HWHIX vs. FBND
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and Fidelity Total Bond ETF (FBND).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
HWHIX vs. FBND - Performance Comparison
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HWHIX vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | -1.46% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.37% | 6.62% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, HWHIX achieves a -1.46% return, which is significantly lower than FBND's 0.12% return. Over the past 10 years, HWHIX has outperformed FBND with an annualized return of 4.32%, while FBND has yielded a comparatively lower 2.78% annualized return.
HWHIX
- 1D
- 0.39%
- 1M
- -1.98%
- YTD
- -1.46%
- 6M
- -0.60%
- 1Y
- 5.01%
- 3Y*
- 6.88%
- 5Y*
- 3.33%
- 10Y*
- 4.32%
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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HWHIX vs. FBND - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
HWHIX vs. FBND — Risk / Return Rank
HWHIX
FBND
HWHIX vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and Fidelity Total Bond ETF (FBND). 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.
| HWHIX | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.03 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.44 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.69 | +0.08 |
Martin ratioReturn relative to average drawdown | 7.04 | 5.25 | +1.79 |
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
| HWHIX | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.03 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.17 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.46 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.44 | +0.32 |
Correlation
The correlation between HWHIX and FBND is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HWHIX vs. FBND - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 5.87%, more than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 5.87% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
HWHIX vs. FBND - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for HWHIX and FBND.
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Drawdown Indicators
| HWHIX | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -17.25% | -5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.79% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -17.25% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | -17.25% | -5.78% |
Current DrawdownCurrent decline from peak | -2.07% | -1.80% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -3.38% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.90% | -0.11% |
Volatility
HWHIX vs. FBND - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 1.51%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.66%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWHIX | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.66% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.62% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 4.44% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 5.90% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 6.08% | -0.98% |