HWHIX vs. VWEHX
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
HWHIX vs. VWEHX - Performance Comparison
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HWHIX vs. VWEHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | -1.46% | 7.28% | 7.23% | 12.00% | -11.08% | 6.25% | 3.85% | 9.61% | -3.37% | 6.62% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | -1.15% | 9.38% | 6.33% | 11.66% | -9.04% | 2.97% | 5.30% | 15.81% | -2.93% | 7.05% |
Returns By Period
In the year-to-date period, HWHIX achieves a -1.46% return, which is significantly lower than VWEHX's -1.15% return. Over the past 10 years, HWHIX has underperformed VWEHX with an annualized return of 4.32%, while VWEHX has yielded a comparatively higher 5.18% annualized return.
HWHIX
- 1D
- 0.39%
- 1M
- -1.98%
- YTD
- -1.46%
- 6M
- -0.60%
- 1Y
- 5.01%
- 3Y*
- 6.88%
- 5Y*
- 3.33%
- 10Y*
- 4.32%
VWEHX
- 1D
- 0.55%
- 1M
- -1.62%
- YTD
- -1.15%
- 6M
- 0.56%
- 1Y
- 6.47%
- 3Y*
- 7.55%
- 5Y*
- 3.89%
- 10Y*
- 5.18%
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HWHIX vs. VWEHX - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Return for Risk
HWHIX vs. VWEHX — Risk / Return Rank
HWHIX
VWEHX
HWHIX vs. VWEHX - 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 Investor Shares (VWEHX). 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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.90 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.86 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.79 | -1.01 |
Martin ratioReturn relative to average drawdown | 7.04 | 11.37 | -4.32 |
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 | VWEHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.90 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.80 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.99 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.87 | -0.10 |
Correlation
The correlation between HWHIX and VWEHX is 0.78, 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. VWEHX - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 5.87%, more than VWEHX's 5.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 5.87% | 6.24% | 6.27% | 4.77% | 4.03% | 4.02% | 5.47% | 5.92% | 6.24% | 4.42% | 0.00% | 0.86% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 5.78% | 6.15% | 6.11% | 5.68% | 5.11% | 3.43% | 4.62% | 5.24% | 5.94% | 5.29% | 5.41% | 6.42% |
Drawdowns
HWHIX vs. VWEHX - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for HWHIX and VWEHX.
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Drawdown Indicators
| HWHIX | VWEHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.03% | -30.17% | +7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.52% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -13.83% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -23.03% | -19.69% | -3.34% |
Current DrawdownCurrent decline from peak | -2.07% | -1.80% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -4.30% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.62% | +0.17% |
Volatility
HWHIX vs. VWEHX - Volatility Comparison
Hotchkis & Wiley High Yield Fund (HWHIX) has a higher volatility of 1.51% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 1.39%. This indicates that HWHIX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWHIX | VWEHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.39% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.29% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.45% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 4.85% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.26% | -0.16% |