HOMPX vs. HWHIX

Last updated Aug 1, 2026

HOMPX (HW Opportunities MP Fund) and HWHIX (Hotchkis & Wiley High Yield Fund) are both mutual funds - HOMPX is a Mid Cap Value Equities fund managed by Hotchkis & Wiley, while HWHIX is a High Yield Bonds fund managed by Hotchkis & Wiley. Over the past 5 years, HOMPX returned 12.26%/yr vs 3.39%/yr for HWHIX. Their 0.49 correlation means their historical movements had little consistent relationship. HOMPX charges 0.00%/yr vs 0.70%/yr for HWHIX.

Performance

HOMPX vs. HWHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HW Opportunities MP Fund (HOMPX) and Hotchkis & Wiley High Yield Fund (HWHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOMPX achieves a 18.18% return, which is significantly higher than HWHIX's 1.22% return.

HOMPX

• 1D: 1.01%
• 1M: 2.87%
• 6M: 12.69%
• YTD: 18.18%
• 1Y: 24.98%
• 3Y*: 13.67%
• 5Y*: 12.26%
• 10Y*: —
• ALL TIME*: 15.22%

HWHIX

• 1D: 0.10%
• 1M: -0.48%
• 6M: 0.78%
• YTD: 1.22%
• 1Y: 4.14%
• 3Y*: 6.89%
• 5Y*: 3.39%
• 10Y*: 4.04%
• ALL TIME*: 3.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HOMPX HW Opportunities MP Fund	$0.00	$0.00	$0.00
HWHIX Hotchkis & Wiley High Yield Fund	$0.00	$0.00	$0.00

HOMPX vs. HWHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HOMPX HW Opportunities MP Fund	18.18%	11.44%	3.87%	29.55%	-5.23%	29.85%
HWHIX Hotchkis & Wiley High Yield Fund	1.22%	7.28%	7.23%	12.00%	-11.08%	5.50%

Correlation

The correlation between HOMPX and HWHIX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.49

The correlation between HOMPX and HWHIX has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.

Return for Risk

HOMPX vs. HWHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HOMPX

HOMPX Risk / Return Rank: 65
HOMPX Sharpe Ratio Rank: 66
HOMPX Sortino Ratio Rank: 63
HOMPX Omega Ratio Rank: 61
HOMPX Calmar Ratio Rank: 74
HOMPX Martin Ratio Rank: 60

HWHIX

HWHIX Risk / Return Rank: 48
HWHIX Sharpe Ratio Rank: 43
HWHIX Sortino Ratio Rank: 56
HWHIX Omega Ratio Rank: 52
HWHIX Calmar Ratio Rank: 40
HWHIX Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HOMPX vs. HWHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HW Opportunities MP Fund (HOMPX) and Hotchkis & Wiley High Yield Fund (HWHIX). 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.

	HOMPX	HWHIX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.24	+0.39
Sortino ratio: Return per unit of downside risk	2.28	2.04	+0.24
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.04
Calmar ratio: Return relative to maximum drawdown	2.46	1.64	+0.82
Martin ratio: Return relative to average drawdown	8.02	6.99	+1.03

HOMPX vs. HWHIX - Sharpe Ratio Comparison

The current HOMPX Sharpe Ratio is 1.63, which is higher than the HWHIX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of HOMPX and HWHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOMPX vs. HWHIX - Drawdown Comparison

The maximum HOMPX drawdown since its inception was -23.25%, roughly equal to the maximum HWHIX drawdown of -23.03%. Use the drawdown chart below to compare losses from any high point for HOMPX and HWHIX.

Drawdown Indicators

	HOMPX	HWHIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.25%	-23.03%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-2.64%	-7.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.78%	-4.08%	-14.70%
Max Drawdown (5Y) Largest decline over 5 years	-23.25%	-15.02%	-8.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.03%	—
Current Drawdown Current decline from peak	-0.61%	-0.66%	+0.05%
Average Drawdown Average peak-to-trough decline	-4.40%	-3.77%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	0.62%	+2.34%

Volatility

HOMPX vs. HWHIX - Volatility Comparison

HW Opportunities MP Fund (HOMPX) has a higher volatility of 2.57% compared to Hotchkis & Wiley High Yield Fund (HWHIX) at 0.66%. This indicates that HOMPX's price experiences larger fluctuations and is considered to be riskier than HWHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOMPX	HWHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	0.66%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	2.78%	+8.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.68%	3.49%	+11.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	4.71%	+14.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	5.09%	+13.80%

HOMPX vs. HWHIX - Expense Ratio Comparison

HOMPX has a 0.00% expense ratio, which is lower than HWHIX's 0.70% expense ratio.

Dividends

HOMPX vs. HWHIX - Dividend Comparison

HOMPX's dividend yield for the trailing twelve months is around 3.06%, less than HWHIX's 5.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOMPX HW Opportunities MP Fund	3.06%	3.61%	9.48%	6.79%	1.89%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HWHIX Hotchkis & Wiley High Yield Fund	5.82%	6.24%	6.27%	4.77%	4.03%	4.02%	5.47%	5.92%	6.24%	4.42%	0.00%	0.86%

Frequently Asked Questions

Can I hold both HOMPX and HWHIX in my portfolio?

HOMPX and HWHIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOMPX or HWHIX?

HOMPX has higher volatility (2.57%) compared to HWHIX (0.66%). In terms of maximum drawdown, HOMPX dropped -23.25% vs HWHIX's -23.03%.

Which has better risk-adjusted returns?

HOMPX currently has the higher Sharpe Ratio (1.63 vs 1.24), 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.