Performance During Bear Markets

Historically, the Greenspring Fund has performed very well during periods of market turbulence. The charts below compare Greenspring Fund’s performance with that of the Dow Jones Industrial Average Index and the S&P 500 Index since 1987 during periods in which those indices declined by more than 20%.

Greenspring Fund vs. the Dow

Click for Graph GSF DOW
October 9, 2007 – March 9, 2009 -22.46% -51.79%
January 14, 2000 – October 9, 2002 +5.26% -34.82%
July 17 – October 11, 1990 -8.22% -20.42%
August 25 – October 19, 1987 -7.98% -35.86%

Greenspring Fund vs. the S&P 500

Click for Graph GSF S&P 500
October 9, 2007 – March 9, 2009 -22.46% -55.25%
September 1, 2000 – October 9, 2002 -5.25% -47.41%
August 25 – October 19, 1987 -7.98% -32.95%

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s share, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted.  View quarterly and month-end performance here.

The Dow Jones Industrial Average is an unmanaged index of common stocks comprised of major industrial companies and assumes reinvestment of dividends. The S&P 500 Index is a market capitalization-weighted index representing 500 of the largest companies in the U.S. and assumes the reinvestment of dividends. You cannot invest directly in an index.

Year-to-Date Performance As of 08/23/2019

+11.91%