NexPoint Merger Arbitrage Fund (HMEZX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to HMEZX
HMEZX charges 1.50% annually. Among mutual funds in the Event Driven category, these options have the lowest expense ratios among HMEZX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Gabelli ABC Fund | 0.79% | May 13, 1993 | HMEZX vs GABCX | |
| Gabelli Enterprise Mergers and Acquisitions Fund | 1.01% | Feb 27, 2001 | HMEZX vs EMAYX | |
| BlackRock Event Driven Equity Fund | 1.16% | Dec 18, 2007 | HMEZX vs BILPX | |
| The Merger Fund Class I | 1.32% | Aug 1, 2013 | HMEZX vs MERIX | |
| The Arbitrage Fund | 1.43% | Sep 17, 2000 | HMEZX vs ARBFX |
Best Risk-Adjusted Alternatives to HMEZX
Among mutual funds in the Event Driven 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 | |
|---|---|---|---|---|
| The Merger Fund Class I | 99 | Aug 1, 2013 | HMEZX vs MERIX | |
| The Merger Fund | 99 | Jan 30, 1989 | HMEZX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | 99 | Oct 1, 2015 | HMEZX vs VARBX | |
| Dunham Monthly Distribution Fund | 98 | Jul 31, 2008 | HMEZX vs DAMDX | |
| The Arbitrage Fund Class Institutional | 97 | Oct 17, 2003 | HMEZX vs ARBNX |
Top Performing HMEZX Alternatives (YTD)
HMEZX alternatives from the Event Driven category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Gabelli Enterprise Mergers and Acquisitions Fund | 2.42% | Feb 27, 2001 | HMEZX vs EMAYX | |
| Camelot Event-Driven Fund Institutional Class | 1.36% | Jun 7, 2010 | HMEZX vs EVDIX | |
| Camelot Event Driven Fund Class A | 1.30% | Nov 21, 2003 | HMEZX vs EVDAX | |
| Gabelli ABC Fund | 1.20% | May 13, 1993 | HMEZX vs GABCX | |
| Dunham Monthly Distribution Fund | 1.02% | Jul 31, 2008 | HMEZX vs DAMDX |
Lowest Volatility Alternatives to HMEZX
HMEZX alternatives from the Event Driven category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | 1.35% | Oct 1, 2015 | HMEZX vs VARBX | |
| The Merger Fund Class I | 1.51% | Aug 1, 2013 | HMEZX vs MERIX | |
| The Merger Fund | 1.53% | Jan 30, 1989 | HMEZX vs MERFX | |
| Virtus Westchester Credit Event Fund | 2.21% | Dec 28, 2017 | HMEZX vs WCFRX | |
| The Arbitrage Fund Class Institutional | 2.43% | Oct 17, 2003 | HMEZX vs ARBNX |
Lowest Drawdown Alternatives to HMEZX
HMEZX alternatives from the Event Driven category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| The Merger Fund Class I | -0.47% | Aug 1, 2013 | HMEZX vs MERIX | |
| The Merger Fund | -0.52% | Jan 30, 1989 | HMEZX vs MERFX | |
| Vivaldi Merger Arbitrage Fund Class I | -0.64% | Oct 1, 2015 | HMEZX vs VARBX | |
| Dunham Monthly Distribution Fund | -1.56% | Jul 31, 2008 | HMEZX vs DAMDX | |
| The Arbitrage Fund Class Institutional | -1.74% | Oct 17, 2003 | HMEZX vs ARBNX |
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 Event Driven Fund | Long-Short | 5 | -7.03% | May 4, 2008 | HMEZX vs HHCZX |
Often Compared With HMEZX
What investors most often compare with HMEZX, 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.