HRTVX vs. HWSAX
Compare and contrast key facts about Heartland Value Fund (HRTVX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
HRTVX is managed by Heartland. It was launched on Dec 28, 1984. HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000.
Performance
HRTVX vs. HWSAX - Performance Comparison
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HRTVX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRTVX Heartland Value Fund | 7.35% | 15.94% | 15.76% | 17.15% | -10.04% | 21.86% | 13.12% | 17.93% | -12.10% | 8.45% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 9.00% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
Returns By Period
In the year-to-date period, HRTVX achieves a 7.35% return, which is significantly lower than HWSAX's 9.00% return. Over the past 10 years, HRTVX has outperformed HWSAX with an annualized return of 11.03%, while HWSAX has yielded a comparatively lower 9.96% annualized return.
HRTVX
- 1D
- 2.41%
- 1M
- -5.76%
- YTD
- 7.35%
- 6M
- 9.98%
- 1Y
- 31.24%
- 3Y*
- 17.99%
- 5Y*
- 10.07%
- 10Y*
- 11.03%
HWSAX
- 1D
- 1.75%
- 1M
- 0.95%
- YTD
- 9.00%
- 6M
- 7.38%
- 1Y
- 18.60%
- 3Y*
- 10.15%
- 5Y*
- 9.03%
- 10Y*
- 9.96%
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HRTVX vs. HWSAX - Expense Ratio Comparison
HRTVX has a 1.04% expense ratio, which is lower than HWSAX's 1.21% expense ratio.
Return for Risk
HRTVX vs. HWSAX — Risk / Return Rank
HRTVX
HWSAX
HRTVX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heartland Value Fund (HRTVX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX). 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.
| HRTVX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.78 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.22 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.17 | +1.20 |
Martin ratioReturn relative to average drawdown | 9.02 | 4.34 | +4.69 |
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
| HRTVX | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.78 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.42 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.41 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.47 | +0.10 |
Correlation
The correlation between HRTVX and HWSAX is 0.88, 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
HRTVX vs. HWSAX - Dividend Comparison
HRTVX's dividend yield for the trailing twelve months is around 8.65%, more than HWSAX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRTVX Heartland Value Fund | 8.65% | 9.29% | 8.91% | 5.65% | 3.01% | 13.50% | 0.76% | 3.12% | 7.26% | 6.43% | 3.56% | 8.25% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.64% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Drawdowns
HRTVX vs. HWSAX - Drawdown Comparison
The maximum HRTVX drawdown since its inception was -61.68%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for HRTVX and HWSAX.
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Drawdown Indicators
| HRTVX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.68% | -72.14% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -16.44% | +2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -26.98% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -46.31% | -53.82% | +7.51% |
Current DrawdownCurrent decline from peak | -5.91% | -1.09% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -11.03% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 4.43% | -0.89% |
Volatility
HRTVX vs. HWSAX - Volatility Comparison
Heartland Value Fund (HRTVX) has a higher volatility of 6.14% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 4.45%. This indicates that HRTVX's price experiences larger fluctuations and is considered to be riskier than HWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRTVX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 4.45% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 12.99% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 23.99% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 21.71% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 24.65% | -3.63% |