HRMDX vs. HWMIX
HRMDX (Heartland Mid Cap Value Fund) and HWMIX (Hotchkis & Wiley Mid-Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, HRMDX returned 10.19%/yr vs 10.11%/yr for HWMIX. Their correlation of 0.88 suggests significant overlap in exposure. HRMDX charges 1.10%/yr vs 1.01%/yr for HWMIX.
Performance
HRMDX vs. HWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HRMDX achieves a 11.97% return, which is significantly higher than HWMIX's 11.07% return. Both investments have delivered pretty close results over the past 10 years, with HRMDX having a 10.19% annualized return and HWMIX not far behind at 10.11%.
HRMDX
- 1D
- 0.34%
- 1M
- 1.23%
- YTD
- 11.97%
- 6M
- 11.04%
- 1Y
- 12.35%
- 3Y*
- 7.97%
- 5Y*
- 6.30%
- 10Y*
- 10.19%
HWMIX
- 1D
- -0.05%
- 1M
- -1.91%
- YTD
- 11.07%
- 6M
- 10.34%
- 1Y
- 24.63%
- 3Y*
- 14.62%
- 5Y*
- 9.87%
- 10Y*
- 10.11%
HRMDX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRMDX Heartland Mid Cap Value Fund | 11.97% | 0.12% | 3.68% | 13.37% | -3.09% | 28.13% | 6.93% | 25.30% | -8.58% | 8.14% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 11.07% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Correlation
The correlation between HRMDX and HWMIX is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.88 |
The correlation between HRMDX and HWMIX shifts across timeframes, from 0.76 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HRMDX vs. HWMIX — Risk / Return Rank
HRMDX
HWMIX
HRMDX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heartland Mid Cap Value Fund (HRMDX) 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.
| HRMDX | HWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.42 | -1.96 |
| Martin ratioReturn relative to average drawdown | 4.21 | 9.41 | -5.20 |
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Drawdowns
HRMDX vs. HWMIX - Drawdown Comparison
The maximum HRMDX drawdown since its inception was -42.61%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for HRMDX and HWMIX.
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Drawdown Indicators
| HRMDX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -69.84% | +27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -7.16% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.89% | -25.90% | +8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -25.90% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -63.21% | +20.60% |
Current DrawdownCurrent decline from peak | -1.40% | -4.52% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -10.82% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.59% | +0.65% |
Volatility
HRMDX vs. HWMIX - Volatility Comparison
The current volatility for Heartland Mid Cap Value Fund (HRMDX) is 3.42%, while Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) has a volatility of 4.25%. This indicates that HRMDX experiences smaller price fluctuations and is considered to be less risky 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
| HRMDX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 4.25% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 10.91% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 16.37% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 22.11% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 25.53% | -6.12% |
HRMDX vs. HWMIX - Expense Ratio Comparison
HRMDX has a 1.10% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Dividends
HRMDX vs. HWMIX - Dividend Comparison
HRMDX's dividend yield for the trailing twelve months is around 1.94%, more than HWMIX's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRMDX Heartland Mid Cap Value Fund | 1.94% | 2.17% | 5.93% | 1.93% | 5.45% | 23.95% | 0.44% | 2.26% | 9.68% | 6.60% | 0.69% | 1.80% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.25% | 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
HRMDX and HWMIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWMIX has higher volatility (4.25%) compared to HRMDX (3.42%). In terms of maximum drawdown, HRMDX dropped -42.61% vs HWMIX's -69.84%.
HWMIX currently has the higher Sharpe Ratio (1.50 vs 1.02), 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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