HWCIX vs. HWLIX
HWCIX (Hotchkis & Wiley Diversified Value Fund) and HWLIX (Hotchkis & Wiley Large Cap Value Fund) are both Large Cap Value Equities funds from Hotchkis & Wiley. Over the past 10 years, HWCIX returned 13.02%/yr vs 12.27%/yr for HWLIX. Their 0.99 correlation means they have historically moved very closely together. HWCIX charges 0.80%/yr vs 0.95%/yr for HWLIX.
Performance
HWCIX vs. HWLIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HWCIX having a 12.22% return and HWLIX slightly lower at 11.63%. Over the past 10 years, HWCIX has outperformed HWLIX with an annualized return of 13.02%, while HWLIX has yielded a comparatively lower 12.27% annualized return.
HWCIX
- 1D
- -0.94%
- 1M
- 3.76%
- 6M
- 10.42%
- YTD
- 12.22%
- 1Y
- 27.56%
- 3Y*
- 15.61%
- 5Y*
- 12.35%
- 10Y*
- 13.02%
- ALL TIME*
- 9.01%
HWLIX
- 1D
- -1.34%
- 1M
- 3.14%
- 6M
- 9.75%
- YTD
- 11.63%
- 1Y
- 27.83%
- 3Y*
- 15.75%
- 5Y*
- 11.61%
- 10Y*
- 12.27%
- ALL TIME*
- 8.64%
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 |
HWCIX vs. HWLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWCIX Hotchkis & Wiley Diversified Value Fund | 12.22% | 17.09% | 12.80% | 19.01% | -4.35% | 32.46% | 0.42% | 29.30% | -14.74% | 18.37% |
HWLIX Hotchkis & Wiley Large Cap Value Fund | 11.63% | 18.06% | 12.80% | 16.92% | -5.31% | 28.86% | -0.29% | 29.16% | -14.26% | 18.85% |
Correlation
The correlation between HWCIX and HWLIX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2004 | 0.99 |
The correlation between HWCIX and HWLIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
HWCIX vs. HWLIX — Risk / Return Rank
HWCIX
HWLIX
HWCIX vs. HWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Diversified Value Fund (HWCIX) and Hotchkis & Wiley Large Cap Value Fund (HWLIX). 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.
| HWCIX | HWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 3.95 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.03 | 12.25 | -0.22 |
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Drawdowns
HWCIX vs. HWLIX - Drawdown Comparison
The maximum HWCIX drawdown since its inception was -69.74%, roughly equal to the maximum HWLIX drawdown of -70.48%. Use the drawdown chart below to compare losses from any high point for HWCIX and HWLIX.
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Drawdown Indicators
| HWCIX | HWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.74% | -70.48% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.33% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -16.82% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -24.69% | +1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -47.31% | -46.72% | -0.59% |
Current DrawdownCurrent decline from peak | -0.94% | -1.34% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -10.49% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.04% | 0.00% |
Volatility
HWCIX vs. HWLIX - Volatility Comparison
The current volatility for Hotchkis & Wiley Diversified Value Fund (HWCIX) is 4.46%, while Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a volatility of 4.74%. This indicates that HWCIX experiences smaller price fluctuations and is considered to be less risky than HWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWCIX | HWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 4.74% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 9.66% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 13.39% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 18.04% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 21.39% | +0.08% |
HWCIX vs. HWLIX - Expense Ratio Comparison
HWCIX has a 0.80% expense ratio, which is lower than HWLIX's 0.95% expense ratio.
Dividends
HWCIX vs. HWLIX - Dividend Comparison
HWCIX's dividend yield for the trailing twelve months is around 9.93%, more than HWLIX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWCIX Hotchkis & Wiley Diversified Value Fund | 9.93% | 11.15% | 13.85% | 1.56% | 1.12% | 1.10% | 1.99% | 1.82% | 1.62% | 1.82% | 5.17% | 1.49% |
HWLIX Hotchkis & Wiley Large Cap Value Fund | 7.27% | 8.12% | 11.29% | 11.12% | 8.48% | 0.86% | 1.65% | 1.62% | 3.55% | 1.67% | 1.94% | 1.59% |
Frequently Asked Questions
With a correlation of 1.00, HWCIX and HWLIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HWLIX has higher volatility (4.74%) compared to HWCIX (4.46%). In terms of maximum drawdown, HWCIX dropped -69.74% vs HWLIX's -70.48%.
HWLIX currently has the higher Sharpe Ratio (1.87 vs 1.86), 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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