -2.22%/yr vs 4.74%/yr for PWLIX. Their -0.07 correlation means they have often moved in opposite directions in the past. HSGFX charges 1.15%/yr vs 1.19%/yr for PWLIX.
Performance
HSGFX vs. PWLIX - 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 PWLIX's 5.56% return. Over the past 10 years, HSGFX has underperformed PWLIX with an annualized return of -2.22%, while PWLIX has yielded a comparatively higher 4.74% 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%
PWLIX
- 1D
- -1.80%
- 1M
- 4.38%
- 6M
- 2.23%
- YTD
- 5.56%
- 1Y
- 5.66%
- 3Y*
- 6.14%
- 5Y*
- 5.54%
- 10Y*
- 4.74%
- ALL TIME*
- 4.47%
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. PWLIX - 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% |
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 5.56% | 4.64% | 4.65% | 4.04% | 4.33% | 15.15% | -12.66% | 9.60% | 0.49% | 11.80% |
Correlation
The correlation between HSGFX and PWLIX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | -0.07 |
The correlation between HSGFX and PWLIX shifts across timeframes, from -0.07 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HSGFX vs. PWLIX — Risk / Return Rank
HSGFX
PWLIX
HSGFX vs. PWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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 | PWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.13 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 0.68 | -1.21 |
| Martin ratioReturn relative to average drawdown | -0.97 | 1.60 | -2.57 |
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Drawdowns
HSGFX vs. PWLIX - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than PWLIX's maximum drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for HSGFX and PWLIX.
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Drawdown Indicators
| HSGFX | PWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -26.92% | -33.69% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -10.30% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -24.52% | -11.74% | -12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -11.74% | -12.78% |
Max Drawdown (10Y)Largest decline over 10 years | -30.86% | -26.92% | -3.94% |
Current DrawdownCurrent decline from peak | -54.87% | -3.61% | -51.26% |
Average DrawdownAverage peak-to-trough decline | -27.04% | -4.22% | -22.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 4.35% | +5.09% |
Volatility
HSGFX vs. PWLIX - Volatility Comparison
The current volatility for Hussman Strategic Growth Fund (HSGFX) is 3.49%, while PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) has a volatility of 5.12%. This indicates that HSGFX experiences smaller price fluctuations and is considered to be less risky than PWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSGFX | PWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 5.12% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 8.56% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 10.30% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 9.35% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 9.17% | +1.73% |
HSGFX vs. PWLIX - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is lower than PWLIX's 1.19% expense ratio.
Dividends
HSGFX vs. PWLIX - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.46%, less than PWLIX's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | 4.66% | 6.65% | 4.75% | 5.51% | 14.75% | 11.99% | 7.31% | 6.79% | 0.39% | 10.82% | 4.16% | 3.61% |
Frequently Asked Questions
HSGFX and PWLIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWLIX has higher volatility (5.12%) compared to HSGFX (3.49%). In terms of maximum drawdown, HSGFX dropped -60.61% vs PWLIX's -26.92%.
PWLIX currently has the higher Sharpe Ratio (0.68 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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