HWNIX vs. HWCIX
HWNIX (Hotchkis & Wiley International Value Fund) and HWCIX (Hotchkis & Wiley Diversified Value Fund) are both mutual funds - HWNIX is a Foreign Large Cap Equities fund managed by Hotchkis & Wiley, while HWCIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWNIX returned 11.69%/yr vs 13.02%/yr for HWCIX. Their correlation of 0.80 means they have usually moved in the same direction. HWNIX charges 0.95%/yr vs 0.80%/yr for HWCIX.
Performance
HWNIX vs. HWCIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWNIX achieves a 17.98% return, which is significantly higher than HWCIX's 12.22% return. Over the past 10 years, HWNIX has underperformed HWCIX with an annualized return of 11.69%, while HWCIX has yielded a comparatively higher 13.02% annualized return.
HWNIX
- 1D
- 1.86%
- 1M
- 3.35%
- 6M
- 12.22%
- YTD
- 17.98%
- 1Y
- 34.70%
- 3Y*
- 22.36%
- 5Y*
- 16.55%
- 10Y*
- 11.69%
- ALL TIME*
- 11.12%
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 |
HWNIX vs. HWCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | 17.98% | 41.40% | 5.92% | 22.98% | -5.40% | 18.12% | -2.36% | 20.53% | -18.77% | 18.13% |
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 HWNIX and HWCIX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.80 |
Over the past year, the correlation between HWNIX and HWCIX has dropped to 0.59 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
HWNIX vs. HWCIX — Risk / Return Rank
HWNIX
HWCIX
HWNIX vs. HWCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley International Value Fund (HWNIX) 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.
| HWNIX | HWCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.86 | -1.05 |
| Martin ratioReturn relative to average drawdown | 10.99 | 12.03 | -1.04 |
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Drawdowns
HWNIX vs. HWCIX - Drawdown Comparison
The maximum HWNIX drawdown since its inception was -48.97%, smaller than the maximum HWCIX drawdown of -69.74%. Use the drawdown chart below to compare losses from any high point for HWNIX and HWCIX.
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Drawdown Indicators
| HWNIX | HWCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -69.74% | +20.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.33% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -16.52% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -23.62% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -48.97% | -47.31% | -1.66% |
Current DrawdownCurrent decline from peak | 0.00% | -0.94% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -12.27% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.04% | +0.93% |
Volatility
HWNIX vs. HWCIX - Volatility Comparison
The current volatility for Hotchkis & Wiley International Value Fund (HWNIX) is 3.85%, while Hotchkis & Wiley Diversified Value Fund (HWCIX) has a volatility of 4.46%. This indicates that HWNIX experiences smaller price fluctuations and is considered to be less risky 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
| HWNIX | HWCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.46% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.45% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 13.18% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 17.99% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 21.47% | -1.84% |
HWNIX vs. HWCIX - Expense Ratio Comparison
HWNIX has a 0.95% expense ratio, which is higher than HWCIX's 0.80% expense ratio.
Dividends
HWNIX vs. HWCIX - Dividend Comparison
HWNIX's dividend yield for the trailing twelve months is around 23.67%, more 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% |
HWNIX Hotchkis & Wiley International Value Fund | 23.67% | 16.90% | 13.76% | 8.40% | 3.20% | 1.46% | 1.21% | 3.77% | 7.96% | 5.89% | 3.90% | 0.00% |
Frequently Asked Questions
HWNIX and HWCIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWCIX has higher volatility (4.46%) compared to HWNIX (3.85%). In terms of maximum drawdown, HWNIX dropped -48.97% vs HWCIX's -69.74%.
HWNIX currently has the higher Sharpe Ratio (2.21 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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