VMVAX vs. HWMIX
Compare and contrast key facts about Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX).
VMVAX is managed by Vanguard. It was launched on Sep 27, 2011. HWMIX is managed by Hotchkis & Wiley. It was launched on Jan 2, 1997.
Performance
VMVAX vs. HWMIX - Performance Comparison
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VMVAX vs. HWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 4.50% | 12.06% | 13.63% | 10.12% | -7.89% | 28.77% | 2.45% | 28.03% | -12.44% | 17.04% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 6.74% | 7.87% | 3.62% | 19.87% | 1.63% | 39.18% | 0.49% | 12.97% | -19.32% | 7.69% |
Returns By Period
In the year-to-date period, VMVAX achieves a 4.50% return, which is significantly lower than HWMIX's 6.74% return. Over the past 10 years, VMVAX has outperformed HWMIX with an annualized return of 10.19%, while HWMIX has yielded a comparatively lower 9.08% annualized return.
VMVAX
- 1D
- 1.57%
- 1M
- -4.65%
- YTD
- 4.50%
- 6M
- 6.96%
- 1Y
- 17.12%
- 3Y*
- 13.73%
- 5Y*
- 8.62%
- 10Y*
- 10.19%
HWMIX
- 1D
- 1.52%
- 1M
- -2.06%
- YTD
- 6.74%
- 6M
- 8.96%
- 1Y
- 22.13%
- 3Y*
- 12.01%
- 5Y*
- 9.76%
- 10Y*
- 9.08%
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VMVAX vs. HWMIX - Expense Ratio Comparison
VMVAX has a 0.07% expense ratio, which is lower than HWMIX's 1.01% expense ratio.
Return for Risk
VMVAX vs. HWMIX — Risk / Return Rank
VMVAX
HWMIX
VMVAX vs. HWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX). 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.
| VMVAX | HWMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.93 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.41 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.35 | +0.12 |
Martin ratioReturn relative to average drawdown | 6.86 | 5.49 | +1.37 |
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
| VMVAX | HWMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.93 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.44 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.36 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.47 | +0.20 |
Correlation
The correlation between VMVAX and HWMIX is 0.89, 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
VMVAX vs. HWMIX - Dividend Comparison
VMVAX's dividend yield for the trailing twelve months is around 1.99%, more than HWMIX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 1.99% | 2.10% | 2.11% | 2.26% | 2.27% | 1.78% | 2.36% | 2.08% | 2.75% | 1.86% | 1.91% | 2.04% |
HWMIX Hotchkis & Wiley Mid-Cap Value Fund | 1.31% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
Drawdowns
VMVAX vs. HWMIX - Drawdown Comparison
The maximum VMVAX drawdown since its inception was -43.07%, smaller than the maximum HWMIX drawdown of -69.84%. Use the drawdown chart below to compare losses from any high point for VMVAX and HWMIX.
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Drawdown Indicators
| VMVAX | HWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.07% | -69.84% | +26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -16.87% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -25.90% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -43.07% | -63.21% | +20.14% |
Current DrawdownCurrent decline from peak | -4.72% | -3.32% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -10.89% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 4.15% | -1.48% |
Volatility
VMVAX vs. HWMIX - Volatility Comparison
Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) have volatilities of 4.24% and 4.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMVAX | HWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.30% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 12.42% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 23.86% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 22.34% | -6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 25.62% | -6.82% |