HWLIX vs. AVLV
HWLIX (Hotchkis & Wiley Large Cap Value Fund) and AVLV (Avantis U.S. Large Cap Value ETF) are both Large Cap Value Equities funds. Over the past 3 years, HWLIX returned 15.75%/yr vs 19.98%/yr for AVLV. Their correlation of 0.88 means they have usually moved in the same direction. HWLIX charges 0.95%/yr vs 0.15%/yr for AVLV.
Performance
HWLIX vs. AVLV - Performance Comparison
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Returns By Period
In the year-to-date period, HWLIX achieves a 11.63% return, which is significantly lower than AVLV's 22.36% return.
HWLIX
- 1D
- -1.34%
- 1M
- 3.14%
- 6M
- 9.75%
- YTD
- 11.63%
- 1Y
- 27.83%
- 3Y*
- 15.75%
- 5Y*
- 11.61%
- 10Y*
- 12.27%
- ALL TIME*
- 8.64%
AVLV
- 1D
- 0.14%
- 1M
- 1.46%
- 6M
- 14.50%
- YTD
- 22.36%
- 1Y
- 36.52%
- 3Y*
- 19.98%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $109.53M | $106.09M | $152.15M | |
| $0.00 | $0.00 | $0.00 |
HWLIX vs. AVLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HWLIX Hotchkis & Wiley Large Cap Value Fund | 11.63% | 18.06% | 12.80% | 16.92% | -5.31% | 6.74% |
AVLV Avantis U.S. Large Cap Value ETF | 22.36% | 15.12% | 17.49% | 17.43% | -5.53% | 6.27% |
Correlation
The correlation between HWLIX and AVLV is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.88 |
Over the past year, the correlation between HWLIX and AVLV has dropped to 0.64 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
HWLIX vs. AVLV — Risk / Return Rank
HWLIX
AVLV
HWLIX vs. AVLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Avantis U.S. Large Cap Value ETF (AVLV). 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.
| HWLIX | AVLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.51 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 5.42 | -1.47 |
| Martin ratioReturn relative to average drawdown | 12.25 | 21.95 | -9.70 |
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Drawdowns
HWLIX vs. AVLV - Drawdown Comparison
The maximum HWLIX drawdown since its inception was -70.48%, which is greater than AVLV's maximum drawdown of -19.50%. Use the drawdown chart below to compare losses from any high point for HWLIX and AVLV.
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Drawdown Indicators
| HWLIX | AVLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -19.50% | -50.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.39% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -19.50% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -0.15% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -3.82% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.58% | +0.46% |
Volatility
HWLIX vs. AVLV - Volatility Comparison
Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a higher volatility of 4.74% compared to Avantis U.S. Large Cap Value ETF (AVLV) at 2.35%. This indicates that HWLIX's price experiences larger fluctuations and is considered to be riskier than AVLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWLIX | AVLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 2.35% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 8.87% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 12.41% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 17.18% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 17.18% | +4.21% |
HWLIX vs. AVLV - Expense Ratio Comparison
HWLIX has a 0.95% expense ratio, which is higher than AVLV's 0.15% expense ratio.
Dividends
HWLIX vs. AVLV - Dividend Comparison
HWLIX's dividend yield for the trailing twelve months is around 7.27%, more than AVLV's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVLV Avantis U.S. Large Cap Value ETF | 1.06% | 1.33% | 1.58% | 1.85% | 2.00% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HWLIX Hotchkis & Wiley Large Cap Value Fund | 7.27% | 8.12% | 11.29% | 11.12% | 8.48% | 0.86% | 1.65% | 1.62% | 3.55% | 1.67% | 1.94% | 1.59% |
Frequently Asked Questions
HWLIX and AVLV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWLIX has higher volatility (4.74%) compared to AVLV (2.35%). In terms of maximum drawdown, HWLIX dropped -70.48% vs AVLV's -19.50%.
AVLV currently has the higher Sharpe Ratio (2.79 vs 1.87), 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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