HWSAX vs. TASCX
Compare and contrast key facts about Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) and Third Avenue Small Cap Value Fund (TASCX).
HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000. TASCX is managed by Third Avenue. It was launched on Apr 1, 1997.
Performance
HWSAX vs. TASCX - Performance Comparison
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HWSAX vs. TASCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 7.13% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
TASCX Third Avenue Small Cap Value Fund | 6.59% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
Returns By Period
In the year-to-date period, HWSAX achieves a 7.13% return, which is significantly higher than TASCX's 6.59% return. Both investments have delivered pretty close results over the past 10 years, with HWSAX having a 9.77% annualized return and TASCX not far ahead at 10.22%.
HWSAX
- 1D
- -0.30%
- 1M
- -0.14%
- YTD
- 7.13%
- 6M
- 5.59%
- 1Y
- 16.59%
- 3Y*
- 9.52%
- 5Y*
- 9.01%
- 10Y*
- 9.77%
TASCX
- 1D
- 0.00%
- 1M
- -3.17%
- YTD
- 6.59%
- 6M
- 11.59%
- 1Y
- 27.41%
- 3Y*
- 14.03%
- 5Y*
- 10.00%
- 10Y*
- 10.22%
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HWSAX vs. TASCX - Expense Ratio Comparison
HWSAX has a 1.21% expense ratio, which is higher than TASCX's 1.15% expense ratio.
Return for Risk
HWSAX vs. TASCX — Risk / Return Rank
HWSAX
TASCX
HWSAX vs. TASCX - 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 Third Avenue Small Cap Value Fund (TASCX). 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.
| HWSAX | TASCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.47 | -0.75 |
Sortino ratioReturn per unit of downside risk | 1.15 | 2.15 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.09 | -1.18 |
Martin ratioReturn relative to average drawdown | 3.37 | 8.93 | -5.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HWSAX | TASCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.47 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.39 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.42 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.46 | +0.01 |
Correlation
The correlation between HWSAX and TASCX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HWSAX vs. TASCX - Dividend Comparison
HWSAX's dividend yield for the trailing twelve months is around 0.65%, less than TASCX's 3.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.65% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
TASCX Third Avenue Small Cap Value Fund | 3.54% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
Drawdowns
HWSAX vs. TASCX - Drawdown Comparison
The maximum HWSAX drawdown since its inception was -72.14%, which is greater than TASCX's maximum drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for HWSAX and TASCX.
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Drawdown Indicators
| HWSAX | TASCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -58.55% | -13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -12.12% | -4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -30.26% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -53.82% | -40.45% | -13.37% |
Current DrawdownCurrent decline from peak | -2.78% | -4.60% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -8.66% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.83% | +1.60% |
Volatility
HWSAX vs. TASCX - Volatility Comparison
Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) has a higher volatility of 4.15% compared to Third Avenue Small Cap Value Fund (TASCX) at 3.87%. This indicates that HWSAX's price experiences larger fluctuations and is considered to be riskier than TASCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWSAX | TASCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.87% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 10.66% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.98% | 18.59% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.70% | 25.47% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 24.17% | +0.47% |