- ISIN
- US44134R8676
- Issuer
- Hotchkis & Wiley
- Inception Date
- Sep 20, 1985
- Category
- Small Cap Value Equities
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HWSIX Performance Chart
Hotchkis & Wiley Small Cap Value Fund (HWSIX) is up 15.2% since the beginning of the year. HWSIX is currently trading at $86 per share. Investors who bought $1,000 worth of HWSIX shares 5 years ago would now be looking at an investment worth $1,594.
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Returns By Period
Hotchkis & Wiley Small Cap Value Fund (HWSIX) has returned 15.23% so far this year and 22.86% over the past 12 months. Over the last ten years, HWSIX has returned 11.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Hotchkis & Wiley Small Cap Value Fund
- 1D
- -0.19%
- 1M
- 0.74%
- YTD
- 15.23%
- 6M
- 13.71%
- 1Y
- 22.86%
- 3Y*
- 12.66%
- 5Y*
- 9.78%
- 10Y*
- 11.16%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
HWSIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 23, 1985, HWSIX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +23.5%, while the worst month was Oct 1987 at -31.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.
On a daily basis, HWSIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +11.2%, while the worst single day was Dec 27, 1990 at -20.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.59% | 0.68% | 1.63% | 5.33% | 0.26% | 0.05% | 15.23% | ||||||
| 2025 | 3.42% | -3.91% | -6.20% | -7.21% | 5.66% | 5.42% | 3.14% | 4.74% | -1.00% | -4.49% | 3.44% | -0.18% | 1.60% |
| 2024 | -3.46% | 2.52% | 6.93% | -4.90% | 2.38% | -3.01% | 8.40% | -2.25% | -0.37% | -0.61% | 7.41% | -6.79% | 5.00% |
| 2023 | 9.55% | -0.52% | -5.70% | -3.62% | -1.60% | 9.11% | 6.44% | -2.01% | -3.44% | -6.08% | 7.45% | 9.96% | 18.85% |
| 2022 | -0.65% | 4.76% | 4.82% | -7.77% | 5.08% | -13.45% | 11.67% | -0.62% | -10.65% | 15.27% | 5.22% | -6.43% | 2.97% |
| 2021 | 2.45% | 12.59% | 5.76% | 1.69% | 4.15% | -0.61% | -2.89% | 3.12% | 1.41% | 3.80% | -4.27% | 4.57% | 35.54% |
Benchmark Metrics
Hotchkis & Wiley Small Cap Value Fund has an annualized alpha of 1.67%, beta of 0.91, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since September 23, 1985.
- This fund captured 106.38% of S&P 500 Index gains and 105.98% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.91 and R2 of 0.61, 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
- 1.67%
- Beta
- 0.91
- R²
- 0.61
- Upside Capture
- 106.38%
- Downside Capture
- 105.98%
Expense Ratio
HWSIX has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HWSIX 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 (HWSIX) 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.
| HWSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.46 | -0.08 |
| Martin ratioReturn relative to average drawdown | 7.78 | 10.92 | -3.14 |
Dividends
Dividend History
Hotchkis & Wiley Small Cap Value Fund provided a 0.87% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.75 | $6.21 | $1.45 | $8.81 | $0.26 | $0.43 | $2.64 | $4.63 | $3.06 | $0.24 | $5.81 |
Dividend yield | 0.87% | 1.01% | 8.35% | 1.90% | 13.44% | 0.36% | 0.80% | 4.89% | 9.84% | 5.07% | 0.41% | 11.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley Small 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 | $0.75 | $0.75 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.21 | $6.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.81 | $8.81 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
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. 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 was 72.00%, occurring on Mar 9, 2009. Recovery took 491 trading sessions.
The current Hotchkis & Wiley Small Cap Value Fund drawdown is 2.77%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -72.00%Mar 2009 | 1y 9mo | 1y 11mo | 3y 8moJun 2007 - Feb 2011 |
COVID crash2020 | -53.67%Mar 2020 | 1y 6mo | 9mo 25d | 2y 4moSep 2018 - Jan 2021 |
Black Monday1987 | -44.06%Oct 1987 | 22d | 6y 3mo | 6y 3moOct 1987 - Jan 1994 |
2000 bear market2000 | -42.26%Feb 2000 | 1y 10mo | 1y 4mo | 3y 2moApr 1998 - Jul 2001 |
2011 bear market2011 | -32.97%Oct 2011 | 5mo 4d | 11mo 17d | 1y 4moMay 2011 - Sep 2012 |
Drawdown Indicators
| HWSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.00% | -56.78% | -15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -9.10% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -26.92% | -18.90% | -8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.92% | -25.43% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -53.67% | -33.92% | -19.75% |
Current DrawdownCurrent decline from peak | -2.77% | -3.21% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -10.71% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.04% | +1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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