HWSIX vs. UBVSX

Last updated Jun 24, 2026

HWSIX (Hotchkis & Wiley Small Cap Value Fund) and UBVSX (JPMorgan Undiscovered Managers Behavioral Value Fund Class I) are both Small Cap Value Equities funds. Over the past 10 years, HWSIX returned 11.16%/yr vs 10.44%/yr for UBVSX. Their correlation of 0.92 suggests significant overlap in exposure. HWSIX charges 1.06%/yr vs 0.99%/yr for UBVSX.

Performance

HWSIX vs. UBVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley Small Cap Value Fund (HWSIX) and JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HWSIX achieves a 15.23% return, which is significantly higher than UBVSX's 8.05% return. Over the past 10 years, HWSIX has outperformed UBVSX with an annualized return of 11.16%, while UBVSX has yielded a comparatively lower 10.44% annualized return.

HWSIX

• 1D: -0.19%
• 1M: 0.74%
• YTD: 15.23%
• 6M: 13.71%
• 1Y: 22.86%
• 3Y*: 12.66%
• 5Y*: 9.78%
• 10Y*: 11.16%

UBVSX

• 1D: -0.60%
• 1M: 0.84%
• YTD: 8.05%
• 6M: 7.53%
• 1Y: 14.57%
• 3Y*: 13.65%
• 5Y*: 8.21%
• 10Y*: 10.44%

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

HWSIX vs. UBVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWSIX Hotchkis & Wiley Small Cap Value Fund	15.23%	1.60%	5.00%	18.85%	2.97%	35.54%	-0.31%	20.54%	-15.03%	7.66%
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	8.05%	1.70%	13.03%	14.59%	-1.26%	34.05%	3.35%	23.11%	-15.37%	13.26%

Correlation

The correlation between HWSIX and UBVSX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.92

The correlation between HWSIX and UBVSX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

HWSIX vs. UBVSX — 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: 27
HWSIX Sortino Ratio Rank: 27
HWSIX Omega Ratio Rank: 26
HWSIX Calmar Ratio Rank: 43
HWSIX Martin Ratio Rank: 38

UBVSX

UBVSX Risk / Return Rank: 17
UBVSX Sharpe Ratio Rank: 14
UBVSX Sortino Ratio Rank: 17
UBVSX Omega Ratio Rank: 14
UBVSX Calmar Ratio Rank: 21
UBVSX Martin Ratio Rank: 18

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. UBVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Value Fund (HWSIX) and JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX). 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	UBVSX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.96	+0.43
Sortino ratio: Return per unit of downside risk	2.02	1.55	+0.47
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	2.38	1.55	+0.83
Martin ratio: Return relative to average drawdown	7.78	4.31	+3.48

HWSIX vs. UBVSX - Sharpe Ratio Comparison

The current HWSIX Sharpe Ratio is 1.39, which is higher than the UBVSX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of HWSIX and UBVSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HWSIX vs. UBVSX - Drawdown Comparison

The maximum HWSIX drawdown since its inception was -72.00%, which is greater than UBVSX's maximum drawdown of -52.19%. Use the drawdown chart below to compare losses from any high point for HWSIX and UBVSX.

Drawdown Indicators

	HWSIX	UBVSX	Difference
Max Drawdown Largest peak-to-trough decline	-72.00%	-52.19%	-19.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	-10.36%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-26.92%	-21.48%	-5.44%
Max Drawdown (5Y) Largest decline over 5 years	-26.92%	-21.48%	-5.44%
Max Drawdown (10Y) Largest decline over 10 years	-53.67%	-52.19%	-1.48%
Current Drawdown Current decline from peak	-2.77%	-2.09%	-0.68%
Average Drawdown Average peak-to-trough decline	-12.06%	-6.26%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.73%	-0.68%

Volatility

HWSIX vs. UBVSX - Volatility Comparison

Hotchkis & Wiley Small Cap Value Fund (HWSIX) and JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX) have volatilities of 3.90% and 3.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWSIX	UBVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.87%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	10.76%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.18%	16.73%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	20.25%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	24.62%	+0.02%

HWSIX vs. UBVSX - Expense Ratio Comparison

HWSIX has a 1.06% expense ratio, which is higher than UBVSX's 0.99% expense ratio.

Dividends

HWSIX vs. UBVSX - Dividend Comparison

HWSIX's dividend yield for the trailing twelve months is around 0.87%, less than UBVSX's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	8.66%	9.35%	7.36%	8.30%	8.89%	3.34%	0.90%	4.85%	11.46%	4.53%	3.11%	3.69%

Frequently Asked Questions

Can I hold both HWSIX and UBVSX in my portfolio?

HWSIX and UBVSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWSIX or UBVSX?

HWSIX has higher volatility (3.90%) compared to UBVSX (3.87%). In terms of maximum drawdown, HWSIX dropped -72.00% vs UBVSX's -52.19%.

Which has better risk-adjusted returns?

HWSIX currently has the higher Sharpe Ratio (1.39 vs 0.96), 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.