HWGIX vs. HWLIX
HWGIX (Hotchkis & Wiley Global Value Fund) and HWLIX (Hotchkis & Wiley Large Cap Value Fund) are both mutual funds - HWGIX is a Global Equities fund managed by Hotchkis & Wiley, while HWLIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWGIX returned 11.68%/yr vs 12.27%/yr for HWLIX. Their correlation of 0.95 means they have usually moved in the same direction. Both charge a 0.95% expense ratio.
Performance
HWGIX vs. HWLIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HWGIX having a 11.62% return and HWLIX slightly higher at 11.63%. Over the past 10 years, HWGIX has underperformed HWLIX with an annualized return of 11.68%, while HWLIX has yielded a comparatively higher 12.27% 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%
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 |
HWGIX vs. HWLIX - 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% |
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 HWGIX and HWLIX 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. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
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 HWLIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
HWGIX vs. HWLIX — Risk / Return Rank
HWGIX
HWLIX
HWGIX vs. HWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Global Value Fund (HWGIX) 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.
| HWGIX | HWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.95 | -1.64 |
| Martin ratioReturn relative to average drawdown | 7.92 | 12.25 | -4.32 |
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Drawdowns
HWGIX vs. HWLIX - Drawdown Comparison
The maximum HWGIX drawdown since its inception was -46.71%, smaller than the maximum HWLIX drawdown of -70.48%. Use the drawdown chart below to compare losses from any high point for HWGIX and HWLIX.
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Drawdown Indicators
| HWGIX | HWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -70.48% | +23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -6.33% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -16.82% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -28.63% | -24.69% | -3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -46.72% | +0.01% |
Current DrawdownCurrent decline from peak | -0.68% | -1.34% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -10.49% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.04% | +0.82% |
Volatility
HWGIX vs. HWLIX - Volatility Comparison
The current volatility for Hotchkis & Wiley Global Value Fund (HWGIX) is 4.41%, while Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a volatility of 4.74%. This indicates that HWGIX 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
| HWGIX | HWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 4.74% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 9.66% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 13.39% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 18.04% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 21.39% | -1.02% |
HWGIX vs. HWLIX - Expense Ratio Comparison
Both HWGIX and HWLIX have an expense ratio of 0.95%.
Dividends
HWGIX vs. HWLIX - Dividend Comparison
HWGIX's dividend yield for the trailing twelve months is around 18.41%, more than HWLIX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 0.92, HWGIX 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 HWGIX (4.41%). In terms of maximum drawdown, HWGIX dropped -46.71% vs HWLIX's -70.48%.
HWLIX currently has the higher Sharpe Ratio (1.87 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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