SMVSX vs. HWSAX
Compare and contrast key facts about Invesco Small Cap Value Fund Class R6 (SMVSX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
SMVSX is a passively managed fund by Invesco that tracks the performance of the Russell 2000 Value Index. It was launched on Feb 7, 2017. HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000.
Performance
SMVSX vs. HWSAX - Performance Comparison
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SMVSX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMVSX Invesco Small Cap Value Fund Class R6 | 9.92% | 18.12% | 25.01% | 23.40% | 4.70% | 36.84% | 11.30% | 32.52% | -25.30% | 11.88% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 9.00% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 6.41% |
Returns By Period
In the year-to-date period, SMVSX achieves a 9.92% return, which is significantly higher than HWSAX's 9.00% return.
SMVSX
- 1D
- 3.07%
- 1M
- -8.68%
- YTD
- 9.92%
- 6M
- 16.43%
- 1Y
- 38.00%
- 3Y*
- 26.11%
- 5Y*
- 18.03%
- 10Y*
- —
HWSAX
- 1D
- 1.75%
- 1M
- 0.95%
- YTD
- 9.00%
- 6M
- 7.38%
- 1Y
- 18.60%
- 3Y*
- 10.15%
- 5Y*
- 9.03%
- 10Y*
- 9.96%
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SMVSX vs. HWSAX - Expense Ratio Comparison
SMVSX has a 0.72% expense ratio, which is lower than HWSAX's 1.21% expense ratio.
Return for Risk
SMVSX vs. HWSAX — Risk / Return Rank
SMVSX
HWSAX
SMVSX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Value Fund Class R6 (SMVSX) 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.
| SMVSX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 0.78 | +0.70 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.22 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.17 | +0.89 |
Martin ratioReturn relative to average drawdown | 7.90 | 4.34 | +3.57 |
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
| SMVSX | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.78 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.42 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.47 | +0.08 |
Correlation
The correlation between SMVSX and HWSAX is 0.91, 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
SMVSX vs. HWSAX - Dividend Comparison
SMVSX's dividend yield for the trailing twelve months is around 7.77%, more than HWSAX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMVSX Invesco Small Cap Value Fund Class R6 | 7.77% | 8.54% | 7.42% | 4.78% | 9.57% | 15.80% | 0.48% | 2.36% | 26.72% | 15.91% | 0.00% | 0.00% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.64% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Drawdowns
SMVSX vs. HWSAX - Drawdown Comparison
The maximum SMVSX drawdown since its inception was -57.41%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for SMVSX and HWSAX.
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Drawdown Indicators
| SMVSX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.41% | -72.14% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.59% | -16.44% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.23% | -26.98% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.82% | — |
Current DrawdownCurrent decline from peak | -8.68% | -1.09% | -7.59% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -11.03% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 4.43% | -0.12% |
Volatility
SMVSX vs. HWSAX - Volatility Comparison
Invesco Small Cap Value Fund Class R6 (SMVSX) has a higher volatility of 8.82% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 4.45%. This indicates that SMVSX'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
| SMVSX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 4.45% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.83% | 12.99% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.87% | 23.99% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 21.71% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 24.65% | +2.51% |