HWSM vs. WTV

Last updated Aug 1, 2026

HWSM (Hotchkis & Wiley SMID Cap Diversified Value ETF) and WTV (WisdomTree U.S. Value Fund) are both Mid Cap Value Equities funds. Both are actively managed. Over the past year, HWSM returned 27.36% vs 25.32% for WTV. Their correlation of 0.92 means they have usually moved in the same direction. HWSM charges 0.55%/yr vs 0.12%/yr for WTV.

Performance

HWSM vs. WTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley SMID Cap Diversified Value ETF (HWSM) and WisdomTree U.S. Value Fund (WTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HWSM achieves a 15.69% return, which is significantly higher than WTV's 14.35% return.

HWSM

• 1D: -0.47%
• 1M: 2.00%
• 6M: 11.35%
• YTD: 15.69%
• 1Y: 27.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.20%

WTV

• 1D: -0.13%
• 1M: 2.29%
• 6M: 10.70%
• YTD: 14.35%
• 1Y: 25.32%
• 3Y*: 19.48%
• 5Y*: 13.92%
• 10Y*: —
• ALL TIME*: 13.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF	$461.44	$384.46	$2.38K
WTV WisdomTree U.S. Value Fund	$14.67M	$17.66M	$16.09M

HWSM vs. WTV - Yearly Performance Comparison

	2026 (YTD)	2025
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF	15.69%	12.92%
WTV WisdomTree U.S. Value Fund	14.35%	16.17%

Correlation

The correlation between HWSM and WTV is 0.92, 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.	0.92
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025	0.92

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

Return for Risk

HWSM vs. WTV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HWSM

HWSM Risk / Return Rank: 71
HWSM Sharpe Ratio Rank: 72
HWSM Sortino Ratio Rank: 76
HWSM Omega Ratio Rank: 70
HWSM Calmar Ratio Rank: 69
HWSM Martin Ratio Rank: 69

WTV

WTV Risk / Return Rank: 85
WTV Sharpe Ratio Rank: 86
WTV Sortino Ratio Rank: 87
WTV Omega Ratio Rank: 84
WTV Calmar Ratio Rank: 86
WTV Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HWSM vs. WTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley SMID Cap Diversified Value ETF (HWSM) and WisdomTree U.S. Value Fund (WTV). 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.

	HWSM	WTV	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.02	-0.36
Sortino ratio: Return per unit of downside risk	2.49	2.94	-0.45
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.45	3.31	-0.86
Martin ratio: Return relative to average drawdown	8.43	10.99	-2.56

HWSM vs. WTV - Sharpe Ratio Comparison

The current HWSM Sharpe Ratio is 1.66, which is comparable to the WTV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of HWSM and WTV, 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

HWSM vs. WTV - Drawdown Comparison

The maximum HWSM drawdown since its inception was -15.67%, smaller than the maximum WTV drawdown of -42.18%. Use the drawdown chart below to compare losses from any high point for HWSM and WTV.

Drawdown Indicators

	HWSM	WTV	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-42.18%	+26.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-7.15%	-3.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.30%	—
Current Drawdown Current decline from peak	-1.83%	-1.60%	-0.23%
Average Drawdown Average peak-to-trough decline	-2.51%	-4.97%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.15%	+0.82%

Volatility

HWSM vs. WTV - Volatility Comparison

Hotchkis & Wiley SMID Cap Diversified Value ETF (HWSM) has a higher volatility of 3.56% compared to WisdomTree U.S. Value Fund (WTV) at 3.16%. This indicates that HWSM's price experiences larger fluctuations and is considered to be riskier than WTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWSM	WTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	3.16%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.05%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	11.73%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.74%	17.02%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	20.07%	-0.33%

HWSM vs. WTV - Expense Ratio Comparison

HWSM has a 0.55% expense ratio, which is higher than WTV's 0.12% expense ratio.

Dividends

HWSM vs. WTV - Dividend Comparison

HWSM's dividend yield for the trailing twelve months is around 1.15%, less than WTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF	1.15%	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WTV WisdomTree U.S. Value Fund	1.86%	1.59%	1.54%	1.62%	2.08%	1.55%	1.63%	1.44%	1.94%	0.41%

Frequently Asked Questions

Can I hold both HWSM and WTV in my portfolio?

With a correlation of 0.92, HWSM and WTV 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.

Which is riskier, HWSM or WTV?

HWSM has higher volatility (3.56%) compared to WTV (3.16%). In terms of maximum drawdown, HWSM dropped -15.67% vs WTV's -42.18%.

Which ETF is better, HWSM or WTV?

On 1-year performance, HWSM leads with 27.36% vs 25.32% for WTV. On fees, WTV is cheaper at 0.12% per year. On volatility, WTV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HWSM or WTV?

Over the 1-year period, HWSM has performed better with a 27.36% return vs 25.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HWSM or WTV?

WTV is cheaper with a 0.12% expense ratio, compared with 0.55% for HWSM.

Which ETF pays a higher dividend yield, HWSM or WTV?

WTV has the higher dividend yield at 1.86%, compared with 1.15% for HWSM.

What is the main difference between HWSM and WTV?

They also come from different issuers: Hotchkis & Wiley and WisdomTree. Their fees differ too: 0.55% for HWSM and 0.12% for WTV.

Which has better risk-adjusted returns?

WTV currently has the higher Sharpe Ratio (2.02 vs 1.66), 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.