HWSAX vs. JSIVX
HWSAX (Hotchkis & Wiley Small Cap Value Fund Class A) and JSIVX (Janus Henderson Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, HWSAX returned 10.59%/yr vs 9.21%/yr for JSIVX. Their correlation of 0.92 suggests significant overlap in exposure. HWSAX charges 1.21%/yr vs 0.81%/yr for JSIVX.
Performance
HWSAX vs. JSIVX - Performance Comparison
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Returns By Period
In the year-to-date period, HWSAX achieves a 15.33% return, which is significantly higher than JSIVX's 12.51% return. Over the past 10 years, HWSAX has outperformed JSIVX with an annualized return of 10.59%, while JSIVX has yielded a comparatively lower 9.21% annualized return.
HWSAX
- 1D
- 0.13%
- 1M
- 0.91%
- YTD
- 15.33%
- 6M
- 13.40%
- 1Y
- 23.67%
- 3Y*
- 11.09%
- 5Y*
- 10.19%
- 10Y*
- 10.59%
JSIVX
- 1D
- 1.37%
- 1M
- 1.74%
- YTD
- 12.51%
- 6M
- 9.98%
- 1Y
- 29.61%
- 3Y*
- 15.48%
- 5Y*
- 8.92%
- 10Y*
- 9.21%
HWSAX vs. JSIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 15.33% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
JSIVX Janus Henderson Small Cap Value Fund | 12.51% | 7.86% | 15.40% | 13.47% | -9.75% | 22.89% | -6.64% | 26.31% | -13.05% | 12.91% |
Correlation
The correlation between HWSAX and JSIVX is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2000 | 0.92 |
The correlation between HWSAX and JSIVX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
HWSAX vs. JSIVX — Risk / Return Rank
HWSAX
JSIVX
HWSAX vs. JSIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) and Janus Henderson Small Cap Value Fund (JSIVX). 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.
| HWSAX | JSIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.90 | -0.53 |
| Martin ratioReturn relative to average drawdown | 7.77 | 10.47 | -2.71 |
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Drawdowns
HWSAX vs. JSIVX - Drawdown Comparison
The maximum HWSAX drawdown since its inception was -72.14%, which is greater than JSIVX's maximum drawdown of -46.98%. Use the drawdown chart below to compare losses from any high point for HWSAX and JSIVX.
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Drawdown Indicators
| HWSAX | JSIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -46.98% | -25.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -10.32% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.98% | -24.24% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -24.24% | -2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -53.82% | -40.58% | -13.24% |
Current DrawdownCurrent decline from peak | -2.59% | -0.90% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -9.16% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.85% | +0.22% |
Volatility
HWSAX vs. JSIVX - Volatility Comparison
The current volatility for Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) is 3.98%, while Janus Henderson Small Cap Value Fund (JSIVX) has a volatility of 4.33%. This indicates that HWSAX experiences smaller price fluctuations and is considered to be less risky than JSIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWSAX | JSIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.33% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 11.02% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 16.27% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 20.45% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 21.13% | +3.48% |
HWSAX vs. JSIVX - Expense Ratio Comparison
HWSAX has a 1.21% expense ratio, which is higher than JSIVX's 0.81% expense ratio.
Dividends
HWSAX vs. JSIVX - Dividend Comparison
HWSAX's dividend yield for the trailing twelve months is around 0.60%, less than JSIVX's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.60% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
JSIVX Janus Henderson Small Cap Value Fund | 3.62% | 4.07% | 20.33% | 5.34% | 4.94% | 1.84% | 1.15% | 1.11% | 8.15% | 8.74% | 3.76% | 14.24% |
Frequently Asked Questions
HWSAX and JSIVX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JSIVX has higher volatility (4.33%) compared to HWSAX (3.98%). In terms of maximum drawdown, HWSAX dropped -72.14% vs JSIVX's -46.98%.
JSIVX currently has the higher Sharpe Ratio (1.84 vs 1.39), 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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