WWSIX vs. KMDIX

Last updated Jun 4, 2026

WWSIX (Keeley Small Cap Fund Class Institutional) and KMDIX (Keeley Mid Cap Dividend Value Fund) are both mutual funds - WWSIX is a Small Cap Blend Equities fund actively managed by Keeley, while KMDIX is a Mid Cap Value Equities fund managed by Keeley. Over the past 10 years, WWSIX returned 14.69%/yr vs 9.97%/yr for KMDIX. Their correlation of 0.91 suggests significant overlap in exposure. WWSIX charges 1.00%/yr vs 0.95%/yr for KMDIX.

Performance

WWSIX vs. KMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keeley Small Cap Fund Class Institutional (WWSIX) and Keeley Mid Cap Dividend Value Fund (KMDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WWSIX achieves a 26.69% return, which is significantly higher than KMDIX's 11.09% return. Over the past 10 years, WWSIX has outperformed KMDIX with an annualized return of 14.69%, while KMDIX has yielded a comparatively lower 9.97% annualized return.

WWSIX

• 1D: 1.16%
• 1M: 4.17%
• YTD: 26.69%
• 6M: 27.09%
• 1Y: 60.23%
• 3Y*: 24.00%
• 5Y*: 11.84%
• 10Y*: 14.69%

KMDIX

• 1D: 1.29%
• 1M: 0.93%
• YTD: 11.09%
• 6M: 9.51%
• 1Y: 17.82%
• 3Y*: 16.08%
• 5Y*: 8.63%
• 10Y*: 9.97%

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

WWSIX vs. KMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WWSIX Keeley Small Cap Fund Class Institutional	26.69%	17.55%	15.79%	12.87%	-12.30%	30.04%	11.27%	28.74%	-13.49%	16.07%
KMDIX Keeley Mid Cap Dividend Value Fund	11.09%	9.35%	14.71%	12.72%	-5.27%	24.84%	-1.56%	25.93%	-12.60%	15.98%

Correlation

The correlation between WWSIX and KMDIX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011	0.91

The correlation between WWSIX and KMDIX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

WWSIX vs. KMDIX — Risk / Return Rank

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

WWSIX

WWSIX Risk / Return Rank: 89
WWSIX Sharpe Ratio Rank: 91
WWSIX Sortino Ratio Rank: 84
WWSIX Omega Ratio Rank: 79
WWSIX Calmar Ratio Rank: 96
WWSIX Martin Ratio Rank: 95

KMDIX

KMDIX Risk / Return Rank: 22
KMDIX Sharpe Ratio Rank: 19
KMDIX Sortino Ratio Rank: 20
KMDIX Omega Ratio Rank: 19
KMDIX Calmar Ratio Rank: 25
KMDIX Martin Ratio Rank: 28

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.

WWSIX vs. KMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keeley Small Cap Fund Class Institutional (WWSIX) and Keeley Mid Cap Dividend Value Fund (KMDIX). 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.

	WWSIX	KMDIX	Difference
Sharpe ratio: Return per unit of total volatility	3.10	1.26	+1.84
Sortino ratio: Return per unit of downside risk	4.05	1.90	+2.15
Omega ratio: Gain probability vs. loss probability	1.53	1.23	+0.30
Calmar ratio: Return relative to maximum drawdown	6.30	1.84	+4.47
Martin ratio: Return relative to average drawdown	22.98	6.59	+16.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WWSIX vs. KMDIX - Sharpe Ratio Comparison

The current WWSIX Sharpe Ratio is 3.10, which is higher than the KMDIX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of WWSIX and KMDIX, 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

	WWSIX	KMDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	1.26	+1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.47	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.19	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.28	+0.16

Drawdowns

WWSIX vs. KMDIX - Drawdown Comparison

The maximum WWSIX drawdown since its inception was -59.71%, smaller than the maximum KMDIX drawdown of -73.51%. Use the drawdown chart below to compare losses from any high point for WWSIX and KMDIX.

Drawdown Indicators

	WWSIX	KMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.71%	-73.51%	+13.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.17%	-10.56%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-26.17%	-21.22%	-4.95%
Max Drawdown (5Y) Largest decline over 5 years	-26.17%	-21.22%	-4.95%
Max Drawdown (10Y) Largest decline over 10 years	-45.11%	-73.51%	+28.40%
Current Drawdown Current decline from peak	-0.34%	-9.56%	+9.22%
Average Drawdown Average peak-to-trough decline	-8.96%	-26.16%	+17.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.94%	-0.16%

Volatility

WWSIX vs. KMDIX - Volatility Comparison

Keeley Small Cap Fund Class Institutional (WWSIX) has a higher volatility of 5.21% compared to Keeley Mid Cap Dividend Value Fund (KMDIX) at 4.38%. This indicates that WWSIX's price experiences larger fluctuations and is considered to be riskier than KMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WWSIX	KMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.38%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	10.95%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	15.42%	+5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	18.48%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.72%	52.56%	-28.84%

WWSIX vs. KMDIX - Expense Ratio Comparison

WWSIX has a 1.00% expense ratio, which is higher than KMDIX's 0.95% expense ratio.

Dividends

WWSIX vs. KMDIX - Dividend Comparison

WWSIX's dividend yield for the trailing twelve months is around 6.09%, more than KMDIX's 4.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KMDIX Keeley Mid Cap Dividend Value Fund	4.98%	6.03%	7.73%	5.40%	4.38%	1.14%	1.48%	2.42%	4.72%	0.82%	1.00%	5.46%
WWSIX Keeley Small Cap Fund Class Institutional	6.09%	7.72%	28.12%	3.00%	1.85%	5.58%	0.20%	4.70%	14.34%	8.83%	9.05%	18.47%

Frequently Asked Questions

Can I hold both WWSIX and KMDIX in my portfolio?

WWSIX and KMDIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WWSIX or KMDIX?

WWSIX has higher volatility (5.21%) compared to KMDIX (4.38%). In terms of maximum drawdown, WWSIX dropped -59.71% vs KMDIX's -73.51%.

Which has better risk-adjusted returns?

WWSIX currently has the higher Sharpe Ratio (3.10 vs 1.26), 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.