HWGIX vs. CAEIX

Last updated Aug 1, 2026

HWGIX (Hotchkis & Wiley Global Value Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, HWGIX returned 11.68%/yr vs 10.87%/yr for CAEIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HWGIX charges 0.95%/yr vs 0.99%/yr for CAEIX.

Performance

HWGIX vs. CAEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley Global Value Fund (HWGIX) and Calvert Global Energy Solutions Fund (CAEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HWGIX having a 11.62% return and CAEIX slightly lower at 11.52%. Over the past 10 years, HWGIX has outperformed CAEIX with an annualized return of 11.68%, while CAEIX has yielded a comparatively lower 10.87% annualized return.

HWGIX

• 1D: -0.68%
• 1M: 2.77%
• 6M: 9.32%
• YTD: 11.62%
• 1Y: 25.53%
• 3Y*: 17.50%
• 5Y*: 12.51%
• 10Y*: 11.68%
• ALL TIME*: 10.60%

CAEIX

• 1D: 2.90%
• 1M: -2.87%
• 6M: 4.77%
• YTD: 11.52%
• 1Y: 25.44%
• 3Y*: 8.41%
• 5Y*: 3.86%
• 10Y*: 10.87%
• ALL TIME*: 1.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAEIX Calvert Global Energy Solutions Fund	$0.00	$0.00	$0.00
HWGIX Hotchkis & Wiley Global Value Fund	$0.00	$0.00	$0.00

HWGIX vs. CAEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWGIX Hotchkis & Wiley Global Value Fund	11.62%	23.76%	9.46%	28.00%	-11.65%	26.67%	-0.59%	24.57%	-16.08%	16.73%
CAEIX Calvert Global Energy Solutions Fund	11.52%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%

Correlation

The correlation between HWGIX and CAEIX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.77

Over the past year, the correlation between HWGIX and CAEIX has dropped to 0.48 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

HWGIX vs. CAEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HWGIX

HWGIX Risk / Return Rank: 69
HWGIX Sharpe Ratio Rank: 73
HWGIX Sortino Ratio Rank: 73
HWGIX Omega Ratio Rank: 70
HWGIX Calmar Ratio Rank: 69
HWGIX Martin Ratio Rank: 60

CAEIX

CAEIX Risk / Return Rank: 51
CAEIX Sharpe Ratio Rank: 52
CAEIX Sortino Ratio Rank: 49
CAEIX Omega Ratio Rank: 47
CAEIX Calmar Ratio Rank: 60
CAEIX Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HWGIX vs. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Global Value Fund (HWGIX) and Calvert Global Energy Solutions Fund (CAEIX). 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.

	HWGIX	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.36	+0.38
Sortino ratio: Return per unit of downside risk	2.51	1.89	+0.62
Omega ratio: Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.31	2.03	+0.28
Martin ratio: Return relative to average drawdown	7.92	6.51	+1.41

HWGIX vs. CAEIX - Sharpe Ratio Comparison

The current HWGIX Sharpe Ratio is 1.74, which is comparable to the CAEIX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of HWGIX and CAEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HWGIX vs. CAEIX - Drawdown Comparison

The maximum HWGIX drawdown since its inception was -46.71%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for HWGIX and CAEIX.

Drawdown Indicators

	HWGIX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.71%	-75.81%	+29.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-11.97%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-22.01%	+7.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.63%	-32.58%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	-46.71%	-37.54%	-9.17%
Current Drawdown Current decline from peak	-0.68%	-9.41%	+8.73%
Average Drawdown Average peak-to-trough decline	-6.63%	-48.28%	+41.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	3.72%	-0.86%

Volatility

HWGIX vs. CAEIX - Volatility Comparison

The current volatility for Hotchkis & Wiley Global Value Fund (HWGIX) is 4.41%, while Calvert Global Energy Solutions Fund (CAEIX) has a volatility of 5.40%. This indicates that HWGIX experiences smaller price fluctuations and is considered to be less risky than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWGIX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	5.40%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	14.74%	-4.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	17.89%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	19.42%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	19.56%	+0.81%

HWGIX vs. CAEIX - Expense Ratio Comparison

HWGIX has a 0.95% expense ratio, which is lower than CAEIX's 0.99% expense ratio.

Dividends

HWGIX vs. CAEIX - Dividend Comparison

HWGIX's dividend yield for the trailing twelve months is around 18.41%, more than CAEIX's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEIX Calvert Global Energy Solutions Fund	0.65%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%
HWGIX Hotchkis & Wiley Global Value Fund	18.41%	9.63%	15.10%	11.01%	3.92%	0.68%	1.49%	2.56%	10.34%	5.50%	0.80%	7.06%

Frequently Asked Questions

Can I hold both HWGIX and CAEIX in my portfolio?

HWGIX and CAEIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWGIX or CAEIX?

CAEIX has higher volatility (5.40%) compared to HWGIX (4.41%). In terms of maximum drawdown, HWGIX dropped -46.71% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

HWGIX currently has the higher Sharpe Ratio (1.74 vs 1.36), 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.