HWLIX vs. HWGIX
HWLIX (Hotchkis & Wiley Large Cap Value Fund) and HWGIX (Hotchkis & Wiley Global Value Fund) are both mutual funds - HWLIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley, while HWGIX is a Global Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWLIX returned 12.22%/yr vs 11.62%/yr for HWGIX. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
HWLIX vs. HWGIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HWLIX having a 5.16% return and HWGIX slightly lower at 4.97%. Both investments have delivered pretty close results over the past 10 years, with HWLIX having a 12.22% annualized return and HWGIX not far behind at 11.62%.
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%
HWGIX
- 1D
- 0.18%
- 1M
- -0.12%
- YTD
- 4.97%
- 6M
- 4.84%
- 1Y
- 17.52%
- 3Y*
- 18.74%
- 5Y*
- 10.96%
- 10Y*
- 11.62%
HWLIX vs. HWGIX - 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% |
HWGIX Hotchkis & Wiley Global Value Fund | 4.97% | 23.76% | 9.46% | 28.00% | -11.65% | 26.67% | -0.59% | 24.57% | -16.08% | 16.73% |
Correlation
The correlation between HWLIX and HWGIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.95 |
The correlation between HWLIX and HWGIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
HWLIX vs. HWGIX — Risk / Return Rank
HWLIX
HWGIX
HWLIX vs. HWGIX - 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 Global Value Fund (HWGIX). 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 | HWGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.83 | +1.57 |
| Martin ratioReturn relative to average drawdown | 10.47 | 6.13 | +4.34 |
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Drawdowns
HWLIX vs. HWGIX - Drawdown Comparison
The maximum HWLIX drawdown since its inception was -70.48%, which is greater than HWGIX's maximum drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for HWLIX and HWGIX.
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Drawdown Indicators
| HWLIX | HWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.48% | -46.71% | -23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -9.83% | +3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -14.17% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -28.63% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -46.72% | -46.71% | -0.01% |
Current DrawdownCurrent decline from peak | -4.21% | -2.83% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -6.67% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.93% | -0.88% |
Volatility
HWLIX vs. HWGIX - Volatility Comparison
Hotchkis & Wiley Large Cap Value Fund (HWLIX) and Hotchkis & Wiley Global Value Fund (HWGIX) have volatilities of 4.21% and 4.25%, 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 | HWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.25% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 9.59% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 12.97% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 17.47% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 20.64% | +0.89% |
HWLIX vs. HWGIX - Expense Ratio Comparison
Both HWLIX and HWGIX have an expense ratio of 0.95%.
Dividends
HWLIX vs. HWGIX - Dividend Comparison
HWLIX's dividend yield for the trailing twelve months is around 7.72%, less than HWGIX's 9.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWGIX Hotchkis & Wiley Global Value Fund | 9.18% | 9.63% | 15.10% | 11.01% | 3.92% | 0.68% | 1.49% | 2.56% | 10.34% | 5.50% | 0.80% | 7.06% |
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
With a correlation of 0.92, HWLIX and HWGIX 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.
HWGIX has higher volatility (4.25%) compared to HWLIX (4.21%). In terms of maximum drawdown, HWLIX dropped -70.48% vs HWGIX's -46.71%.
HWLIX currently has the higher Sharpe Ratio (1.62 vs 1.39), 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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