HSTRX vs. HSGFX
HSTRX (Hussman Strategic Total Return Fund) and HSGFX (Hussman Strategic Growth Fund) are both mutual funds - HSTRX is a Tactical Allocation fund managed by Hussman Funds, while HSGFX is a Long-Short fund managed by Hussman Funds. Over the past 10 years, HSTRX returned 4.90%/yr vs -2.10%/yr for HSGFX. Their 0.02 correlation means their historical movements had little consistent relationship. HSTRX charges 0.75%/yr vs 1.15%/yr for HSGFX.
Performance
HSTRX vs. HSGFX - Performance Comparison
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Returns By Period
In the year-to-date period, HSTRX achieves a 3.15% return, which is significantly higher than HSGFX's -4.39% return. Over the past 10 years, HSTRX has outperformed HSGFX with an annualized return of 4.90%, while HSGFX has yielded a comparatively lower -2.10% annualized return.
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%
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%
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 |
HSTRX vs. HSGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between HSTRX and HSGFX 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 HSTRX and HSGFX shifts across timeframes, from -0.22 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSTRX vs. HSGFX — Risk / Return Rank
HSTRX
HSGFX
HSTRX vs. HSGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hussman Strategic Total Return Fund (HSTRX) and Hussman Strategic Growth Fund (HSGFX). 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.
| HSTRX | HSGFX | 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 | 1.60 | 0.91 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | -0.47 | +5.55 |
| Martin ratioReturn relative to average drawdown | 11.14 | -0.85 | +11.99 |
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Drawdowns
HSTRX vs. HSGFX - Drawdown Comparison
The maximum HSTRX drawdown since its inception was -13.53%, smaller than the maximum HSGFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for HSTRX and HSGFX.
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Drawdown Indicators
| HSTRX | HSGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -60.61% | +47.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -17.20% | +14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -24.52% | +20.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.53% | -24.52% | +10.99% |
Max Drawdown (10Y)Largest decline over 10 years | -13.53% | -30.86% | +17.33% |
Current DrawdownCurrent decline from peak | -2.02% | -54.46% | +52.44% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -27.03% | +24.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 9.41% | -8.28% |
Volatility
HSTRX vs. HSGFX - Volatility Comparison
The current volatility for Hussman Strategic Total Return Fund (HSTRX) is 0.91%, while Hussman Strategic Growth Fund (HSGFX) has a volatility of 3.28%. This indicates that HSTRX experiences smaller price fluctuations and is considered to be less risky than HSGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSTRX | HSGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 3.28% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 10.36% | -7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 12.86% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 11.42% | -5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 10.90% | -5.00% |
HSTRX vs. HSGFX - Expense Ratio Comparison
HSTRX has a 0.75% expense ratio, which is lower than HSGFX's 1.15% expense ratio.
Dividends
HSTRX vs. HSGFX - Dividend Comparison
HSTRX's dividend yield for the trailing twelve months is around 3.14%, more than HSGFX's 2.43% 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
HSTRX and HSGFX 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, HSTRX dropped -13.53% vs HSGFX's -60.61%.
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.
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