VESMX vs. HWSIX
Compare and contrast key facts about VELA Small Cap Fund (VESMX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX).
VESMX is managed by VELA Funds. It was launched on Sep 29, 2020. HWSIX is managed by Hotchkis & Wiley. It was launched on Sep 20, 1985.
Performance
VESMX vs. HWSIX - Performance Comparison
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VESMX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | 0.20% | 8.12% | 10.77% | 11.22% | -5.53% | 31.60% | 21.26% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 9.06% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | 27.44% |
Returns By Period
In the year-to-date period, VESMX achieves a 0.20% return, which is significantly lower than HWSIX's 9.06% return.
VESMX
- 1D
- 1.79%
- 1M
- -5.61%
- YTD
- 0.20%
- 6M
- 6.44%
- 1Y
- 13.81%
- 3Y*
- 10.24%
- 5Y*
- 5.98%
- 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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VESMX vs. HWSIX - Expense Ratio Comparison
VESMX has a 1.20% expense ratio, which is higher than HWSIX's 1.06% expense ratio.
Return for Risk
VESMX vs. HWSIX — Risk / Return Rank
VESMX
HWSIX
VESMX vs. HWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA Small Cap Fund (VESMX) 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.
| VESMX | HWSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.79 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.24 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.18 | -0.09 |
Martin ratioReturn relative to average drawdown | 4.08 | 4.41 | -0.33 |
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
| VESMX | HWSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.79 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.43 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.45 | +0.31 |
Correlation
The correlation between VESMX and HWSIX is 0.92, 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
VESMX vs. HWSIX - Dividend Comparison
VESMX's dividend yield for the trailing twelve months is around 1.01%, more than HWSIX's 0.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | 1.01% | 1.01% | 0.22% | 0.66% | 0.69% | 0.98% | 0.06% | 0.00% | 0.00% | 0.00% | 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
VESMX vs. HWSIX - Drawdown Comparison
The maximum VESMX drawdown since its inception was -20.35%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for VESMX and HWSIX.
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Drawdown Indicators
| VESMX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.35% | -72.00% | +51.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -16.44% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -26.92% | +6.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.67% | — |
Current DrawdownCurrent decline from peak | -6.56% | -1.06% | -5.50% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -12.12% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 4.42% | -0.99% |
Volatility
VESMX vs. HWSIX - Volatility Comparison
VELA Small Cap Fund (VESMX) has a higher volatility of 5.12% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 4.45%. This indicates that VESMX'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
| VESMX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 4.45% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 12.99% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 23.98% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 21.71% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 24.67% | -6.32% |