HWCIX vs. VALAX
Compare and contrast key facts about Hotchkis & Wiley Diversified Value Fund (HWCIX) and Al Frank Fund (VALAX).
HWCIX is managed by Hotchkis & Wiley. It was launched on Aug 30, 2004. VALAX is managed by Al Frank. It was launched on May 1, 2006.
Performance
HWCIX vs. VALAX - Performance Comparison
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HWCIX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWCIX Hotchkis & Wiley Diversified Value Fund | -1.63% | 17.09% | 12.80% | 19.01% | -4.35% | 32.46% | 0.42% | 29.30% | -14.74% | 18.37% |
VALAX Al Frank Fund | 1.54% | 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, HWCIX achieves a -1.63% return, which is significantly lower than VALAX's 1.54% return. Both investments have delivered pretty close results over the past 10 years, with HWCIX having a 11.92% annualized return and VALAX not far ahead at 12.38%.
HWCIX
- 1D
- -0.14%
- 1M
- -5.08%
- YTD
- -1.63%
- 6M
- 2.80%
- 1Y
- 13.08%
- 3Y*
- 14.33%
- 5Y*
- 10.38%
- 10Y*
- 11.92%
VALAX
- 1D
- -0.77%
- 1M
- -6.61%
- YTD
- 1.54%
- 6M
- 7.86%
- 1Y
- 29.09%
- 3Y*
- 17.10%
- 5Y*
- 8.94%
- 10Y*
- 12.38%
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HWCIX vs. VALAX - Expense Ratio Comparison
HWCIX has a 0.80% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Return for Risk
HWCIX vs. VALAX — Risk / Return Rank
HWCIX
VALAX
HWCIX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Diversified Value Fund (HWCIX) 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.
| HWCIX | VALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.63 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.23 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.13 | -1.22 |
Martin ratioReturn relative to average drawdown | 3.99 | 9.00 | -5.00 |
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
| HWCIX | VALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.63 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.51 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.64 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.39 | -0.01 |
Correlation
The correlation between HWCIX and VALAX is 0.91, 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
HWCIX vs. VALAX - Dividend Comparison
HWCIX's dividend yield for the trailing twelve months is around 11.33%, more than VALAX's 8.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWCIX Hotchkis & Wiley Diversified Value Fund | 11.33% | 11.15% | 13.85% | 1.56% | 1.12% | 1.10% | 1.99% | 1.82% | 1.62% | 1.82% | 5.17% | 1.49% |
VALAX Al Frank Fund | 8.52% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Drawdowns
HWCIX vs. VALAX - Drawdown Comparison
The maximum HWCIX drawdown since its inception was -69.74%, which is greater than VALAX's maximum drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for HWCIX and VALAX.
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Drawdown Indicators
| HWCIX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.74% | -61.26% | -8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -13.03% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.62% | -25.81% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -47.31% | -38.22% | -9.09% |
Current DrawdownCurrent decline from peak | -6.04% | -8.56% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -12.44% | -10.83% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.08% | -0.02% |
Volatility
HWCIX vs. VALAX - Volatility Comparison
The current volatility for Hotchkis & Wiley Diversified Value Fund (HWCIX) is 3.56%, while Al Frank Fund (VALAX) has a volatility of 4.61%. This indicates that HWCIX 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
| HWCIX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 4.61% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 10.48% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.55% | 18.57% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 17.70% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 19.29% | +2.38% |