NexPoint Event Driven Fund (HHCZX)

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The chart shows the growth of an initial investment of $10,000 in NexPoint Event Driven Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

NexPoint Event Driven Fund (HHCZX) has returned -7.03% so far this year and -0.12% over the past 12 months. Over the last ten years, HHCZX has returned 3.97% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since May 5, 2008, HHCZX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, your investment would double in approximately 13.8 years.

Historically, 53% of months were positive and 47% were negative. The best month was Apr 2020 with a return of +17.3%, while the worst month was Jul 2021 at -13.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.

On a daily basis, HHCZX closed higher 48% of trading days. The best single day was Dec 4, 2009 with a return of +14.2%, while the worst single day was Mar 16, 2020 at -11.2%.

NexPoint Event Driven Fund has an annualized alpha of 1.38%, beta of 0.36, and R² of 0.23 versus S&P 500 Index. Calculated based on daily prices since May 06, 2008.

• This fund participated in 31.75% of S&P 500 Index downside but only 29.33% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.36 may look defensive, but with R² of 0.23 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.23 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HHCZX has a high expense ratio of 1.69%, indicating above-average management fees.

HHCZX ranks 5 for risk / return — in the bottom 5% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for NexPoint Event Driven Fund (HHCZX) and compare them to a chosen benchmark (S&P 500 Index).

NexPoint Event Driven Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for NexPoint Event Driven Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the NexPoint Event Driven Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the NexPoint Event Driven Fund was 33.57%, occurring on May 31, 2017. Recovery took 340 trading sessions.

The current NexPoint Event Driven Fund drawdown is 18.41%.

The chart below shows the rolling one-month volatility.