HSGFX vs. TLT
Compare and contrast key facts about Hussman Strategic Growth Fund (HSGFX) and iShares 20+ Year Treasury Bond ETF (TLT).
HSGFX is managed by Hussman Funds. It was launched on Jul 24, 2000. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
HSGFX vs. TLT - Performance Comparison
Loading graphics...
HSGFX vs. TLT - 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% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, HSGFX achieves a 5.80% return, which is significantly higher than TLT's 0.17% return. Over the past 10 years, HSGFX has underperformed TLT with an annualized return of -1.69%, while TLT has yielded a comparatively higher -1.38% 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%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HSGFX vs. TLT - Expense Ratio Comparison
HSGFX has a 1.15% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
HSGFX vs. TLT — Risk / Return Rank
HSGFX
TLT
HSGFX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Growth Fund (HSGFX) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | -0.04 | +0.14 |
Sortino ratioReturn per unit of downside risk | 0.25 | 0.02 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.05 | +0.09 |
Martin ratioReturn relative to average drawdown | 0.22 | 0.11 | +0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HSGFX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.04 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.37 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | -0.09 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.26 | -0.19 |
Correlation
The correlation between HSGFX and TLT is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HSGFX vs. TLT - Dividend Comparison
HSGFX's dividend yield for the trailing twelve months is around 2.20%, less than TLT's 4.49% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
HSGFX vs. TLT - Drawdown Comparison
The maximum HSGFX drawdown since its inception was -60.61%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for HSGFX and TLT.
Loading graphics...
Drawdown Indicators
| HSGFX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -48.35% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -18.73% | -9.23% | -9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -43.70% | +21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | -48.35% | +13.65% |
Current DrawdownCurrent decline from peak | -49.60% | -40.17% | -9.43% |
Average DrawdownAverage peak-to-trough decline | -26.67% | -13.62% | -13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 4.38% | +7.97% |
Volatility
HSGFX vs. TLT - Volatility Comparison
Hussman Strategic Growth Fund (HSGFX) has a higher volatility of 3.93% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.71%. This indicates that HSGFX's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HSGFX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.71% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 6.61% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 11.44% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 15.90% | -4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 14.93% | -4.34% |