LLSCX vs. HDPMX
LLSCX (Longleaf Partners Small-Cap Fund) and HDPMX (Hodges Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, LLSCX returned 5.81%/yr vs 13.87%/yr for HDPMX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. LLSCX charges 0.95%/yr vs 1.17%/yr for HDPMX.
Performance
LLSCX vs. HDPMX - Performance Comparison
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Returns By Period
In the year-to-date period, LLSCX achieves a -3.30% return, which is significantly lower than HDPMX's 22.63% return. Over the past 10 years, LLSCX has underperformed HDPMX with an annualized return of 5.81%, while HDPMX has yielded a comparatively higher 13.87% annualized return.
LLSCX
- 1D
- -2.33%
- 1M
- 1.15%
- 6M
- -4.81%
- YTD
- -3.30%
- 1Y
- 1.06%
- 3Y*
- 5.40%
- 5Y*
- 2.00%
- 10Y*
- 5.81%
- ALL TIME*
- 9.87%
HDPMX
- 1D
- 3.15%
- 1M
- -4.75%
- 6M
- 17.93%
- YTD
- 22.63%
- 1Y
- 39.06%
- 3Y*
- 27.18%
- 5Y*
- 15.00%
- 10Y*
- 13.87%
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
HDPMX Hodges Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
LLSCX vs. HDPMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | -3.30% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
HDPMX Hodges Fund | 22.63% | 24.06% | 29.32% | 29.81% | -21.80% | 29.50% | 29.58% | 23.02% | -34.39% | 13.87% |
Correlation
The correlation between LLSCX and HDPMX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1992 | 0.70 |
Over the past year, the correlation between LLSCX and HDPMX has dropped to 0.35 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
LLSCX vs. HDPMX — Risk / Return Rank
LLSCX
HDPMX
LLSCX vs. HDPMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Small-Cap Fund (LLSCX) and Hodges Fund (HDPMX). 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.
| LLSCX | HDPMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.55 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.31 | 8.58 | -8.89 |
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Drawdowns
LLSCX vs. HDPMX - Drawdown Comparison
The maximum LLSCX drawdown since its inception was -63.97%, smaller than the maximum HDPMX drawdown of -69.66%. Use the drawdown chart below to compare losses from any high point for LLSCX and HDPMX.
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Drawdown Indicators
| LLSCX | HDPMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.97% | -69.66% | +5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -13.05% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -32.65% | +17.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -36.68% | +10.01% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | -67.16% | +24.93% |
Current DrawdownCurrent decline from peak | -7.56% | -8.73% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -15.69% | +6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 3.88% | +1.74% |
Volatility
LLSCX vs. HDPMX - Volatility Comparison
The current volatility for Longleaf Partners Small-Cap Fund (LLSCX) is 5.13%, while Hodges Fund (HDPMX) has a volatility of 6.94%. This indicates that LLSCX experiences smaller price fluctuations and is considered to be less risky than HDPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLSCX | HDPMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 6.94% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 19.29% | -9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 24.42% | -11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 29.80% | -12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 30.42% | -5.84% |
LLSCX vs. HDPMX - Expense Ratio Comparison
LLSCX has a 0.95% expense ratio, which is lower than HDPMX's 1.17% expense ratio.
Dividends
LLSCX vs. HDPMX - Dividend Comparison
LLSCX's dividend yield for the trailing twelve months is around 1.21%, less than HDPMX's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDPMX Hodges Fund | 7.74% | 9.50% | 15.93% | 0.72% | 0.49% | 0.00% | 0.00% | 0.00% | 10.67% | 7.26% | 0.00% | 1.04% |
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Frequently Asked Questions
LLSCX and HDPMX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDPMX has higher volatility (6.94%) compared to LLSCX (5.13%). In terms of maximum drawdown, LLSCX dropped -63.97% vs HDPMX's -69.66%.
HDPMX currently has the higher Sharpe Ratio (1.36 vs -0.13), 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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