HWHIX vs. VWEAX
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
HWHIX vs. VWEAX - Performance Comparison
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HWHIX vs. VWEAX - 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, HWHIX achieves a -1.84% return, which is significantly lower than VWEAX's -1.68% return. Over the past 10 years, HWHIX has underperformed VWEAX with an annualized return of 4.28%, while VWEAX has yielded a comparatively higher 5.22% 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%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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HWHIX vs. VWEAX - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
HWHIX vs. VWEAX — Risk / Return Rank
HWHIX
VWEAX
HWHIX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.92 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.89 | 2.89 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.52 | -1.00 |
Martin ratioReturn relative to average drawdown | 6.11 | 10.45 | -4.34 |
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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.92 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.81 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 1.00 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.22 | -0.46 |
Correlation
The correlation between HWHIX and VWEAX is 0.77, 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. VWEAX - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 5.89%, which matches VWEAX's 5.91% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
HWHIX vs. VWEAX - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, smaller than the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for HWHIX and VWEAX.
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Drawdown Indicators
| HWHIX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -30.05% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.52% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -13.77% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | -19.68% | -3.35% |
Current DrawdownCurrent decline from peak | -2.45% | -2.34% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -2.13% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.61% | +0.17% |
Volatility
HWHIX vs. VWEAX - Volatility Comparison
Hotchkis & Wiley High Yield Fund (HWHIX) has a higher volatility of 1.42% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.23%. This indicates that HWHIX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWHIX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.23% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 2.25% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.43% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 4.86% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.27% | -0.17% |