HWHIX vs. HWSIX
HWHIX (Hotchkis & Wiley High Yield Fund) and HWSIX (Hotchkis & Wiley Small Cap Value Fund) are both mutual funds - HWHIX is a High Yield Bonds fund managed by Hotchkis & Wiley, while HWSIX is a Small Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWHIX returned 4.26%/yr vs 11.20%/yr for HWSIX. At a 0.42 correlation, their price movements are largely independent. HWHIX charges 0.70%/yr vs 1.06%/yr for HWSIX.
Performance
HWHIX vs. HWSIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWHIX achieves a 0.82% return, which is significantly lower than HWSIX's 15.63% return. Over the past 10 years, HWHIX has underperformed HWSIX with an annualized return of 4.26%, while HWSIX has yielded a comparatively higher 11.20% annualized return.
HWHIX
- 1D
- -0.10%
- 1M
- 0.35%
- YTD
- 0.82%
- 6M
- 1.38%
- 1Y
- 4.72%
- 3Y*
- 7.64%
- 5Y*
- 3.35%
- 10Y*
- 4.26%
HWSIX
- 1D
- 0.35%
- 1M
- 1.09%
- YTD
- 15.63%
- 6M
- 13.92%
- 1Y
- 22.01%
- 3Y*
- 12.79%
- 5Y*
- 9.48%
- 10Y*
- 11.20%
HWHIX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 0.82% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.37% | 6.62% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 15.63% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
Correlation
The correlation between HWHIX and HWSIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2009 | 0.42 |
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Return for Risk
HWHIX vs. HWSIX — Risk / Return Rank
HWHIX
HWSIX
HWHIX vs. HWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX). 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.
| HWHIX | HWSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.34 | -0.47 |
| Martin ratioReturn relative to average drawdown | 8.11 | 7.64 | +0.48 |
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Drawdowns
HWHIX vs. HWSIX - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for HWHIX and HWSIX.
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Drawdown Indicators
| HWHIX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -72.00% | +48.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -10.01% | +7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -26.92% | +22.84% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -26.92% | +11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | -53.67% | +30.64% |
Current DrawdownCurrent decline from peak | -0.48% | -2.44% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -12.06% | +8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 3.06% | -2.45% |
Volatility
HWHIX vs. HWSIX - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 1.07%, while Hotchkis & Wiley Small Cap Value Fund (HWSIX) has a volatility of 3.91%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than HWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWHIX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 3.91% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 11.15% | -8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.47% | 17.15% | -13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 21.48% | -16.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 24.59% | -19.49% |
HWHIX vs. HWSIX - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is lower than HWSIX's 1.06% expense ratio.
Dividends
HWHIX vs. HWSIX - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 6.39%, more than HWSIX's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 6.39% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.87% | 1.01% | 8.35% | 1.90% | 13.44% | 0.36% | 0.80% | 4.89% | 9.84% | 5.07% | 0.41% | 11.78% |
Frequently Asked Questions
HWHIX and HWSIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWSIX has higher volatility (3.91%) compared to HWHIX (1.07%). In terms of maximum drawdown, HWHIX dropped -23.03% vs HWSIX's -72.00%.
HWHIX currently has the higher Sharpe Ratio (1.42 vs 1.36), 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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