HIISX vs. HWTIX
HIISX (Harbor International Small Cap Fund) and HWTIX (Hotchkis & Wiley International Small Cap Diversified Value Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, HIISX returned 6.80%/yr vs 11.92%/yr for HWTIX. Their correlation of 0.93 means they have usually moved in the same direction. HIISX charges 1.32%/yr vs 0.99%/yr for HWTIX.
Performance
HIISX vs. HWTIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HIISX having a 15.23% return and HWTIX slightly higher at 15.58%.
HIISX
- 1D
- -1.21%
- 1M
- 2.34%
- 6M
- 10.61%
- YTD
- 15.23%
- 1Y
- 19.92%
- 3Y*
- 13.00%
- 5Y*
- 6.80%
- 10Y*
- —
- ALL TIME*
- 9.44%
HWTIX
- 1D
- -1.02%
- 1M
- 4.75%
- 6M
- 9.80%
- YTD
- 15.58%
- 1Y
- 26.65%
- 3Y*
- 19.00%
- 5Y*
- 11.92%
- 10Y*
- —
- ALL TIME*
- 17.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HIISX vs. HWTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HIISX Harbor International Small Cap Fund | 15.23% | 24.37% | -1.12% | 8.90% | -8.70% | 16.70% | 28.92% |
HWTIX Hotchkis & Wiley International Small Cap Diversified Value Fund | 15.58% | 30.96% | 4.62% | 20.79% | -8.67% | 16.22% | 34.26% |
Correlation
The correlation between HIISX and HWTIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.93 |
The correlation between HIISX and HWTIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
HIISX vs. HWTIX — Risk / Return Rank
HIISX
HWTIX
HIISX vs. HWTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor International Small Cap Fund (HIISX) and Hotchkis & Wiley International Small Cap Diversified Value Fund (HWTIX). 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.
| HIISX | HWTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.57 | -0.66 |
| Martin ratioReturn relative to average drawdown | 6.13 | 9.31 | -3.18 |
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Drawdowns
HIISX vs. HWTIX - Drawdown Comparison
The maximum HIISX drawdown since its inception was -42.19%, which is greater than HWTIX's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for HIISX and HWTIX.
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Drawdown Indicators
| HIISX | HWTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.19% | -29.57% | -12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -10.75% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -29.57% | +16.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -29.57% | +3.46% |
Current DrawdownCurrent decline from peak | -1.21% | -1.02% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -6.20% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.97% | +0.43% |
Volatility
HIISX vs. HWTIX - Volatility Comparison
Harbor International Small Cap Fund (HIISX) has a higher volatility of 3.97% compared to Hotchkis & Wiley International Small Cap Diversified Value Fund (HWTIX) at 3.57%. This indicates that HIISX's price experiences larger fluctuations and is considered to be riskier than HWTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIISX | HWTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.57% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 10.39% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 12.87% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 22.89% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 21.78% | -5.57% |
HIISX vs. HWTIX - Expense Ratio Comparison
HIISX has a 1.32% expense ratio, which is higher than HWTIX's 0.99% expense ratio.
Dividends
HIISX vs. HWTIX - Dividend Comparison
HIISX's dividend yield for the trailing twelve months is around 7.73%, less than HWTIX's 12.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HIISX Harbor International Small Cap Fund | 7.73% | 8.91% | 4.71% | 1.84% | 2.22% | 6.97% | 0.93% | 2.35% | 3.78% | 0.99% |
HWTIX Hotchkis & Wiley International Small Cap Diversified Value Fund | 12.11% | 4.68% | 31.95% | 6.64% | 5.32% | 22.94% | 4.15% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, HIISX and HWTIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HIISX has higher volatility (3.97%) compared to HWTIX (3.57%). In terms of maximum drawdown, HIISX dropped -42.19% vs HWTIX's -29.57%.
HWTIX currently has the higher Sharpe Ratio (2.15 vs 1.53), 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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