HWNIX vs. HWLIX
HWNIX (Hotchkis & Wiley International Value Fund) and HWLIX (Hotchkis & Wiley Large Cap Value Fund) are both mutual funds - HWNIX is a Foreign Large Cap Equities fund managed by Hotchkis & Wiley, while HWLIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWNIX returned 11.69%/yr vs 12.27%/yr for HWLIX. Their correlation of 0.80 means they have usually moved in the same direction. Both charge a 0.95% expense ratio.
Performance
HWNIX vs. HWLIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HWNIX achieves a 17.98% return, which is significantly higher than HWLIX's 11.63% return. Both investments have delivered pretty close results over the past 10 years, with HWNIX having a 11.69% annualized return and HWLIX not far ahead at 12.27%.
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%
HWLIX
- 1D
- -1.34%
- 1M
- 3.14%
- 6M
- 9.75%
- YTD
- 11.63%
- 1Y
- 27.83%
- 3Y*
- 15.75%
- 5Y*
- 11.61%
- 10Y*
- 12.27%
- ALL TIME*
- 8.64%
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. HWLIX - 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% |
HWLIX Hotchkis & Wiley Large Cap Value Fund | 11.63% | 18.06% | 12.80% | 16.92% | -5.31% | 28.86% | -0.29% | 29.16% | -14.26% | 18.85% |
Correlation
The correlation between HWNIX and HWLIX is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
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 HWLIX has dropped to 0.58 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HWNIX vs. HWLIX — Risk / Return Rank
HWNIX
HWLIX
HWNIX vs. HWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley International Value Fund (HWNIX) and Hotchkis & Wiley Large Cap Value Fund (HWLIX). 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 | HWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.95 | -1.14 |
| Martin ratioReturn relative to average drawdown | 10.99 | 12.25 | -1.25 |
Loading charts...
Drawdowns
HWNIX vs. HWLIX - Drawdown Comparison
The maximum HWNIX drawdown since its inception was -48.97%, smaller than the maximum HWLIX drawdown of -70.48%. Use the drawdown chart below to compare losses from any high point for HWNIX and HWLIX.
Loading charts...
Drawdown Indicators
| HWNIX | HWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.97% | -70.48% | +21.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.33% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.93% | -16.82% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -24.69% | -4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -48.97% | -46.72% | -2.25% |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -10.49% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.04% | +0.93% |
Volatility
HWNIX vs. HWLIX - Volatility Comparison
The current volatility for Hotchkis & Wiley International Value Fund (HWNIX) is 3.85%, while Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a volatility of 4.74%. This indicates that HWNIX experiences smaller price fluctuations and is considered to be less risky than HWLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HWNIX | HWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.74% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.66% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 13.39% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 18.04% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 21.39% | -1.76% |
HWNIX vs. HWLIX - Expense Ratio Comparison
Both HWNIX and HWLIX have an expense ratio of 0.95%.
Dividends
HWNIX vs. HWLIX - Dividend Comparison
HWNIX's dividend yield for the trailing twelve months is around 23.67%, more than HWLIX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWLIX Hotchkis & Wiley Large Cap Value Fund | 7.27% | 8.12% | 11.29% | 11.12% | 8.48% | 0.86% | 1.65% | 1.62% | 3.55% | 1.67% | 1.94% | 1.59% |
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 HWLIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWLIX has higher volatility (4.74%) compared to HWNIX (3.85%). In terms of maximum drawdown, HWNIX dropped -48.97% vs HWLIX's -70.48%.
HWNIX currently has the higher Sharpe Ratio (2.21 vs 1.87), 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.
Find the right allocation for HWNIX and HWLIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer