GOODX vs. HWMIX
GOODX (GoodHaven Fund) and HWMIX (Hotchkis & Wiley Mid-Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, GOODX returned 9.74%/yr vs 9.99%/yr for HWMIX. Their correlation of 0.81 suggests significant overlap in exposure. GOODX charges 1.10%/yr vs 1.01%/yr for HWMIX.
Performance
GOODX vs. HWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, GOODX achieves a -1.29% return, which is significantly lower than HWMIX's 12.55% return. Both investments have delivered pretty close results over the past 10 years, with GOODX having a 9.74% annualized return and HWMIX not far ahead at 9.99%.
GOODX
- 1D
- 0.08%
- 1M
- -0.84%
- 6M
- -1.29%
- YTD
- -1.29%
- 1Y
- 2.05%
- 3Y*
- 12.10%
- 5Y*
- 10.75%
- 10Y*
- 9.74%
HWMIX
- 1D
- 0.74%
- 1M
- -2.55%
- 6M
- 12.55%
- YTD
- 12.55%
- 1Y
- 20.20%
- 3Y*
- 13.34%
- 5Y*
- 10.05%
- 10Y*
- 9.99%
GOODX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOODX GoodHaven Fund | -1.29% | 7.04% | 18.87% | 34.07% | -11.51% | 35.97% | 6.32% | 19.03% | -9.76% | 3.95% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 12.55% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Correlation
The correlation between GOODX and HWMIX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.82 |
The correlation between GOODX and HWMIX shifts across timeframes, from 0.69 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOODX vs. HWMIX — Risk / Return Rank
GOODX
HWMIX
GOODX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GoodHaven Fund (GOODX) 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.
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.
| GOODX | HWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 2.94 | -2.71 |
| Martin ratioReturn relative to average drawdown | 0.54 | 7.85 | -7.31 |
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Drawdowns
GOODX vs. HWMIX - Drawdown Comparison
The maximum GOODX drawdown since its inception was -41.43%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for GOODX and HWMIX.
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Drawdown Indicators
| GOODX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.43% | -69.84% | +28.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -7.16% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -25.90% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.74% | -25.90% | +6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.58% | -63.21% | +24.63% |
Current DrawdownCurrent decline from peak | -4.43% | -3.26% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -10.81% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.67% | +1.77% |
Volatility
GOODX vs. HWMIX - Volatility Comparison
GoodHaven Fund (GOODX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) have volatilities of 4.25% and 4.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOODX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.14% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 11.02% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 16.33% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 22.09% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 25.35% | -8.16% |
GOODX vs. HWMIX - Expense Ratio Comparison
GOODX has a 1.10% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Dividends
GOODX vs. HWMIX - Dividend Comparison
GOODX's dividend yield for the trailing twelve months is around 3.04%, more than HWMIX's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOODX GoodHaven Fund | 3.04% | 3.00% | 2.43% | 1.44% | 0.38% | 0.13% | 0.45% | 1.27% | 1.27% | 0.00% | 0.00% | 0.00% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.24% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
Frequently Asked Questions
GOODX and HWMIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOODX has higher volatility (4.25%) compared to HWMIX (4.14%). In terms of maximum drawdown, GOODX dropped -41.43% vs HWMIX's -69.84%.
HWMIX currently has the higher Sharpe Ratio (1.30 vs 0.19), 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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