BRUSX vs. HWSIX

Last updated Jun 4, 2026

BRUSX (Bridgeway Ultra Small Company Fund) and HWSIX (Hotchkis & Wiley Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, BRUSX returned 9.35%/yr vs 10.98%/yr for HWSIX. A 0.75 correlation means they provide meaningful diversification when combined. BRUSX charges 1.26%/yr vs 1.06%/yr for HWSIX.

Performance

BRUSX vs. HWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Ultra Small Company Fund (BRUSX) 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, BRUSX achieves a 10.33% return, which is significantly lower than HWSIX's 17.70% return. Over the past 10 years, BRUSX has underperformed HWSIX with an annualized return of 9.35%, while HWSIX has yielded a comparatively higher 10.98% annualized return.

BRUSX

• 1D: 0.26%
• 1M: 3.14%
• YTD: 10.33%
• 6M: 10.83%
• 1Y: 28.90%
• 3Y*: 16.22%
• 5Y*: 2.63%
• 10Y*: 9.35%

HWSIX

• 1D: 1.03%
• 1M: 2.97%
• YTD: 17.70%
• 6M: 15.91%
• 1Y: 28.91%
• 3Y*: 13.09%
• 5Y*: 9.57%
• 10Y*: 10.98%

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

BRUSX vs. HWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRUSX Bridgeway Ultra Small Company Fund	10.33%	7.13%	17.57%	18.14%	-10.99%	13.85%	33.43%	9.52%	-15.77%	3.86%
HWSIX Hotchkis & Wiley Small Cap Value Fund	17.70%	1.60%	5.00%	18.85%	2.97%	35.54%	-0.31%	20.54%	-15.03%	7.66%

Correlation

The correlation between BRUSX and HWSIX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 8, 1994	0.75

The correlation between BRUSX and HWSIX has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

Return for Risk

BRUSX vs. HWSIX — Risk / Return Rank

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

BRUSX

BRUSX Risk / Return Rank: 28
BRUSX Sharpe Ratio Rank: 26
BRUSX Sortino Ratio Rank: 24
BRUSX Omega Ratio Rank: 21
BRUSX Calmar Ratio Rank: 41
BRUSX Martin Ratio Rank: 29

HWSIX

HWSIX Risk / Return Rank: 47
HWSIX Sharpe Ratio Rank: 40
HWSIX Sortino Ratio Rank: 39
HWSIX Omega Ratio Rank: 38
HWSIX Calmar Ratio Rank: 67
HWSIX Martin Ratio Rank: 50

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.

BRUSX vs. HWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Ultra Small Company Fund (BRUSX) 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.

	BRUSX	HWSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.84	-0.39
Sortino ratio: Return per unit of downside risk	2.04	2.60	-0.56
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio: Return relative to maximum drawdown	2.42	3.16	-0.75
Martin ratio: Return relative to average drawdown	6.78	10.38	-3.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRUSX vs. HWSIX - Sharpe Ratio Comparison

The current BRUSX Sharpe Ratio is 1.45, which is comparable to the HWSIX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of BRUSX 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.

Sharpe Ratios by Period

	BRUSX	HWSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.84	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.45	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.45	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.45	+0.06

Drawdowns

BRUSX vs. HWSIX - Drawdown Comparison

The maximum BRUSX drawdown since its inception was -60.38%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for BRUSX and HWSIX.

Drawdown Indicators

	BRUSX	HWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.38%	-72.00%	+11.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-10.01%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	-27.73%	-26.92%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-39.83%	-26.92%	-12.91%
Max Drawdown (10Y) Largest decline over 10 years	-55.77%	-53.67%	-2.10%
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-13.55%	-12.08%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	3.04%	+1.54%

Volatility

BRUSX vs. HWSIX - Volatility Comparison

Bridgeway Ultra Small Company Fund (BRUSX) has a higher volatility of 4.57% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 3.77%. This indicates that BRUSX'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.

Volatility by Period

	BRUSX	HWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.77%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	11.25%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	21.43%	17.23%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.23%	21.54%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	24.64%	-1.29%

BRUSX vs. HWSIX - Expense Ratio Comparison

BRUSX has a 1.26% expense ratio, which is higher than HWSIX's 1.06% expense ratio.

Dividends

BRUSX vs. HWSIX - Dividend Comparison

BRUSX's dividend yield for the trailing twelve months is around 9.57%, more than HWSIX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRUSX Bridgeway Ultra Small Company Fund	9.57%	10.56%	2.46%	4.97%	18.41%	7.70%	1.53%	1.14%	13.87%	1.99%	1.12%	1.03%
HWSIX Hotchkis & Wiley Small Cap Value Fund	0.86%	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 BRUSX and HWSIX in my portfolio?

BRUSX and HWSIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRUSX or HWSIX?

BRUSX has higher volatility (4.57%) compared to HWSIX (3.77%). In terms of maximum drawdown, BRUSX dropped -60.38% vs HWSIX's -72.00%.

Which has better risk-adjusted returns?

HWSIX currently has the higher Sharpe Ratio (1.84 vs 1.45), 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.