HWVIX vs. VTSNX

Last updated Jun 24, 2026

HWVIX (Hotchkis & Wiley Small Cap Diversified Value Fund) and VTSNX (Vanguard Total International Stock Index Fund Institutional Shares) are both mutual funds - HWVIX is a Small Cap Value Equities fund managed by Hotchkis & Wiley, while VTSNX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index. Over the past 10 years, HWVIX returned 11.14%/yr vs 10.52%/yr for VTSNX. A 0.66 correlation means they provide meaningful diversification when combined. HWVIX charges 0.80%/yr vs 0.08%/yr for VTSNX.

Performance

HWVIX vs. VTSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) and Vanguard Total International Stock Index Fund Institutional Shares (VTSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HWVIX having a 15.76% return and VTSNX slightly higher at 15.83%. Over the past 10 years, HWVIX has outperformed VTSNX with an annualized return of 11.14%, while VTSNX has yielded a comparatively lower 10.52% annualized return.

HWVIX

• 1D: -0.27%
• 1M: 1.96%
• YTD: 15.76%
• 6M: 14.04%
• 1Y: 28.09%
• 3Y*: 12.99%
• 5Y*: 7.11%
• 10Y*: 11.14%

VTSNX

• 1D: 0.18%
• 1M: 3.28%
• YTD: 15.83%
• 6M: 15.73%
• 1Y: 33.50%
• 3Y*: 20.06%
• 5Y*: 9.17%
• 10Y*: 10.52%

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

HWVIX vs. VTSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund	15.76%	3.02%	4.31%	16.36%	-6.33%	35.19%	1.25%	21.68%	-14.44%	13.55%
VTSNX Vanguard Total International Stock Index Fund Institutional Shares	15.83%	32.24%	5.38%	15.29%	-15.99%	8.64%	11.27%	21.69%	-14.41%	27.54%

Correlation

The correlation between HWVIX and VTSNX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.66

The correlation between HWVIX and VTSNX shifts across timeframes, from 0.55 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HWVIX vs. VTSNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HWVIX

HWVIX Risk / Return Rank: 49
HWVIX Sharpe Ratio Rank: 39
HWVIX Sortino Ratio Rank: 42
HWVIX Omega Ratio Rank: 38
HWVIX Calmar Ratio Rank: 80
HWVIX Martin Ratio Rank: 47

VTSNX

VTSNX Risk / Return Rank: 69
VTSNX Sharpe Ratio Rank: 73
VTSNX Sortino Ratio Rank: 65
VTSNX Omega Ratio Rank: 71
VTSNX Calmar Ratio Rank: 69
VTSNX Martin Ratio Rank: 64

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.

HWVIX vs. VTSNX - 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 Total International Stock Index Fund Institutional Shares (VTSNX). 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	VTSNX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.29	-0.60
Sortino ratio: Return per unit of downside risk	2.50	3.07	-0.57
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	3.43	3.05	+0.38
Martin ratio: Return relative to average drawdown	9.31	11.86	-2.55

HWVIX vs. VTSNX - Sharpe Ratio Comparison

The current HWVIX Sharpe Ratio is 1.69, which is comparable to the VTSNX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of HWVIX and VTSNX, 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

HWVIX vs. VTSNX - Drawdown Comparison

The maximum HWVIX drawdown since its inception was -52.18%, which is greater than VTSNX's maximum drawdown of -35.72%. Use the drawdown chart below to compare losses from any high point for HWVIX and VTSNX.

Drawdown Indicators

	HWVIX	VTSNX	Difference
Max Drawdown Largest peak-to-trough decline	-52.18%	-35.72%	-16.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-11.29%	+2.72%
Max Drawdown (3Y) Largest decline over 3 years	-27.34%	-13.14%	-14.20%
Max Drawdown (5Y) Largest decline over 5 years	-27.34%	-29.50%	+2.16%
Max Drawdown (10Y) Largest decline over 10 years	-52.18%	-35.72%	-16.46%
Current Drawdown Current decline from peak	-2.28%	0.00%	-2.28%
Average Drawdown Average peak-to-trough decline	-8.25%	-8.07%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.90%	+0.24%

Volatility

HWVIX vs. VTSNX - Volatility Comparison

The current volatility for Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) is 3.84%, while Vanguard Total International Stock Index Fund Institutional Shares (VTSNX) has a volatility of 6.02%. This indicates that HWVIX experiences smaller price fluctuations and is considered to be less risky than VTSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWVIX	VTSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	6.02%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	13.03%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	15.09%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.59%	15.21%	+6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	15.95%	+8.51%

HWVIX vs. VTSNX - Expense Ratio Comparison

HWVIX has a 0.80% expense ratio, which is higher than VTSNX's 0.08% expense ratio.

Dividends

HWVIX vs. VTSNX - Dividend Comparison

HWVIX's dividend yield for the trailing twelve months is around 0.99%, less than VTSNX's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund	0.99%	1.14%	6.28%	8.52%	9.38%	6.40%	0.96%	0.87%	10.51%	15.74%	0.78%	3.34%
VTSNX Vanguard Total International Stock Index Fund Institutional Shares	2.51%	3.17%	3.36%	3.24%	3.08%	3.08%	2.13%	3.16%	3.19%	2.75%	2.95%	2.86%

Frequently Asked Questions

Can I hold both HWVIX and VTSNX in my portfolio?

HWVIX and VTSNX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWVIX or VTSNX?

VTSNX has higher volatility (6.02%) compared to HWVIX (3.84%). In terms of maximum drawdown, HWVIX dropped -52.18% vs VTSNX's -35.72%.

Which has better risk-adjusted returns?

VTSNX currently has the higher Sharpe Ratio (2.29 vs 1.69), 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.