HHCZX vs. BAC
Compare and contrast key facts about NexPoint Event Driven Fund (HHCZX) and Bank of America Corporation (BAC).
HHCZX is managed by Highland Funds. It was launched on May 4, 2008.
Performance
HHCZX vs. BAC - Performance Comparison
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HHCZX vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHCZX NexPoint Event Driven Fund | -7.03% | 6.52% | 7.22% | 5.44% | -5.49% | -17.31% | 22.24% | 11.36% | 12.72% | 8.76% |
BAC Bank of America Corporation | -10.86% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Returns By Period
In the year-to-date period, HHCZX achieves a -7.03% return, which is significantly higher than BAC's -10.86% return. Over the past 10 years, HHCZX has underperformed BAC with an annualized return of 3.97%, while BAC has yielded a comparatively higher 16.19% annualized return.
HHCZX
- 1D
- -0.18%
- 1M
- -8.24%
- YTD
- -7.03%
- 6M
- -4.80%
- 1Y
- -0.12%
- 3Y*
- 3.98%
- 5Y*
- -2.65%
- 10Y*
- 3.97%
BAC
- 1D
- 3.22%
- 1M
- -1.61%
- YTD
- -10.86%
- 6M
- -4.48%
- 1Y
- 19.45%
- 3Y*
- 22.60%
- 5Y*
- 6.87%
- 10Y*
- 16.19%
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Return for Risk
HHCZX vs. BAC — Risk / Return Rank
HHCZX
BAC
HHCZX vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Event Driven Fund (HHCZX) and Bank of America Corporation (BAC). 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.
| HHCZX | BAC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | 0.73 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.14 | 1.06 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.16 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.16 | -1.19 |
Martin ratioReturn relative to average drawdown | -0.08 | 3.17 | -3.25 |
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
| HHCZX | BAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 0.73 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.26 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.53 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.20 | +0.08 |
Correlation
The correlation between HHCZX and BAC is 0.33, 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
HHCZX vs. BAC - Dividend Comparison
HHCZX has not paid dividends to shareholders, while BAC's dividend yield for the trailing twelve months is around 2.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHCZX NexPoint Event Driven Fund | 0.00% | 0.00% | 0.56% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.06% | 0.00% | 4.27% |
BAC Bank of America Corporation | 2.26% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
Drawdowns
HHCZX vs. BAC - Drawdown Comparison
The maximum HHCZX drawdown since its inception was -33.57%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for HHCZX and BAC.
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Drawdown Indicators
| HHCZX | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -93.10% | +59.53% |
Max Drawdown (1Y)Largest decline over 1 year | -15.31% | -17.93% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -46.64% | +15.43% |
Max Drawdown (10Y)Largest decline over 10 years | -32.15% | -48.95% | +16.80% |
Current DrawdownCurrent decline from peak | -18.41% | -14.37% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -28.40% | +14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 6.57% | -1.16% |
Volatility
HHCZX vs. BAC - Volatility Comparison
The current volatility for NexPoint Event Driven Fund (HHCZX) is 3.62%, while Bank of America Corporation (BAC) has a volatility of 6.67%. This indicates that HHCZX experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHCZX | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 6.67% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 16.72% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 26.82% | -10.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 26.84% | -15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 30.80% | -14.43% |