HWSIX vs. RYSEX
Compare and contrast key facts about Hotchkis & Wiley Small Cap Value Fund (HWSIX) and Royce Special Equity Fund (RYSEX).
HWSIX is managed by Hotchkis & Wiley. It was launched on Sep 20, 1985. RYSEX is managed by Royce Investment Partners. It was launched on May 1, 1998.
Performance
HWSIX vs. RYSEX - Performance Comparison
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HWSIX vs. RYSEX - 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% |
RYSEX Royce Special Equity Fund | 3.35% | 3.66% | 2.93% | 12.96% | -6.60% | 22.24% | 7.43% | 12.73% | -9.96% | 7.13% |
Returns By Period
In the year-to-date period, HWSIX achieves a 7.19% return, which is significantly higher than RYSEX's 3.35% return. Over the past 10 years, HWSIX has outperformed RYSEX with an annualized return of 10.01%, while RYSEX has yielded a comparatively lower 7.57% 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%
RYSEX
- 1D
- 0.35%
- 1M
- -3.72%
- YTD
- 3.35%
- 6M
- 5.06%
- 1Y
- 17.66%
- 3Y*
- 6.41%
- 5Y*
- 4.67%
- 10Y*
- 7.57%
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HWSIX vs. RYSEX - Expense Ratio Comparison
HWSIX has a 1.06% expense ratio, which is lower than RYSEX's 1.20% expense ratio.
Return for Risk
HWSIX vs. RYSEX — Risk / Return Rank
HWSIX
RYSEX
HWSIX vs. RYSEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Value Fund (HWSIX) and Royce Special Equity Fund (RYSEX). 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 | RYSEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.96 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.51 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.41 | -0.48 |
Martin ratioReturn relative to average drawdown | 3.44 | 4.67 | -1.23 |
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
| HWSIX | RYSEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.96 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.29 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.44 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.51 | -0.07 |
Correlation
The correlation between HWSIX and RYSEX is 0.85, 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. RYSEX - Dividend Comparison
HWSIX's dividend yield for the trailing twelve months is around 0.94%, less than RYSEX's 11.96% 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% |
RYSEX Royce Special Equity Fund | 11.96% | 12.36% | 16.35% | 5.32% | 12.34% | 16.53% | 3.70% | 11.56% | 13.11% | 8.24% | 7.72% | 11.68% |
Drawdowns
HWSIX vs. RYSEX - Drawdown Comparison
The maximum HWSIX drawdown since its inception was -72.00%, which is greater than RYSEX's maximum drawdown of -43.25%. Use the drawdown chart below to compare losses from any high point for HWSIX and RYSEX.
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Drawdown Indicators
| HWSIX | RYSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.00% | -43.25% | -28.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -10.97% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.92% | -23.03% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -53.67% | -32.13% | -21.54% |
Current DrawdownCurrent decline from peak | -2.75% | -6.33% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -6.39% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 3.30% | +1.12% |
Volatility
HWSIX vs. RYSEX - Volatility Comparison
Hotchkis & Wiley Small Cap Value Fund (HWSIX) has a higher volatility of 4.15% compared to Royce Special Equity Fund (RYSEX) at 3.43%. This indicates that HWSIX's price experiences larger fluctuations and is considered to be riskier than RYSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWSIX | RYSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.43% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 9.64% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.97% | 18.16% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.70% | 16.43% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.67% | 17.40% | +7.27% |