PZVMX vs. HWMIX
Compare and contrast key facts about Pzena Mid Cap Value Fund (PZVMX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX).
PZVMX is managed by Pzena. It was launched on Mar 31, 2014. HWMIX is managed by Hotchkis & Wiley. It was launched on Jan 2, 1997.
Performance
PZVMX vs. HWMIX - Performance Comparison
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PZVMX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZVMX Pzena Mid Cap Value Fund | -1.12% | -1.16% | 0.62% | 21.03% | -5.95% | 30.68% | 6.30% | 29.04% | -21.54% | 14.36% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 6.74% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Returns By Period
In the year-to-date period, PZVMX achieves a -1.12% return, which is significantly lower than HWMIX's 6.74% return. Over the past 10 years, PZVMX has underperformed HWMIX with an annualized return of 8.22%, while HWMIX has yielded a comparatively higher 9.08% annualized return.
PZVMX
- 1D
- 2.97%
- 1M
- -5.45%
- YTD
- -1.12%
- 6M
- -3.06%
- 1Y
- 1.47%
- 3Y*
- 5.01%
- 5Y*
- 3.78%
- 10Y*
- 8.22%
HWMIX
- 1D
- 1.52%
- 1M
- -2.06%
- YTD
- 6.74%
- 6M
- 8.96%
- 1Y
- 22.13%
- 3Y*
- 12.01%
- 5Y*
- 9.76%
- 10Y*
- 9.08%
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PZVMX vs. HWMIX - Expense Ratio Comparison
PZVMX has a 1.32% expense ratio, which is higher than HWMIX's 1.01% expense ratio.
Return for Risk
PZVMX vs. HWMIX — Risk / Return Rank
PZVMX
HWMIX
PZVMX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena Mid Cap Value Fund (PZVMX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX). 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.
| PZVMX | HWMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 0.93 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.26 | 1.41 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.35 | -1.21 |
Martin ratioReturn relative to average drawdown | 0.34 | 5.49 | -5.15 |
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
| PZVMX | HWMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.93 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.44 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.36 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.47 | -0.18 |
Correlation
The correlation between PZVMX and HWMIX is 0.93, 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
PZVMX vs. HWMIX - Dividend Comparison
PZVMX's dividend yield for the trailing twelve months is around 4.32%, more than HWMIX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZVMX Pzena Mid Cap Value Fund | 4.32% | 4.27% | 18.45% | 8.81% | 15.42% | 9.39% | 2.13% | 1.23% | 2.59% | 2.55% | 0.58% | 3.43% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.31% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
Drawdowns
PZVMX vs. HWMIX - Drawdown Comparison
The maximum PZVMX drawdown since its inception was -54.06%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for PZVMX and HWMIX.
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Drawdown Indicators
| PZVMX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.06% | -69.84% | +15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -16.87% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -25.90% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -54.06% | -63.21% | +9.15% |
Current DrawdownCurrent decline from peak | -9.80% | -3.32% | -6.48% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -10.89% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 4.15% | +1.66% |
Volatility
PZVMX vs. HWMIX - Volatility Comparison
Pzena Mid Cap Value Fund (PZVMX) has a higher volatility of 6.41% compared to Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) at 4.30%. This indicates that PZVMX's price experiences larger fluctuations and is considered to be riskier than HWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZVMX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 4.30% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 12.42% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 23.86% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.26% | 22.34% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.21% | 25.62% | -0.41% |