HWHIX vs. PIAMX
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and PIA High Yield (MACS) Fund (PIAMX).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
HWHIX vs. PIAMX - Performance Comparison
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HWHIX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | -1.84% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.69% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, HWHIX achieves a -1.84% return, which is significantly higher than PIAMX's -2.20% return.
HWHIX
- 1D
- 0.19%
- 1M
- -2.45%
- YTD
- -1.84%
- 6M
- -0.99%
- 1Y
- 4.80%
- 3Y*
- 6.74%
- 5Y*
- 3.31%
- 10Y*
- 4.28%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
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HWHIX vs. PIAMX - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
HWHIX vs. PIAMX — Risk / Return Rank
HWHIX
PIAMX
HWHIX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and PIA High Yield (MACS) Fund (PIAMX). 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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.31 | +1.04 |
Sortino ratioReturn per unit of downside risk | 1.89 | 0.41 | +1.48 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.07 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.20 | +1.32 |
Martin ratioReturn relative to average drawdown | 6.11 | 0.61 | +5.50 |
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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.31 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.97 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.15 | -0.40 |
Correlation
The correlation between HWHIX and PIAMX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HWHIX vs. PIAMX - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 5.89%, less than PIAMX's 8.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 5.89% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
HWHIX vs. PIAMX - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for HWHIX and PIAMX.
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Drawdown Indicators
| HWHIX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -18.15% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -4.17% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -13.92% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | — | — |
Current DrawdownCurrent decline from peak | -2.45% | -3.50% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -2.36% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.37% | -0.59% |
Volatility
HWHIX vs. PIAMX - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 1.42%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 1.72%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWHIX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.72% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 2.45% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.32% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 4.01% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 4.25% | +0.85% |