HWMIX vs. KMDIX

Last updated Jun 3, 2026

HWMIX (Hotchkis & Wiley Mid-Cap Value Fund) and KMDIX (Keeley Mid Cap Dividend Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, HWMIX returned 9.73%/yr vs 9.83%/yr for KMDIX. Their correlation of 0.89 suggests significant overlap in exposure. HWMIX charges 1.01%/yr vs 0.95%/yr for KMDIX.

Performance

HWMIX vs. KMDIX - Performance Comparison

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

Returns By Period

In the year-to-date period, HWMIX achieves a 15.24% return, which is significantly higher than KMDIX's 9.67% return. Both investments have delivered pretty close results over the past 10 years, with HWMIX having a 9.73% annualized return and KMDIX not far ahead at 9.83%.

HWMIX

• 1D: 1.53%
• 1M: 1.16%
• YTD: 15.24%
• 6M: 17.53%
• 1Y: 34.54%
• 3Y*: 15.24%
• 5Y*: 9.76%
• 10Y*: 9.73%

KMDIX

• 1D: -0.63%
• 1M: -1.28%
• YTD: 9.67%
• 6M: 9.16%
• 1Y: 17.80%
• 3Y*: 15.58%
• 5Y*: 8.34%
• 10Y*: 9.83%

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

HWMIX vs. KMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWMIX Hotchkis & Wiley Mid-Cap Value Fund	15.24%	7.87%	3.62%	19.87%	1.63%	39.18%	0.49%	12.97%	-19.32%	7.69%
KMDIX Keeley Mid Cap Dividend Value Fund	9.67%	9.35%	14.71%	12.72%	-5.27%	24.84%	-1.56%	25.93%	-12.60%	15.98%

Correlation

The correlation between HWMIX and KMDIX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011	0.89

The correlation between HWMIX and KMDIX shifts across timeframes, from 0.74 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HWMIX vs. KMDIX — Risk / Return Rank

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

HWMIX

HWMIX Risk / Return Rank: 62
HWMIX Sharpe Ratio Rank: 51
HWMIX Sortino Ratio Rank: 51
HWMIX Omega Ratio Rank: 49
HWMIX Calmar Ratio Rank: 90
HWMIX Martin Ratio Rank: 68

KMDIX

KMDIX Risk / Return Rank: 18
KMDIX Sharpe Ratio Rank: 16
KMDIX Sortino Ratio Rank: 17
KMDIX Omega Ratio Rank: 16
KMDIX Calmar Ratio Rank: 19
KMDIX Martin Ratio Rank: 22

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. KMDIX - Risk-Adjusted Trends Comparison

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

	HWMIX	KMDIX	Difference
Sharpe ratio Return per unit of total volatility	2.12	1.15	+0.98
Sortino ratio Return per unit of downside risk	3.01	1.74	+1.26
Omega ratio Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio Return relative to maximum drawdown	4.67	1.63	+3.04
Martin ratio Return relative to average drawdown	13.14	5.85	+7.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HWMIX vs. KMDIX - Sharpe Ratio Comparison

The current HWMIX Sharpe Ratio is 2.12, which is higher than the KMDIX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of HWMIX and KMDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HWMIX	KMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.15	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.45	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.19	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.27	+0.21

Drawdowns

HWMIX vs. KMDIX - Drawdown Comparison

The maximum HWMIX drawdown since its inception was -69.84%, roughly equal to the maximum KMDIX drawdown of -73.51%. Use the drawdown chart below to compare losses from any high point for HWMIX and KMDIX.

Drawdown Indicators

	HWMIX	KMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.84%	-73.51%	+3.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-10.56%	+3.40%
Max Drawdown (3Y) Largest decline over 3 years	-25.90%	-21.22%	-4.68%
Max Drawdown (5Y) Largest decline over 5 years	-25.90%	-21.22%	-4.68%
Max Drawdown (10Y) Largest decline over 10 years	-63.21%	-73.51%	+10.30%
Current Drawdown Current decline from peak	0.00%	-10.72%	+10.72%
Average Drawdown Average peak-to-trough decline	-10.83%	-26.17%	+15.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.94%	-0.40%

Volatility

HWMIX vs. KMDIX - Volatility Comparison

The current volatility for Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) is 3.49%, while Keeley Mid Cap Dividend Value Fund (KMDIX) has a volatility of 4.18%. This indicates that HWMIX experiences smaller price fluctuations and is considered to be less risky than KMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWMIX	KMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	4.18%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	10.88%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	15.40%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.19%	18.47%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.56%	52.56%	-27.00%

HWMIX vs. KMDIX - Expense Ratio Comparison

HWMIX has a 1.01% expense ratio, which is higher than KMDIX's 0.95% expense ratio.

Dividends

HWMIX vs. KMDIX - Dividend Comparison

HWMIX's dividend yield for the trailing twelve months is around 1.21%, less than KMDIX's 5.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWMIX Hotchkis & Wiley Mid-Cap Value Fund	1.21%	1.39%	1.15%	0.28%	0.49%	1.28%	2.25%	1.60%	2.99%	6.72%	1.53%	14.67%
KMDIX Keeley Mid Cap Dividend Value Fund	5.04%	6.03%	7.73%	5.40%	4.38%	1.14%	1.48%	2.42%	4.72%	0.82%	1.00%	5.46%

Frequently Asked Questions

Can I hold both HWMIX and KMDIX in my portfolio?

HWMIX and KMDIX have a correlation of 0.74, 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 KMDIX?

KMDIX has higher volatility (4.18%) compared to HWMIX (3.49%). In terms of maximum drawdown, HWMIX dropped -69.84% vs KMDIX's -73.51%.

Which has better risk-adjusted returns?

HWMIX currently has the higher Sharpe Ratio (2.12 vs 1.15), 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.