HWSM
Hotchkis & Wiley SMID Cap Diversified Value ETF
Hotchkis & Wiley SMID Cap Diversified Value Fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio of U.S. small to mid-cap value stocks that are trading below their intrinsic value.
US
EQUITY
Active
MANAGEMENT STYLE
2.5 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Hotchkis & Wiley |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 28, 2025 |
| Assets (mns) | $2 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JAZZ PHARMACEUTICALS PLC | 1.2 % |
| APA CORP. | 1.2 % |
| CRANE HOLDINGS, CO. | 1.2 % |
| GE HEALTHCARE TECHNOLOGIES INC. | 1.1 % |
| WESTERN ALLIANCE BANCORP | 1.1 % |
| KEYCORP | 1.1 % |
| AXALTA COATING SYSTEMS LTD. | 1.1 % |
| SYNCHRONY FINANCIAL | 1.1 % |
| CITIZENS FINANCIAL GROUP, INC. | 1.1 % |
| ZIONS BANCORPORATION | 1.1 % |
Constituent Breakdown
| Number of holdings | 161 |
| Herfindahl-Hirschman Index | 71 |
| Wgt avg mkt cap (mns) | $12,084 |
| Large cap (>$10bn) | 38.3% |
| Mid cap ($2-10bn) | 53.5% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.0 % |
 |
BRITAIN | 2.8 % |
 |
IRELAND | 1.8 % |
 |
CANADA | 1.7 % |
 |
BERMUDA | 1.6 % |
 |
PUERTO RICO | 1.0 % |
 |
SWEDEN | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | 28.9% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | 28.9% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 21.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $26.30 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.19/0.08 |
| Bollinger Bands (Upper/Lower) | $27.26/$25.10 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HWSM |
Expenses vs. HWSM |
ALTAR Score™ vs. HWSM |
|---|---|---|---|---|
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 25.9% | +15 bp | +10.4% |
| DFSV | Dimensional US Small Cap Value ETF | 21.9% | -24 bp | +10.1% |
| EZM | WisdomTree U.S. MidCap Fund | 20.7% | -17 bp | +8.4% |
| DFAT | Dimensional U.S. Targeted Value ETF | 20.3% | -27 bp | +9.6% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 19.6% | -37 bp | +8.4% |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 18.9% | -40 bp | +8.5% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 18.7% | -45 bp | +8.5% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 18.2% | +12 bp | +9.7% |
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 17.3% | +5 bp | +6.7% |
| JHSC | John Hancock Multifactor Small Cap ETF | 17.3% | -13 bp | +6.5% |
Risk and Returns: HWSM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
HWSM
10.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1025 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. HWSM's ALTAR Score™ is approximately
2.0 standard deviations
above
the category average. This places HWSM in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HWSMSELL
U/W
HOLD
O/W
BUY