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BIMBX vs. HMEZX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BIMBX and HMEZX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

BIMBX vs. HMEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Systematic Multi-Strategy Class I (BIMBX) and NexPoint Merger Arbitrage Fund (HMEZX). The values are adjusted to include any dividend payments, if applicable.

30.00%32.00%34.00%36.00%38.00%40.00%NovemberDecember2025FebruaryMarchApril
34.55%
40.72%
BIMBX
HMEZX

Key characteristics

Sharpe Ratio

BIMBX:

1.58

HMEZX:

3.49

Sortino Ratio

BIMBX:

2.33

HMEZX:

5.46

Omega Ratio

BIMBX:

1.30

HMEZX:

1.89

Calmar Ratio

BIMBX:

2.21

HMEZX:

5.21

Martin Ratio

BIMBX:

5.60

HMEZX:

30.36

Ulcer Index

BIMBX:

1.13%

HMEZX:

0.18%

Daily Std Dev

BIMBX:

4.02%

HMEZX:

1.59%

Max Drawdown

BIMBX:

-8.73%

HMEZX:

-8.00%

Current Drawdown

BIMBX:

-1.05%

HMEZX:

0.00%

Returns By Period

In the year-to-date period, BIMBX achieves a 2.57% return, which is significantly higher than HMEZX's 1.53% return.


BIMBX

YTD

2.57%

1M

0.10%

6M

1.82%

1Y

6.65%

5Y*

3.96%

10Y*

N/A

HMEZX

YTD

1.53%

1M

0.20%

6M

2.35%

1Y

5.42%

5Y*

3.81%

10Y*

N/A

*Annualized

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BIMBX vs. HMEZX - Expense Ratio Comparison

BIMBX has a 0.98% expense ratio, which is lower than HMEZX's 1.50% expense ratio.


Expense ratio chart for HMEZX: current value is 1.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HMEZX: 1.50%
Expense ratio chart for BIMBX: current value is 0.98%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BIMBX: 0.98%

Risk-Adjusted Performance

BIMBX vs. HMEZX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIMBX
The Risk-Adjusted Performance Rank of BIMBX is 8989
Overall Rank
The Sharpe Ratio Rank of BIMBX is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of BIMBX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BIMBX is 8787
Omega Ratio Rank
The Calmar Ratio Rank of BIMBX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BIMBX is 8787
Martin Ratio Rank

HMEZX
The Risk-Adjusted Performance Rank of HMEZX is 9898
Overall Rank
The Sharpe Ratio Rank of HMEZX is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of HMEZX is 9797
Sortino Ratio Rank
The Omega Ratio Rank of HMEZX is 9797
Omega Ratio Rank
The Calmar Ratio Rank of HMEZX is 9797
Calmar Ratio Rank
The Martin Ratio Rank of HMEZX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BIMBX vs. HMEZX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) and NexPoint Merger Arbitrage Fund (HMEZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for BIMBX, currently valued at 1.58, compared to the broader market-1.000.001.002.003.00
BIMBX: 1.58
HMEZX: 3.49
The chart of Sortino ratio for BIMBX, currently valued at 2.33, compared to the broader market-2.000.002.004.006.008.00
BIMBX: 2.33
HMEZX: 5.46
The chart of Omega ratio for BIMBX, currently valued at 1.30, compared to the broader market0.501.001.502.002.503.00
BIMBX: 1.30
HMEZX: 1.89
The chart of Calmar ratio for BIMBX, currently valued at 2.21, compared to the broader market0.002.004.006.008.0010.00
BIMBX: 2.21
HMEZX: 5.21
The chart of Martin ratio for BIMBX, currently valued at 5.60, compared to the broader market0.0010.0020.0030.0040.0050.00
BIMBX: 5.60
HMEZX: 30.36

The current BIMBX Sharpe Ratio is 1.58, which is lower than the HMEZX Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of BIMBX and HMEZX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00NovemberDecember2025FebruaryMarchApril
1.58
3.49
BIMBX
HMEZX

Dividends

BIMBX vs. HMEZX - Dividend Comparison

BIMBX's dividend yield for the trailing twelve months is around 3.98%, less than HMEZX's 5.07% yield.


TTM2024202320222021202020192018201720162015
BIMBX
BlackRock Systematic Multi-Strategy Class I
3.98%4.08%4.47%4.90%1.72%1.70%4.19%3.02%2.18%1.70%1.23%
HMEZX
NexPoint Merger Arbitrage Fund
5.07%5.08%5.07%5.12%1.29%0.00%0.00%15.16%5.26%0.01%0.00%

Drawdowns

BIMBX vs. HMEZX - Drawdown Comparison

The maximum BIMBX drawdown since its inception was -8.73%, which is greater than HMEZX's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for BIMBX and HMEZX. For additional features, visit the drawdowns tool.


-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%NovemberDecember2025FebruaryMarchApril
-1.05%
0
BIMBX
HMEZX

Volatility

BIMBX vs. HMEZX - Volatility Comparison

BlackRock Systematic Multi-Strategy Class I (BIMBX) has a higher volatility of 1.68% compared to NexPoint Merger Arbitrage Fund (HMEZX) at 1.09%. This indicates that BIMBX's price experiences larger fluctuations and is considered to be riskier than HMEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%NovemberDecember2025FebruaryMarchApril
1.68%
1.09%
BIMBX
HMEZX