HSTRX Performance — Hussman Strategic Total Return Fund
Data updated: 2026-08-28
HSTRX returned −5.55% year to date and −6.04% over one year to Jun 2026. Annualised returns are −7.13% over 3 years and −11.78% over 5 years. The fund trailed its Short-Term Government Bond category average: $100 invested three years ago grew to $80, against $115 for the category, and to $94 over one year, against $103. Volatility over the past three years was 5.56% a year. In the 12 months to Jun 2026 the fund took in a net $22.4M, and assets reached $264.28M.
HSTRX Growth of $100
What $100 invested in Hussman Strategic Total Return Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Government Bond category average over the same months.
| Period | HSTRX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $94 | $103 |
| 3 years (Jul 2023 – Jun 2026) | $80 | $115 |
| 5 years (Jul 2021 – Jun 2026) | $53 | $111 |
| Since data start (Jan 2020 – Jun 2026) | $48 | $116 |
HSTRX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −5.55% |
| 1 year | −6.04% |
| 3 years (annualised) | −7.13% |
| 5 years (annualised) | −11.78% |
HSTRX Annual Returns
Calendar-year total returns of Hussman Strategic Total Return Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −5.55% |
| 2025 | +0.92% |
| 2024 | −11.49% |
| 2023 | −11.52% |
| 2022 | −21.76% |
| 2021 | −15.56% |
| 2020 | −3.43% |
HSTRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | +0.7% | −3.2% | −1.0% | −1.3% | −2.2% | — | — | — | — | — | — |
| 2025 | 0.0% | +0.9% | +0.9% | +1.2% | −2.3% | +0.7% | −1.6% | +3.3% | +0.5% | −2.2% | +0.8% | −1.2% |
| 2024 | −3.3% | −2.7% | +1.8% | −1.2% | 0.0% | −0.9% | +0.4% | +0.4% | −0.6% | −1.4% | −1.6% | −2.9% |
| 2023 | +0.9% | −4.6% | +2.7% | −0.9% | −3.5% | −1.4% | −0.3% | −2.1% | −2.9% | −1.2% | +1.4% | 0.0% |
| 2022 | −2.7% | +0.5% | −0.2% | −4.0% | −1.2% | −5.5% | −0.7% | −3.7% | −4.8% | −0.5% | +0.8% | −2.0% |
| 2021 | −2.1% | −3.3% | −1.0% | −0.3% | +0.7% | −1.9% | −0.9% | −2.1% | −2.8% | −0.8% | −1.8% | −0.4% |
| 2020 | 0.0% | 0.0% | 0.0% | +4.9% | −0.5% | −0.3% | +0.8% | −1.4% | −2.7% | −1.9% | −1.3% | −0.9% |
HSTRX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.56%
- 3-year Sharpe ratio: -2.09 (vs 4.5% risk-free rate)
- Best month: +3.27% (Aug 2025)
- Worst month: −3.27% (Jan 2024)
HSTRX Fund Flows
Monthly money in and out of Hussman Strategic Total Return Fund, from SEC Form N-PORT.
- 12-month net flow: $22.4M
- 12-month gross sales (incl. reinvestments): $74.9M
- Sales ÷ redemptions: 1.43×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6.3M | $10.1M | −$3.8M |
| May 2026 | $2.7M | $9.0M | −$6.3M |
| Apr 2026 | $9.8M | $2.9M | $7.0M |
| Mar 2026 | $6.6M | $5.0M | $1.6M |
| Feb 2026 | $8.7M | $2.9M | $5.8M |
| Jan 2026 | $9.1M | $6.1M | $3.0M |
| Dec 2025 | $5.4M | $3.2M | $2.2M |
| Nov 2025 | $2.8M | $3.7M | −$948K |
| Oct 2025 | $6.2M | $3.3M | $2.9M |
| Sep 2025 | $9.0M | $1.5M | $7.5M |
| Aug 2025 | $2.6M | $2.3M | $251K |
| Jul 2025 | $5.7M | $2.4M | $3.3M |
HSTRX Assets Under Management
Net assets of Hussman Strategic Total Return Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $264.28M |
| 2026-03-31 | $271.37M |
| 2025-12-31 | $253.25M |
| 2025-09-30 | $246.08M |
| 2025-06-30 | $221.28M |
| 2025-03-31 | $191.89M |
| 2024-12-31 | $179.75M |
| 2024-09-30 | $182.24M |
| 2024-06-30 | $179.75M |
| 2024-03-31 | $185.65M |
| 2023-12-31 | $201.20M |
| 2023-09-30 | $204.65M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.