VSMVX vs. HWSIX
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX).
VSMVX is managed by Vanguard. It was launched on Nov 19, 2014. HWSIX is managed by Hotchkis & Wiley. It was launched on Sep 20, 1985.
Performance
VSMVX vs. HWSIX - Performance Comparison
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VSMVX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 4.35% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 24.47% | -12.67% | 11.64% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 9.06% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
Returns By Period
In the year-to-date period, VSMVX achieves a 4.35% return, which is significantly lower than HWSIX's 9.06% return. Over the past 10 years, VSMVX has underperformed HWSIX with an annualized return of 9.53%, while HWSIX has yielded a comparatively higher 10.20% annualized return.
VSMVX
- 1D
- 2.16%
- 1M
- -3.89%
- YTD
- 4.35%
- 6M
- 7.26%
- 1Y
- 23.43%
- 3Y*
- 9.99%
- 5Y*
- 4.86%
- 10Y*
- 9.53%
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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VSMVX vs. HWSIX - Expense Ratio Comparison
VSMVX has a 0.08% expense ratio, which is lower than HWSIX's 1.06% expense ratio.
Return for Risk
VSMVX vs. HWSIX — Risk / Return Rank
VSMVX
HWSIX
VSMVX vs. HWSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) 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.
| VSMVX | HWSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.79 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.52 | 1.24 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.18 | +0.33 |
Martin ratioReturn relative to average drawdown | 5.76 | 4.41 | +1.35 |
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
| VSMVX | HWSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.79 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.43 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.41 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.45 | +0.02 |
Correlation
The correlation between VSMVX and HWSIX is 0.93, 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
VSMVX vs. HWSIX - Dividend Comparison
VSMVX's dividend yield for the trailing twelve months is around 1.82%, more than HWSIX's 0.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.82% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
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
VSMVX vs. HWSIX - Drawdown Comparison
The maximum VSMVX drawdown since its inception was -47.61%, smaller than the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for VSMVX and HWSIX.
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Drawdown Indicators
| VSMVX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.61% | -72.00% | +24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -15.74% | -16.44% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -28.81% | -26.92% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -47.61% | -53.67% | +6.06% |
Current DrawdownCurrent decline from peak | -6.15% | -1.06% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -12.12% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 4.42% | -0.27% |
Volatility
VSMVX vs. HWSIX - Volatility Comparison
Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) has a higher volatility of 5.50% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 4.45%. This indicates that VSMVX'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
| VSMVX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 4.45% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 12.99% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.83% | 23.98% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 21.71% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 24.67% | -0.52% |