Hussman now outperforming in almost every single time period

[Rubedo]

Hussman is now outperforming YTD, 1 year, 3 year, and since inception. He only trails slightly in 5 year returns.

Maybe Bill needs to update his article here.

http://www.billakanodoodahs.com/2007/09/only-three-more-months-for-hussman-to-beat-the-benchmark/

In retrospect, HSGFX started outperforming and wiping out the last few years of underperformance after his article.

[nodoodahs]

Thanks Henry, but I'll just add mutual funds to the list of things (iShares and CurrencyShares are on there) where I always check the owning site for distributions.
_________________
I haven’t seen a beatin’ like that since somebody stuck a banana in my pants and turned a monkey loose.

[HenryTo]

Morningstar has the most reliable total return data for Hussman's and other mutual funds:

http://quicktake.morningstar.com/FundNet/TotalReturns.aspx?Country=USA&Symbol=HSGFX

Bill, let me know if you want this data on a monthly basis.

As of September 30th, MCD isn't in the fund's top 25 holdings per Morningstar:

http://quicktake.morningstar.com/FundNet/Holdings.aspx?Country=USA&Symbol=HSGFX

[rffrydr]

Is his biggest holding still McDonalds?
_________________
Today is the Tomorrow you worried about Yesterday!

[nodoodahs]

Rube, I'm just pulling data from Yahoo.

http://finance.yahoo.com/q?s=hsgfx

11.24

http://finance.yahoo.com/q/hp?s=HSGFX&a=10&b=21&c=2000&d=10&e=21&f=2008&g=m

Closed 12/31/2007 at 15.57 adjusted for divvies.

Perhaps Yahoo data has missed a distribution? It's happened before.

My mechanical Timing system is down 13.35% YTD after today. Assuming your numbers are correct and the Yahoo feed missed a distribution (like I said, it's happened before), he's still behind a dumb mechanical timing system that announces its trades the night before taking them.

[edit: yep, not showing the div on Yahoo yet. Normally that happens with iShares bond and Currencyshares ETFs, I guess now I have to worry about mutual funds, too, when using Yahoo data]

[edit 2: the other fund should have a bond benchmark]
_________________
I haven’t seen a beatin’ like that since somebody stuck a banana in my pants and turned a monkey loose.

[Rubedo]

Nodoodahs,

you are WAY off. HSGFX is off 16.55% YTD. You probably didn't include the capital gains they paid off recently. Looks like you have to update again.

Incidentally, Hussman's other fund HSTRX is only down 3.6% even without the ability to short.

[nodoodahs]

Update. Hussman's HSGFX down 26.5% YTD.

My simple, mechanical Timing program is well ahead of that. Rotational is right there in that range. Aggressive and my personal returns (I was in Rotational until spring, then in Aggressive) are below that. Fundamental and Value strategies below by quite a bit, Fundamental is tracking pretty close to the index return.

Yes, HSGFX is "outperforming" the index YTD. But one would expect a manager who pre-anticipated a market meltdown for several years, to the extent of being continuously hedged from 2003 on, to do better than -26.5% in the middle of the very meltdown he warned against (for several consecutive years, mind you).

For all the flack about hedge fund performance in 2008, Johnny is behind almost all major HF indices YTD.

Matter of fact, Johnny is still outperforming the index in all major timeframes. He's also underperforming cash in most timeframes.

1 year -26.7% -44.0%
2 year -12.4% -22.5%
3 year -7.3% -11.9%
4 year -4.1% -7.2%
5 year -2.1% -3.5%
8 year 5.2% -4.4%

[edit to clarify - returns above are annualized and Johnny's are listed first, the SPY second, returns include dividends and distributions]
_________________
I haven’t seen a beatin’ like that since somebody stuck a banana in my pants and turned a monkey loose.

[Rubedo]

He was outperforming in all time periods until 2 days ago. Incidentally, his other fund HSTRX has been doing even better. According to morningstar, it's the number one performer YTD among all balanced funds. Although I think it's more a bond fund than a balanced fund. The bulk of his holdings are in treasuries although he does trade in and out of gold stocks with this fund.

[HenryTo]

A little humility is always nice. Things are reversing for Dr. Hussman:

http://quicktake.morningstar.com/FundNet/TotalReturns.aspx?Country=USA&Symbol=HSGFX

Rubedo, since your post, HSGFX has underperformed the S&P by 2.45% (with all of it coming in the last week) and ranked in the 73rd percentile among its peers (long-short category). It is still underperforming the S&P 500 by 0.77% over the last five years.