HWAIX vs. HWSIX
HWAIX (Hotchkis & Wiley Value Opportunities Fund) and HWSIX (Hotchkis & Wiley Small Cap Value Fund) are both mutual funds - HWAIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley, while HWSIX is a Small Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWAIX returned 13.43%/yr vs 11.37%/yr for HWSIX. Their correlation of 0.91 means they have usually moved in the same direction. HWAIX charges 0.94%/yr vs 1.06%/yr for HWSIX.
Performance
HWAIX vs. HWSIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWAIX achieves a 12.32% return, which is significantly lower than HWSIX's 26.00% return. Over the past 10 years, HWAIX has outperformed HWSIX with an annualized return of 13.43%, while HWSIX has yielded a comparatively lower 11.37% annualized return.
HWAIX
- 1D
- 0.04%
- 1M
- 4.11%
- 6M
- 9.92%
- YTD
- 12.32%
- 1Y
- 21.52%
- 3Y*
- 15.51%
- 5Y*
- 12.63%
- 10Y*
- 13.43%
- ALL TIME*
- 11.30%
HWSIX
- 1D
- -0.22%
- 1M
- 6.93%
- 6M
- 18.21%
- YTD
- 26.00%
- 1Y
- 32.64%
- 3Y*
- 12.17%
- 5Y*
- 12.32%
- 10Y*
- 11.37%
- ALL TIME*
- 9.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HWAIX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | 12.32% | 14.56% | 11.59% | 26.74% | -7.88% | 34.33% | 5.35% | 25.62% | -11.01% | 13.82% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 26.00% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
Correlation
The correlation between HWAIX and HWSIX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.91 |
The correlation between HWAIX and HWSIX shifts across timeframes, from 0.82 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HWAIX vs. HWSIX — Risk / Return Rank
HWAIX
HWSIX
HWAIX vs. HWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX). 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.
| HWAIX | HWSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.90 | -0.16 |
| Martin ratioReturn relative to average drawdown | 7.32 | 9.79 | -2.47 |
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Drawdowns
HWAIX vs. HWSIX - Drawdown Comparison
The maximum HWAIX drawdown since its inception was -41.28%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for HWAIX and HWSIX.
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Drawdown Indicators
| HWAIX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -72.00% | +30.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -10.01% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -26.92% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -26.92% | +3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -53.67% | +12.39% |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -12.03% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.96% | -0.30% |
Volatility
HWAIX vs. HWSIX - Volatility Comparison
Hotchkis & Wiley Value Opportunities Fund (HWAIX) has a higher volatility of 3.90% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 2.86%. This indicates that HWAIX's price experiences larger fluctuations and is considered to be riskier than HWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWAIX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 2.86% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 10.45% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 16.58% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 21.22% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 24.51% | -5.15% |
HWAIX vs. HWSIX - Expense Ratio Comparison
HWAIX has a 0.94% expense ratio, which is lower than HWSIX's 1.06% expense ratio.
Dividends
HWAIX vs. HWSIX - Dividend Comparison
HWAIX's dividend yield for the trailing twelve months is around 6.02%, more than HWSIX's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | 6.02% | 3.69% | 10.07% | 8.39% | 2.54% | 13.72% | 2.52% | 2.35% | 11.39% | 3.19% | 2.22% | 17.20% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.80% | 1.01% | 8.35% | 1.90% | 13.44% | 0.36% | 0.80% | 4.89% | 9.84% | 5.07% | 0.41% | 11.78% |
Frequently Asked Questions
HWAIX and HWSIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWAIX has higher volatility (3.90%) compared to HWSIX (2.86%). In terms of maximum drawdown, HWAIX dropped -41.28% vs HWSIX's -72.00%.
HWSIX currently has the higher Sharpe Ratio (1.76 vs 1.45), 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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