AFDVX vs. HWSIX

Last updated Jun 24, 2026

AFDVX (Applied Finance Explorer Investor) and HWSIX (Hotchkis & Wiley Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, AFDVX returned 14.15%/yr vs 11.16%/yr for HWSIX. Their correlation of 0.89 suggests significant overlap in exposure. AFDVX charges 1.08%/yr vs 1.06%/yr for HWSIX.

Performance

AFDVX vs. HWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance Explorer Investor (AFDVX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFDVX achieves a 14.11% return, which is significantly lower than HWSIX's 15.23% return. Over the past 10 years, AFDVX has outperformed HWSIX with an annualized return of 14.15%, while HWSIX has yielded a comparatively lower 11.16% annualized return.

AFDVX

• 1D: 0.69%
• 1M: 4.62%
• YTD: 14.11%
• 6M: 12.21%
• 1Y: 26.48%
• 3Y*: 17.20%
• 5Y*: 10.02%
• 10Y*: 14.15%

HWSIX

• 1D: -0.19%
• 1M: 0.74%
• YTD: 15.23%
• 6M: 13.71%
• 1Y: 22.86%
• 3Y*: 12.66%
• 5Y*: 9.78%
• 10Y*: 11.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFDVX vs. HWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFDVX Applied Finance Explorer Investor	14.11%	8.96%	9.75%	22.19%	-13.84%	43.58%	19.12%	24.98%	-13.59%	17.32%
HWSIX Hotchkis & Wiley Small Cap Value Fund	15.23%	1.60%	5.00%	18.85%	2.97%	35.54%	-0.31%	20.54%	-15.03%	7.66%

Correlation

The correlation between AFDVX and HWSIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.89

The correlation between AFDVX and HWSIX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

AFDVX vs. HWSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFDVX

AFDVX Risk / Return Rank: 52
AFDVX Sharpe Ratio Rank: 41
AFDVX Sortino Ratio Rank: 44
AFDVX Omega Ratio Rank: 37
AFDVX Calmar Ratio Rank: 77
AFDVX Martin Ratio Rank: 58

HWSIX

HWSIX Risk / Return Rank: 32
HWSIX Sharpe Ratio Rank: 27
HWSIX Sortino Ratio Rank: 27
HWSIX Omega Ratio Rank: 26
HWSIX Calmar Ratio Rank: 43
HWSIX Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFDVX vs. HWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance Explorer Investor (AFDVX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AFDVX	HWSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.39	+0.36
Sortino ratio: Return per unit of downside risk	2.58	2.02	+0.56
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	3.32	2.38	+0.94
Martin ratio: Return relative to average drawdown	10.91	7.78	+3.12

AFDVX vs. HWSIX - Sharpe Ratio Comparison

The current AFDVX Sharpe Ratio is 1.75, which is comparable to the HWSIX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of AFDVX and HWSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFDVX vs. HWSIX - Drawdown Comparison

The maximum AFDVX drawdown since its inception was -42.97%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for AFDVX and HWSIX.

Drawdown Indicators

	AFDVX	HWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.97%	-72.00%	+29.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-10.01%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-23.38%	-26.92%	+3.54%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-26.92%	+3.54%
Max Drawdown (10Y) Largest decline over 10 years	-42.97%	-53.67%	+10.70%
Current Drawdown Current decline from peak	0.00%	-2.77%	+2.77%
Average Drawdown Average peak-to-trough decline	-6.72%	-12.06%	+5.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	3.05%	-0.52%

Volatility

AFDVX vs. HWSIX - Volatility Comparison

Applied Finance Explorer Investor (AFDVX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX) have volatilities of 4.02% and 3.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFDVX	HWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.90%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	11.14%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	17.18%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.39%	21.48%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	24.64%	-2.09%

AFDVX vs. HWSIX - Expense Ratio Comparison

AFDVX has a 1.08% expense ratio, which is higher than HWSIX's 1.06% expense ratio.

Dividends

AFDVX vs. HWSIX - Dividend Comparison

AFDVX's dividend yield for the trailing twelve months is around 2.54%, more than HWSIX's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFDVX Applied Finance Explorer Investor	2.54%	2.90%	2.49%	0.77%	1.73%	0.67%	0.15%	0.46%	10.44%	1.96%	0.00%	0.00%
HWSIX Hotchkis & Wiley Small Cap Value Fund	0.87%	1.01%	8.35%	1.90%	13.44%	0.36%	0.80%	4.89%	9.84%	5.07%	0.41%	11.78%

Frequently Asked Questions

Can I hold both AFDVX and HWSIX in my portfolio?

AFDVX and HWSIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFDVX or HWSIX?

AFDVX has higher volatility (4.02%) compared to HWSIX (3.90%). In terms of maximum drawdown, AFDVX dropped -42.97% vs HWSIX's -72.00%.

Which has better risk-adjusted returns?

AFDVX currently has the higher Sharpe Ratio (1.75 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.