HWGIX vs. HWAIX
HWGIX (Hotchkis & Wiley Global Value Fund) and HWAIX (Hotchkis & Wiley Value Opportunities Fund) are both mutual funds - HWGIX is a Global Equities fund managed by Hotchkis & Wiley, while HWAIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWGIX returned 11.01%/yr vs 13.10%/yr for HWAIX. Their correlation of 0.95 suggests significant overlap in exposure. HWGIX charges 0.95%/yr vs 0.94%/yr for HWAIX.
Performance
HWGIX vs. HWAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HWGIX having a 4.78% return and HWAIX slightly higher at 4.87%. Over the past 10 years, HWGIX has underperformed HWAIX with an annualized return of 11.01%, while HWAIX has yielded a comparatively higher 13.10% annualized return.
HWGIX
- 1D
- -0.18%
- 1M
- -0.30%
- YTD
- 4.78%
- 6M
- 4.72%
- 1Y
- 17.69%
- 3Y*
- 17.36%
- 5Y*
- 11.30%
- 10Y*
- 11.01%
HWAIX
- 1D
- -0.28%
- 1M
- -2.10%
- YTD
- 4.87%
- 6M
- 4.49%
- 1Y
- 14.21%
- 3Y*
- 14.70%
- 5Y*
- 11.41%
- 10Y*
- 13.10%
HWGIX vs. HWAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWGIX Hotchkis & Wiley Global Value Fund | 4.78% | 23.76% | 9.46% | 28.00% | -11.65% | 26.67% | -0.59% | 24.57% | -16.08% | 16.73% |
HWAIX Hotchkis & Wiley Value Opportunities Fund | 4.87% | 14.56% | 11.59% | 26.74% | -7.88% | 34.33% | 5.35% | 25.62% | -11.01% | 13.82% |
Correlation
The correlation between HWGIX and HWAIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.95 |
The correlation between HWGIX and HWAIX has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
HWGIX vs. HWAIX — Risk / Return Rank
HWGIX
HWAIX
HWGIX vs. HWAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Global Value Fund (HWGIX) and Hotchkis & Wiley Value Opportunities Fund (HWAIX). 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 | HWAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.01 | -0.21 |
| Martin ratioReturn relative to average drawdown | 6.02 | 5.89 | +0.12 |
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Drawdowns
HWGIX vs. HWAIX - Drawdown Comparison
The maximum HWGIX drawdown since its inception was -46.71%, which is greater than HWAIX's maximum drawdown of -41.28%. Use the drawdown chart below to compare losses from any high point for HWGIX and HWAIX.
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Drawdown Indicators
| HWGIX | HWAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -41.28% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -7.10% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -17.28% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -28.63% | -23.87% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -41.28% | -5.43% |
Current DrawdownCurrent decline from peak | -3.01% | -6.30% | +3.29% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -5.61% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.41% | +0.51% |
Volatility
HWGIX vs. HWAIX - Volatility Comparison
The current volatility for Hotchkis & Wiley Global Value Fund (HWGIX) is 4.33%, while Hotchkis & Wiley Value Opportunities Fund (HWAIX) has a volatility of 4.97%. This indicates that HWGIX experiences smaller price fluctuations and is considered to be less risky than HWAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWGIX | HWAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.97% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 9.99% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 13.41% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 18.12% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 19.47% | +1.18% |
HWGIX vs. HWAIX - Expense Ratio Comparison
HWGIX has a 0.95% expense ratio, which is higher than HWAIX's 0.94% expense ratio.
Dividends
HWGIX vs. HWAIX - Dividend Comparison
HWGIX's dividend yield for the trailing twelve months is around 9.19%, more than HWAIX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWAIX Hotchkis & Wiley Value Opportunities Fund | 3.52% | 3.69% | 10.07% | 8.39% | 2.54% | 13.72% | 2.52% | 2.35% | 11.39% | 3.19% | 2.22% | 17.20% |
HWGIX Hotchkis & Wiley Global Value Fund | 9.19% | 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
HWGIX and HWAIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWAIX has higher volatility (4.97%) compared to HWGIX (4.33%). In terms of maximum drawdown, HWGIX dropped -46.71% vs HWAIX's -41.28%.
HWGIX currently has the higher Sharpe Ratio (1.36 vs 1.06), 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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