HWMIX vs. BERCX

Last updated Jun 24, 2026

HWMIX (Hotchkis & Wiley Mid-Cap Value Fund) and BERCX (Chartwell Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, HWMIX returned 10.11%/yr vs 9.31%/yr for BERCX. Their correlation of 0.87 suggests significant overlap in exposure. HWMIX charges 1.01%/yr vs 0.90%/yr for BERCX.

Performance

HWMIX vs. BERCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) and Chartwell Mid Cap Value Fund (BERCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HWMIX having a 11.07% return and BERCX slightly lower at 11.04%. Over the past 10 years, HWMIX has outperformed BERCX with an annualized return of 10.11%, while BERCX has yielded a comparatively lower 9.31% annualized return.

HWMIX

• 1D: -0.05%
• 1M: -1.91%
• YTD: 11.07%
• 6M: 10.34%
• 1Y: 24.63%
• 3Y*: 14.62%
• 5Y*: 9.87%
• 10Y*: 10.11%

BERCX

• 1D: -0.22%
• 1M: 2.66%
• YTD: 11.04%
• 6M: 10.02%
• 1Y: 21.44%
• 3Y*: 13.56%
• 5Y*: 7.88%
• 10Y*: 9.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HWMIX vs. BERCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWMIX Hotchkis & Wiley Mid-Cap Value Fund	11.07%	7.87%	3.62%	19.87%	1.63%	39.18%	0.49%	12.97%	-19.32%	7.69%
BERCX Chartwell Mid Cap Value Fund	11.04%	11.77%	11.35%	6.93%	-11.61%	27.30%	-3.83%	23.31%	-10.92%	16.98%

Correlation

The correlation between HWMIX and BERCX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 13, 2002	0.87

The correlation between HWMIX and BERCX shifts across timeframes, from 0.73 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HWMIX vs. BERCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HWMIX

HWMIX Risk / Return Rank: 44
HWMIX Sharpe Ratio Rank: 32
HWMIX Sortino Ratio Rank: 32
HWMIX Omega Ratio Rank: 30
HWMIX Calmar Ratio Rank: 79
HWMIX Martin Ratio Rank: 48

BERCX

BERCX Risk / Return Rank: 29
BERCX Sharpe Ratio Rank: 27
BERCX Sortino Ratio Rank: 30
BERCX Omega Ratio Rank: 27
BERCX Calmar Ratio Rank: 31
BERCX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HWMIX vs. BERCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) and Chartwell Mid Cap Value Fund (BERCX). 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.

	HWMIX	BERCX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.37	+0.12
Sortino ratio: Return per unit of downside risk	2.18	2.10	+0.08
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	3.42	1.97	+1.44
Martin ratio: Return relative to average drawdown	9.41	6.67	+2.74

HWMIX vs. BERCX - Sharpe Ratio Comparison

The current HWMIX Sharpe Ratio is 1.50, which is comparable to the BERCX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of HWMIX and BERCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HWMIX vs. BERCX - Drawdown Comparison

The maximum HWMIX drawdown since its inception was -69.84%, which is greater than BERCX's maximum drawdown of -52.71%. Use the drawdown chart below to compare losses from any high point for HWMIX and BERCX.

Drawdown Indicators

	HWMIX	BERCX	Difference
Max Drawdown Largest peak-to-trough decline	-69.84%	-52.71%	-17.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-11.45%	+4.29%
Max Drawdown (3Y) Largest decline over 3 years	-25.90%	-19.57%	-6.33%
Max Drawdown (5Y) Largest decline over 5 years	-25.90%	-22.04%	-3.86%
Max Drawdown (10Y) Largest decline over 10 years	-63.21%	-42.41%	-20.80%
Current Drawdown Current decline from peak	-4.52%	-0.80%	-3.72%
Average Drawdown Average peak-to-trough decline	-10.82%	-7.52%	-3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	3.38%	-0.79%

Volatility

HWMIX vs. BERCX - Volatility Comparison

The current volatility for Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) is 4.25%, while Chartwell Mid Cap Value Fund (BERCX) has a volatility of 4.65%. This indicates that HWMIX experiences smaller price fluctuations and is considered to be less risky than BERCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWMIX	BERCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.65%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	12.26%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	16.49%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.11%	17.35%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.53%	19.25%	+6.28%

HWMIX vs. BERCX - Expense Ratio Comparison

HWMIX has a 1.01% expense ratio, which is higher than BERCX's 0.90% expense ratio.

Dividends

HWMIX vs. BERCX - Dividend Comparison

HWMIX's dividend yield for the trailing twelve months is around 1.25%, less than BERCX's 11.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERCX Chartwell Mid Cap Value Fund	11.45%	12.71%	13.39%	3.20%	1.12%	0.60%	1.12%	2.08%	8.03%	23.00%	3.32%	0.92%
HWMIX Hotchkis & Wiley Mid-Cap Value Fund	1.25%	1.39%	1.15%	0.28%	0.49%	1.28%	2.25%	1.60%	2.99%	6.72%	1.53%	14.67%

Frequently Asked Questions

Can I hold both HWMIX and BERCX in my portfolio?

HWMIX and BERCX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWMIX or BERCX?

BERCX has higher volatility (4.65%) compared to HWMIX (4.25%). In terms of maximum drawdown, HWMIX dropped -69.84% vs BERCX's -52.71%.

Which has better risk-adjusted returns?

HWMIX currently has the higher Sharpe Ratio (1.50 vs 1.37), 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.