HWLIX vs. FLCSX
HWLIX (Hotchkis & Wiley Large Cap Value Fund) and FLCSX (Fidelity Large Cap Stock Fund) are both mutual funds - HWLIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley, while FLCSX is a Large Cap Blend Equities fund actively managed by Fidelity Investments. Over the past 10 years, HWLIX returned 12.22%/yr vs 15.83%/yr for FLCSX. Their correlation of 0.86 suggests significant overlap in exposure. HWLIX charges 0.95%/yr vs 0.75%/yr for FLCSX.
Performance
HWLIX vs. FLCSX - Performance Comparison
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Returns By Period
In the year-to-date period, HWLIX achieves a 5.16% return, which is significantly lower than FLCSX's 9.23% return. Over the past 10 years, HWLIX has underperformed FLCSX with an annualized return of 12.22%, while FLCSX has yielded a comparatively higher 15.83% annualized return.
HWLIX
- 1D
- 0.08%
- 1M
- -1.64%
- YTD
- 5.16%
- 6M
- 4.65%
- 1Y
- 21.13%
- 3Y*
- 16.93%
- 5Y*
- 10.08%
- 10Y*
- 12.22%
FLCSX
- 1D
- -0.73%
- 1M
- 0.59%
- YTD
- 9.23%
- 6M
- 8.55%
- 1Y
- 28.22%
- 3Y*
- 25.24%
- 5Y*
- 16.17%
- 10Y*
- 15.83%
HWLIX vs. FLCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWLIX Hotchkis & Wiley Large Cap Value Fund | 5.16% | 18.06% | 12.80% | 16.92% | -5.31% | 28.86% | -0.29% | 29.16% | -14.26% | 18.85% |
FLCSX Fidelity Large Cap Stock Fund | 9.23% | 27.49% | 26.31% | 23.51% | -8.02% | 25.80% | 9.05% | 31.59% | -13.62% | 17.86% |
Correlation
The correlation between HWLIX and FLCSX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 1995 | 0.86 |
Over the past year, the correlation between HWLIX and FLCSX has dropped to 0.54 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
HWLIX vs. FLCSX — Risk / Return Rank
HWLIX
FLCSX
HWLIX vs. FLCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Fidelity Large Cap Stock Fund (FLCSX). 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 | FLCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.09 | +0.31 |
| Martin ratioReturn relative to average drawdown | 10.47 | 13.96 | -3.49 |
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Drawdowns
HWLIX vs. FLCSX - Drawdown Comparison
The maximum HWLIX drawdown since its inception was -70.48%, which is greater than FLCSX's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for HWLIX and FLCSX.
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Drawdown Indicators
| HWLIX | FLCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -63.67% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -9.55% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -18.82% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -21.69% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | -37.11% | -9.61% |
Current DrawdownCurrent decline from peak | -4.21% | -1.01% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -13.80% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.11% | -0.06% |
Volatility
HWLIX vs. FLCSX - Volatility Comparison
Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Fidelity Large Cap Stock Fund (FLCSX) have volatilities of 4.21% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWLIX | FLCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.38% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 9.92% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 12.76% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 16.89% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 18.68% | +2.85% |
HWLIX vs. FLCSX - Expense Ratio Comparison
HWLIX has a 0.95% expense ratio, which is higher than FLCSX's 0.75% expense ratio.
Dividends
HWLIX vs. FLCSX - Dividend Comparison
HWLIX's dividend yield for the trailing twelve months is around 7.72%, less than FLCSX's 9.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCSX Fidelity Large Cap Stock Fund | 9.04% | 6.50% | 4.26% | 2.83% | 3.07% | 4.71% | 3.93% | 5.43% | 7.63% | 3.25% | 3.61% | 4.55% |
HWLIX Hotchkis & Wiley Large Cap Value Fund | 7.72% | 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 FLCSX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCSX has higher volatility (4.38%) compared to HWLIX (4.21%). In terms of maximum drawdown, HWLIX dropped -70.48% vs FLCSX's -63.67%.
FLCSX currently has the higher Sharpe Ratio (2.32 vs 1.62), 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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