NexPoint Event Driven Fund (HHCZX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HHCZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HHCZX
HHCZX charges 1.69% annually. There are 26 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parvin Hedged Equity Solari World Fund | 0.01% | — | Jan 2021 | HHCZX vs PHSWX | |
| MFS Managed Wealth Fund | 0.67% | — | Jun 2014 | HHCZX vs MNWIX | |
| WisdomTree Efficient Long/Short US Equity Fund | 0.88% | 12.07M | Jan 2026 | HHCZX vs WTLS | |
| Alger Dynamic Opportunities Fund | 0.91% | — | Nov 2009 | HHCZX vs SPEDX | |
| Salient Tactical Plus Fund | 1.08% | — | Dec 2012 | HHCZX vs BTPIX |
Best Risk-Adjusted Alternatives to HHCZX
HHCZX has a PortfoliosLab risk / return rank of 3. There are 46 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 98 | — | Nov 1998 | HHCZX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 97 | — | Oct 1998 | HHCZX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 97 | 601.30M | Nov 1998 | HHCZX vs VMNFX | |
| Quantitative U.S. Long/Short Equity Portfolio | 95 | — | Sep 2006 | HHCZX vs GTAPX | |
| Knights of Columbus Long/Short Equity Fund | 95 | — | Dec 2019 | HHCZX vs KCEIX |
Top Performing HHCZX Alternatives (YTD)
HHCZX is at -3.95% YTD. There are 50 mutual funds in the Long-Short category with higher YTD returns, going as high as 21.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Boston Partners Long/Short Equity Fund | 21.35% | — | Nov 1998 | HHCZX vs BPLEX | |
| Vanguard Market Neutral Fund Institutional Shares | 16.18% | — | Oct 1998 | HHCZX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 16.18% | 601.30M | Nov 1998 | HHCZX vs VMNFX | |
| Guggenheim Alpha Opportunity Fund | 15.92% | — | Jul 2003 | HHCZX vs SAOAX | |
| Wasatch Long/Short Alpha Fund | 13.20% | — | Sep 2021 | HHCZX vs WALSX |
Lowest Volatility Alternatives to HHCZX
HHCZX has 16.77% 1-year volatility. There are 44 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.67%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 5.67% | — | Dec 2011 | HHCZX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.75% | — | Dec 2012 | HHCZX vs ASILX | |
| MFS Managed Wealth Fund | 6.03% | — | Jun 2014 | HHCZX vs MNWIX | |
| Wilmington Global Alpha Equities Fund | 6.25% | — | Jan 2012 | HHCZX vs WRAIX | |
| Knights of Columbus Long/Short Equity Fund | 6.51% | — | Dec 2019 | HHCZX vs KCEIX |
Lowest Drawdown Alternatives to HHCZX
HHCZX has a 1-year max drawdown of -15.42%. There are 44 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -2.82% | — | Dec 2019 | HHCZX vs KCEIX | |
| Quantitative U.S. Long/Short Equity Portfolio | -3.01% | — | Sep 2006 | HHCZX vs GTAPX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | HHCZX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | HHCZX vs GARIX | |
| Persimmon Long/Short Fund | -3.90% | — | Dec 2012 | HHCZX vs LSEIX |
Other Mutual Funds from Highland Funds
The 1 most viewed Highland Funds mutual funds shown here include HMEZX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | Event Driven | 99 | 2.30% | — | Aug 2016 | HHCZX vs HMEZX |
Often Compared With HHCZX
Investors most often compare HHCZX with HFRO, HGLB, SNOIX. These 17 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare HHCZX with Any Fund or Stock
Compare HHCZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HHCZX with funds that move differently
NexPoint Event Driven Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HHCZX.
Explore HHCZX Diversifiers