HWVIX vs. HWMIX
HWVIX (Hotchkis & Wiley Small Cap Diversified Value Fund) and HWMIX (Hotchkis & Wiley Mid-Cap Value Fund) are both mutual funds - HWVIX 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, HWVIX returned 11.05%/yr vs 10.53%/yr for HWMIX. Their correlation of 0.91 means they have usually moved in the same direction. HWVIX charges 0.80%/yr vs 1.01%/yr for HWMIX.
Performance
HWVIX vs. HWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HWVIX achieves a 23.09% return, which is significantly higher than HWMIX's 21.22% return. Both investments have delivered pretty close results over the past 10 years, with HWVIX having a 11.05% annualized return and HWMIX not far behind at 10.53%.
HWVIX
- 1D
- -0.39%
- 1M
- 2.72%
- 6M
- 15.46%
- YTD
- 23.09%
- 1Y
- 36.67%
- 3Y*
- 10.93%
- 5Y*
- 9.03%
- 10Y*
- 11.05%
- ALL TIME*
- 9.16%
HWMIX
- 1D
- -1.17%
- 1M
- 6.73%
- 6M
- 15.52%
- YTD
- 21.22%
- 1Y
- 35.99%
- 3Y*
- 12.62%
- 5Y*
- 12.89%
- 10Y*
- 10.53%
- ALL TIME*
- 11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HWVIX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund | 23.09% | 3.02% | 4.31% | 16.36% | -6.33% | 35.19% | 1.25% | 21.68% | -14.44% | 13.55% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 21.22% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Correlation
The correlation between HWVIX and HWMIX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014 | 0.91 |
The correlation between HWVIX and HWMIX shifts across timeframes, from 0.80 (1 year) to 0.91 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HWVIX vs. HWMIX — Risk / Return Rank
HWVIX
HWMIX
HWVIX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) 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.
| HWVIX | HWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 4.49 | -0.77 |
| Martin ratioReturn relative to average drawdown | 10.87 | 12.76 | -1.90 |
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Drawdowns
HWVIX vs. HWMIX - Drawdown Comparison
The maximum HWVIX drawdown since its inception was -52.18%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for HWVIX and HWMIX.
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Drawdown Indicators
| HWVIX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.18% | -69.84% | +17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -7.16% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -25.90% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -25.90% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -52.18% | -63.21% | +11.03% |
Current DrawdownCurrent decline from peak | -1.09% | -1.17% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -10.78% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.52% | +0.42% |
Volatility
HWVIX vs. HWMIX - Volatility Comparison
Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) have volatilities of 3.69% and 3.85%, 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.
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Volatility by Period
| HWVIX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.85% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 10.69% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 15.92% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 21.90% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.36% | 25.32% | -0.96% |
HWVIX vs. HWMIX - Expense Ratio Comparison
HWVIX has a 0.80% expense ratio, which is lower than HWMIX's 1.01% expense ratio.
Dividends
HWVIX vs. HWMIX - Dividend Comparison
HWVIX's dividend yield for the trailing twelve months is around 0.93%, less than HWMIX's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.15% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund | 0.93% | 1.14% | 6.28% | 8.52% | 9.38% | 6.40% | 0.96% | 0.87% | 10.51% | 15.74% | 0.78% | 3.34% |
Frequently Asked Questions
HWVIX and HWMIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWMIX has higher volatility (3.85%) compared to HWVIX (3.69%). In terms of maximum drawdown, HWVIX dropped -52.18% vs HWMIX's -69.84%.
HWMIX currently has the higher Sharpe Ratio (2.03 vs 1.91), 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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