DHMAX vs. HWMIX
Compare and contrast key facts about Diamond Hill Small-Mid Cap Fund (DHMAX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX).
DHMAX is managed by Diamond Hill. It was launched on Dec 30, 2005. HWMIX is managed by Hotchkis & Wiley. It was launched on Jan 2, 1997.
Performance
DHMAX vs. HWMIX - Performance Comparison
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DHMAX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHMAX Diamond Hill Small-Mid Cap Fund | -2.73% | 15.26% | 7.77% | 11.15% | -13.88% | 30.75% | 1.03% | 27.39% | -12.85% | 5.47% |
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, DHMAX achieves a -2.73% return, which is significantly lower than HWMIX's 6.74% return. Over the past 10 years, DHMAX has underperformed HWMIX with an annualized return of 7.44%, while HWMIX has yielded a comparatively higher 9.08% annualized return.
DHMAX
- 1D
- 2.56%
- 1M
- -7.68%
- YTD
- -2.73%
- 6M
- 3.90%
- 1Y
- 16.70%
- 3Y*
- 9.34%
- 5Y*
- 5.45%
- 10Y*
- 7.44%
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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DHMAX vs. HWMIX - Expense Ratio Comparison
DHMAX has a 1.21% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Return for Risk
DHMAX vs. HWMIX — Risk / Return Rank
DHMAX
HWMIX
DHMAX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Small-Mid Cap Fund (DHMAX) 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.
| DHMAX | HWMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.93 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.41 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.35 | +0.04 |
Martin ratioReturn relative to average drawdown | 4.73 | 5.49 | -0.76 |
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
| DHMAX | HWMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.93 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.44 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.36 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.47 | -0.13 |
Correlation
The correlation between DHMAX and HWMIX is 0.90, 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
DHMAX vs. HWMIX - Dividend Comparison
DHMAX's dividend yield for the trailing twelve months is around 12.63%, more than HWMIX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMAX Diamond Hill Small-Mid Cap Fund | 12.63% | 12.28% | 7.75% | 1.00% | 5.01% | 5.55% | 0.49% | 4.81% | 4.51% | 0.45% | 1.74% | 1.20% |
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
DHMAX vs. HWMIX - Drawdown Comparison
The maximum DHMAX drawdown since its inception was -57.04%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for DHMAX and HWMIX.
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Drawdown Indicators
| DHMAX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.04% | -69.84% | +12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -16.87% | +3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.02% | -25.90% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | -63.21% | +17.75% |
Current DrawdownCurrent decline from peak | -8.45% | -3.32% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -10.89% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 4.15% | -0.34% |
Volatility
DHMAX vs. HWMIX - Volatility Comparison
Diamond Hill Small-Mid Cap Fund (DHMAX) has a higher volatility of 5.44% compared to Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) at 4.30%. This indicates that DHMAX'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
| DHMAX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.30% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 12.42% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.31% | 23.86% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 22.34% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 25.62% | -4.48% |