HWHIX vs. SHYL
HWHIX (Hotchkis & Wiley High Yield Fund) and SHYL (Xtrackers Short Duration High Yield Bond ETF) are both High Yield Bonds funds. Over the past 5 years, HWHIX returned 3.39%/yr vs 4.84%/yr for SHYL. Their 0.62 correlation means they have sometimes moved together and sometimes differently. HWHIX charges 0.70%/yr vs 0.20%/yr for SHYL.
Performance
HWHIX vs. SHYL - Performance Comparison
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Returns By Period
In the year-to-date period, HWHIX achieves a 1.22% return, which is significantly lower than SHYL's 1.40% return.
HWHIX
- 1D
- 0.10%
- 1M
- -0.48%
- 6M
- 0.78%
- YTD
- 1.22%
- 1Y
- 4.14%
- 3Y*
- 6.89%
- 5Y*
- 3.39%
- 10Y*
- 4.04%
- ALL TIME*
- 3.75%
SHYL
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- 1.08%
- YTD
- 1.40%
- 1Y
- 4.67%
- 3Y*
- 7.88%
- 5Y*
- 4.84%
- 10Y*
- —
- ALL TIME*
- 4.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.01M | $2.77M | $1.73M |
HWHIX vs. SHYL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 1.22% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.92% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 1.40% | 7.78% | 8.52% | 11.39% | -5.21% | 4.60% | 3.64% | 10.16% | -0.67% |
Correlation
The correlation between HWHIX and SHYL is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018 | 0.62 |
The correlation between HWHIX and SHYL has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
HWHIX vs. SHYL — Risk / Return Rank
HWHIX
SHYL
HWHIX vs. SHYL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and Xtrackers Short Duration High Yield Bond ETF (SHYL). 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 | SHYL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.85 | -1.21 |
| Martin ratioReturn relative to average drawdown | 6.99 | 10.87 | -3.88 |
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Drawdowns
HWHIX vs. SHYL - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, which is greater than SHYL's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for HWHIX and SHYL.
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Drawdown Indicators
| HWHIX | SHYL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -19.26% | -3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -1.59% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -4.73% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -9.60% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.41% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -1.51% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.42% | +0.20% |
Volatility
HWHIX vs. SHYL - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 0.66%, while Xtrackers Short Duration High Yield Bond ETF (SHYL) has a volatility of 0.71%. This indicates that HWHIX experiences smaller price fluctuations and is considered to be less risky than SHYL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWHIX | SHYL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.71% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.53% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 3.17% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 5.84% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 6.64% | -1.55% |
HWHIX vs. SHYL - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than SHYL's 0.20% expense ratio.
Dividends
HWHIX vs. SHYL - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 5.82%, less than SHYL's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 5.82% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
SHYL Xtrackers Short Duration High Yield Bond ETF | 6.40% | 7.02% | 7.26% | 6.60% | 5.52% | 4.65% | 6.16% | 5.93% | 5.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HWHIX and SHYL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYL has higher volatility (0.71%) compared to HWHIX (0.66%). In terms of maximum drawdown, HWHIX dropped -23.03% vs SHYL's -19.26%.
SHYL currently has the higher Sharpe Ratio (1.43 vs 1.24), 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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