The average small-cap fund has clobbered its large-cap counterpart and the S&P 500 in the past 15 years, but it’s failed to keep its lead in the stock market this year. Hotchkis & Wiley Small Cap Value Fund has generated an average annual return of 12.88% the past 15 years vs. 10.45% for its peers tracked by Morningstar Inc. and 4.58% for the S&P 500. The fund has handed investors a gain of 3.56% year-to-date vs.