VSIIX vs. HWSAX
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000.
Performance
VSIIX vs. HWSAX - Performance Comparison
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VSIIX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 3.11% | 9.10% | 11.37% | 17.06% | -9.31% | 28.12% | 5.81% | 22.81% | -12.24% | 11.80% |
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% | 7.39% |
Returns By Period
In the year-to-date period, VSIIX achieves a 3.11% return, which is significantly lower than HWSAX's 9.00% return. Both investments have delivered pretty close results over the past 10 years, with VSIIX having a 10.09% annualized return and HWSAX not far behind at 9.96%.
VSIIX
- 1D
- 2.29%
- 1M
- -5.20%
- YTD
- 3.11%
- 6M
- 4.83%
- 1Y
- 18.58%
- 3Y*
- 13.37%
- 5Y*
- 7.56%
- 10Y*
- 10.09%
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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VSIIX vs. HWSAX - Expense Ratio Comparison
VSIIX has a 0.06% expense ratio, which is lower than HWSAX's 1.21% expense ratio.
Return for Risk
VSIIX vs. HWSAX — Risk / Return Rank
VSIIX
HWSAX
VSIIX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) 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.
| VSIIX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.78 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.22 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.17 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.63 | 4.34 | +1.30 |
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
| VSIIX | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.78 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.42 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.41 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.47 | -0.04 |
Correlation
The correlation between VSIIX and HWSAX is 0.94, 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
VSIIX vs. HWSAX - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.91%, more than HWSAX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.91% | 1.96% | 1.99% | 2.10% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% |
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
VSIIX vs. HWSAX - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, smaller than the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for VSIIX and HWSAX.
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Drawdown Indicators
| VSIIX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.05% | -72.14% | +10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -16.44% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -26.98% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | -53.82% | +8.44% |
Current DrawdownCurrent decline from peak | -6.14% | -1.09% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -11.03% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 4.43% | -0.99% |
Volatility
VSIIX vs. HWSAX - Volatility Comparison
Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) has a higher volatility of 5.53% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 4.45%. This indicates that VSIIX'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
| VSIIX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 4.45% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 12.99% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 23.99% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 21.71% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 24.65% | -2.82% |