HGLB vs. RAPZX
Compare and contrast key facts about Highland Global Allocation Fund (HGLB) and Cohen & Steers Real Assets Fund Inc (RAPZX).
HGLB is managed by Highland Funds. It was launched on Jan 5, 1998. RAPZX is managed by Cohen & Steers. It was launched on Jan 30, 2012.
Performance
HGLB vs. RAPZX - Performance Comparison
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HGLB vs. RAPZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HGLB Highland Global Allocation Fund | -9.43% | 51.74% | -1.52% | -6.15% | 14.53% | 53.22% | -17.98% | -31.46% |
RAPZX Cohen & Steers Real Assets Fund Inc | 10.26% | 11.96% | 4.35% | 3.88% | -2.05% | 23.51% | -0.84% | 8.28% |
Returns By Period
In the year-to-date period, HGLB achieves a -9.43% return, which is significantly lower than RAPZX's 10.26% return.
HGLB
- 1D
- 2.55%
- 1M
- -10.65%
- YTD
- -9.43%
- 6M
- -6.44%
- 1Y
- 8.73%
- 3Y*
- 8.85%
- 5Y*
- 12.97%
- 10Y*
- —
RAPZX
- 1D
- 0.25%
- 1M
- -2.41%
- YTD
- 10.26%
- 6M
- 7.91%
- 1Y
- 16.67%
- 3Y*
- 10.27%
- 5Y*
- 8.74%
- 10Y*
- 7.09%
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HGLB vs. RAPZX - Expense Ratio Comparison
HGLB has a 0.02% expense ratio, which is lower than RAPZX's 0.80% expense ratio.
Return for Risk
HGLB vs. RAPZX — Risk / Return Rank
HGLB
RAPZX
HGLB vs. RAPZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Highland Global Allocation Fund (HGLB) and Cohen & Steers Real Assets Fund Inc (RAPZX). 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.
| HGLB | RAPZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.41 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.65 | 1.77 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.94 | -1.57 |
Martin ratioReturn relative to average drawdown | 0.98 | 8.99 | -8.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HGLB | RAPZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.41 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.68 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.34 | -0.22 |
Correlation
The correlation between HGLB and RAPZX is 0.39, 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.
Dividends
HGLB vs. RAPZX - Dividend Comparison
HGLB's dividend yield for the trailing twelve months is around 13.04%, more than RAPZX's 1.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGLB Highland Global Allocation Fund | 13.04% | 11.57% | 14.27% | 12.82% | 10.32% | 9.39% | 15.44% | 11.35% | 0.00% | 0.00% | 0.00% | 0.00% |
RAPZX Cohen & Steers Real Assets Fund Inc | 1.31% | 1.44% | 3.20% | 2.71% | 3.08% | 9.61% | 1.71% | 2.85% | 2.06% | 1.76% | 2.83% | 2.00% |
Drawdowns
HGLB vs. RAPZX - Drawdown Comparison
The maximum HGLB drawdown since its inception was -70.40%, which is greater than RAPZX's maximum drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for HGLB and RAPZX.
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Drawdown Indicators
| HGLB | RAPZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.40% | -30.69% | -39.71% |
Max Drawdown (1Y)Largest decline over 1 year | -23.34% | -8.84% | -14.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.88% | -19.31% | -10.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.69% | — |
Current DrawdownCurrent decline from peak | -19.42% | -2.88% | -16.54% |
Average DrawdownAverage peak-to-trough decline | -18.21% | -8.16% | -10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.77% | 1.90% | +6.87% |
Volatility
HGLB vs. RAPZX - Volatility Comparison
Highland Global Allocation Fund (HGLB) has a higher volatility of 8.17% compared to Cohen & Steers Real Assets Fund Inc (RAPZX) at 2.90%. This indicates that HGLB's price experiences larger fluctuations and is considered to be riskier than RAPZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGLB | RAPZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 2.90% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 9.10% | +9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.33% | 12.24% | +13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 12.86% | +9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.93% | 12.81% | +15.12% |