HWSIX vs. HWLIX
HWSIX (Hotchkis & Wiley Small Cap Value Fund) and HWLIX (Hotchkis & Wiley Large Cap Value Fund) are both mutual funds - HWSIX is a Small Cap Value Equities fund managed by Hotchkis & Wiley, while HWLIX is a Large Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWSIX returned 11.37%/yr vs 12.27%/yr for HWLIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. HWSIX charges 1.06%/yr vs 0.95%/yr for HWLIX.
Performance
HWSIX vs. HWLIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWSIX achieves a 26.00% return, which is significantly higher than HWLIX's 11.63% return. Over the past 10 years, HWSIX has underperformed HWLIX with an annualized return of 11.37%, while HWLIX has yielded a comparatively higher 12.27% annualized return.
HWSIX
- 1D
- -0.22%
- 1M
- 6.93%
- 6M
- 18.21%
- YTD
- 26.00%
- 1Y
- 32.64%
- 3Y*
- 12.17%
- 5Y*
- 12.32%
- 10Y*
- 11.37%
- ALL TIME*
- 9.84%
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 |
HWSIX vs. HWLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWSIX Hotchkis & Wiley Small Cap Value Fund | 26.00% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
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 HWSIX and HWLIX is 0.86, 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. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1987 | 0.79 |
The correlation between HWSIX and HWLIX shifts across timeframes, from 0.79 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HWSIX vs. HWLIX — Risk / Return Rank
HWSIX
HWLIX
HWSIX vs. HWLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Value Fund (HWSIX) 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.
| HWSIX | HWLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.95 | -1.05 |
| Martin ratioReturn relative to average drawdown | 9.79 | 12.25 | -2.45 |
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Drawdowns
HWSIX vs. HWLIX - Drawdown Comparison
The maximum HWSIX drawdown since its inception was -72.00%, roughly equal to the maximum HWLIX drawdown of -70.48%. Use the drawdown chart below to compare losses from any high point for HWSIX and HWLIX.
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Drawdown Indicators
| HWSIX | HWLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.00% | -70.48% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -6.33% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.92% | -16.82% | -10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.92% | -24.69% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -53.67% | -46.72% | -6.95% |
Current DrawdownCurrent decline from peak | -0.22% | -1.34% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -12.03% | -10.49% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.04% | +0.92% |
Volatility
HWSIX vs. HWLIX - Volatility Comparison
The current volatility for Hotchkis & Wiley Small Cap Value Fund (HWSIX) is 2.86%, while Hotchkis & Wiley Large Cap Value Fund (HWLIX) has a volatility of 4.74%. This indicates that HWSIX 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.
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Volatility by Period
| HWSIX | HWLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 4.74% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 9.66% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 13.39% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 18.04% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.51% | 21.39% | +3.12% |
HWSIX vs. HWLIX - Expense Ratio Comparison
HWSIX has a 1.06% expense ratio, which is higher than HWLIX's 0.95% expense ratio.
Dividends
HWSIX vs. HWLIX - Dividend Comparison
HWSIX's dividend yield for the trailing twelve months is around 0.80%, less 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% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.80% | 1.01% | 8.35% | 1.90% | 13.44% | 0.36% | 0.80% | 4.89% | 9.84% | 5.07% | 0.41% | 11.78% |
Frequently Asked Questions
HWSIX and HWLIX have a correlation of 0.86, 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 HWSIX (2.86%). In terms of maximum drawdown, HWSIX dropped -72.00% vs HWLIX's -70.48%.
HWLIX currently has the higher Sharpe Ratio (1.87 vs 1.76), 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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