- ISIN
- US44134R8346
- Issuer
- Hotchkis & Wiley
- Inception Date
- Dec 31, 2002
- Category
- Large Cap Value Equities
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HWAIX Performance Chart
Hotchkis & Wiley Value Opportunities Fund (HWAIX) is up 4.9% since the beginning of the year. HWAIX is currently trading at $43 per share. Investors who bought $1,000 worth of HWAIX shares 5 years ago would now be looking at an investment worth $1,716.
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Returns By Period
Hotchkis & Wiley Value Opportunities Fund (HWAIX) has returned 4.87% so far this year and 14.21% over the past 12 months. Over the last ten years, HWAIX has returned 13.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hotchkis & Wiley Value Opportunities Fund
- 1D
- -0.28%
- 1M
- -2.10%
- YTD
- 4.87%
- 6M
- 4.49%
- 1Y
- 14.21%
- 3Y*
- 14.70%
- 5Y*
- 11.41%
- 10Y*
- 13.10%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HWAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, HWAIX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +20.8%, while the worst month was Mar 2020 at -23.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HWAIX closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +9.3%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.18% | -1.42% | -0.79% | 4.56% | 4.78% | -4.21% | 4.87% | ||||||
| 2025 | 4.09% | 1.16% | -2.87% | -3.40% | 5.04% | 3.17% | 0.37% | 4.98% | 1.28% | -2.37% | 0.29% | 2.39% | 14.56% |
| 2024 | -1.50% | 1.49% | 6.19% | -3.95% | 4.84% | -1.58% | 5.10% | 0.96% | 0.12% | -0.07% | 4.46% | -4.36% | 11.59% |
| 2023 | 9.84% | -0.37% | -1.39% | 0.59% | -2.57% | 5.90% | 5.43% | -2.06% | -2.74% | -3.63% | 7.07% | 9.21% | 26.74% |
| 2022 | -0.17% | -0.51% | 3.35% | -10.56% | 4.52% | -13.76% | 11.55% | -0.89% | -11.13% | 12.32% | 7.01% | -5.74% | -7.88% |
| 2021 | 2.82% | 11.60% | 4.27% | 2.11% | 3.88% | -0.93% | -1.18% | 4.62% | -0.98% | 4.80% | -4.38% | 4.14% | 34.33% |
Benchmark Metrics
Hotchkis & Wiley Value Opportunities Fund has an annualized alpha of 0.22%, beta of 0.92, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participated in 105.27% of S&P 500 Index downside but only 99.94% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.92 and R2 of 0.75, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.22%
- Beta
- 0.92
- R²
- 0.75
- Upside Capture
- 99.94%
- Downside Capture
- 105.27%
Expense Ratio
HWAIX has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HWAIX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) and compare them to S&P 500 Index.
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.
| HWAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.78 | -0.78 |
| Martin ratioReturn relative to average drawdown | 5.89 | 12.44 | -6.55 |
Dividends
Dividend History
Hotchkis & Wiley Value Opportunities Fund provided a 3.52% dividend yield over the last twelve months, with an annual payout of $1.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.52 | $1.52 | $3.77 | $3.08 | $0.80 | $4.82 | $0.75 | $0.68 | $2.69 | $0.94 | $0.59 | $3.93 |
Dividend yield | 3.52% | 3.69% | 10.07% | 8.39% | 2.54% | 13.72% | 2.52% | 2.35% | 11.39% | 3.19% | 2.22% | 17.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley Value Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.52 | $1.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.77 | $3.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.08 | $3.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.82 | $4.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hotchkis & Wiley Value Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hotchkis & Wiley Value Opportunities Fund was 41.28%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Hotchkis & Wiley Value Opportunities Fund drawdown is 6.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.28%Mar 2020 | 2mo 2d | 8mo 6d | 10mo 8dJan 2020 - Nov 2020 |
2016 bear market2016 | -24.76%Feb 2016 | 7mo 22d | 9mo 14d | 1y 5moJun 2015 - Nov 2016 |
Bear market2022 | -23.87%Jul 2022 | 5mo 27d | 12mo 3d | 1y 5moJan 2022 - Jul 2023 |
Rate-hike selloffLate 2018 | -22.91%Dec 2018 | 3mo 1d | 11mo 27d | 1y 2moSep 2018 - Dec 2019 |
2025 selloff2025 | -17.28%Apr 2025 | 1mo 18d | 2mo 25d | 4mo 13dFeb 2025 - Jul 2025 |
Drawdown Indicators
| HWAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -56.78% | +15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -9.10% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -18.90% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -25.43% | +1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -33.92% | -7.36% |
Current DrawdownCurrent decline from peak | -6.30% | -1.80% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -10.71% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.03% | +0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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