HWLIX vs. HDCTX
HWLIX (Hotchkis & Wiley Large Cap Value Fund) and HDCTX (Rational Equity Armor Fund) are both Large Cap Value Equities funds. Over the past 10 years, HWLIX returned 12.22%/yr vs 5.43%/yr for HDCTX. A 0.80 correlation means they provide meaningful diversification when combined. HWLIX charges 0.95%/yr vs 1.17%/yr for HDCTX.
Performance
HWLIX vs. HDCTX - 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 HDCTX's 9.50% return. Over the past 10 years, HWLIX has outperformed HDCTX with an annualized return of 12.22%, while HDCTX has yielded a comparatively lower 5.43% 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%
HDCTX
- 1D
- -0.25%
- 1M
- -0.34%
- YTD
- 9.50%
- 6M
- 8.19%
- 1Y
- 19.35%
- 3Y*
- 14.81%
- 5Y*
- 7.32%
- 10Y*
- 5.43%
HWLIX vs. HDCTX - 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% |
HDCTX Rational Equity Armor Fund | 9.50% | 12.64% | 16.85% | 2.95% | -10.68% | 14.52% | 15.85% | 11.32% | -11.94% | -1.99% |
Correlation
The correlation between HWLIX and HDCTX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2001 | 0.80 |
Over the past year, the correlation between HWLIX and HDCTX has dropped to 0.37 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
HWLIX vs. HDCTX — Risk / Return Rank
HWLIX
HDCTX
HWLIX vs. HDCTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Rational Equity Armor Fund (HDCTX). 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 | HDCTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.94 | +0.46 |
| Martin ratioReturn relative to average drawdown | 10.47 | 7.62 | +2.85 |
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Drawdowns
HWLIX vs. HDCTX - Drawdown Comparison
The maximum HWLIX drawdown since its inception was -70.48%, which is greater than HDCTX's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for HWLIX and HDCTX.
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Drawdown Indicators
| HWLIX | HDCTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -59.05% | -11.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.95% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -11.74% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -18.22% | -6.47% |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | -19.43% | -27.29% |
Current DrawdownCurrent decline from peak | -4.21% | -2.40% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -6.40% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.67% | -0.62% |
Volatility
HWLIX vs. HDCTX - Volatility Comparison
Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a higher volatility of 4.21% compared to Rational Equity Armor Fund (HDCTX) at 2.72%. This indicates that HWLIX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWLIX | HDCTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.72% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 7.08% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 9.62% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 10.66% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 11.55% | +9.98% |
HWLIX vs. HDCTX - Expense Ratio Comparison
HWLIX has a 0.95% expense ratio, which is lower than HDCTX's 1.17% expense ratio.
Dividends
HWLIX vs. HDCTX - Dividend Comparison
HWLIX's dividend yield for the trailing twelve months is around 7.72%, more than HDCTX's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDCTX Rational Equity Armor Fund | 0.19% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
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 HDCTX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWLIX has higher volatility (4.21%) compared to HDCTX (2.72%). In terms of maximum drawdown, HWLIX dropped -70.48% vs HDCTX's -59.05%.
HDCTX currently has the higher Sharpe Ratio (2.13 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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