WSCVX vs. HWVIX

Last updated Jun 5, 2026

WSCVX (Walthausen Small Cap Value Fund) and HWVIX (Hotchkis & Wiley Small Cap Diversified Value Fund) are both Small Cap Value Equities funds. Over the past year, WSCVX returned 43.87% vs 28.65% for HWVIX. Their correlation of 0.87 suggests significant overlap in exposure. WSCVX charges 1.21%/yr vs 0.80%/yr for HWVIX.

Performance

WSCVX vs. HWVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Walthausen Small Cap Value Fund (WSCVX) and Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSCVX achieves a 20.98% return, which is significantly higher than HWVIX's 13.54% return.

WSCVX

• 1D: -1.41%
• 1M: 1.10%
• YTD: 20.98%
• 6M: 20.39%
• 1Y: 43.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HWVIX

• 1D: -1.38%
• 1M: -0.14%
• YTD: 13.54%
• 6M: 12.91%
• 1Y: 28.65%
• 3Y*: 12.23%
• 5Y*: 5.95%
• 10Y*: 10.60%

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

WSCVX vs. HWVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WSCVX Walthausen Small Cap Value Fund	20.98%	13.80%	29.11%	7.98%
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund	13.54%	3.02%	4.31%	12.26%

Correlation

The correlation between WSCVX and HWVIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.87

The correlation between WSCVX and HWVIX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

Return for Risk

WSCVX vs. HWVIX — Risk / Return Rank

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

WSCVX

WSCVX Risk / Return Rank: 78
WSCVX Sharpe Ratio Rank: 76
WSCVX Sortino Ratio Rank: 74
WSCVX Omega Ratio Rank: 60
WSCVX Calmar Ratio Rank: 92
WSCVX Martin Ratio Rank: 87

HWVIX

HWVIX Risk / Return Rank: 42
HWVIX Sharpe Ratio Rank: 31
HWVIX Sortino Ratio Rank: 33
HWVIX Omega Ratio Rank: 31
HWVIX Calmar Ratio Rank: 72
HWVIX Martin Ratio Rank: 41

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.

WSCVX vs. HWVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walthausen Small Cap Value Fund (WSCVX) and Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX). 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.

	WSCVX	HWVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.58	+0.94
Sortino ratio: Return per unit of downside risk	3.57	2.36	+1.20
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.13
Calmar ratio: Return relative to maximum drawdown	4.93	3.23	+1.70
Martin ratio: Return relative to average drawdown	16.14	8.76	+7.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WSCVX vs. HWVIX - Sharpe Ratio Comparison

The current WSCVX Sharpe Ratio is 2.52, which is higher than the HWVIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of WSCVX and HWVIX, 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

	WSCVX	HWVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.58	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.37	+0.86

Drawdowns

WSCVX vs. HWVIX - Drawdown Comparison

The maximum WSCVX drawdown since its inception was -22.34%, smaller than the maximum HWVIX drawdown of -52.18%. Use the drawdown chart below to compare losses from any high point for WSCVX and HWVIX.

Drawdown Indicators

	WSCVX	HWVIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-52.18%	+29.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-8.57%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.18%	—
Current Drawdown Current decline from peak	-1.41%	-1.38%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.26%	-8.28%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.15%	-0.42%

Volatility

WSCVX vs. HWVIX - Volatility Comparison

Walthausen Small Cap Value Fund (WSCVX) has a higher volatility of 5.58% compared to Hotchkis & Wiley Small Cap Diversified Value Fund (HWVIX) at 3.78%. This indicates that WSCVX's price experiences larger fluctuations and is considered to be riskier than HWVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSCVX	HWVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.78%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	10.79%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	17.59%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.09%	21.65%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.09%	24.45%	-2.36%

WSCVX vs. HWVIX - Expense Ratio Comparison

WSCVX has a 1.21% expense ratio, which is higher than HWVIX's 0.80% expense ratio.

Dividends

WSCVX vs. HWVIX - Dividend Comparison

WSCVX's dividend yield for the trailing twelve months is around 10.94%, more than HWVIX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWVIX Hotchkis & Wiley Small Cap Diversified Value Fund	1.01%	1.14%	6.28%	8.52%	9.38%	6.40%	0.96%	0.87%	10.51%	15.74%	0.78%	3.34%
WSCVX Walthausen Small Cap Value Fund	10.94%	13.23%	28.71%	9.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WSCVX and HWVIX in my portfolio?

WSCVX and HWVIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WSCVX or HWVIX?

WSCVX has higher volatility (5.58%) compared to HWVIX (3.78%). In terms of maximum drawdown, WSCVX dropped -22.34% vs HWVIX's -52.18%.

Which has better risk-adjusted returns?

WSCVX currently has the higher Sharpe Ratio (2.52 vs 1.58), 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.