HWSM vs IVV
Hotchkis & Wiley SMID Cap Diversified Value Fund ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HWSM delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HWSM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $3M | $907.0B | |
| Dividend Yield | 1.15% | 1.10% | |
| Holdings | 166 | 508 | |
| YTD Return | +16.53% | +12.71% | |
| 1Y Return | +23.66% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 12.0% | 15.1% | |
| Max Drawdown | -15.7% | -56.5% | |
| Fund Family | Hotchkis & Wiley Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2025 | May 15, 2000 |
HWSM vs IVV Performance
Hotchkis & Wiley SMID Cap Diversified Value Fund ETF (HWSM) is a ETF from Hotchkis & Wiley Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HWSM returned +23.66% while IVV returned +21.89%. Year to date, HWSM is up 16.53% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.0% for HWSM. 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.15% against 1.10% for IVV.
Holdings Overlap
HWSM and IVV share 41 holdings out of 629 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $52 per year of difference.
Which performed better, HWSM or IVV?
Over the past year HWSM returned +23.66% vs +21.89% for IVV, so HWSM leads on 1-year performance. Over the longest common window we track (1 years), HWSM annualized +21.62% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HWSM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.0% for HWSM. Worst drawdown: HWSM -15.7% vs IVV -56.5%.
Should I hold both HWSM and IVV?
HWSM and IVV have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HWSM and IVV?
HWSM and IVV share 41 common holdings with a 1.6% weight overlap. Combined, they hold 629 unique securities.
Which pays a higher dividend, HWSM or IVV?
HWSM yields 1.15% while IVV yields 1.10%, so HWSM currently pays the higher dividend yield.
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