HWNIX vs. HWGIX
HWNIX (Hotchkis & Wiley International Value Fund) and HWGIX (Hotchkis & Wiley Global Value Fund) are both mutual funds - HWNIX is a Foreign Large Cap Equities fund managed by Hotchkis & Wiley, while HWGIX is a Global Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWNIX returned 11.06%/yr vs 11.01%/yr for HWGIX. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
HWNIX vs. HWGIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWNIX achieves a 12.63% return, which is significantly higher than HWGIX's 4.78% return. Both investments have delivered pretty close results over the past 10 years, with HWNIX having a 11.06% annualized return and HWGIX not far behind at 11.01%.
HWNIX
- 1D
- 0.39%
- 1M
- 1.05%
- YTD
- 12.63%
- 6M
- 13.29%
- 1Y
- 30.07%
- 3Y*
- 22.10%
- 5Y*
- 14.85%
- 10Y*
- 11.06%
HWGIX
- 1D
- -0.18%
- 1M
- -0.30%
- YTD
- 4.78%
- 6M
- 4.72%
- 1Y
- 17.69%
- 3Y*
- 17.36%
- 5Y*
- 11.30%
- 10Y*
- 11.01%
HWNIX vs. HWGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWNIX Hotchkis & Wiley International Value Fund | 12.63% | 41.40% | 5.92% | 22.98% | -5.40% | 18.12% | -2.36% | 20.53% | -18.77% | 18.13% |
HWGIX Hotchkis & Wiley Global Value Fund | 4.78% | 23.76% | 9.46% | 28.00% | -11.65% | 26.67% | -0.59% | 24.57% | -16.08% | 16.73% |
Correlation
The correlation between HWNIX and HWGIX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.91 |
The correlation between HWNIX and HWGIX has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
HWNIX vs. HWGIX — Risk / Return Rank
HWNIX
HWGIX
HWNIX vs. HWGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley International Value Fund (HWNIX) 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.
| HWNIX | HWGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.79 | +0.77 |
| Martin ratioReturn relative to average drawdown | 9.89 | 6.02 | +3.88 |
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Drawdowns
HWNIX vs. HWGIX - Drawdown Comparison
The maximum HWNIX drawdown since its inception was -48.97%, roughly equal to the maximum HWGIX drawdown of -46.71%. Use the drawdown chart below to compare losses from any high point for HWNIX and HWGIX.
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Drawdown Indicators
| HWNIX | HWGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -46.71% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -9.83% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -14.17% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -28.63% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -48.97% | -46.71% | -2.26% |
Current DrawdownCurrent decline from peak | -1.86% | -3.01% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -6.67% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.92% | +0.09% |
Volatility
HWNIX vs. HWGIX - Volatility Comparison
Hotchkis & Wiley International Value Fund (HWNIX) has a higher volatility of 5.03% compared to Hotchkis & Wiley Global Value Fund (HWGIX) at 4.33%. This indicates that HWNIX's price experiences larger fluctuations and is considered to be riskier than HWGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWNIX | HWGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.33% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 9.59% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 12.95% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 17.48% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 20.65% | -0.67% |
HWNIX vs. HWGIX - Expense Ratio Comparison
Both HWNIX and HWGIX have an expense ratio of 0.95%.
Dividends
HWNIX vs. HWGIX - Dividend Comparison
HWNIX's dividend yield for the trailing twelve months is around 15.01%, more than HWGIX's 9.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWGIX Hotchkis & Wiley Global Value Fund | 9.19% | 9.63% | 15.10% | 11.01% | 3.92% | 0.68% | 1.49% | 2.56% | 10.34% | 5.50% | 0.80% | 7.06% |
HWNIX Hotchkis & Wiley International Value Fund | 15.01% | 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 HWGIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWNIX has higher volatility (5.03%) compared to HWGIX (4.33%). In terms of maximum drawdown, HWNIX dropped -48.97% vs HWGIX's -46.71%.
HWNIX currently has the higher Sharpe Ratio (2.01 vs 1.36), 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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