HHCZX vs. BDMIX
Compare and contrast key facts about NexPoint Event Driven Fund (HHCZX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
HHCZX is managed by Highland Funds. It was launched on May 4, 2008. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.
Performance
HHCZX vs. BDMIX - Performance Comparison
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HHCZX vs. BDMIX - 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% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 4.32% | 18.30% | 21.39% | 14.55% | 1.80% | 3.34% | 0.29% | -0.85% | 2.20% | 12.85% |
Returns By Period
In the year-to-date period, HHCZX achieves a -7.03% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, HHCZX has underperformed BDMIX with an annualized return of 3.97%, while BDMIX has yielded a comparatively higher 7.29% 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%
BDMIX
- 1D
- 0.73%
- 1M
- 1.60%
- YTD
- 4.32%
- 6M
- 8.75%
- 1Y
- 17.17%
- 3Y*
- 18.86%
- 5Y*
- 11.38%
- 10Y*
- 7.29%
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HHCZX vs. BDMIX - Expense Ratio Comparison
HHCZX has a 1.69% expense ratio, which is higher than BDMIX's 1.57% expense ratio.
Return for Risk
HHCZX vs. BDMIX — Risk / Return Rank
HHCZX
BDMIX
HHCZX vs. BDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Event Driven Fund (HHCZX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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 | BDMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | 2.55 | -2.56 |
Sortino ratioReturn per unit of downside risk | 0.14 | 3.73 | -3.59 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.48 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 5.14 | -5.16 |
Martin ratioReturn relative to average drawdown | -0.08 | 14.25 | -14.33 |
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 | BDMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 2.55 | -2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 1.76 | -2.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 1.27 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.15 | -0.88 |
Correlation
The correlation between HHCZX and BDMIX is 0.04, 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. BDMIX - Dividend Comparison
HHCZX has not paid dividends to shareholders, while BDMIX's dividend yield for the trailing twelve months is around 8.56%.
| 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% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 8.56% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
Drawdowns
HHCZX vs. BDMIX - Drawdown Comparison
The maximum HHCZX drawdown since its inception was -33.57%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for HHCZX and BDMIX.
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Drawdown Indicators
| HHCZX | BDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -11.89% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.31% | -3.60% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -7.45% | -23.76% |
Max Drawdown (10Y)Largest decline over 10 years | -32.15% | -9.44% | -22.71% |
Current DrawdownCurrent decline from peak | -18.41% | -0.13% | -18.28% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -2.71% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 1.30% | +4.11% |
Volatility
HHCZX vs. BDMIX - Volatility Comparison
NexPoint Event Driven Fund (HHCZX) has a higher volatility of 3.62% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that HHCZX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHCZX | BDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 1.72% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 4.78% | +10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 6.93% | +9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 6.51% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 5.77% | +10.60% |