HWAIX vs. VEA
Compare and contrast key facts about Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Vanguard FTSE Developed Markets ETF (VEA).
HWAIX is managed by Hotchkis & Wiley. It was launched on Dec 31, 2002. VEA is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex US Index. It was launched on Jul 20, 2007.
Performance
HWAIX vs. VEA - Performance Comparison
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HWAIX vs. VEA - 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% |
VEA Vanguard FTSE Developed Markets ETF | 2.75% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Returns By Period
In the year-to-date period, HWAIX achieves a -1.57% return, which is significantly lower than VEA's 2.75% return. Over the past 10 years, HWAIX has outperformed VEA with an annualized return of 12.42%, while VEA has yielded a comparatively lower 9.37% 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%
VEA
- 1D
- 3.30%
- 1M
- -8.61%
- YTD
- 2.75%
- 6M
- 8.94%
- 1Y
- 30.06%
- 3Y*
- 16.07%
- 5Y*
- 8.57%
- 10Y*
- 9.37%
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HWAIX vs. VEA - Expense Ratio Comparison
HWAIX has a 0.94% expense ratio, which is higher than VEA's 0.03% expense ratio.
Return for Risk
HWAIX vs. VEA — Risk / Return Rank
HWAIX
VEA
HWAIX vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Value Opportunities Fund (HWAIX) and Vanguard FTSE Developed Markets ETF (VEA). 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 | VEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 1.72 | -1.14 |
Sortino ratioReturn per unit of downside risk | 0.91 | 2.35 | -1.44 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.50 | -1.84 |
Martin ratioReturn relative to average drawdown | 2.84 | 9.82 | -6.98 |
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 | VEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.72 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.54 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.22 | +0.34 |
Correlation
The correlation between HWAIX and VEA is 0.77, 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. VEA - Dividend Comparison
HWAIX's dividend yield for the trailing twelve months is around 3.75%, more than VEA's 2.93% 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% |
VEA Vanguard FTSE Developed Markets ETF | 2.93% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Drawdowns
HWAIX vs. VEA - Drawdown Comparison
The maximum HWAIX drawdown since its inception was -41.28%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for HWAIX and VEA.
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Drawdown Indicators
| HWAIX | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.28% | -60.68% | +19.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -11.63% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -29.71% | +5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -35.73% | -5.55% |
Current DrawdownCurrent decline from peak | -5.20% | -8.71% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -13.40% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.96% | +0.11% |
Volatility
HWAIX vs. VEA - Volatility Comparison
The current volatility for Hotchkis & Wiley Value Opportunities Fund (HWAIX) is 3.38%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 8.41%. This indicates that HWAIX experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWAIX | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 8.41% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 11.57% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 17.62% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 16.30% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 17.26% | +2.21% |