HHCZX vs. JAKRX
HHCZX (NexPoint Event Driven Fund) and JAKRX (John Hancock Disciplined Value Global Long/Short Fund Class A) are both Long-Short funds. Over the past year, HHCZX returned -0.59% vs 20.42% for JAKRX. At a 0.29 correlation, their price movements are largely independent. HHCZX charges 1.69%/yr vs 1.91%/yr for JAKRX.
Performance
HHCZX vs. JAKRX - Performance Comparison
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Returns By Period
In the year-to-date period, HHCZX achieves a -3.32% return, which is significantly lower than JAKRX's 11.25% return.
HHCZX
- 1D
- -0.12%
- 1M
- 0.71%
- 6M
- -6.57%
- YTD
- -3.32%
- 1Y
- -0.59%
- 3Y*
- 4.67%
- 5Y*
- 0.61%
- 10Y*
- 4.00%
JAKRX
- 1D
- 0.11%
- 1M
- 0.56%
- 6M
- 8.95%
- YTD
- 11.25%
- 1Y
- 20.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HHCZX vs. JAKRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHCZX NexPoint Event Driven Fund | -3.32% | 6.91% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 11.25% | 17.04% |
Correlation
The correlation between HHCZX and JAKRX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.30 |
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Return for Risk
HHCZX vs. JAKRX — Risk / Return Rank
HHCZX
JAKRX
HHCZX vs. JAKRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Event Driven Fund (HHCZX) and John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HHCZX | JAKRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.50 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.97 | -3.98 |
| Martin ratioReturn relative to average drawdown | -0.02 | 11.75 | -11.77 |
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Drawdowns
HHCZX vs. JAKRX - Drawdown Comparison
The maximum HHCZX drawdown since its inception was -33.57%, which is greater than JAKRX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for HHCZX and JAKRX.
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Drawdown Indicators
| HHCZX | JAKRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -5.16% | -28.41% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -5.16% | -10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.15% | — | — |
Current DrawdownCurrent decline from peak | -15.15% | -2.29% | -12.86% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -0.96% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 1.74% | +7.24% |
Volatility
HHCZX vs. JAKRX - Volatility Comparison
NexPoint Event Driven Fund (HHCZX) has a higher volatility of 3.07% compared to John Hancock Disciplined Value Global Long/Short Fund Class A (JAKRX) at 2.34%. This indicates that HHCZX's price experiences larger fluctuations and is considered to be riskier than JAKRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHCZX | JAKRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.34% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 6.42% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 7.87% | +8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 7.49% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 7.49% | +8.79% |
HHCZX vs. JAKRX - Expense Ratio Comparison
HHCZX has a 1.69% expense ratio, which is lower than JAKRX's 1.91% expense ratio.
Dividends
HHCZX vs. JAKRX - Dividend Comparison
HHCZX has not paid dividends to shareholders, while JAKRX's dividend yield for the trailing twelve months is around 7.28%.
| Position | 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% |
JAKRX John Hancock Disciplined Value Global Long/Short Fund Class A | 7.28% | 8.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HHCZX and JAKRX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HHCZX has higher volatility (3.07%) compared to JAKRX (2.34%). In terms of maximum drawdown, HHCZX dropped -33.57% vs JAKRX's -5.16%.
JAKRX currently has the higher Sharpe Ratio (2.61 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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