- Issuer
- Hotchkis & Wiley
- Inception Date
- Mar 28, 2025
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HWSM Performance Chart
Hotchkis & Wiley SMID Cap Diversified Value ETF (HWSM) is up 10.7% since the beginning of the year. HWSM is currently trading at $30 per share.
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Returns By Period
Hotchkis & Wiley SMID Cap Diversified Value ETF (HWSM) has returned 10.72% so far this year and 24.34% over the past 12 months.
Hotchkis & Wiley SMID Cap Diversified Value ETF
- 1D
- 0.11%
- 1M
- 2.13%
- YTD
- 10.72%
- 6M
- 8.98%
- 1Y
- 24.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
HWSM Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 2025, HWSM's average daily return is +0.08%, while the average monthly return is +1.46%. At this rate, an investment would double in approximately 4.0 years.
Historically, 75% of months were positive and 25% were negative. The best month was Apr 2026 with a return of +6.2%, while the worst month was Apr 2025 at -6.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, HWSM closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Apr 3, 2025 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.90% | 2.14% | -5.10% | 6.24% | 1.69% | 1.75% | 10.72% | ||||||
| 2025 | 1.24% | -6.57% | 4.57% | 3.92% | 1.72% | 6.04% | -0.53% | -1.50% | 2.51% | 1.40% | 12.92% |
Benchmark Metrics
Hotchkis & Wiley SMID Cap Diversified Value ETF has an annualized alpha of -3.53%, beta of 0.94, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since March 31, 2025.
- This ETF participated in 82.86% of S&P 500 Index downside but only 73.91% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.53% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.94 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.53%
- Beta
- 0.94
- R²
- 0.66
- Upside Capture
- 73.91%
- Downside Capture
- 82.86%
Expense Ratio
HWSM has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HWSM ranks 48 for risk / return — on par with similar ETFs. 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 SMID Cap Diversified Value ETF (HWSM) 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.
| HWSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.78 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.00 | 12.44 | -4.44 |
Dividends
Dividend History
Hotchkis & Wiley SMID Cap Diversified Value ETF provided a 1.20% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.36 | $0.36 |
Dividend yield | 1.20% | 1.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley SMID Cap Diversified Value ETF. 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 | $0.36 | $0.36 |
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 SMID Cap Diversified Value ETF. 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 SMID Cap Diversified Value ETF was 15.67%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current Hotchkis & Wiley SMID Cap Diversified Value ETF drawdown is 1.94%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.67%Apr 2025 | 5d | 2mo 20d | 2mo 25dApr 2025 - Jun 2025 |
2026 correction2026 | -10.23%Mar 2026 | 25d | 2mo 7d | 3mo 2dFeb 2026 - May 2026 |
2025 pullback2025 | -6.82%Nov 2025 | 2mo 9d | 20d | 2mo 29dSep 2025 - Dec 2025 |
2025 pullback2025 | -4.61%Aug 2025 | 8d | 12d | 20dJul 2025 - Aug 2025 |
2025 pullback2025 | -3.07%Jul 2025 | 4d | 8d | 12dJul 2025 - Jul 2025 |
Drawdown Indicators
| HWSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -56.78% | +41.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -9.10% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.94% | -1.80% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -10.71% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.03% | +1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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