AVALX vs. HWSIX
AVALX (Aegis Value Fund Class I) and HWSIX (Hotchkis & Wiley Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, AVALX returned 19.25%/yr vs 11.19%/yr for HWSIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. AVALX charges 1.36%/yr vs 1.06%/yr for HWSIX.
Performance
AVALX vs. HWSIX - Performance Comparison
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Returns By Period
In the year-to-date period, AVALX achieves a 17.36% return, which is significantly lower than HWSIX's 26.67% return. Over the past 10 years, AVALX has outperformed HWSIX with an annualized return of 19.25%, while HWSIX has yielded a comparatively lower 11.19% annualized return.
AVALX
- 1D
- 0.26%
- 1M
- 4.92%
- 6M
- 5.08%
- YTD
- 17.36%
- 1Y
- 49.97%
- 3Y*
- 30.49%
- 5Y*
- 23.11%
- 10Y*
- 19.25%
- ALL TIME*
- 11.30%
HWSIX
- 1D
- 0.86%
- 1M
- 7.50%
- 6M
- 18.30%
- YTD
- 26.67%
- 1Y
- 31.73%
- 3Y*
- 12.68%
- 5Y*
- 12.85%
- 10Y*
- 11.19%
- ALL TIME*
- 9.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AVALX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund Class I | 17.36% | 67.06% | 8.29% | 13.11% | 10.50% | 37.67% | 18.89% | 25.67% | -16.95% | 17.37% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 26.67% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
Correlation
The correlation between AVALX and HWSIX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 15, 1998 | 0.69 |
Over the past year, the correlation between AVALX and HWSIX has dropped to 0.43 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
AVALX vs. HWSIX — Risk / Return Rank
AVALX
HWSIX
AVALX vs. HWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aegis Value Fund Class I (AVALX) 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.
| AVALX | HWSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 3.35 | +1.82 |
| Martin ratioReturn relative to average drawdown | 15.23 | 11.34 | +3.90 |
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Drawdowns
AVALX vs. HWSIX - Drawdown Comparison
The maximum AVALX drawdown since its inception was -73.72%, roughly equal to the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for AVALX and HWSIX.
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Drawdown Indicators
| AVALX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.72% | -72.00% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -10.01% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -13.59% | -26.92% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -32.00% | -26.92% | -5.08% |
Max Drawdown (10Y)Largest decline over 10 years | -48.34% | -53.67% | +5.33% |
Current DrawdownCurrent decline from peak | -4.36% | 0.00% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -12.03% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.95% | +0.48% |
Volatility
AVALX vs. HWSIX - Volatility Comparison
Aegis Value Fund Class I (AVALX) has a higher volatility of 4.61% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 2.98%. This indicates that AVALX's price experiences larger fluctuations and is considered to be riskier than HWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVALX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 2.98% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 10.43% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 16.26% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.17% | 21.22% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.15% | 24.52% | -2.37% |
AVALX vs. HWSIX - Expense Ratio Comparison
AVALX has a 1.36% expense ratio, which is higher than HWSIX's 1.06% expense ratio.
Dividends
AVALX vs. HWSIX - Dividend Comparison
AVALX's dividend yield for the trailing twelve months is around 1.99%, more than HWSIX's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund Class I | 1.99% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.80% | 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
AVALX and HWSIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVALX has higher volatility (4.61%) compared to HWSIX (2.98%). In terms of maximum drawdown, AVALX dropped -73.72% vs HWSIX's -72.00%.
AVALX currently has the higher Sharpe Ratio (2.97 vs 2.06), 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.
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