- ISIN
- US44134R3057
- CUSIP
- 44134R305
- Issuer
- Hotchkis & Wiley
- Inception Date
- Jun 10, 2000
- Category
- Small Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HWSAX Performance Chart
Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) is up 15.3% since the beginning of the year. HWSAX is currently trading at $86 per share. Investors who bought $1,000 worth of HWSAX shares 5 years ago would now be looking at an investment worth $1,624.
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Returns By Period
Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) has returned 15.33% so far this year and 23.67% over the past 12 months. Over the last ten years, HWSAX has returned 10.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hotchkis & Wiley Small Cap Value Fund Class A
- 1D
- 0.13%
- 1M
- 0.91%
- YTD
- 15.33%
- 6M
- 13.40%
- 1Y
- 23.67%
- 3Y*
- 11.09%
- 5Y*
- 10.19%
- 10Y*
- 10.59%
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%
HWSAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2000, HWSAX's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +23.4%, while the worst month was Mar 2020 at -30.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, HWSAX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.57% | 0.67% | 1.61% | 5.31% | 0.25% | 0.22% | 15.33% | ||||||
| 2025 | 3.40% | -3.93% | -6.22% | -7.24% | 5.66% | 5.39% | 3.13% | 4.71% | -1.00% | -4.52% | 3.43% | -0.20% | 1.38% |
| 2024 | -3.48% | 2.51% | 6.92% | -4.92% | 2.37% | -3.05% | 8.39% | -2.27% | -0.39% | -0.63% | 7.39% | -6.80% | 4.77% |
| 2023 | 9.52% | -0.53% | -5.72% | -3.64% | -1.61% | 9.09% | 6.41% | -2.04% | -3.45% | -6.11% | 7.43% | 9.95% | 18.56% |
| 2022 | -0.67% | 4.75% | 4.80% | -7.78% | 5.07% | -13.46% | 11.65% | -0.64% | -10.67% | 15.24% | 5.21% | -6.44% | 2.81% |
| 2021 | 2.43% | 12.58% | 5.76% | 1.68% | 4.12% | -0.61% | -2.90% | 3.11% | 1.41% | 3.78% | -4.28% | 4.57% | 35.32% |
Benchmark Metrics
Hotchkis & Wiley Small Cap Value Fund Class A has an annualized alpha of 5.07%, beta of 1.04, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since October 06, 2000.
- This fund captured 131.00% of S&P 500 Index gains and 106.85% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 5.07% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.04 and R2 of 0.71, 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
- 5.07%
- Beta
- 1.04
- R²
- 0.71
- Upside Capture
- 131.00%
- Downside Capture
- 106.85%
Expense Ratio
HWSAX has a high expense ratio of 1.21%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HWSAX ranks 32 for risk / return — below 32% 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 Small Cap Value Fund Class A (HWSAX) 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.
| HWSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.78 | -0.41 |
| Martin ratioReturn relative to average drawdown | 7.77 | 12.44 | -4.67 |
Dividends
Dividend History
Hotchkis & Wiley Small Cap Value Fund Class A provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $6.05 | $1.36 | $8.73 | $0.15 | $0.34 | $2.48 | $4.43 | $2.88 | $0.00 | $5.71 |
Dividend yield | 0.60% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley Small Cap Value Fund Class A. 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 | $0.52 | $0.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.05 | $6.05 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.73 | $8.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
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 Small Cap Value Fund Class A. 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 Small Cap Value Fund Class A was 72.14%, occurring on Mar 9, 2009. Recovery took 520 trading sessions.
The current Hotchkis & Wiley Small Cap Value Fund Class A drawdown is 2.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.14%Mar 2009 | 1y 9mo | 2y 21d | 3y 9moJun 2007 - Mar 2011 |
COVID crash2020 | -53.82%Mar 2020 | 1y 6mo | 9mo 25d | 2y 4moSep 2018 - Jan 2021 |
2011 bear market2011 | -33.03%Oct 2011 | 5mo 4d | 1y 2mo | 1y 7moMay 2011 - Dec 2012 |
2016 bear market2016 | -29.08%Feb 2016 | 7mo 22d | 9mo 29d | 1y 5moJun 2015 - Dec 2016 |
Dot-com crash2000–2002 | -27.76%Oct 2002 | 4mo 22d | 7mo 23d | 1y 10dMay 2002 - May 2003 |
Drawdown Indicators
| HWSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -56.78% | -15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -9.10% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -26.98% | -18.90% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -25.43% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -53.82% | -33.92% | -19.90% |
Current DrawdownCurrent decline from peak | -2.59% | -1.80% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -10.71% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.03% | +1.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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