NexPoint Merger Arbitrage Fund (HMEZX) belongs to the Event Driven category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HMEZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HMEZX
HMEZX charges 1.50% annually. There are 7 mutual funds in the Event Driven category with lower expense ratios, going as low as 0.79%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | — | May 1993 | HMEZX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | — | Feb 2001 | HMEZX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | — | Dec 2007 | HMEZX vs BILPX | |
| The Merger Fund Class I | 1.32% | — | Aug 2013 | HMEZX vs MERIX | |
| The Arbitrage Fund | 1.43% | — | Sep 2000 | HMEZX vs ARBFX |
Best Risk-Adjusted Alternatives to HMEZX
HMEZX has a PortfoliosLab risk / return rank of 99. No mutual funds in the Event Driven category have higher risk-adjusted ranks; the top alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| The Merger Fund Class I | 98 | — | Aug 2013 | HMEZX vs MERIX | |
| Vivaldi Merger Arbitrage Fund Class I | 98 | — | Oct 2015 | HMEZX vs VARBX | |
| The Arbitrage Fund Class Institutional | 97 | — | Oct 2003 | HMEZX vs ARBNX | |
| The Merger Fund | 97 | — | Jan 1989 | HMEZX vs MERFX | |
| The Arbitrage Fund | 97 | — | Sep 2000 | HMEZX vs ARBFX |
Top Performing HMEZX Alternatives (YTD)
HMEZX is at 1.72% YTD. There are 4 mutual funds in the Event Driven category with higher YTD returns, going as high as 7.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 7.89% | — | Feb 2001 | HMEZX vs EMAYX | |
| Gabelli ABC Fund | 4.60% | — | May 1993 | HMEZX vs GABCX | |
| Camelot Event-Driven Fund Institutional Class | 3.13% | — | Jun 2010 | HMEZX vs EVDIX | |
| Camelot Event Driven Fund Class A | 3.02% | — | Nov 2003 | HMEZX vs EVDAX | |
| Water Island Event-Driven Fund | 1.64% | — | Sep 2010 | HMEZX vs AEDNX |
Lowest Volatility Alternatives to HMEZX
HMEZX has 1.23% 1-year volatility. There is 1 mutual fund in the Event Driven category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.12% | — | Oct 2015 | HMEZX vs VARBX | |
| The Merger Fund Class I | 1.40% | — | Aug 2013 | HMEZX vs MERIX | |
| The Merger Fund | 1.43% | — | Jan 1989 | HMEZX vs MERFX | |
| Virtus Westchester Credit Event Fund | 1.67% | — | Dec 2017 | HMEZX vs WCFRX | |
| Dunham Monthly Distribution Fund | 1.72% | — | Jul 2008 | HMEZX vs DAMDX |
Lowest Drawdown Alternatives to HMEZX
HMEZX has a 1-year max drawdown of -0.55%. There are 2 mutual funds in the Event Driven category with shallower 1-year drawdowns, going as shallow as -0.47%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| The Merger Fund Class I | -0.47% | — | Aug 2013 | HMEZX vs MERIX | |
| The Merger Fund | -0.52% | — | Jan 1989 | HMEZX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | — | Oct 2015 | HMEZX vs VARBX | |
| The Arbitrage Fund | -0.88% | — | Sep 2000 | HMEZX vs ARBFX | |
| The Arbitrage Fund Class Institutional | -0.92% | — | Oct 2003 | HMEZX vs ARBNX |
Other Mutual Funds from Highland Funds
The 1 most viewed Highland Funds mutual funds shown here include HHCZX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NexPoint Event Driven Fund | Long-Short | 3 | -4.23% | — | May 2008 | HMEZX vs HHCZX |
Often Compared With HMEZX
Investors most often compare HMEZX with BIMBX, MARB, VOO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare HMEZX with Any Fund or Stock
Compare HMEZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HMEZX with funds that move differently
NexPoint Merger Arbitrage Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HMEZX.
Explore HMEZX Diversifiers