HWVIX vs. VSMVX
Compare and contrast key facts about Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX).
HWVIX is managed by Hotchkis & Wiley. It was launched on Jun 30, 2014. VSMVX is managed by Vanguard. It was launched on Nov 19, 2014.
Performance
HWVIX vs. VSMVX - Performance Comparison
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HWVIX vs. VSMVX - 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% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 4.35% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 24.47% | -12.67% | 11.64% |
Returns By Period
In the year-to-date period, HWVIX achieves a 5.73% return, which is significantly higher than VSMVX's 4.35% return. Over the past 10 years, HWVIX has outperformed VSMVX with an annualized return of 10.12%, while VSMVX has yielded a comparatively lower 9.53% annualized return.
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%
VSMVX
- 1D
- 2.16%
- 1M
- -3.89%
- YTD
- 4.35%
- 6M
- 7.26%
- 1Y
- 23.43%
- 3Y*
- 9.99%
- 5Y*
- 4.86%
- 10Y*
- 9.53%
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HWVIX vs. VSMVX - Expense Ratio Comparison
HWVIX has a 0.80% expense ratio, which is higher than VSMVX's 0.08% expense ratio.
Return for Risk
HWVIX vs. VSMVX — Risk / Return Rank
HWVIX
VSMVX
HWVIX vs. VSMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX). 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 | VSMVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.00 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.52 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.52 | -0.27 |
Martin ratioReturn relative to average drawdown | 4.31 | 5.76 | -1.44 |
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 | VSMVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.00 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.22 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.40 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.47 | -0.12 |
Correlation
The correlation between HWVIX and VSMVX is 0.97, 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. VSMVX - Dividend Comparison
HWVIX's dividend yield for the trailing twelve months is around 1.08%, less than VSMVX's 1.82% 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% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.82% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
Drawdowns
HWVIX vs. VSMVX - Drawdown Comparison
The maximum HWVIX drawdown since its inception was -52.18%, which is greater than VSMVX's maximum drawdown of -47.61%. Use the drawdown chart below to compare losses from any high point for HWVIX and VSMVX.
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Drawdown Indicators
| HWVIX | VSMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.18% | -47.61% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -15.74% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -28.81% | +1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -52.18% | -47.61% | -4.57% |
Current DrawdownCurrent decline from peak | -5.21% | -6.15% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -7.72% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 4.15% | +0.15% |
Volatility
HWVIX vs. VSMVX - Volatility Comparison
The current volatility for Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) is 4.45%, while Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) has a volatility of 5.50%. This indicates that HWVIX experiences smaller price fluctuations and is considered to be less risky than VSMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HWVIX | VSMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 5.50% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 13.57% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.99% | 23.83% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 22.18% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 24.15% | +0.33% |