DHPAX vs. HWMIX
Compare and contrast key facts about Diamond Hill Mid Cap Fund (DHPAX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX).
DHPAX is managed by Diamond Hill. It was launched on Dec 31, 2013. HWMIX is managed by Hotchkis & Wiley. It was launched on Jan 2, 1997.
Performance
DHPAX vs. HWMIX - Performance Comparison
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DHPAX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHPAX Diamond Hill Mid Cap Fund | -2.69% | 12.95% | 10.48% | 9.19% | -13.67% | 30.87% | -2.01% | 25.38% | -10.58% | 10.13% |
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, DHPAX achieves a -2.69% return, which is significantly lower than HWMIX's 6.74% return. Over the past 10 years, DHPAX has underperformed HWMIX with an annualized return of 7.57%, while HWMIX has yielded a comparatively higher 9.08% annualized return.
DHPAX
- 1D
- 2.44%
- 1M
- -7.82%
- YTD
- -2.69%
- 6M
- 0.23%
- 1Y
- 10.90%
- 3Y*
- 10.61%
- 5Y*
- 5.47%
- 10Y*
- 7.57%
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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DHPAX vs. HWMIX - Expense Ratio Comparison
DHPAX has a 1.07% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Return for Risk
DHPAX vs. HWMIX — Risk / Return Rank
DHPAX
HWMIX
DHPAX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamond Hill Mid Cap Fund (DHPAX) 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.
| DHPAX | HWMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.93 | -0.32 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.41 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.35 | -0.35 |
Martin ratioReturn relative to average drawdown | 3.82 | 5.49 | -1.67 |
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
| DHPAX | HWMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 0.93 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.44 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.36 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.47 | -0.11 |
Correlation
The correlation between DHPAX and HWMIX is 0.89, 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
DHPAX vs. HWMIX - Dividend Comparison
DHPAX's dividend yield for the trailing twelve months is around 18.58%, more than HWMIX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHPAX Diamond Hill Mid Cap Fund | 18.58% | 18.08% | 8.84% | 2.20% | 4.96% | 0.30% | 0.53% | 1.79% | 2.84% | 1.49% | 0.63% | 0.35% |
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
DHPAX vs. HWMIX - Drawdown Comparison
The maximum DHPAX drawdown since its inception was -46.59%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for DHPAX and HWMIX.
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Drawdown Indicators
| DHPAX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.59% | -69.84% | +23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -16.87% | +4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -25.90% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -46.59% | -63.21% | +16.62% |
Current DrawdownCurrent decline from peak | -7.82% | -3.32% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -10.89% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 4.15% | -0.98% |
Volatility
DHPAX vs. HWMIX - Volatility Comparison
Diamond Hill Mid Cap Fund (DHPAX) has a higher volatility of 5.28% compared to Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) at 4.30%. This indicates that DHPAX'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
| DHPAX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 4.30% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 12.42% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 23.86% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 22.34% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.80% | 25.62% | -4.82% |