HWGV vs SPY
Hotchkis & Wiley Global Value Fund ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HWGV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. HWGV is less concentrated, with 31.2% of the fund in its ten largest positions against 37.8%.
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 | HWGV | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $501,019.16 | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 62 | 505 |
| YTD Return | +0.77% | +11.97%Best |
| 1Y Return | - | +16.40% |
| 3Y Return (annualized) | - | +21.10% |
| 5Y Return (annualized) | - | +12.88% |
| Top 10 Weight | 31.2%Best | 37.8% |
| Fund Family | Hotchkis & Wiley Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Aug 27, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
HWGV vs SPY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HWGV vs SPY Performance
Hotchkis & Wiley Global Value Fund ETF (HWGV) is an ETF from Hotchkis & Wiley Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, HWGV is up 0.77% versus a gain of 11.97% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
HWGV charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, HWGV currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
54.1% of HWGV's money is in holdings SPY also owns. 6.4% of SPY's money is in holdings HWGV also owns.
The two portfolios partly overlap.
31 positions in common, counted across the 62 positions we hold weights for in HWGV and 504 in SPY, against full books of 62 and 505.
What only one of them owns
Our book lists 466 positions for SPY that do not appear in our book for HWGV (92.9% of the fund), and 7 for HWGV that do not appear in SPY (9.5%).
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 HWGV | Weight in SPY | Difference |
|---|---|---|---|
| WDAYWorkday, Inc., Class A | 6.31% | 0.06% | 6.25% |
| GOOGLAlphabet Inc,class A | 0.86% | 2.99% | 2.13% |
| GEHCGe Healthcare Technologies Inc | 3.28% | 0.05% | 3.23% |
| AIGAmerican International Gr | 3.26% | 0.06% | 3.20% |
| CRMSalesforce Inc Crm Us Equity | 2.71% | 0.32% | 2.39% |
| ELVElevance Health Inc | 2.89% | 0.13% | 2.76% |
| CICigna Corp. | 2.53% | 0.11% | 2.42% |
| WFCWells Fargo & Co. | 2.17% | 0.40% | 1.77% |
| MDTMedtronic Plc Ordinary Shares | 2.26% | 0.18% | 2.08% |
| FFIVF5 Networks Inc. | 2.34% | 0.03% | 2.31% |
54.1% of HWGV is already inside SPY.
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, HWGV or SPY?
HWGV has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
What is the holdings overlap between HWGV and SPY?
54.1% of HWGV's money is in holdings SPY also owns. 6.4% of SPY's is in holdings HWGV also owns. They hold 31 positions in common, counted across the 62 positions we hold weights for in HWGV and 504 in SPY.
Which pays a higher dividend, HWGV or SPY?
HWGV yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than HWGV?
SPY has a lower expense ratio. HWGV is less concentrated, with 31.2% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.