PSOPX vs. HWSIX

Last updated Jun 4, 2026

PSOPX (JPMorgan Small Cap Value Fund) and HWSIX (Hotchkis & Wiley Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, PSOPX returned 10.42%/yr vs 10.98%/yr for HWSIX. Their correlation of 0.90 suggests significant overlap in exposure. PSOPX charges 0.94%/yr vs 1.06%/yr for HWSIX.

Performance

PSOPX vs. HWSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Small Cap Value Fund (PSOPX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX). 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 PSOPX having a 17.52% return and HWSIX slightly higher at 17.70%. Over the past 10 years, PSOPX has underperformed HWSIX with an annualized return of 10.42%, while HWSIX has yielded a comparatively higher 10.98% annualized return.

PSOPX

• 1D: 1.07%
• 1M: 3.69%
• YTD: 17.52%
• 6M: 17.06%
• 1Y: 41.48%
• 3Y*: 19.72%
• 5Y*: 8.46%
• 10Y*: 10.42%

HWSIX

• 1D: 1.03%
• 1M: 2.97%
• YTD: 17.70%
• 6M: 15.91%
• 1Y: 28.91%
• 3Y*: 13.09%
• 5Y*: 9.57%
• 10Y*: 10.98%

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

PSOPX vs. HWSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSOPX JPMorgan Small Cap Value Fund	17.52%	12.32%	15.20%	13.08%	-13.37%	32.44%	6.14%	19.14%	-13.97%	3.17%
HWSIX Hotchkis & Wiley Small Cap Value Fund	17.70%	1.60%	5.00%	18.85%	2.97%	35.54%	-0.31%	20.54%	-15.03%	7.66%

Correlation

The correlation between PSOPX and HWSIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 1996	0.90

The correlation between PSOPX and HWSIX shifts across timeframes, from 0.81 (1 year) to 0.92 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PSOPX vs. HWSIX — Risk / Return Rank

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

PSOPX

PSOPX Risk / Return Rank: 74
PSOPX Sharpe Ratio Rank: 70
PSOPX Sortino Ratio Rank: 68
PSOPX Omega Ratio Rank: 55
PSOPX Calmar Ratio Rank: 90
PSOPX Martin Ratio Rank: 87

HWSIX

HWSIX Risk / Return Rank: 47
HWSIX Sharpe Ratio Rank: 40
HWSIX Sortino Ratio Rank: 39
HWSIX Omega Ratio Rank: 38
HWSIX Calmar Ratio Rank: 67
HWSIX Martin Ratio Rank: 50

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.

PSOPX vs. HWSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Small Cap Value Fund (PSOPX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX). 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.

	PSOPX	HWSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.84	+0.60
Sortino ratio: Return per unit of downside risk	3.43	2.60	+0.82
Omega ratio: Gain probability vs. loss probability	1.41	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	4.62	3.16	+1.45
Martin ratio: Return relative to average drawdown	16.70	10.38	+6.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSOPX vs. HWSIX - Sharpe Ratio Comparison

The current PSOPX Sharpe Ratio is 2.44, which is higher than the HWSIX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PSOPX and HWSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSOPX	HWSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.84	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.45	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.45	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.45	0.00

Drawdowns

PSOPX vs. HWSIX - Drawdown Comparison

The maximum PSOPX drawdown since its inception was -60.75%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for PSOPX and HWSIX.

Drawdown Indicators

	PSOPX	HWSIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.75%	-72.00%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-10.01%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-23.50%	-26.92%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.08%	-26.92%	+2.84%
Max Drawdown (10Y) Largest decline over 10 years	-46.52%	-53.67%	+7.15%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-10.27%	-12.08%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.04%	-0.43%

Volatility

PSOPX vs. HWSIX - Volatility Comparison

JPMorgan Small Cap Value Fund (PSOPX) has a higher volatility of 5.07% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 3.77%. This indicates that PSOPX's price experiences larger fluctuations and is considered to be riskier than HWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSOPX	HWSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	3.77%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	11.25%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	17.23%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	21.54%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.56%	24.64%	-1.08%

PSOPX vs. HWSIX - Expense Ratio Comparison

PSOPX has a 0.94% expense ratio, which is lower than HWSIX's 1.06% expense ratio.

Dividends

PSOPX vs. HWSIX - Dividend Comparison

PSOPX's dividend yield for the trailing twelve months is around 7.89%, more than HWSIX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWSIX Hotchkis & Wiley Small Cap Value Fund	0.86%	1.01%	8.35%	1.90%	13.44%	0.36%	0.80%	4.89%	9.84%	5.07%	0.41%	11.78%
PSOPX JPMorgan Small Cap Value Fund	7.89%	9.31%	12.79%	1.59%	9.50%	16.48%	0.74%	6.38%	16.22%	6.38%	0.73%	5.58%

Frequently Asked Questions

Can I hold both PSOPX and HWSIX in my portfolio?

PSOPX and HWSIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSOPX or HWSIX?

PSOPX has higher volatility (5.07%) compared to HWSIX (3.77%). In terms of maximum drawdown, PSOPX dropped -60.75% vs HWSIX's -72.00%.

Which has better risk-adjusted returns?

PSOPX currently has the higher Sharpe Ratio (2.44 vs 1.84), 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.