HWLIX vs. HWCIX
HWLIX (Hotchkis & Wiley Large Cap Value Fund) and HWCIX (Hotchkis & Wiley Diversified Value Fund) are both Large Cap Value Equities funds from Hotchkis & Wiley. Over the past 10 years, HWLIX returned 12.27%/yr vs 13.02%/yr for HWCIX. Their 0.99 correlation means they have historically moved very closely together. HWLIX charges 0.95%/yr vs 0.80%/yr for HWCIX.
Performance
HWLIX vs. HWCIX - 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 HWCIX's 12.22% return. Over the past 10 years, HWLIX has underperformed HWCIX with an annualized return of 12.27%, while HWCIX has yielded a comparatively higher 13.02% annualized 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%
HWCIX
- 1D
- -0.94%
- 1M
- 3.76%
- 6M
- 10.42%
- YTD
- 12.22%
- 1Y
- 27.56%
- 3Y*
- 15.61%
- 5Y*
- 12.35%
- 10Y*
- 13.02%
- ALL TIME*
- 9.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HWLIX vs. HWCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWLIX Hotchkis & Wiley Large Cap Value Fund | 11.63% | 18.06% | 12.80% | 16.92% | -5.31% | 28.86% | -0.29% | 29.16% | -14.26% | 18.85% |
HWCIX Hotchkis & Wiley Diversified Value Fund | 12.22% | 17.09% | 12.80% | 19.01% | -4.35% | 32.46% | 0.42% | 29.30% | -14.74% | 18.37% |
Correlation
The correlation between HWLIX and HWCIX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2004 | 0.99 |
The correlation between HWLIX and HWCIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
HWLIX vs. HWCIX — Risk / Return Rank
HWLIX
HWCIX
HWLIX vs. HWCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Hotchkis & Wiley Diversified Value Fund (HWCIX). 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 | HWCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 3.86 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.25 | 12.03 | +0.22 |
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Drawdowns
HWLIX vs. HWCIX - Drawdown Comparison
The maximum HWLIX drawdown since its inception was -70.48%, roughly equal to the maximum HWCIX drawdown of -69.74%. Use the drawdown chart below to compare losses from any high point for HWLIX and HWCIX.
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Drawdown Indicators
| HWLIX | HWCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -69.74% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.33% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -16.52% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -23.62% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | -47.31% | +0.59% |
Current DrawdownCurrent decline from peak | -1.34% | -0.94% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -12.27% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.04% | 0.00% |
Volatility
HWLIX vs. HWCIX - Volatility Comparison
Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a higher volatility of 4.74% compared to Hotchkis & Wiley Diversified Value Fund (HWCIX) at 4.46%. This indicates that HWLIX's price experiences larger fluctuations and is considered to be riskier than HWCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWLIX | HWCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.46% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 9.45% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 13.18% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 17.99% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 21.47% | -0.08% |
HWLIX vs. HWCIX - Expense Ratio Comparison
HWLIX has a 0.95% expense ratio, which is higher than HWCIX's 0.80% expense ratio.
Dividends
HWLIX vs. HWCIX - Dividend Comparison
HWLIX's dividend yield for the trailing twelve months is around 7.27%, less than HWCIX's 9.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWCIX Hotchkis & Wiley Diversified Value Fund | 9.93% | 11.15% | 13.85% | 1.56% | 1.12% | 1.10% | 1.99% | 1.82% | 1.62% | 1.82% | 5.17% | 1.49% |
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
With a correlation of 1.00, HWLIX and HWCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HWLIX has higher volatility (4.74%) compared to HWCIX (4.46%). In terms of maximum drawdown, HWLIX dropped -70.48% vs HWCIX's -69.74%.
HWLIX currently has the higher Sharpe Ratio (1.87 vs 1.86), 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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