SVPIX vs. HWSAX

Last updated Jun 3, 2026

SVPIX (ProFunds 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, SVPIX returned 8.15%/yr vs 10.63%/yr for HWSAX. Their correlation of 0.93 suggests significant overlap in exposure. SVPIX charges 1.61%/yr vs 1.21%/yr for HWSAX.

Performance

SVPIX vs. HWSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Small Cap Value Fund (SVPIX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVPIX achieves a 14.06% return, which is significantly lower than HWSAX's 16.39% return. Over the past 10 years, SVPIX has underperformed HWSAX with an annualized return of 8.15%, while HWSAX has yielded a comparatively higher 10.63% annualized return.

SVPIX

• 1D: 0.17%
• 1M: 0.95%
• YTD: 14.06%
• 6M: 15.03%
• 1Y: 36.73%
• 3Y*: 11.55%
• 5Y*: 3.38%
• 10Y*: 8.15%

HWSAX

• 1D: 1.15%
• 1M: 1.47%
• YTD: 16.39%
• 6M: 16.60%
• 1Y: 29.89%
• 3Y*: 12.46%
• 5Y*: 8.98%
• 10Y*: 10.63%

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

SVPIX vs. HWSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVPIX ProFunds Small Cap Value Fund	14.06%	4.52%	4.54%	12.43%	-12.84%	28.86%	1.05%	22.26%	-14.02%	9.52%
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A	16.39%	1.38%	4.77%	18.56%	2.81%	35.32%	-0.50%	20.26%	-15.23%	7.39%

Correlation

The correlation between SVPIX and HWSAX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002	0.93

The correlation between SVPIX and HWSAX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

SVPIX vs. HWSAX — Risk / Return Rank

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

SVPIX

SVPIX Risk / Return Rank: 54
SVPIX Sharpe Ratio Rank: 45
SVPIX Sortino Ratio Rank: 45
SVPIX Omega Ratio Rank: 41
SVPIX Calmar Ratio Rank: 80
SVPIX Martin Ratio Rank: 60

HWSAX

HWSAX Risk / Return Rank: 40
HWSAX Sharpe Ratio Rank: 34
HWSAX Sortino Ratio Rank: 34
HWSAX Omega Ratio Rank: 33
HWSAX Calmar Ratio Rank: 53
HWSAX Martin Ratio Rank: 43

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.

SVPIX vs. HWSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Small Cap Value Fund (SVPIX) 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.

	SVPIX	HWSAX	Difference
Sharpe ratio Return per unit of total volatility	1.97	1.71	+0.26
Sortino ratio Return per unit of downside risk	2.84	2.44	+0.40
Omega ratio Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio Return relative to maximum drawdown	3.66	2.81	+0.86
Martin ratio Return relative to average drawdown	11.96	9.23	+2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVPIX vs. HWSAX - Sharpe Ratio Comparison

The current SVPIX Sharpe Ratio is 1.97, which is comparable to the HWSAX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of SVPIX and HWSAX, 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

	SVPIX	HWSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.71	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.42	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.43	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.48	-0.19

Drawdowns

SVPIX vs. HWSAX - Drawdown Comparison

The maximum SVPIX drawdown since its inception was -60.67%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for SVPIX and HWSAX.

Drawdown Indicators

	SVPIX	HWSAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.67%	-72.14%	+11.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-10.06%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	-26.98%	-2.69%
Max Drawdown (5Y) Largest decline over 5 years	-29.67%	-26.98%	-2.69%
Max Drawdown (10Y) Largest decline over 10 years	-49.17%	-53.82%	+4.65%
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-11.52%	-10.96%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.06%	-0.13%

Volatility

SVPIX vs. HWSAX - Volatility Comparison

ProFunds Small Cap Value Fund (SVPIX) has a higher volatility of 4.33% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 3.64%. This indicates that SVPIX'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.

Volatility by Period

	SVPIX	HWSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	3.64%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	11.22%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.28%	17.24%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.00%	21.53%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	24.62%	-1.11%

SVPIX vs. HWSAX - Expense Ratio Comparison

SVPIX has a 1.61% expense ratio, which is higher than HWSAX's 1.21% expense ratio.

Dividends

SVPIX vs. HWSAX - Dividend Comparison

SVPIX has not paid dividends to shareholders, while HWSAX's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A	0.60%	0.69%	8.19%	1.79%	13.39%	0.22%	0.63%	4.62%	9.45%	4.80%	0.00%	11.67%
SVPIX ProFunds Small Cap Value Fund	0.00%	0.00%	0.00%	0.00%	1.47%	0.18%	0.00%	0.07%	13.10%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVPIX and HWSAX in my portfolio?

SVPIX and HWSAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVPIX or HWSAX?

SVPIX has higher volatility (4.33%) compared to HWSAX (3.64%). In terms of maximum drawdown, SVPIX dropped -60.67% vs HWSAX's -72.14%.

Which has better risk-adjusted returns?

SVPIX currently has the higher Sharpe Ratio (1.97 vs 1.71), 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.