HWSAX vs. SCYVX

Last updated Aug 1, 2026

HWSAX (Hotchkis & Wiley Small Cap Value Fund Class A) and SCYVX (AB Small Cap Value Portfolio) are both Small Cap Value Equities funds. Over the past 10 years, HWSAX returned 11.13%/yr vs 9.08%/yr for SCYVX. Their correlation of 0.93 means they have usually moved in the same direction. HWSAX charges 1.21%/yr vs 0.92%/yr for SCYVX.

Performance

HWSAX vs. SCYVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) and AB Small Cap Value Portfolio (SCYVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HWSAX having a 25.83% return and SCYVX slightly higher at 26.17%. Over the past 10 years, HWSAX has outperformed SCYVX with an annualized return of 11.13%, while SCYVX has yielded a comparatively lower 9.08% annualized return.

HWSAX

• 1D: -0.23%
• 1M: 6.90%
• 6M: 18.08%
• YTD: 25.83%
• 1Y: 32.34%
• 3Y*: 11.92%
• 5Y*: 12.09%
• 10Y*: 11.13%
• ALL TIME*: 11.66%

SCYVX

• 1D: -0.34%
• 1M: -1.22%
• 6M: 16.68%
• YTD: 26.17%
• 1Y: 35.77%
• 3Y*: 12.76%
• 5Y*: 6.31%
• 10Y*: 9.08%
• ALL TIME*: 8.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A	$0.00	$0.00	$0.00
SCYVX AB Small Cap Value Portfolio	$0.00	$0.00	$0.00

HWSAX vs. SCYVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A	25.83%	1.38%	4.77%	18.56%	2.81%	35.32%	-0.50%	20.26%	-15.23%	7.39%
SCYVX AB Small Cap Value Portfolio	26.17%	-0.02%	11.46%	7.82%	-16.68%	35.56%	3.45%	25.72%	-16.43%	8.97%

Correlation

The correlation between HWSAX and SCYVX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.93

The correlation between HWSAX and SCYVX shifts across timeframes, from 0.81 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HWSAX vs. SCYVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HWSAX

HWSAX Risk / Return Rank: 76
HWSAX Sharpe Ratio Rank: 74
HWSAX Sortino Ratio Rank: 72
HWSAX Omega Ratio Rank: 72
HWSAX Calmar Ratio Rank: 84
HWSAX Martin Ratio Rank: 79

SCYVX

SCYVX Risk / Return Rank: 81
SCYVX Sharpe Ratio Rank: 77
SCYVX Sortino Ratio Rank: 78
SCYVX Omega Ratio Rank: 73
SCYVX Calmar Ratio Rank: 91
SCYVX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HWSAX vs. SCYVX - 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 AB Small Cap Value Portfolio (SCYVX). 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	SCYVX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.84	-0.10
Sortino ratio: Return per unit of downside risk	2.48	2.72	-0.24
Omega ratio: Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio: Return relative to maximum drawdown	2.86	3.57	-0.71
Martin ratio: Return relative to average drawdown	9.64	10.96	-1.32

HWSAX vs. SCYVX - Sharpe Ratio Comparison

The current HWSAX Sharpe Ratio is 1.75, which is comparable to the SCYVX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of HWSAX and SCYVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HWSAX vs. SCYVX - Drawdown Comparison

The maximum HWSAX drawdown since its inception was -72.14%, which is greater than SCYVX's maximum drawdown of -47.74%. Use the drawdown chart below to compare losses from any high point for HWSAX and SCYVX.

Drawdown Indicators

	HWSAX	SCYVX	Difference
Max Drawdown Largest peak-to-trough decline	-72.14%	-47.74%	-24.40%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-8.71%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-26.98%	-27.12%	+0.14%
Max Drawdown (5Y) Largest decline over 5 years	-26.98%	-29.12%	+2.14%
Max Drawdown (10Y) Largest decline over 10 years	-53.82%	-47.74%	-6.08%
Current Drawdown Current decline from peak	-0.23%	-2.46%	+2.23%
Average Drawdown Average peak-to-trough decline	-10.90%	-9.34%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.84%	+0.14%

Volatility

HWSAX vs. SCYVX - Volatility Comparison

The current volatility for Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) is 2.86%, while AB Small Cap Value Portfolio (SCYVX) has a volatility of 3.52%. This indicates that HWSAX experiences smaller price fluctuations and is considered to be less risky than SCYVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWSAX	SCYVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	3.52%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	10.99%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.58%	16.93%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.22%	21.52%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	23.90%	+0.59%

HWSAX vs. SCYVX - Expense Ratio Comparison

HWSAX has a 1.21% expense ratio, which is higher than SCYVX's 0.92% expense ratio.

Dividends

HWSAX vs. SCYVX - Dividend Comparison

HWSAX's dividend yield for the trailing twelve months is around 0.55%, less than SCYVX's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A	0.55%	0.69%	8.19%	1.79%	13.39%	0.22%	0.63%	4.62%	9.45%	4.80%	0.00%	11.67%
SCYVX AB Small Cap Value Portfolio	3.86%	4.87%	4.23%	0.52%	5.15%	7.39%	0.55%	5.37%	6.44%	5.67%	0.54%	0.52%

Frequently Asked Questions

Can I hold both HWSAX and SCYVX in my portfolio?

HWSAX and SCYVX 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.

Which is riskier, HWSAX or SCYVX?

SCYVX has higher volatility (3.52%) compared to HWSAX (2.86%). In terms of maximum drawdown, HWSAX dropped -72.14% vs SCYVX's -47.74%.

Which has better risk-adjusted returns?

SCYVX currently has the higher Sharpe Ratio (1.84 vs 1.75), 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.