Highland Funds I - Highland Opportunities and Income Fund (HFRO) Alternatives
Highland Funds I - Highland Opportunities and Income Fund (HFRO) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HFRO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to HFRO
HFRO charges 0.02% annually. Among mutual funds in the Diversified Portfolio category, these options have the lowest expense ratios among HFRO alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| John Hancock Diversified Income Fund | 0.02% | May 26, 2011 | HFRO vs HEQ | |
| Fidelity 70% Allocation Fund | 0.02% | Jan 1, 2022 | HFRO vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | Sep 12, 2017 | HFRO vs PALDX | |
| Dimensional Managed Account Fund | 0.03% | Mar 16, 2012 | HFRO vs DMA | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | Dec 8, 2011 | HFRO vs TSAIX |
Best Risk-Adjusted Alternatives to HFRO
Among mutual funds in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | Nov 16, 2003 | HFRO vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | Dec 24, 2002 | HFRO vs TIBIX | |
| Chartwell Income Fund | 96 | Sep 2, 1987 | HFRO vs BERIX | |
| Nuveen Flexible Income Fund | 95 | Dec 8, 2009 | HFRO vs NWQIX | |
| Victory Pioneer Multi-Asset Income Class R-6 | 93 | Dec 22, 2011 | HFRO vs PMFKX |
Top Performing HFRO Alternatives (YTD)
HFRO alternatives from the Diversified Portfolio category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 9.34% | Apr 8, 2012 | HFRO vs SIFAX | |
| PGIM Real Assets Fund | 9.23% | Dec 29, 2010 | HFRO vs PUDZX | |
| ICON Equity Income Fund | 8.64% | May 9, 2004 | HFRO vs IOEZX | |
| DWS RREEF Real Assets Fund - Class A | 8.59% | Jul 30, 2007 | HFRO vs AAAAX | |
| Canoe EIT Income Fund | 8.56% | Aug 6, 1997 | HFRO vs EIT-UN.TO |
Lowest Volatility Alternatives to HFRO
HFRO alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.93% | Nov 16, 2003 | HFRO vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.64% | Apr 8, 2012 | HFRO vs SCLAX | |
| Ave Maria Bond Fund | 3.44% | Apr 30, 2003 | HFRO vs AVEFX | |
| American Funds College 2027 Fund | 3.47% | Sep 13, 2012 | HFRO vs CSTAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 3.66% | Nov 16, 2003 | HFRO vs SICIX |
Lowest Drawdown Alternatives to HFRO
HFRO alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.59% | Nov 16, 2003 | HFRO vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | Apr 8, 2012 | HFRO vs SCLAX | |
| Ave Maria Bond Fund | -2.52% | Apr 30, 2003 | HFRO vs AVEFX | |
| American Funds College 2027 Fund | -2.72% | Sep 13, 2012 | HFRO vs CSTAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.73% | Nov 16, 2003 | HFRO vs SICIX |
Other Mutual Funds from Highland Funds
Most popular Highland Funds mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | Event Driven | 99 | 0.66% | Aug 18, 2016 | HFRO vs HMEZX | |
| Highland Global Allocation Fund | Global Allocation | 13 | -9.43% | Jan 5, 1998 | HFRO vs HGLB | |
| NexPoint Event Driven Fund | Long-Short | 5 | -7.03% | May 4, 2008 | HFRO vs HHCZX |
Often Compared With HFRO
What investors most often compare with HFRO, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| LMP Capital and Income Fund Inc. | Diversified Portfolio | 11 | 3.21% | — | HFRO vs SCD | |
| American Funds Capital Income Builder Fund Class F... | Diversified Portfolio | 80 | 0.23% | — | HFRO vs CFIHX | |
| Concorde Wealth Management Fund | Diversified Portfolio | 87 | 8.18% | Dec 3, 1987 | HFRO vs CONWX | |
| Catholic Responsible Investments Magnus 75/25 Fund | Diversified Portfolio | 44 | -4.31% | Dec 2, 2021 | HFRO vs CMUVX | |
| Quantified Managed Income Fund | Diversified Portfolio | 26 | -0.76% | Aug 8, 2013 | HFRO vs QBDSX | |
| Kinetics The Global Fund | Diversified Portfolio | 12 | 5.17% | Dec 30, 1999 | HFRO vs WWWEX | |
| Virtus Total Return Fund | Diversified Portfolio | 81 | 7.49% | Feb 24, 2005 | HFRO vs ZTR | |
| Timothy Plan Defensive Strategies Fund | Diversified Portfolio | 93 | 7.48% | Nov 3, 2009 | HFRO vs TPDAX |
Compare HFRO with Any Fund or Stock
Compare HFRO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.