HWAIX vs. HFCVX
Compare and contrast key facts about Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Hennessy Cornerstone Value Fund (HFCVX).
HWAIX is managed by Hotchkis & Wiley. It was launched on Dec 31, 2002. HFCVX is managed by Hennessy. It was launched on Nov 1, 1996.
Performance
HWAIX vs. HFCVX - Performance Comparison
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HWAIX vs. HFCVX - 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% | 13.82% |
HFCVX Hennessy Cornerstone Value Fund | 9.21% | 18.27% | 9.59% | 5.81% | 6.12% | 29.94% | -6.39% | 20.84% | -9.50% | 19.21% |
Returns By Period
In the year-to-date period, HWAIX achieves a -0.07% return, which is significantly lower than HFCVX's 9.21% return. Over the past 10 years, HWAIX has outperformed HFCVX with an annualized return of 12.59%, while HFCVX has yielded a comparatively lower 10.85% annualized 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%
HFCVX
- 1D
- 0.83%
- 1M
- -1.38%
- YTD
- 9.21%
- 6M
- 12.87%
- 1Y
- 18.71%
- 3Y*
- 14.74%
- 5Y*
- 12.33%
- 10Y*
- 10.85%
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HWAIX vs. HFCVX - Expense Ratio Comparison
HWAIX has a 0.94% expense ratio, which is lower than HFCVX's 1.23% expense ratio.
Return for Risk
HWAIX vs. HFCVX — Risk / Return Rank
HWAIX
HFCVX
HWAIX vs. HFCVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Hennessy Cornerstone Value Fund (HFCVX). 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 | HFCVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.44 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.95 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.72 | -0.80 |
Martin ratioReturn relative to average drawdown | 3.93 | 7.47 | -3.54 |
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 | HFCVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.44 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.93 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.66 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.40 | +0.17 |
Correlation
The correlation between HWAIX and HFCVX is 0.84, 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. HFCVX - Dividend Comparison
HWAIX's dividend yield for the trailing twelve months is around 3.69%, less than HFCVX's 6.77% 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% |
HFCVX Hennessy Cornerstone Value Fund | 6.77% | 7.39% | 4.56% | 3.57% | 10.33% | 4.81% | 2.58% | 6.58% | 17.16% | 14.97% | 2.26% | 2.57% |
Drawdowns
HWAIX vs. HFCVX - Drawdown Comparison
The maximum HWAIX drawdown since its inception was -41.28%, smaller than the maximum HFCVX drawdown of -65.75%. Use the drawdown chart below to compare losses from any high point for HWAIX and HFCVX.
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Drawdown Indicators
| HWAIX | HFCVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -65.75% | +24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -11.00% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -16.81% | -7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -39.39% | -1.89% |
Current DrawdownCurrent decline from peak | -3.76% | -1.46% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -8.28% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.61% | +0.47% |
Volatility
HWAIX vs. HFCVX - Volatility Comparison
Hotchkis & Wiley Value Opportunities Fund (HWAIX) has a higher volatility of 3.74% compared to Hennessy Cornerstone Value Fund (HFCVX) at 3.06%. This indicates that HWAIX's price experiences larger fluctuations and is considered to be riskier than HFCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWAIX | HFCVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.06% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 6.83% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 12.75% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 13.28% | +4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 16.48% | +2.99% |