HWSIX vs. HWMIX
HWSIX (Hotchkis & Wiley Small Cap Value Fund) and HWMIX (Hotchkis & Wiley Mid-Cap Value Fund) are both mutual funds - HWSIX is a Small Cap Value Equities fund managed by Hotchkis & Wiley, while HWMIX is a Mid Cap Value Equities fund managed by Hotchkis & Wiley. Over the past 10 years, HWSIX returned 10.83%/yr vs 9.59%/yr for HWMIX. Their correlation of 0.91 suggests significant overlap in exposure. HWSIX charges 1.06%/yr vs 1.01%/yr for HWMIX.
Performance
HWSIX vs. HWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWSIX achieves a 15.44% return, which is significantly higher than HWMIX's 11.12% return. Over the past 10 years, HWSIX has outperformed HWMIX with an annualized return of 10.83%, while HWMIX has yielded a comparatively lower 9.59% annualized return.
HWSIX
- 1D
- 0.13%
- 1M
- 0.92%
- YTD
- 15.44%
- 6M
- 13.53%
- 1Y
- 23.92%
- 3Y*
- 11.33%
- 5Y*
- 10.41%
- 10Y*
- 10.83%
HWMIX
- 1D
- -0.52%
- 1M
- -1.86%
- YTD
- 11.12%
- 6M
- 10.01%
- 1Y
- 24.41%
- 3Y*
- 12.98%
- 5Y*
- 10.63%
- 10Y*
- 9.59%
HWSIX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWSIX Hotchkis & Wiley Small Cap Value Fund | 15.44% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 11.12% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Correlation
The correlation between HWSIX and HWMIX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.91 |
The correlation between HWSIX and HWMIX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
HWSIX vs. HWMIX — Risk / Return Rank
HWSIX
HWMIX
HWSIX vs. HWMIX - 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 Mid-Cap Value Fund (HWMIX). 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 | HWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.40 | -0.99 |
| Martin ratioReturn relative to average drawdown | 7.90 | 9.43 | -1.53 |
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Drawdowns
HWSIX vs. HWMIX - Drawdown Comparison
The maximum HWSIX drawdown since its inception was -72.00%, roughly equal to the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for HWSIX and HWMIX.
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Drawdown Indicators
| HWSIX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.00% | -69.84% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -7.16% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -26.92% | -25.90% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.92% | -25.90% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -53.67% | -63.21% | +9.54% |
Current DrawdownCurrent decline from peak | -2.59% | -4.48% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -10.82% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.58% | +0.47% |
Volatility
HWSIX vs. HWMIX - Volatility Comparison
The current volatility for Hotchkis & Wiley Small Cap Value Fund (HWSIX) is 3.99%, while Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) has a volatility of 4.31%. This indicates that HWSIX experiences smaller price fluctuations and is considered to be less risky than HWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWSIX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.31% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 10.91% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 16.34% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.50% | 22.14% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 25.53% | -0.89% |
HWSIX vs. HWMIX - Expense Ratio Comparison
HWSIX has a 1.06% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Dividends
HWSIX vs. HWMIX - Dividend Comparison
HWSIX's dividend yield for the trailing twelve months is around 0.87%, less than HWMIX's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.25% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.87% | 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
With a correlation of 0.91, HWSIX and HWMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HWMIX has higher volatility (4.31%) compared to HWSIX (3.99%). In terms of maximum drawdown, HWSIX dropped -72.00% vs HWMIX's -69.84%.
HWMIX currently has the higher Sharpe Ratio (1.49 vs 1.41), 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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