PWLIX vs. HSGFX
PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) and HSGFX (Hussman Strategic Growth Fund) are both Long-Short funds. Over the past 10 years, PWLIX returned 4.41%/yr vs -3.17%/yr for HSGFX. At a correlation of -0.09, they often move in opposite directions. PWLIX charges 1.19%/yr vs 1.15%/yr for HSGFX.
Performance
PWLIX vs. HSGFX - Performance Comparison
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Returns By Period
In the year-to-date period, PWLIX achieves a -1.77% return, which is significantly higher than HSGFX's -10.54% return. Over the past 10 years, PWLIX has outperformed HSGFX with an annualized return of 4.41%, while HSGFX has yielded a comparatively lower -3.17% annualized return.
PWLIX
- 1D
- -0.28%
- 1M
- -3.73%
- YTD
- -1.77%
- 6M
- -3.48%
- 1Y
- -0.63%
- 3Y*
- 3.90%
- 5Y*
- 4.27%
- 10Y*
- 4.41%
HSGFX
- 1D
- -0.20%
- 1M
- -2.68%
- YTD
- -10.54%
- 6M
- -10.66%
- 1Y
- -18.37%
- 3Y*
- -4.74%
- 5Y*
- -3.50%
- 10Y*
- -3.17%
PWLIX vs. HSGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund | -1.77% | 4.64% | 4.65% | 4.04% | 4.33% | 15.15% | -12.66% | 9.60% | 0.49% | 11.80% |
HSGFX Hussman Strategic Growth Fund | -10.54% | 6.24% | -6.99% | -11.60% | 17.33% | -0.23% | 14.52% | -18.87% | 8.78% | -12.72% |
Correlation
The correlation between PWLIX and HSGFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | -0.09 |
The correlation between PWLIX and HSGFX shifts across timeframes, from -0.09 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PWLIX vs. HSGFX — Risk / Return Rank
PWLIX
HSGFX
PWLIX vs. HSGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) 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.
| PWLIX | HSGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.77 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -1.01 | +1.00 |
| Martin ratioReturn relative to average drawdown | -0.03 | -2.01 | +1.99 |
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Drawdowns
PWLIX vs. HSGFX - Drawdown Comparison
The maximum PWLIX drawdown since its inception was -26.92%, smaller than the maximum HSGFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for PWLIX and HSGFX.
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Drawdown Indicators
| PWLIX | HSGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.92% | -60.61% | +33.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -17.98% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -11.74% | -24.52% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -11.74% | -24.52% | +12.78% |
Max Drawdown (10Y)Largest decline over 10 years | -26.92% | -33.41% | +6.49% |
Current DrawdownCurrent decline from peak | -10.30% | -57.39% | +47.09% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -26.91% | +22.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 9.33% | -5.61% |
Volatility
PWLIX vs. HSGFX - Volatility Comparison
The current volatility for PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) is 3.28%, while Hussman Strategic Growth Fund (HSGFX) has a volatility of 5.62%. This indicates that PWLIX 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
| PWLIX | HSGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 5.62% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 10.01% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.89% | 12.28% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.02% | 11.29% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.04% | 10.83% | -1.79% |
PWLIX vs. HSGFX - Expense Ratio Comparison
PWLIX has a 1.19% expense ratio, which is higher than HSGFX's 1.15% expense ratio.
Dividends
PWLIX vs. HSGFX - Dividend Comparison
PWLIX's dividend yield for the trailing twelve months is around 5.01%, more than HSGFX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSGFX Hussman Strategic Growth Fund | 2.60% | 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 | 5.01% | 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
PWLIX and HSGFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSGFX has higher volatility (5.62%) compared to PWLIX (3.28%). In terms of maximum drawdown, PWLIX dropped -26.92% vs HSGFX's -60.61%.
PWLIX currently has the higher Sharpe Ratio (-0.01 vs -1.51), 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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