HWAIX vs. VALAX
Compare and contrast key facts about Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Al Frank Fund (VALAX).
HWAIX is managed by Hotchkis & Wiley. It was launched on Dec 31, 2002. VALAX is managed by Al Frank. It was launched on May 1, 2006.
Performance
HWAIX vs. VALAX - Performance Comparison
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HWAIX vs. VALAX - 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% |
VALAX Al Frank Fund | 4.45% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Returns By Period
In the year-to-date period, HWAIX achieves a -0.07% return, which is significantly lower than VALAX's 4.45% return. Both investments have delivered pretty close results over the past 10 years, with HWAIX having a 12.59% annualized return and VALAX not far ahead at 12.70%.
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%
VALAX
- 1D
- 2.86%
- 1M
- -3.93%
- YTD
- 4.45%
- 6M
- 10.22%
- 1Y
- 32.84%
- 3Y*
- 18.20%
- 5Y*
- 9.28%
- 10Y*
- 12.70%
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HWAIX vs. VALAX - Expense Ratio Comparison
HWAIX has a 0.94% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Return for Risk
HWAIX vs. VALAX — Risk / Return Rank
HWAIX
VALAX
HWAIX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Al Frank Fund (VALAX). 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 | VALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.76 | -1.10 |
Sortino ratioReturn per unit of downside risk | 1.02 | 2.40 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.60 | -1.68 |
Martin ratioReturn relative to average drawdown | 3.93 | 10.90 | -6.97 |
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 | VALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.76 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.53 | +0.06 |
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 VALAX 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. VALAX - Dividend Comparison
HWAIX's dividend yield for the trailing twelve months is around 3.69%, less than VALAX's 8.29% 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% |
VALAX Al Frank Fund | 8.29% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Drawdowns
HWAIX vs. VALAX - Drawdown Comparison
The maximum HWAIX drawdown since its inception was -41.28%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for HWAIX and VALAX.
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Drawdown Indicators
| HWAIX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -61.26% | +19.98% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -13.03% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -25.81% | +1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -38.22% | -3.06% |
Current DrawdownCurrent decline from peak | -3.76% | -5.95% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -10.83% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 3.10% | -0.02% |
Volatility
HWAIX vs. VALAX - Volatility Comparison
The current volatility for Hotchkis & Wiley Value Opportunities Fund (HWAIX) is 3.74%, while Al Frank Fund (VALAX) has a volatility of 5.58%. This indicates that HWAIX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWAIX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 5.58% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 10.83% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 18.74% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 17.75% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 19.31% | +0.16% |