MXLSX vs. HWSAX
MXLSX (Great-West Small Cap Value Fund) and HWSAX (Hotchkis & Wiley Small Cap Value Fund Class A) are both Small Cap Value Equities funds. Over the past 10 years, MXLSX returned 9.28%/yr vs 11.13%/yr for HWSAX. Their correlation of 0.91 means they have usually moved in the same direction. MXLSX charges 1.09%/yr vs 1.21%/yr for HWSAX.
Performance
MXLSX vs. HWSAX - Performance Comparison
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Returns By Period
In the year-to-date period, MXLSX achieves a 21.30% return, which is significantly lower than HWSAX's 25.83% return. Over the past 10 years, MXLSX has underperformed HWSAX with an annualized return of 9.28%, while HWSAX has yielded a comparatively higher 11.13% annualized return.
MXLSX
- 1D
- -0.04%
- 1M
- 0.90%
- 6M
- 13.94%
- YTD
- 21.30%
- 1Y
- 27.20%
- 3Y*
- 12.29%
- 5Y*
- 9.06%
- 10Y*
- 9.28%
- ALL TIME*
- 5.84%
HWSAX
- 1D
- -0.23%
- 1M
- 6.90%
- 6M
- 18.08%
- YTD
- 25.83%
- 1Y
- 32.34%
- 3Y*
- 11.92%
- 5Y*
- 12.09%
- 10Y*
- 11.13%
- ALL TIME*
- 11.66%
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 |
MXLSX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXLSX Great-West Small Cap Value Fund | 21.30% | 4.08% | 8.20% | 17.81% | -10.07% | 31.12% | 2.84% | 24.67% | -16.64% | 8.44% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 25.83% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
Correlation
The correlation between MXLSX and HWSAX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2000 | 0.91 |
The correlation between MXLSX and HWSAX shifts across timeframes, from 0.77 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MXLSX vs. HWSAX — Risk / Return Rank
MXLSX
HWSAX
MXLSX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Small Cap Value Fund (MXLSX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX). 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.
| MXLSX | HWSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.86 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.77 | 9.64 | -0.86 |
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Drawdowns
MXLSX vs. HWSAX - Drawdown Comparison
The maximum MXLSX drawdown since its inception was -60.41%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for MXLSX and HWSAX.
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Drawdown Indicators
| MXLSX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.41% | -72.14% | +11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -10.06% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -26.98% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -26.98% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -53.82% | +10.30% |
Current DrawdownCurrent decline from peak | -1.17% | -0.23% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -10.90% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.98% | +0.07% |
Volatility
MXLSX vs. HWSAX - Volatility Comparison
Great-West Small Cap Value Fund (MXLSX) has a higher volatility of 3.18% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 2.86%. This indicates that MXLSX's price experiences larger fluctuations and is considered to be riskier than HWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXLSX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 2.86% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 10.44% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 16.58% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 21.22% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 24.49% | -2.27% |
MXLSX vs. HWSAX - Expense Ratio Comparison
MXLSX has a 1.09% expense ratio, which is lower than HWSAX's 1.21% expense ratio.
Dividends
MXLSX vs. HWSAX - Dividend Comparison
MXLSX's dividend yield for the trailing twelve months is around 0.40%, less than HWSAX's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.55% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
MXLSX Great-West Small Cap Value Fund | 0.40% | 0.48% | 1.07% | 2.24% | 2.93% | 6.23% | 0.23% | 0.47% | 2.92% | 5.29% | 0.00% | 0.00% |
Frequently Asked Questions
MXLSX and HWSAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXLSX has higher volatility (3.18%) compared to HWSAX (2.86%). In terms of maximum drawdown, MXLSX dropped -60.41% vs HWSAX's -72.14%.
HWSAX currently has the higher Sharpe Ratio (1.75 vs 1.68), 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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