HWAIX vs. FLCOX
Compare and contrast key facts about Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Fidelity Large Cap Value Index Fund (FLCOX).
HWAIX is managed by Hotchkis & Wiley. It was launched on Dec 31, 2002. FLCOX is a passively managed fund by Fidelity that tracks the performance of the Russell 1000 Value Index. It was launched on Jun 7, 2016.
Performance
HWAIX vs. FLCOX - Performance Comparison
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HWAIX vs. FLCOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | -0.07% | 14.56% | 11.59% | 26.74% | -7.88% | 34.33% | 5.35% | 25.62% | -11.01% | 12.77% |
FLCOX Fidelity Large Cap Value Index Fund | 2.08% | 15.90% | 14.38% | 11.48% | -7.57% | 25.09% | 2.87% | 26.54% | -8.38% | 10.90% |
Returns By Period
In the year-to-date period, HWAIX achieves a -0.07% return, which is significantly lower than FLCOX's 2.08% return.
HWAIX
- 1D
- 1.53%
- 1M
- -0.48%
- YTD
- -0.07%
- 6M
- 0.35%
- 1Y
- 11.78%
- 3Y*
- 14.48%
- 5Y*
- 10.58%
- 10Y*
- 12.59%
FLCOX
- 1D
- 2.13%
- 1M
- -4.69%
- YTD
- 2.08%
- 6M
- 5.86%
- 1Y
- 15.94%
- 3Y*
- 14.30%
- 5Y*
- 9.21%
- 10Y*
- —
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HWAIX vs. FLCOX - Expense Ratio Comparison
HWAIX has a 0.94% expense ratio, which is higher than FLCOX's 0.04% expense ratio.
Return for Risk
HWAIX vs. FLCOX — Risk / Return Rank
HWAIX
FLCOX
HWAIX vs. FLCOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Fidelity Large Cap Value Index Fund (FLCOX). 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.
| HWAIX | FLCOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.02 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.48 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.44 | -0.52 |
Martin ratioReturn relative to average drawdown | 3.93 | 6.76 | -2.83 |
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
| HWAIX | FLCOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.02 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.62 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.54 | +0.03 |
Correlation
The correlation between HWAIX and FLCOX is 0.89, 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
HWAIX vs. FLCOX - Dividend Comparison
HWAIX's dividend yield for the trailing twelve months is around 3.69%, more than FLCOX's 1.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | 3.69% | 3.69% | 10.07% | 8.39% | 2.54% | 13.72% | 2.52% | 2.35% | 11.39% | 3.19% | 2.22% | 17.20% |
FLCOX Fidelity Large Cap Value Index Fund | 1.48% | 1.51% | 1.92% | 1.99% | 2.01% | 1.55% | 2.28% | 3.82% | 2.79% | 0.60% | 0.00% | 0.00% |
Drawdowns
HWAIX vs. FLCOX - Drawdown Comparison
The maximum HWAIX drawdown since its inception was -41.28%, which is greater than FLCOX's maximum drawdown of -38.28%. Use the drawdown chart below to compare losses from any high point for HWAIX and FLCOX.
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Drawdown Indicators
| HWAIX | FLCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -38.28% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -11.81% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -19.00% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | — | — |
Current DrawdownCurrent decline from peak | -3.76% | -4.82% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -4.52% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.51% | +0.57% |
Volatility
HWAIX vs. FLCOX - Volatility Comparison
The current volatility for Hotchkis & Wiley Value Opportunities Fund (HWAIX) is 3.74%, while Fidelity Large Cap Value Index Fund (FLCOX) has a volatility of 4.38%. This indicates that HWAIX experiences smaller price fluctuations and is considered to be less risky than FLCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWAIX | FLCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 4.38% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 8.29% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 15.73% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 14.83% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 17.73% | +1.74% |