HWHIX vs. HOMPX

Last updated Jun 4, 2026

HWHIX (Hotchkis & Wiley High Yield Fund) and HOMPX (HW Opportunities MP Fund) are both mutual funds - HWHIX is a High Yield Bonds fund managed by Hotchkis & Wiley, while HOMPX is a Mid Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 5 years, HWHIX returned 3.55%/yr vs 11.08%/yr for HOMPX. At a 0.49 correlation, their price movements are largely independent. HWHIX charges 0.70%/yr vs 0.00%/yr for HOMPX.

Performance

HWHIX vs. HOMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley High Yield Fund (HWHIX) and HW Opportunities MP Fund (HOMPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HWHIX achieves a 1.20% return, which is significantly lower than HOMPX's 17.65% return.

HWHIX

• 1D: 0.00%
• 1M: 0.55%
• YTD: 1.20%
• 6M: 1.77%
• 1Y: 5.81%
• 3Y*: 7.63%
• 5Y*: 3.55%
• 10Y*: 4.28%

HOMPX

• 1D: -1.05%
• 1M: 7.20%
• YTD: 17.65%
• 6M: 19.21%
• 1Y: 28.30%
• 3Y*: 17.17%
• 5Y*: 11.08%
• 10Y*: —

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

HWHIX vs. HOMPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HWHIX Hotchkis & Wiley High Yield Fund	1.20%	7.28%	7.23%	12.00%	-11.08%	5.78%
HOMPX HW Opportunities MP Fund	17.65%	11.44%	3.87%	29.55%	-5.23%	29.85%

Correlation

The correlation between HWHIX and HOMPX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021	0.49

The correlation between HWHIX and HOMPX has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

Return for Risk

HWHIX vs. HOMPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HWHIX

HWHIX Risk / Return Rank: 44
HWHIX Sharpe Ratio Rank: 37
HWHIX Sortino Ratio Rank: 49
HWHIX Omega Ratio Rank: 46
HWHIX Calmar Ratio Rank: 36
HWHIX Martin Ratio Rank: 49

HOMPX

HOMPX Risk / Return Rank: 50
HOMPX Sharpe Ratio Rank: 46
HOMPX Sortino Ratio Rank: 43
HOMPX Omega Ratio Rank: 41
HOMPX Calmar Ratio Rank: 63
HOMPX Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HWHIX vs. HOMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and HW Opportunities MP Fund (HOMPX). 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	HOMPX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.01	-0.24
Sortino ratio: Return per unit of downside risk	2.94	2.77	+0.18
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	2.29	3.06	-0.77
Martin ratio: Return relative to average drawdown	10.05	11.03	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HWHIX vs. HOMPX - Sharpe Ratio Comparison

The current HWHIX Sharpe Ratio is 1.76, which is comparable to the HOMPX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of HWHIX and HOMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HWHIX	HOMPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	2.01	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.58	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.82	-0.04

Drawdowns

HWHIX vs. HOMPX - Drawdown Comparison

The maximum HWHIX drawdown since its inception was -23.03%, roughly equal to the maximum HOMPX drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for HWHIX and HOMPX.

Drawdown Indicators

	HWHIX	HOMPX	Difference
Max Drawdown Largest peak-to-trough decline	-23.03%	-23.25%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-9.67%	+7.03%
Max Drawdown (3Y) Largest decline over 3 years	-4.08%	-18.78%	+14.70%
Max Drawdown (5Y) Largest decline over 5 years	-15.02%	-23.25%	+8.23%
Max Drawdown (10Y) Largest decline over 10 years	-23.03%	—	—
Current Drawdown Current decline from peak	-0.10%	-1.05%	+0.95%
Average Drawdown Average peak-to-trough decline	-3.81%	-4.43%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	2.68%	-2.08%

Volatility

HWHIX vs. HOMPX - Volatility Comparison

The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 1.16%, while HW Opportunities MP Fund (HOMPX) has a volatility of 4.53%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than HOMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWHIX	HOMPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	4.53%	-3.37%
Volatility (6M) Calculated over the trailing 6-month period	2.66%	11.17%	-8.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.42%	14.76%	-11.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.70%	19.18%	-14.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	19.05%	-13.94%

HWHIX vs. HOMPX - Expense Ratio Comparison

HWHIX has a 0.70% expense ratio, which is higher than HOMPX's 0.00% expense ratio.

Dividends

HWHIX vs. HOMPX - Dividend Comparison

HWHIX's dividend yield for the trailing twelve months is around 6.36%, more than HOMPX's 3.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOMPX HW Opportunities MP Fund	3.07%	3.61%	9.48%	6.79%	1.89%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HWHIX Hotchkis & Wiley High Yield Fund	6.36%	6.24%	6.27%	4.77%	4.03%	4.02%	5.47%	5.92%	6.24%	4.42%	0.00%	0.86%

Frequently Asked Questions

Can I hold both HWHIX and HOMPX in my portfolio?

HWHIX and HOMPX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWHIX or HOMPX?

HOMPX has higher volatility (4.53%) compared to HWHIX (1.16%). In terms of maximum drawdown, HWHIX dropped -23.03% vs HOMPX's -23.25%.

Which has better risk-adjusted returns?

HOMPX currently has the higher Sharpe Ratio (2.01 vs 1.76), 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.