HWNIX vs. GTMIX
Compare and contrast key facts about Hotchkis & Wiley International Value Fund (HWNIX) and GMO Tax-Managed International Equities Fund (GTMIX).
HWNIX is managed by Hotchkis & Wiley. It was launched on Dec 30, 2015. GTMIX is managed by GMO. It was launched on Jul 28, 1998.
Performance
HWNIX vs. GTMIX - Performance Comparison
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HWNIX vs. GTMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | -0.59% | 41.40% | 5.92% | 22.98% | -5.40% | 18.12% | -2.36% | 20.53% | -18.77% | 18.13% |
GTMIX GMO Tax-Managed International Equities Fund | 5.80% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
Returns By Period
In the year-to-date period, HWNIX achieves a -0.59% return, which is significantly lower than GTMIX's 5.80% return. Both investments have delivered pretty close results over the past 10 years, with HWNIX having a 9.88% annualized return and GTMIX not far behind at 9.60%.
HWNIX
- 1D
- 0.30%
- 1M
- -10.33%
- YTD
- -0.59%
- 6M
- 6.22%
- 1Y
- 26.19%
- 3Y*
- 19.00%
- 5Y*
- 13.03%
- 10Y*
- 9.88%
GTMIX
- 1D
- 0.35%
- 1M
- -6.82%
- YTD
- 5.80%
- 6M
- 15.97%
- 1Y
- 37.75%
- 3Y*
- 19.28%
- 5Y*
- 11.05%
- 10Y*
- 9.60%
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HWNIX vs. GTMIX - Expense Ratio Comparison
HWNIX has a 0.95% expense ratio, which is higher than GTMIX's 0.68% expense ratio.
Return for Risk
HWNIX vs. GTMIX — Risk / Return Rank
HWNIX
GTMIX
HWNIX vs. GTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley International Value Fund (HWNIX) and GMO Tax-Managed International Equities Fund (GTMIX). 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.
| HWNIX | GTMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.38 | -0.88 |
Sortino ratioReturn per unit of downside risk | 2.02 | 3.06 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.92 | -0.99 |
Martin ratioReturn relative to average drawdown | 7.74 | 14.29 | -6.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HWNIX | GTMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.38 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.75 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.60 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.39 | +0.09 |
Correlation
The correlation between HWNIX and GTMIX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HWNIX vs. GTMIX - Dividend Comparison
HWNIX's dividend yield for the trailing twelve months is around 17.00%, less than GTMIX's 21.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | 17.00% | 16.90% | 13.76% | 8.40% | 3.20% | 1.46% | 1.21% | 3.77% | 7.96% | 5.89% | 3.90% | 0.00% |
GTMIX GMO Tax-Managed International Equities Fund | 21.21% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
Drawdowns
HWNIX vs. GTMIX - Drawdown Comparison
The maximum HWNIX drawdown since its inception was -48.97%, smaller than the maximum GTMIX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for HWNIX and GTMIX.
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Drawdown Indicators
| HWNIX | GTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -58.31% | +9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -11.24% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -28.81% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -48.97% | -40.32% | -8.65% |
Current DrawdownCurrent decline from peak | -10.51% | -6.82% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -8.09% | -12.75% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.46% | +0.59% |
Volatility
HWNIX vs. GTMIX - Volatility Comparison
Hotchkis & Wiley International Value Fund (HWNIX) has a higher volatility of 6.60% compared to GMO Tax-Managed International Equities Fund (GTMIX) at 5.33%. This indicates that HWNIX's price experiences larger fluctuations and is considered to be riskier than GTMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWNIX | GTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.33% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 9.28% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 15.41% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 14.87% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 16.05% | +3.88% |