HWSIX vs. PCFIX

Last updated Apr 1, 2026

Compare and contrast key facts about Hotchkis & Wiley Small Cap Value Fund (HWSIX) and PIMCO RAE PLUS Small Fund (PCFIX).

HWSIX is managed by Hotchkis & Wiley. It was launched on Sep 20, 1985. PCFIX is managed by PIMCO. It was launched on Sep 30, 2011.

Performance

HWSIX vs. PCFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley Small Cap Value Fund (HWSIX) and PIMCO RAE PLUS Small Fund (PCFIX). The values are adjusted to include any dividend payments, if applicable.

HWSIX vs. PCFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWSIX Hotchkis & Wiley Small Cap Value Fund	7.19%	1.60%	5.00%	18.85%	2.97%	35.54%	-0.31%	20.54%	-15.03%	7.66%
PCFIX PIMCO RAE PLUS Small Fund	-2.10%	6.78%	20.88%	18.04%	-12.46%	-36.92%	9.77%	21.53%	-12.19%	12.90%

Returns By Period

In the year-to-date period, HWSIX achieves a 7.19% return, which is significantly higher than PCFIX's -2.10% return. Over the past 10 years, HWSIX has outperformed PCFIX with an annualized return of 10.01%, while PCFIX has yielded a comparatively lower 3.59% annualized return.

HWSIX

• 1D: -0.30%
• 1M: -0.11%
• YTD: 7.19%
• 6M: 5.71%
• 1Y: 16.85%
• 3Y*: 9.76%
• 5Y*: 9.23%
• 10Y*: 10.01%

PCFIX

• 1D: -0.95%
• 1M: -7.45%
• YTD: -2.10%
• 6M: 1.30%
• 1Y: 14.37%
• 3Y*: 14.75%
• 5Y*: -8.08%
• 10Y*: 3.59%

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

HWSIX vs. PCFIX - Expense Ratio Comparison

HWSIX has a 1.06% expense ratio, which is higher than PCFIX's 0.85% expense ratio.

HWSIX

Hotchkis & Wiley Small Cap Value Fund

PCFIX

PIMCO RAE PLUS Small Fund

Return for Risk

HWSIX vs. PCFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HWSIX

HWSIX Risk / Return Rank: 32
HWSIX Sharpe Ratio Rank: 31
HWSIX Sortino Ratio Rank: 33
HWSIX Omega Ratio Rank: 33
HWSIX Calmar Ratio Rank: 33
HWSIX Martin Ratio Rank: 32

PCFIX

PCFIX Risk / Return Rank: 28
PCFIX Sharpe Ratio Rank: 27
PCFIX Sortino Ratio Rank: 30
PCFIX Omega Ratio Rank: 26
PCFIX Calmar Ratio Rank: 28
PCFIX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HWSIX vs. PCFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Value Fund (HWSIX) and PIMCO RAE PLUS Small Fund (PCFIX). 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.

	HWSIX	PCFIX	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.66	+0.07
Sortino ratio Return per unit of downside risk	1.16	1.07	+0.09
Omega ratio Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	0.92	0.80	+0.12
Martin ratio Return relative to average drawdown	3.44	3.22	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HWSIX vs. PCFIX - Sharpe Ratio Comparison

The current HWSIX Sharpe Ratio is 0.73, which is comparable to the PCFIX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of HWSIX and PCFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HWSIX	PCFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.66	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.24	+0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.12	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.29	+0.16

Correlation

The correlation between HWSIX and PCFIX 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

HWSIX vs. PCFIX - Dividend Comparison

HWSIX's dividend yield for the trailing twelve months is around 0.94%, less than PCFIX's 3.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWSIX Hotchkis & Wiley Small Cap Value Fund	0.94%	1.01%	8.35%	1.90%	13.44%	0.36%	0.80%	4.89%	9.84%	5.07%	0.41%	11.78%
PCFIX PIMCO RAE PLUS Small Fund	3.05%	2.24%	6.12%	2.12%	13.29%	96.19%	18.00%	2.63%	12.78%	9.33%	0.00%	26.50%

Drawdowns

HWSIX vs. PCFIX - Drawdown Comparison

The maximum HWSIX drawdown since its inception was -72.00%, which is greater than PCFIX's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for HWSIX and PCFIX.

Drawdown Indicators

	HWSIX	PCFIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.00%	-67.77%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-15.69%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.92%	-67.77%	+40.85%
Max Drawdown (10Y) Largest decline over 10 years	-53.67%	-67.77%	+14.10%
Current Drawdown Current decline from peak	-2.75%	-45.84%	+43.09%
Average Drawdown Average peak-to-trough decline	-12.12%	-21.20%	+9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	3.92%	+0.50%

Volatility

HWSIX vs. PCFIX - Volatility Comparison

The current volatility for Hotchkis & Wiley Small Cap Value Fund (HWSIX) is 4.15%, while PIMCO RAE PLUS Small Fund (PCFIX) has a volatility of 5.43%. This indicates that HWSIX experiences smaller price fluctuations and is considered to be less risky than PCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWSIX	PCFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	5.43%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	12.90%	12.64%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	23.97%	22.79%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.70%	33.66%	-11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	30.13%	-5.46%