MOJOX vs. HSAFX

Last updated Apr 2, 2026

Compare and contrast key facts about Donoghue Forlines Momentum Fund (MOJOX) and Hussman Strategic Allocation Fund (HSAFX).

MOJOX is managed by Donoghue Forlines LLC. It was launched on Dec 22, 2016. HSAFX is managed by Hussman Funds. It was launched on Aug 26, 2019.

Performance

MOJOX vs. HSAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Donoghue Forlines Momentum Fund (MOJOX) and Hussman Strategic Allocation Fund (HSAFX). The values are adjusted to include any dividend payments, if applicable.

MOJOX vs. HSAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MOJOX Donoghue Forlines Momentum Fund	15.26%	22.91%	22.29%	19.10%	-22.78%	28.86%	-1.95%	-0.97%
HSAFX Hussman Strategic Allocation Fund	1.51%	7.78%	1.74%	0.65%	4.42%	7.23%	11.20%	-0.37%

Returns By Period

In the year-to-date period, MOJOX achieves a 15.26% return, which is significantly higher than HSAFX's 1.51% return.

MOJOX

• 1D: 3.09%
• 1M: -3.90%
• YTD: 15.26%
• 6M: 20.47%
• 1Y: 45.54%
• 3Y*: 25.14%
• 5Y*: 11.64%
• 10Y*: —

HSAFX

• 1D: -0.40%
• 1M: 0.30%
• YTD: 1.51%
• 6M: 1.59%
• 1Y: 3.81%
• 3Y*: 3.74%
• 5Y*: 2.73%
• 10Y*: —

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

MOJOX vs. HSAFX - Expense Ratio Comparison

MOJOX has a 2.00% expense ratio, which is higher than HSAFX's 1.25% expense ratio.

MOJOX

Donoghue Forlines Momentum Fund

HSAFX

Hussman Strategic Allocation Fund

Return for Risk

MOJOX vs. HSAFX — Risk / Return Rank

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

MOJOX

MOJOX Risk / Return Rank: 93
MOJOX Sharpe Ratio Rank: 92
MOJOX Sortino Ratio Rank: 90
MOJOX Omega Ratio Rank: 88
MOJOX Calmar Ratio Rank: 96
MOJOX Martin Ratio Rank: 97

HSAFX

HSAFX Risk / Return Rank: 24
HSAFX Sharpe Ratio Rank: 22
HSAFX Sortino Ratio Rank: 22
HSAFX Omega Ratio Rank: 16
HSAFX Calmar Ratio Rank: 35
HSAFX Martin Ratio Rank: 24

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.

MOJOX vs. HSAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Momentum Fund (MOJOX) and Hussman Strategic Allocation Fund (HSAFX). 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.

	MOJOX	HSAFX	Difference
Sharpe ratio Return per unit of total volatility	2.08	0.66	+1.42
Sortino ratio Return per unit of downside risk	2.66	1.01	+1.65
Omega ratio Gain probability vs. loss probability	1.39	1.12	+0.27
Calmar ratio Return relative to maximum drawdown	3.86	1.12	+2.74
Martin ratio Return relative to average drawdown	17.52	3.13	+14.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOJOX vs. HSAFX - Sharpe Ratio Comparison

The current MOJOX Sharpe Ratio is 2.08, which is higher than the HSAFX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of MOJOX and HSAFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MOJOX	HSAFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	0.66	+1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.57	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.01	-0.37

Correlation

The correlation between MOJOX and HSAFX is 0.22, 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

MOJOX vs. HSAFX - Dividend Comparison

MOJOX's dividend yield for the trailing twelve months is around 23.27%, more than HSAFX's 1.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MOJOX Donoghue Forlines Momentum Fund	23.27%	26.83%	2.13%	0.00%	0.00%	0.00%	0.00%	5.49%	5.78%	4.75%
HSAFX Hussman Strategic Allocation Fund	1.41%	1.90%	2.15%	1.60%	19.12%	3.37%	5.55%	0.03%	0.00%	0.00%

Drawdowns

MOJOX vs. HSAFX - Drawdown Comparison

The maximum MOJOX drawdown since its inception was -28.85%, which is greater than HSAFX's maximum drawdown of -5.54%. Use the drawdown chart below to compare losses from any high point for MOJOX and HSAFX.

Drawdown Indicators

	MOJOX	HSAFX	Difference
Max Drawdown Largest peak-to-trough decline	-28.85%	-5.54%	-23.31%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-3.74%	-8.47%
Max Drawdown (5Y) Largest decline over 5 years	-25.32%	-5.54%	-19.78%
Current Drawdown Current decline from peak	-4.82%	-0.40%	-4.42%
Average Drawdown Average peak-to-trough decline	-7.97%	-1.53%	-6.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	1.34%	+1.35%

Volatility

MOJOX vs. HSAFX - Volatility Comparison

Donoghue Forlines Momentum Fund (MOJOX) has a higher volatility of 9.31% compared to Hussman Strategic Allocation Fund (HSAFX) at 1.27%. This indicates that MOJOX's price experiences larger fluctuations and is considered to be riskier than HSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOJOX	HSAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.31%	1.27%	+8.04%
Volatility (6M) Calculated over the trailing 6-month period	16.25%	3.81%	+12.44%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	5.68%	+16.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	4.82%	+12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	5.11%	+10.87%