HSTRX vs. CGSD

Last updated Jun 4, 2026

HSTRX (Hussman Strategic Total Return Fund) and CGSD (Capital Group Short Duration Income ETF) are both funds - HSTRX is a Tactical Allocation fund managed by Hussman Funds, while CGSD is a Short-Term Bond fund actively managed by Capital Group. Over the past 3 years, HSTRX returned 11.29%/yr vs 5.21%/yr for CGSD. A 0.51 correlation means they provide meaningful diversification when combined. HSTRX charges 0.75%/yr vs 0.25%/yr for CGSD.

Performance

HSTRX vs. CGSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hussman Strategic Total Return Fund (HSTRX) and Capital Group Short Duration Income ETF (CGSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSTRX achieves a 4.14% return, which is significantly higher than CGSD's 0.70% return.

HSTRX

• 1D: 0.06%
• 1M: 0.29%
• YTD: 4.14%
• 6M: 4.60%
• 1Y: 15.23%
• 3Y*: 11.29%
• 5Y*: 5.66%
• 10Y*: 5.19%

CGSD

• 1D: -0.10%
• 1M: 0.14%
• YTD: 0.70%
• 6M: 1.09%
• 1Y: 4.30%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HSTRX vs. CGSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HSTRX Hussman Strategic Total Return Fund	4.14%	20.33%	6.06%	6.04%	1.29%
CGSD Capital Group Short Duration Income ETF	0.70%	6.11%	5.46%	5.03%	1.32%

Correlation

The correlation between HSTRX and CGSD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.51

The correlation between HSTRX and CGSD has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.

Return for Risk

HSTRX vs. CGSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSTRX

HSTRX Risk / Return Rank: 90
HSTRX Sharpe Ratio Rank: 89
HSTRX Sortino Ratio Rank: 90
HSTRX Omega Ratio Rank: 88
HSTRX Calmar Ratio Rank: 96
HSTRX Martin Ratio Rank: 88

CGSD

CGSD Risk / Return Rank: 87
CGSD Sharpe Ratio Rank: 87
CGSD Sortino Ratio Rank: 93
CGSD Omega Ratio Rank: 91
CGSD Calmar Ratio Rank: 77
CGSD Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSTRX vs. CGSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Total Return Fund (HSTRX) and Capital Group Short Duration Income ETF (CGSD). 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.

	HSTRX	CGSD	Difference
Sharpe ratio Return per unit of total volatility	2.94	2.94	0.00
Sortino ratio Return per unit of downside risk	4.34	4.65	-0.31
Omega ratio Gain probability vs. loss probability	1.61	1.61	0.00
Calmar ratio Return relative to maximum drawdown	6.26	3.88	+2.38
Martin ratio Return relative to average drawdown	17.32	18.36	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSTRX vs. CGSD - Sharpe Ratio Comparison

The current HSTRX Sharpe Ratio is 2.94, which is comparable to the CGSD Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of HSTRX and CGSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HSTRX	CGSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	2.94	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	2.41	-1.55

Drawdowns

HSTRX vs. CGSD - Drawdown Comparison

The maximum HSTRX drawdown since its inception was -13.53%, which is greater than CGSD's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for HSTRX and CGSD.

Drawdown Indicators

	HSTRX	CGSD	Difference
Max Drawdown Largest peak-to-trough decline	-13.53%	-1.75%	-11.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	-1.11%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-4.24%	-1.11%	-3.13%
Max Drawdown (5Y) Largest decline over 5 years	-13.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-13.53%	—	—
Current Drawdown Current decline from peak	-1.08%	-0.14%	-0.94%
Average Drawdown Average peak-to-trough decline	-2.69%	-0.28%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.23%	+0.64%

Volatility

HSTRX vs. CGSD - Volatility Comparison

Hussman Strategic Total Return Fund (HSTRX) has a higher volatility of 1.08% compared to Capital Group Short Duration Income ETF (CGSD) at 0.39%. This indicates that HSTRX's price experiences larger fluctuations and is considered to be riskier than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSTRX	CGSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	0.39%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	1.01%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	5.20%	1.47%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.42%	2.16%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	2.16%	+3.74%

HSTRX vs. CGSD - Expense Ratio Comparison

HSTRX has a 0.75% expense ratio, which is higher than CGSD's 0.25% expense ratio.

Dividends

HSTRX vs. CGSD - Dividend Comparison

HSTRX's dividend yield for the trailing twelve months is around 2.36%, less than CGSD's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGSD Capital Group Short Duration Income ETF	4.46%	4.48%	4.57%	4.43%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HSTRX Hussman Strategic Total Return Fund	2.36%	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

Can I hold both HSTRX and CGSD in my portfolio?

HSTRX and CGSD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HSTRX or CGSD?

HSTRX has higher volatility (1.08%) compared to CGSD (0.39%). In terms of maximum drawdown, HSTRX dropped -13.53% vs CGSD's -1.75%.

Which has better risk-adjusted returns?

HSTRX currently has the higher Sharpe Ratio (2.94 vs 2.94), 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.