PZVSX vs. HWSIX
Compare and contrast key facts about Pzena Small Cap Value Fund (PZVSX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX).
PZVSX is managed by Pzena. It was launched on Apr 27, 2016. HWSIX is managed by Hotchkis & Wiley. It was launched on Sep 20, 1985.
Performance
PZVSX vs. HWSIX - Performance Comparison
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PZVSX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZVSX Pzena Small Cap Value Fund | 2.79% | -4.94% | 1.62% | 25.62% | -5.33% | 27.93% | -0.09% | 24.84% | -15.19% | 2.10% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 9.06% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 6.67% |
Returns By Period
In the year-to-date period, PZVSX achieves a 2.79% return, which is significantly lower than HWSIX's 9.06% return.
PZVSX
- 1D
- 2.16%
- 1M
- -6.09%
- YTD
- 2.79%
- 6M
- -2.15%
- 1Y
- 10.52%
- 3Y*
- 6.80%
- 5Y*
- 4.27%
- 10Y*
- —
HWSIX
- 1D
- 1.75%
- 1M
- 0.97%
- YTD
- 9.06%
- 6M
- 7.50%
- 1Y
- 18.87%
- 3Y*
- 10.40%
- 5Y*
- 9.25%
- 10Y*
- 10.20%
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PZVSX vs. HWSIX - Expense Ratio Comparison
PZVSX has a 1.52% expense ratio, which is higher than HWSIX's 1.06% expense ratio.
Return for Risk
PZVSX vs. HWSIX — Risk / Return Rank
PZVSX
HWSIX
PZVSX vs. HWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena Small Cap Value Fund (PZVSX) 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.
| PZVSX | HWSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.79 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.24 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.18 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.18 | -0.58 |
Martin ratioReturn relative to average drawdown | 1.54 | 4.41 | -2.87 |
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
| PZVSX | HWSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.79 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.43 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.45 | -0.25 |
Correlation
The correlation between PZVSX and HWSIX 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
PZVSX vs. HWSIX - Dividend Comparison
PZVSX's dividend yield for the trailing twelve months is around 2.27%, more than HWSIX's 0.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZVSX Pzena Small Cap Value Fund | 2.27% | 2.33% | 7.03% | 0.45% | 17.31% | 1.25% | 1.39% | 0.00% | 4.56% | 7.54% | 0.00% | 0.00% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.92% | 1.01% | 8.35% | 1.90% | 13.44% | 0.36% | 0.80% | 4.89% | 9.84% | 5.07% | 0.41% | 11.78% |
Drawdowns
PZVSX vs. HWSIX - Drawdown Comparison
The maximum PZVSX drawdown since its inception was -54.22%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for PZVSX and HWSIX.
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Drawdown Indicators
| PZVSX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.22% | -72.00% | +17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -16.44% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -26.92% | -5.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.67% | — |
Current DrawdownCurrent decline from peak | -11.31% | -1.06% | -10.25% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -12.12% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 4.42% | +2.30% |
Volatility
PZVSX vs. HWSIX - Volatility Comparison
Pzena Small Cap Value Fund (PZVSX) has a higher volatility of 6.36% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 4.45%. This indicates that PZVSX'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.
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Volatility by Period
| PZVSX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 4.45% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 12.99% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.72% | 23.98% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 21.71% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 24.67% | +2.92% |