HHCZX vs. JAKVX
HHCZX (NexPoint Event Driven Fund) and JAKVX (John Hancock Disciplined Value Global Long/Short Fund Class R6) are both Long-Short funds. Over the past year, HHCZX returned -0.59% vs 20.81% for JAKVX. At a 0.30 correlation, their price movements are largely independent. HHCZX charges 1.69%/yr vs 1.54%/yr for JAKVX.
Performance
HHCZX vs. JAKVX - 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 JAKVX's 11.44% 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%
JAKVX
- 1D
- 0.06%
- 1M
- 0.56%
- 6M
- 9.13%
- YTD
- 11.44%
- 1Y
- 20.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HHCZX vs. JAKVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHCZX NexPoint Event Driven Fund | -3.32% | 6.91% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 11.44% | 17.29% |
Correlation
The correlation between HHCZX and JAKVX 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. JAKVX — Risk / Return Rank
HHCZX
JAKVX
HHCZX vs. JAKVX - 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 R6 (JAKVX). 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 | JAKVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.50 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.05 | -4.06 |
| Martin ratioReturn relative to average drawdown | -0.02 | 11.98 | -12.00 |
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Drawdowns
HHCZX vs. JAKVX - Drawdown Comparison
The maximum HHCZX drawdown since its inception was -33.57%, which is greater than JAKVX's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for HHCZX and JAKVX.
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Drawdown Indicators
| HHCZX | JAKVX | 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% | -0.97% | -13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 1.74% | +7.24% |
Volatility
HHCZX vs. JAKVX - 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 R6 (JAKVX) at 2.34%. This indicates that HHCZX's price experiences larger fluctuations and is considered to be riskier than JAKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHCZX | JAKVX | 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% | 6.47% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 7.93% | +8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 7.53% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 7.53% | +8.75% |
HHCZX vs. JAKVX - Expense Ratio Comparison
HHCZX has a 1.69% expense ratio, which is higher than JAKVX's 1.54% expense ratio.
Dividends
HHCZX vs. JAKVX - Dividend Comparison
HHCZX has not paid dividends to shareholders, while JAKVX's dividend yield for the trailing twelve months is around 7.60%.
| 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% |
JAKVX John Hancock Disciplined Value Global Long/Short Fund Class R6 | 7.60% | 8.47% | 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 JAKVX 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 JAKVX (2.34%). In terms of maximum drawdown, HHCZX dropped -33.57% vs JAKVX's -5.16%.
JAKVX currently has the higher Sharpe Ratio (2.64 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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