HWHIX vs. PRCPX
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
HWHIX vs. PRCPX - Performance Comparison
Loading graphics...
HWHIX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | -1.84% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.37% | 6.62% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, HWHIX achieves a -1.84% return, which is significantly lower than PRCPX's -0.13% return. Over the past 10 years, HWHIX has underperformed PRCPX with an annualized return of 4.28%, while PRCPX has yielded a comparatively higher 6.83% annualized 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%
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HWHIX vs. PRCPX - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
HWHIX vs. PRCPX — Risk / Return Rank
HWHIX
PRCPX
HWHIX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 3.47 | -2.13 |
Sortino ratioReturn per unit of downside risk | 1.89 | 5.52 | -3.63 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.93 | -0.64 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 4.53 | -3.01 |
Martin ratioReturn relative to average drawdown | 6.11 | 21.08 | -14.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HWHIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 3.47 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.23 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 1.26 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.88 | -0.12 |
Correlation
The correlation between HWHIX and PRCPX is 0.80, 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. PRCPX - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 5.89%, less than PRCPX's 12.89% 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
HWHIX vs. PRCPX - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, roughly equal to the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for HWHIX and PRCPX.
Loading graphics...
Drawdown Indicators
| HWHIX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -23.07% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.03% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -14.34% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | -23.07% | +0.04% |
Current DrawdownCurrent decline from peak | -2.45% | -1.74% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -3.16% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.65% | +0.13% |
Volatility
HWHIX vs. PRCPX - Volatility Comparison
Hotchkis & Wiley High Yield Fund (HWHIX) has a higher volatility of 1.42% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that HWHIX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HWHIX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.10% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 2.52% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.11% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 4.79% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.45% | -0.35% |