- ISIN
- US44134R5037
- CUSIP
- 44134R503
- Issuer
- Hotchkis & Wiley
- Inception Date
- Jun 24, 1987
- 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
HWLIX Performance Chart
Hotchkis & Wiley Large Cap Value Fund (HWLIX) is up 5.1% since the beginning of the year. HWLIX is currently trading at $47 per share. Investors who bought $1,000 worth of HWLIX shares 5 years ago would now be looking at an investment worth $1,653.
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Returns By Period
Hotchkis & Wiley Large Cap Value Fund (HWLIX) has returned 5.07% so far this year and 21.32% over the past 12 months. Over the last ten years, HWLIX has returned 11.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hotchkis & Wiley Large Cap Value Fund
- 1D
- -0.71%
- 1M
- -1.73%
- YTD
- 5.07%
- 6M
- 4.35%
- 1Y
- 21.32%
- 3Y*
- 15.65%
- 5Y*
- 10.58%
- 10Y*
- 11.80%
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%
HWLIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 1987, HWLIX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +21.0%, while the worst month was Mar 2020 at -25.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, HWLIX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +12.5%, while the worst single day was Oct 19, 1987 at -15.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.71% | 1.88% | -3.15% | 5.60% | 1.30% | -2.13% | 5.07% | ||||||
| 2025 | 4.34% | 0.28% | -2.01% | -5.06% | 3.63% | 3.56% | 0.42% | 5.80% | 1.88% | -0.86% | 1.64% | 3.63% | 18.06% |
| 2024 | 0.22% | 2.51% | 7.11% | -4.80% | 3.42% | -1.03% | 6.03% | 0.76% | -0.62% | 0.22% | 5.28% | -6.09% | 12.80% |
| 2023 | 9.67% | -3.06% | -3.47% | 0.78% | -4.89% | 7.66% | 5.82% | -3.48% | -2.86% | -3.68% | 7.57% | 7.40% | 16.92% |
| 2022 | 3.52% | -1.52% | 0.84% | -8.04% | 6.08% | -12.54% | 7.63% | -2.82% | -11.57% | 15.64% | 6.51% | -5.22% | -5.31% |
| 2021 | 0.17% | 11.47% | 6.01% | 3.57% | 4.56% | -2.78% | -1.71% | 1.69% | -1.69% | 5.88% | -5.22% | 4.86% | 28.86% |
Benchmark Metrics
Hotchkis & Wiley Large Cap Value Fund has an annualized alpha of 0.76%, beta of 0.94, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since June 24, 1987.
- With beta of 0.94 and R2 of 0.79, 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
- 0.76%
- Beta
- 0.94
- R²
- 0.79
- Upside Capture
- 99.55%
- Downside Capture
- 99.72%
Expense Ratio
HWLIX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HWLIX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hotchkis & Wiley Large Cap Value Fund (HWLIX) 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.
| HWLIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.78 | +0.60 |
| Martin ratioReturn relative to average drawdown | 10.49 | 12.44 | -1.95 |
Dividends
Dividend History
Hotchkis & Wiley Large Cap Value Fund provided a 7.73% dividend yield over the last twelve months, with an annual payout of $3.65 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.65 | $3.65 | $4.66 | $4.51 | $3.29 | $0.38 | $0.57 | $0.57 | $0.99 | $0.56 | $0.56 | $0.39 |
Dividend yield | 7.73% | 8.12% | 11.29% | 11.12% | 8.48% | 0.86% | 1.65% | 1.62% | 3.55% | 1.67% | 1.94% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley Large Cap Value 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 | $3.65 | $3.65 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.66 | $4.66 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.51 | $4.51 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.29 | $3.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
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 Large Cap Value 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 Large Cap Value Fund was 70.48%, occurring on Mar 5, 2009. Recovery took 1095 trading sessions.
The current Hotchkis & Wiley Large Cap Value Fund drawdown is 4.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.48%Mar 2009 | 1y 9mo | 4y 4mo | 6y 1moJun 2007 - Jul 2013 |
COVID crash2020 | -46.72%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 |
1990 bear market1990 | -38.22%Oct 1990 | 1y 19d | 2y 3mo | 3y 3moOct 1989 - Feb 1993 |
Dot-com crash2000–2002 | -30.59%Oct 2002 | 4mo 18d | 9mo 19d | 1y 2moMay 2002 - Jul 2003 |
2000 bear market2000 | -29.25%Feb 2000 | 9mo 17d | 1y 12d | 1y 9moMay 1999 - Mar 2001 |
Drawdown Indicators
| HWLIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -56.78% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -9.10% | +2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -18.90% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -25.43% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | -33.92% | -12.80% |
Current DrawdownCurrent decline from peak | -4.29% | -1.80% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -10.71% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.03% | 0.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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