HWVIX vs. TASCX
Compare and contrast key facts about Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) and Third Avenue Small Cap Value Fund (TASCX).
HWVIX is managed by Hotchkis & Wiley. It was launched on Jun 30, 2014. TASCX is managed by Third Avenue. It was launched on Apr 1, 1997.
Performance
HWVIX vs. TASCX - Performance Comparison
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HWVIX vs. TASCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund | 5.73% | 3.02% | 4.31% | 16.36% | -6.33% | 35.19% | 1.25% | 21.68% | -14.44% | 13.55% |
TASCX Third Avenue Small Cap Value Fund | 7.85% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
Returns By Period
In the year-to-date period, HWVIX achieves a 5.73% return, which is significantly lower than TASCX's 7.85% return. Both investments have delivered pretty close results over the past 10 years, with HWVIX having a 10.12% annualized return and TASCX not far ahead at 10.35%.
HWVIX
- 1D
- 1.45%
- 1M
- -2.42%
- YTD
- 5.73%
- 6M
- 7.61%
- 1Y
- 18.43%
- 3Y*
- 9.69%
- 5Y*
- 5.75%
- 10Y*
- 10.12%
TASCX
- 1D
- 1.18%
- 1M
- -3.18%
- YTD
- 7.85%
- 6M
- 12.96%
- 1Y
- 29.06%
- 3Y*
- 14.47%
- 5Y*
- 9.96%
- 10Y*
- 10.35%
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HWVIX vs. TASCX - Expense Ratio Comparison
HWVIX has a 0.80% expense ratio, which is lower than TASCX's 1.15% expense ratio.
Return for Risk
HWVIX vs. TASCX — Risk / Return Rank
HWVIX
TASCX
HWVIX vs. TASCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) and Third Avenue Small Cap Value Fund (TASCX). 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.
| HWVIX | TASCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.56 | -0.75 |
Sortino ratioReturn per unit of downside risk | 1.29 | 2.26 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.36 | -1.11 |
Martin ratioReturn relative to average drawdown | 4.31 | 10.07 | -5.76 |
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
| HWVIX | TASCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.56 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.39 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.43 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.46 | -0.12 |
Correlation
The correlation between HWVIX and TASCX is 0.91, 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
HWVIX vs. TASCX - Dividend Comparison
HWVIX's dividend yield for the trailing twelve months is around 1.08%, less than TASCX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund | 1.08% | 1.14% | 6.28% | 8.52% | 9.38% | 6.40% | 0.96% | 0.87% | 10.51% | 15.74% | 0.78% | 3.34% |
TASCX Third Avenue Small Cap Value Fund | 3.50% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
Drawdowns
HWVIX vs. TASCX - Drawdown Comparison
The maximum HWVIX drawdown since its inception was -52.18%, smaller than the maximum TASCX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for HWVIX and TASCX.
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Drawdown Indicators
| HWVIX | TASCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.18% | -58.55% | +6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -12.12% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -30.26% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -52.18% | -40.45% | -11.73% |
Current DrawdownCurrent decline from peak | -5.21% | -3.47% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -8.66% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 2.84% | +1.46% |
Volatility
HWVIX vs. TASCX - Volatility Comparison
Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) has a higher volatility of 4.45% compared to Third Avenue Small Cap Value Fund (TASCX) at 3.86%. This indicates that HWVIX's price experiences larger fluctuations and is considered to be riskier than TASCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWVIX | TASCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 3.86% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 10.69% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.99% | 18.59% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 25.48% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 24.17% | +0.31% |