CAAPX vs. HWMIX
Compare and contrast key facts about Ariel Appreciation Fund (CAAPX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX).
CAAPX is managed by Ariel Investments. It was launched on Dec 1, 1989. HWMIX is managed by Hotchkis & Wiley. It was launched on Jan 2, 1997.
Performance
CAAPX vs. HWMIX - Performance Comparison
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CAAPX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAAPX Ariel Appreciation Fund | 1.14% | 11.04% | 6.07% | 10.58% | -12.27% | 25.72% | 7.42% | 24.58% | -13.93% | 15.24% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 6.74% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Returns By Period
In the year-to-date period, CAAPX achieves a 1.14% return, which is significantly lower than HWMIX's 6.74% return. Over the past 10 years, CAAPX has underperformed HWMIX with an annualized return of 7.91%, while HWMIX has yielded a comparatively higher 9.08% annualized return.
CAAPX
- 1D
- 3.17%
- 1M
- -7.38%
- YTD
- 1.14%
- 6M
- 3.93%
- 1Y
- 20.75%
- 3Y*
- 9.00%
- 5Y*
- 4.50%
- 10Y*
- 7.91%
HWMIX
- 1D
- 1.52%
- 1M
- -2.06%
- YTD
- 6.74%
- 6M
- 8.96%
- 1Y
- 22.13%
- 3Y*
- 12.01%
- 5Y*
- 9.76%
- 10Y*
- 9.08%
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CAAPX vs. HWMIX - Expense Ratio Comparison
CAAPX has a 1.12% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Return for Risk
CAAPX vs. HWMIX — Risk / Return Rank
CAAPX
HWMIX
CAAPX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ariel Appreciation Fund (CAAPX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX). 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.
| CAAPX | HWMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.93 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.41 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.35 | -0.04 |
Martin ratioReturn relative to average drawdown | 4.37 | 5.49 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAAPX | HWMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.93 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.44 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.36 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.47 | +0.03 |
Correlation
The correlation between CAAPX and HWMIX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CAAPX vs. HWMIX - Dividend Comparison
CAAPX's dividend yield for the trailing twelve months is around 12.72%, more than HWMIX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAPX Ariel Appreciation Fund | 12.72% | 12.86% | 6.11% | 6.31% | 10.51% | 14.21% | 9.85% | 7.58% | 7.37% | 12.53% | 7.88% | 12.05% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.31% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
Drawdowns
CAAPX vs. HWMIX - Drawdown Comparison
The maximum CAAPX drawdown since its inception was -61.92%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for CAAPX and HWMIX.
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Drawdown Indicators
| CAAPX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.92% | -69.84% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -16.87% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -25.90% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -42.58% | -63.21% | +20.63% |
Current DrawdownCurrent decline from peak | -8.85% | -3.32% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -10.89% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 4.15% | +0.65% |
Volatility
CAAPX vs. HWMIX - Volatility Comparison
Ariel Appreciation Fund (CAAPX) has a higher volatility of 6.86% compared to Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) at 4.30%. This indicates that CAAPX's price experiences larger fluctuations and is considered to be riskier than HWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAAPX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 4.30% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 12.42% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 23.86% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 22.34% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.15% | 25.62% | -3.47% |