QAITX vs. HSTRX

Last updated Jul 17, 2026

QAITX (Q3 All-Weather Tactical Fund) and HSTRX (Hussman Strategic Total Return Fund) are both Tactical Allocation funds. At a 0.20 correlation, their price movements are largely independent. QAITX charges 1.36%/yr vs 0.75%/yr for HSTRX.

Performance

QAITX vs. HSTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q3 All-Weather Tactical Fund (QAITX) and Hussman Strategic Total Return Fund (HSTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QAITX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSTRX

• 1D: 0.12%
• 1M: -0.95%
• 6M: 0.94%
• YTD: 3.15%
• 1Y: 13.41%
• 3Y*: 10.69%
• 5Y*: 5.57%
• 10Y*: 4.93%

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

QAITX vs. HSTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QAITX Q3 All-Weather Tactical Fund	6.52%	3.53%	16.11%	23.71%	-37.71%	16.80%	26.32%	0.00%
HSTRX Hussman Strategic Total Return Fund	3.15%	20.33%	6.06%	6.04%	-6.23%	1.21%	11.45%	0.23%

Correlation

The correlation between QAITX and HSTRX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019	0.20

Return for Risk

QAITX vs. HSTRX — Risk / Return Rank

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

QAITX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HSTRX

HSTRX Risk / Return Rank: 94
HSTRX Sharpe Ratio Rank: 97
HSTRX Sortino Ratio Rank: 96
HSTRX Omega Ratio Rank: 93
HSTRX Calmar Ratio Rank: 97
HSTRX Martin Ratio Rank: 89

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.

QAITX vs. HSTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q3 All-Weather Tactical Fund (QAITX) and Hussman Strategic Total Return Fund (HSTRX). 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.

	QAITX	HSTRX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.01	—
Sortino ratio: Return per unit of downside risk	—	4.62	—
Omega ratio: Gain probability vs. loss probability	—	1.62	—
Calmar ratio: Return relative to maximum drawdown	—	5.58	—
Martin ratio: Return relative to average drawdown	—	13.24	—

Drawdowns

Drawdown Indicators

	QAITX	HSTRX	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.53%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.24%	—
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	—	-2.02%	—
Average Drawdown Average peak-to-trough decline	—	-2.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	QAITX	HSTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.42%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.90%	—

QAITX vs. HSTRX - Expense Ratio Comparison

QAITX has a 1.36% expense ratio, which is higher than HSTRX's 0.75% expense ratio.

Dividends

QAITX vs. HSTRX - Dividend Comparison

QAITX's dividend yield for the trailing twelve months is around 1.19%, less than HSTRX's 3.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QAITX Q3 All-Weather Tactical Fund	1.19%	1.85%	0.00%	0.00%	0.00%	7.77%	7.57%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QAITX and HSTRX in my portfolio?

QAITX and HSTRX 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.