WHGLX vs. WHGIX

Last updated Jun 3, 2026

WHGLX (Westwood Quality Value Fund) and WHGIX (Westwood Income Opportunity Fund) are both mutual funds - WHGLX is a Large Cap Value Equities fund managed by Westwood, while WHGIX is a Diversified Portfolio fund managed by Westwood. Over the past 10 years, WHGLX returned 9.54%/yr vs 6.65%/yr for WHGIX. Their correlation of 0.84 suggests significant overlap in exposure. WHGLX charges 0.65%/yr vs 0.81%/yr for WHGIX.

Performance

WHGLX vs. WHGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Quality Value Fund (WHGLX) and Westwood Income Opportunity Fund (WHGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WHGLX achieves a 5.55% return, which is significantly lower than WHGIX's 7.25% return. Over the past 10 years, WHGLX has outperformed WHGIX with an annualized return of 9.54%, while WHGIX has yielded a comparatively lower 6.65% annualized return.

WHGLX

• 1D: -0.72%
• 1M: 0.82%
• YTD: 5.55%
• 6M: 5.50%
• 1Y: 11.60%
• 3Y*: 10.46%
• 5Y*: 6.45%
• 10Y*: 9.54%

WHGIX

• 1D: 0.29%
• 1M: 4.08%
• YTD: 7.25%
• 6M: 7.73%
• 1Y: 19.12%
• 3Y*: 11.92%
• 5Y*: 4.82%
• 10Y*: 6.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WHGLX vs. WHGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WHGLX Westwood Quality Value Fund	5.55%	5.73%	10.52%	8.91%	-5.64%	23.73%	2.71%	27.34%	-6.18%	20.86%
WHGIX Westwood Income Opportunity Fund	7.25%	11.90%	9.10%	9.91%	-12.80%	8.50%	10.84%	17.71%	-4.89%	10.96%

Correlation

The correlation between WHGLX and WHGIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 29, 2006	0.84

The correlation between WHGLX and WHGIX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

Return for Risk

WHGLX vs. WHGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WHGLX

WHGLX Risk / Return Rank: 20
WHGLX Sharpe Ratio Rank: 18
WHGLX Sortino Ratio Rank: 18
WHGLX Omega Ratio Rank: 17
WHGLX Calmar Ratio Rank: 21
WHGLX Martin Ratio Rank: 27

WHGIX

WHGIX Risk / Return Rank: 86
WHGIX Sharpe Ratio Rank: 88
WHGIX Sortino Ratio Rank: 87
WHGIX Omega Ratio Rank: 82
WHGIX Calmar Ratio Rank: 84
WHGIX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WHGLX vs. WHGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Quality Value Fund (WHGLX) and Westwood Income Opportunity Fund (WHGIX). 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.

	WHGLX	WHGIX	Difference
Sharpe ratio Return per unit of total volatility	1.23	2.90	-1.67
Sortino ratio Return per unit of downside risk	1.80	4.16	-2.36
Omega ratio Gain probability vs. loss probability	1.22	1.55	-0.33
Calmar ratio Return relative to maximum drawdown	1.73	4.00	-2.27
Martin ratio Return relative to average drawdown	6.61	17.77	-11.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WHGLX vs. WHGIX - Sharpe Ratio Comparison

The current WHGLX Sharpe Ratio is 1.23, which is lower than the WHGIX Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of WHGLX and WHGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WHGLX	WHGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.90	-1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.58	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.74	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.81	-0.37

Drawdowns

WHGLX vs. WHGIX - Drawdown Comparison

The maximum WHGLX drawdown since its inception was -51.00%, which is greater than WHGIX's maximum drawdown of -24.14%. Use the drawdown chart below to compare losses from any high point for WHGLX and WHGIX.

Drawdown Indicators

	WHGLX	WHGIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.00%	-24.14%	-26.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-4.90%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-9.81%	-5.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.62%	-19.20%	+2.58%
Max Drawdown (10Y) Largest decline over 10 years	-36.32%	-24.14%	-12.18%
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-7.67%	-3.11%	-4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.10%	+0.72%

Volatility

WHGLX vs. WHGIX - Volatility Comparison

Westwood Quality Value Fund (WHGLX) and Westwood Income Opportunity Fund (WHGIX) have volatilities of 2.49% and 2.42%, 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.

Volatility by Period

	WHGLX	WHGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	2.42%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	7.52%	5.42%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	6.77%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	8.33%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	8.95%	+7.29%

WHGLX vs. WHGIX - Expense Ratio Comparison

WHGLX has a 0.65% expense ratio, which is lower than WHGIX's 0.81% expense ratio.

Dividends

WHGLX vs. WHGIX - Dividend Comparison

WHGLX's dividend yield for the trailing twelve months is around 20.76%, more than WHGIX's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WHGIX Westwood Income Opportunity Fund	3.33%	3.28%	4.33%	3.49%	3.03%	10.97%	7.83%	29.20%	6.78%	3.45%	1.04%	1.58%
WHGLX Westwood Quality Value Fund	20.76%	21.91%	7.64%	3.78%	1.52%	17.70%	5.86%	4.63%	12.36%	6.53%	4.04%	10.08%

Frequently Asked Questions

Can I hold both WHGLX and WHGIX in my portfolio?

WHGLX and WHGIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WHGLX or WHGIX?

WHGLX has higher volatility (2.49%) compared to WHGIX (2.42%). In terms of maximum drawdown, WHGLX dropped -51.00% vs WHGIX's -24.14%.

Which has better risk-adjusted returns?

WHGIX currently has the higher Sharpe Ratio (2.90 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.