HWSM vs IVV
Hotchkis & Wiley SMID Cap Diversified Value Fund ETF vs iShares Core S&P 500 ETF
Which is better, HWSM or IVV?
Mid Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. HWSM is less concentrated, with 14.7% of the fund in its ten largest positions against 38.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HWSM | IVV |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $3M | $896.5B |
| Dividend Yield | 1.22% | 1.10% |
| Holdings | 332 | 508 |
| YTD Return | +10.33% | +13.59%Best |
| 1Y Return | +14.89% | +17.54%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 13.1% | 11.7%Best |
| Max Drawdown | -15.7% | -12.1%Best |
| $10,000 over 1.5 years | $12,363 | $13,888Best |
| Top 10 Weight | 14.7%Best | 38.9% |
| Fund Family | Hotchkis & Wiley Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Mar 31, 2025 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 31, 2025 to Oct 14, 2026 (1.5 years).
HWSM vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
HWSM vs IVV Performance
Hotchkis & Wiley SMID Cap Diversified Value Fund ETF (HWSM) is an ETF from Hotchkis & Wiley Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HWSM returned +14.89% while IVV returned +17.54%. Year to date, HWSM is up 10.33% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HWSM has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 11.7% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.7% for HWSM and -12.1% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HWSM charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, HWSM currently yields 1.22% against 1.10% for IVV.
Holdings Overlap
29.6% of HWSM's money is in holdings IVV also owns. 1.3% of IVV's money is in holdings HWSM also owns.
HWSM and IVV share little of their money.
35 positions in common, counted across the 174 positions we hold weights for in HWSM and 506 in IVV, against full books of 332 and 508.
What only one of them owns
Our book lists 465 positions for IVV that do not appear in our book for HWSM (98.2% of the fund), and 136 for HWSM that do not appear in IVV (68.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HWSM | Weight in IVV | Difference |
|---|---|---|---|
| WDAYWorkday, Inc., Class A | 2.05% | 0.06% | 1.99% |
| FFIVF5 Networks Inc. | 1.88% | 0.04% | 1.84% |
| GEHCGe Healthcare Technologies Inc | 1.82% | 0.04% | 1.78% |
| PPGPpg Industries Inc. | 1.54% | 0.04% | 1.50% |
| DDominion Energy Inc. | 1.48% | 0.08% | 1.40% |
| APAApa Corp | 1.50% | 0.02% | 1.48% |
| AIGAmerican International Gr | 1.28% | 0.06% | 1.22% |
| HSTHost Hotels & Resorts Inc | 1.07% | 0.02% | 1.05% |
| ACGLArch Capital Group Ltd 5.450% | 1.02% | 0.05% | 0.97% |
| BENFranklin Resources Inc. | 1.02% | 0.01% | 1.01% |
29.6% of HWSM is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HWSM or IVV?
HWSM has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, HWSM or IVV?
Over the past year HWSM returned +14.89% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), HWSM annualized +15.19% vs +24.48% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HWSM or IVV?
HWSM has been the more volatile fund at 13.1% annualized versus 11.7% for IVV. Worst drawdown: HWSM -15.7% vs IVV -12.1%.
Should I hold both HWSM and IVV?
HWSM and IVV have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HWSM and IVV?
29.6% of HWSM's money is in holdings IVV also owns. 1.3% of IVV's is in holdings HWSM also owns. They hold 35 positions in common, counted across the 174 positions we hold weights for in HWSM and 506 in IVV.
Which pays a higher dividend, HWSM or IVV?
HWSM yields 1.22% while IVV yields 1.10%, so HWSM currently pays the higher dividend yield.
Is IVV better than HWSM?
IVV has a lower expense ratio. IVV led over 1Y and the full window. HWSM is less concentrated, with 14.7% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.