HWGIX vs. HWCIX
HWGIX (Hotchkis & Wiley Global Value Fund) and HWCIX (Hotchkis & Wiley Diversified Value Fund) are both mutual funds - HWGIX is a Global Equities fund managed by Hotchkis & Wiley, while HWCIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWGIX returned 11.68%/yr vs 13.02%/yr for HWCIX. Their 0.95 correlation means they have historically moved very closely together. HWGIX charges 0.95%/yr vs 0.80%/yr for HWCIX.
Performance
HWGIX vs. HWCIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWGIX achieves a 11.62% return, which is significantly lower than HWCIX's 12.22% return. Over the past 10 years, HWGIX has underperformed HWCIX with an annualized return of 11.68%, while HWCIX has yielded a comparatively higher 13.02% 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%
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%
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 |
HWGIX vs. HWCIX - 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% |
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% |
Correlation
The correlation between HWGIX and HWCIX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.95 |
The correlation between HWGIX and HWCIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
HWGIX vs. HWCIX — Risk / Return Rank
HWGIX
HWCIX
HWGIX vs. HWCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Global Value Fund (HWGIX) and Hotchkis & Wiley Diversified Value Fund (HWCIX). 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 | HWCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.86 | -1.55 |
| Martin ratioReturn relative to average drawdown | 7.92 | 12.03 | -4.11 |
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Drawdowns
HWGIX vs. HWCIX - Drawdown Comparison
The maximum HWGIX drawdown since its inception was -46.71%, smaller than the maximum HWCIX drawdown of -69.74%. Use the drawdown chart below to compare losses from any high point for HWGIX and HWCIX.
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Drawdown Indicators
| HWGIX | HWCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -69.74% | +23.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -6.33% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -16.52% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.63% | -23.62% | -5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -47.31% | +0.60% |
Current DrawdownCurrent decline from peak | -0.68% | -0.94% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -12.27% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.04% | +0.82% |
Volatility
HWGIX vs. HWCIX - Volatility Comparison
Hotchkis & Wiley Global Value Fund (HWGIX) and Hotchkis & Wiley Diversified Value Fund (HWCIX) have volatilities of 4.41% and 4.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWGIX | HWCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.46% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 9.45% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 13.18% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 17.99% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 21.47% | -1.10% |
HWGIX vs. HWCIX - Expense Ratio Comparison
HWGIX has a 0.95% expense ratio, which is higher than HWCIX's 0.80% expense ratio.
Dividends
HWGIX vs. HWCIX - Dividend Comparison
HWGIX's dividend yield for the trailing twelve months is around 18.41%, more than HWCIX's 9.93% 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% |
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
With a correlation of 0.92, HWGIX and HWCIX 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.
HWCIX has higher volatility (4.46%) compared to HWGIX (4.41%). In terms of maximum drawdown, HWGIX dropped -46.71% vs HWCIX's -69.74%.
HWCIX currently has the higher Sharpe Ratio (1.86 vs 1.74), 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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