TASCX vs. HWSAX
Compare and contrast key facts about Third Avenue Small Cap Value Fund (TASCX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
TASCX is managed by Third Avenue. It was launched on Apr 1, 1997. HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000.
Performance
TASCX vs. HWSAX - Performance Comparison
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TASCX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 6.59% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 7.13% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
Returns By Period
In the year-to-date period, TASCX achieves a 6.59% return, which is significantly lower than HWSAX's 7.13% return. Both investments have delivered pretty close results over the past 10 years, with TASCX having a 10.22% annualized return and HWSAX not far behind at 9.77%.
TASCX
- 1D
- 0.00%
- 1M
- -3.17%
- YTD
- 6.59%
- 6M
- 11.59%
- 1Y
- 27.41%
- 3Y*
- 14.03%
- 5Y*
- 10.00%
- 10Y*
- 10.22%
HWSAX
- 1D
- -0.30%
- 1M
- -0.14%
- YTD
- 7.13%
- 6M
- 5.59%
- 1Y
- 16.59%
- 3Y*
- 9.52%
- 5Y*
- 9.01%
- 10Y*
- 9.77%
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TASCX vs. HWSAX - Expense Ratio Comparison
TASCX has a 1.15% expense ratio, which is lower than HWSAX's 1.21% expense ratio.
Return for Risk
TASCX vs. HWSAX — Risk / Return Rank
TASCX
HWSAX
TASCX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Small Cap Value Fund (TASCX) 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.
| TASCX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.72 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.15 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.16 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.91 | +1.18 |
Martin ratioReturn relative to average drawdown | 8.93 | 3.37 | +5.57 |
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
| TASCX | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.72 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.42 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.40 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.47 | -0.01 |
Correlation
The correlation between TASCX and HWSAX is 0.88, 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
TASCX vs. HWSAX - Dividend Comparison
TASCX's dividend yield for the trailing twelve months is around 3.54%, more than HWSAX's 0.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 3.54% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.65% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Drawdowns
TASCX vs. HWSAX - Drawdown Comparison
The maximum TASCX drawdown since its inception was -58.55%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for TASCX and HWSAX.
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Drawdown Indicators
| TASCX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.55% | -72.14% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -16.44% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.26% | -26.98% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -40.45% | -53.82% | +13.37% |
Current DrawdownCurrent decline from peak | -4.60% | -2.78% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -11.03% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 4.43% | -1.60% |
Volatility
TASCX vs. HWSAX - Volatility Comparison
The current volatility for Third Avenue Small Cap Value Fund (TASCX) is 3.87%, while Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) has a volatility of 4.15%. This indicates that TASCX experiences smaller price fluctuations and is considered to be less risky 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
| TASCX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.15% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 12.90% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 23.98% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.47% | 21.70% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.17% | 24.64% | -0.47% |