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 28 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% | 11.58M | 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 42 mutual funds in the Long-Short category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Apr 2014 | HHCZX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 94 | — | Dec 2013 | HHCZX vs JAKRX | |
| Boston Partners Long/Short Equity Fund | 94 | — | Nov 1998 | HHCZX vs BPLEX | |
| BlackRock Global Long/Short Equity Fund Class I | 92 | — | Dec 2012 | HHCZX vs BDMIX | |
| Gotham Absolute Return Fund | 88 | — | Aug 2012 | HHCZX vs GARIX |
Top Performing HHCZX Alternatives (YTD)
HHCZX is at -4.23% YTD. There are 47 mutual funds in the Long-Short category with higher YTD returns, going as high as 18.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Guggenheim Alpha Opportunity Fund | 18.07% | — | Jul 2003 | HHCZX vs SAOAX | |
| ACM Dynamic Opportunity Fund | 13.72% | — | Jan 2015 | HHCZX vs ADOIX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.49% | — | Apr 2014 | HHCZX vs JAKVX | |
| John Hancock Disciplined Value Global Long/Short F... | 13.30% | — | Dec 2013 | HHCZX vs JAKRX | |
| BlackRock Global Long/Short Equity Fund Class I | 12.48% | — | Dec 2012 | HHCZX vs BDMIX |
Lowest Volatility Alternatives to HHCZX
HHCZX has 16.29% 1-year volatility. There are 48 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 4.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Neuberger Berman Long Short Fund | 4.91% | — | Dec 2011 | HHCZX vs NLSIX | |
| AB Select US Long/Short Portfolio | 5.31% | — | Dec 2012 | HHCZX vs ASILX | |
| MFS Managed Wealth Fund | 5.54% | — | Jun 2014 | HHCZX vs MNWIX | |
| Knights of Columbus Long/Short Equity Fund | 5.85% | — | Dec 2019 | HHCZX vs KCEIX | |
| Wilmington Global Alpha Equities Fund | 5.91% | — | Jan 2012 | HHCZX vs WRAIX |
Lowest Drawdown Alternatives to HHCZX
HHCZX has a 1-year max drawdown of -15.42%. There are 45 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 | |
| BlackRock Global Long/Short Equity Fund Class I | -3.54% | — | Dec 2012 | HHCZX vs BDMIX | |
| AB Select US Long/Short Portfolio | -3.61% | — | Dec 2012 | HHCZX vs ASILX | |
| Gotham Absolute Return Fund | -3.85% | — | Aug 2012 | HHCZX vs GARIX |
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 | 1.72% | — | Aug 2016 | HHCZX vs HMEZX |
Often Compared With HHCZX
Investors most often compare HHCZX with HFRO, HGLB, SNOIX. These 13 comparison targets span 3 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