HWAIX vs. HWHIX
Compare and contrast key facts about Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Hotchkis & Wiley High Yield Fund (HWHIX).
HWAIX is managed by Hotchkis & Wiley. It was launched on Dec 31, 2002. HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009.
Performance
HWAIX vs. HWHIX - Performance Comparison
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HWAIX vs. HWHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | -1.57% | 14.56% | 11.59% | 26.74% | -7.88% | 34.33% | 5.35% | 25.62% | -11.01% | 13.82% |
HWHIX Hotchkis & Wiley High Yield Fund | -1.84% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.37% | 6.62% |
Returns By Period
In the year-to-date period, HWAIX achieves a -1.57% return, which is significantly higher than HWHIX's -1.84% return. Over the past 10 years, HWAIX has outperformed HWHIX with an annualized return of 12.42%, while HWHIX has yielded a comparatively lower 4.28% annualized return.
HWAIX
- 1D
- 0.30%
- 1M
- -2.29%
- YTD
- -1.57%
- 6M
- -1.32%
- 1Y
- 10.25%
- 3Y*
- 13.90%
- 5Y*
- 10.52%
- 10Y*
- 12.42%
HWHIX
- 1D
- 0.19%
- 1M
- -2.45%
- YTD
- -1.84%
- 6M
- -0.99%
- 1Y
- 4.80%
- 3Y*
- 6.74%
- 5Y*
- 3.31%
- 10Y*
- 4.28%
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HWAIX vs. HWHIX - Expense Ratio Comparison
HWAIX has a 0.94% expense ratio, which is higher than HWHIX's 0.70% expense ratio.
Return for Risk
HWAIX vs. HWHIX — Risk / Return Rank
HWAIX
HWHIX
HWAIX vs. HWHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) 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.
| HWAIX | HWHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 1.35 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.89 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.52 | -0.86 |
Martin ratioReturn relative to average drawdown | 2.84 | 6.11 | -3.27 |
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 | HWHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.35 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.72 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.84 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.76 | -0.19 |
Correlation
The correlation between HWAIX and HWHIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HWAIX vs. HWHIX - Dividend Comparison
HWAIX's dividend yield for the trailing twelve months is around 3.75%, less than HWHIX's 5.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | 3.75% | 3.69% | 10.07% | 8.39% | 2.54% | 13.72% | 2.52% | 2.35% | 11.39% | 3.19% | 2.22% | 17.20% |
HWHIX Hotchkis & Wiley High Yield Fund | 5.89% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
Drawdowns
HWAIX vs. HWHIX - Drawdown Comparison
The maximum HWAIX drawdown since its inception was -41.28%, which is greater than HWHIX's maximum drawdown of -23.03%. Use the drawdown chart below to compare losses from any high point for HWAIX and HWHIX.
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Drawdown Indicators
| HWAIX | HWHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -23.03% | -18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -3.14% | -10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -15.02% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -23.03% | -18.25% |
Current DrawdownCurrent decline from peak | -5.20% | -2.45% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -3.84% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.78% | +2.29% |
Volatility
HWAIX vs. HWHIX - Volatility Comparison
Hotchkis & Wiley Value Opportunities Fund (HWAIX) has a higher volatility of 3.38% compared to Hotchkis & Wiley High Yield Fund (HWHIX) at 1.42%. This indicates that HWAIX'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.
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Volatility by Period
| HWAIX | HWHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 1.42% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 2.39% | +7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 3.86% | +14.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 4.65% | +13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 5.10% | +14.37% |