- ISIN
- US44134R6514
- CUSIP
- 44134R651
- Issuer
- Hotchkis & Wiley
- Inception Date
- Jun 30, 2014
- 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
HWVIX Performance Chart
Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) is up 16.1% since the beginning of the year. HWVIX is currently trading at $15 per share. Investors who bought $1,000 worth of HWVIX shares 5 years ago would now be looking at an investment worth $1,451.
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Returns By Period
Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) has returned 16.08% so far this year and 29.57% over the past 12 months. Over the last ten years, HWVIX has returned 10.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Hotchkis & Wiley Small Cap Diversified Value Fund
- 1D
- 0.90%
- 1M
- 2.24%
- YTD
- 16.08%
- 6M
- 13.73%
- 1Y
- 29.57%
- 3Y*
- 11.94%
- 5Y*
- 7.73%
- 10Y*
- 10.89%
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%
HWVIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2014, HWVIX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +19.8%, while the worst month was Mar 2020 at -27.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HWVIX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.61% | 1.19% | -1.99% | 7.76% | 0.07% | 1.82% | 16.08% | ||||||
| 2025 | 1.46% | -3.84% | -5.90% | -6.54% | 5.48% | 4.12% | 0.95% | 8.61% | -2.04% | -1.76% | 2.94% | 0.65% | 3.02% |
| 2024 | -5.36% | 1.69% | 4.90% | -5.78% | 4.71% | -2.25% | 11.25% | -3.10% | -0.76% | -2.07% | 10.50% | -7.45% | 4.31% |
| 2023 | 9.52% | -0.85% | -7.75% | -3.74% | -1.32% | 9.56% | 8.16% | -5.43% | -4.15% | -6.07% | 7.44% | 12.81% | 16.36% |
| 2022 | -1.09% | 1.18% | -0.87% | -6.69% | 4.33% | -10.11% | 9.32% | -3.00% | -10.69% | 14.54% | 4.49% | -4.80% | -6.33% |
| 2021 | 3.15% | 13.38% | 6.65% | 2.60% | 3.62% | -2.30% | -2.36% | 2.20% | -1.07% | 4.06% | -3.27% | 5.04% | 35.19% |
Benchmark Metrics
Hotchkis & Wiley Small Cap Diversified Value Fund has an annualized alpha of -1.86%, beta of 1.01, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since July 01, 2014.
- This fund participated in 115.32% of S&P 500 Index downside but only 100.58% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.58, 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
- -1.86%
- Beta
- 1.01
- R²
- 0.58
- Upside Capture
- 100.58%
- Downside Capture
- 115.32%
Expense Ratio
HWVIX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HWVIX ranks 50 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 Small Cap Diversified Value Fund (HWVIX) 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.
| HWVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 2.78 | +0.68 |
| Martin ratioReturn relative to average drawdown | 9.44 | 12.44 | -3.00 |
Dividends
Dividend History
Hotchkis & Wiley Small Cap Diversified Value Fund provided a 0.98% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.14 | $0.77 | $1.07 | $1.10 | $0.88 | $0.10 | $0.09 | $0.94 | $1.80 | $0.09 | $0.29 |
Dividend yield | 0.98% | 1.14% | 6.28% | 8.52% | 9.38% | 6.40% | 0.96% | 0.87% | 10.51% | 15.74% | 0.78% | 3.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley Small Cap Diversified 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 | $0.14 | $0.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.88 |
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 Diversified 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 Diversified Value Fund was 52.18%, occurring on Mar 18, 2020. Recovery took 203 trading sessions.
The current Hotchkis & Wiley Small Cap Diversified Value Fund drawdown is 2.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -52.18%Mar 2020 | 1y 6mo | 9mo 24d | 2y 4moAug 2018 - Jan 2021 |
2025 selloff2025 | -27.34%Apr 2025 | 4mo 13d | 9mo 12d | 1y 1moNov 2024 - Jan 2026 |
2016 bear market2016 | -23.27%Feb 2016 | 7mo 22d | 6mo 14d | 1y 2moJun 2015 - Aug 2016 |
Bear market2022 | -21.06%Sep 2022 | 8mo 15d | 4mo 5d | 1y 15dJan 2022 - Feb 2023 |
2023 correction2023 | -18.17%May 2023 | 3mo | 2mo 28d | 5mo 28dFeb 2023 - Jul 2023 |
Drawdown Indicators
| HWVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.18% | -56.78% | +4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -9.10% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -18.90% | -8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -25.43% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -52.18% | -33.92% | -18.26% |
Current DrawdownCurrent decline from peak | -2.02% | -1.80% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -10.71% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.03% | +1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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