HWSAX vs. VESMX
Compare and contrast key facts about Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) and VELA Small Cap Fund (VESMX).
HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000. VESMX is managed by VELA Funds. It was launched on Sep 29, 2020.
Performance
HWSAX vs. VESMX - Performance Comparison
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HWSAX vs. VESMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 9.00% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | 27.40% |
VESMX VELA Small Cap Fund | 0.20% | 8.12% | 10.77% | 11.22% | -5.53% | 31.60% | 21.26% |
Returns By Period
In the year-to-date period, HWSAX achieves a 9.00% return, which is significantly higher than VESMX's 0.20% return.
HWSAX
- 1D
- 1.75%
- 1M
- 0.95%
- YTD
- 9.00%
- 6M
- 7.38%
- 1Y
- 18.60%
- 3Y*
- 10.15%
- 5Y*
- 9.03%
- 10Y*
- 9.96%
VESMX
- 1D
- 1.79%
- 1M
- -5.61%
- YTD
- 0.20%
- 6M
- 6.44%
- 1Y
- 13.81%
- 3Y*
- 10.24%
- 5Y*
- 5.98%
- 10Y*
- —
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HWSAX vs. VESMX - Expense Ratio Comparison
HWSAX has a 1.21% expense ratio, which is higher than VESMX's 1.20% expense ratio.
Return for Risk
HWSAX vs. VESMX — Risk / Return Rank
HWSAX
VESMX
HWSAX vs. VESMX - 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 VELA Small Cap Fund (VESMX). 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 | VESMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.74 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.16 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.10 | +0.07 |
Martin ratioReturn relative to average drawdown | 4.34 | 4.08 | +0.26 |
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 | VESMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.74 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.34 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.76 | -0.28 |
Correlation
The correlation between HWSAX and VESMX is 0.92, 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. VESMX - Dividend Comparison
HWSAX's dividend yield for the trailing twelve months is around 0.64%, less than VESMX's 1.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.64% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
VESMX VELA Small Cap Fund | 1.01% | 1.01% | 0.22% | 0.66% | 0.69% | 0.98% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HWSAX vs. VESMX - Drawdown Comparison
The maximum HWSAX drawdown since its inception was -72.14%, which is greater than VESMX's maximum drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for HWSAX and VESMX.
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Drawdown Indicators
| HWSAX | VESMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.14% | -20.35% | -51.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -12.74% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -20.35% | -6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -53.82% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -6.56% | +5.47% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -4.58% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 3.43% | +1.00% |
Volatility
HWSAX vs. VESMX - Volatility Comparison
The current volatility for Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) is 4.45%, while VELA Small Cap Fund (VESMX) has a volatility of 5.12%. This indicates that HWSAX experiences smaller price fluctuations and is considered to be less risky than VESMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWSAX | VESMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 5.12% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 10.15% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.99% | 19.01% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 17.52% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 18.35% | +6.30% |