HHCZX vs. SPEDX
Compare and contrast key facts about NexPoint Event Driven Fund (HHCZX) and Alger Dynamic Opportunities Fund (SPEDX).
HHCZX is managed by Highland Funds. It was launched on May 4, 2008. SPEDX is managed by Alger. It was launched on Nov 1, 2009.
Performance
HHCZX vs. SPEDX - Performance Comparison
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HHCZX vs. SPEDX - 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% |
SPEDX Alger Dynamic Opportunities Fund | -7.22% | 6.22% | 23.03% | 4.24% | -13.90% | 3.96% | 47.30% | 12.79% | -2.32% | 9.46% |
Returns By Period
The year-to-date returns for both stocks are quite close, with HHCZX having a -7.03% return and SPEDX slightly lower at -7.22%. Over the past 10 years, HHCZX has underperformed SPEDX with an annualized return of 3.97%, while SPEDX has yielded a comparatively higher 7.51% 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%
SPEDX
- 1D
- -0.24%
- 1M
- -2.74%
- YTD
- -7.22%
- 6M
- -8.54%
- 1Y
- 4.09%
- 3Y*
- 8.27%
- 5Y*
- 1.91%
- 10Y*
- 7.51%
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HHCZX vs. SPEDX - Expense Ratio Comparison
HHCZX has a 1.69% expense ratio, which is higher than SPEDX's 0.91% expense ratio.
Return for Risk
HHCZX vs. SPEDX — Risk / Return Rank
HHCZX
SPEDX
HHCZX vs. SPEDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Event Driven Fund (HHCZX) and Alger Dynamic Opportunities Fund (SPEDX). 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 | SPEDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | 0.39 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.14 | 0.60 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.41 | -0.44 |
Martin ratioReturn relative to average drawdown | -0.08 | 1.26 | -1.34 |
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 | SPEDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 0.39 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.16 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.59 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.48 | -0.20 |
Correlation
The correlation between HHCZX and SPEDX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HHCZX vs. SPEDX - Dividend Comparison
HHCZX has not paid dividends to shareholders, while SPEDX's dividend yield for the trailing twelve months is around 0.10%.
| 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% |
SPEDX Alger Dynamic Opportunities Fund | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 5.69% | 4.94% | 3.75% | 1.92% | 0.00% | 0.32% | 0.00% |
Drawdowns
HHCZX vs. SPEDX - Drawdown Comparison
The maximum HHCZX drawdown since its inception was -33.57%, which is greater than SPEDX's maximum drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for HHCZX and SPEDX.
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Drawdown Indicators
| HHCZX | SPEDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -29.02% | -4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.31% | -9.18% | -6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -31.21% | -29.02% | -2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.15% | -29.02% | -3.13% |
Current DrawdownCurrent decline from peak | -18.41% | -9.18% | -9.23% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -7.00% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 2.99% | +2.42% |
Volatility
HHCZX vs. SPEDX - Volatility Comparison
NexPoint Event Driven Fund (HHCZX) has a higher volatility of 3.62% compared to Alger Dynamic Opportunities Fund (SPEDX) at 2.69%. This indicates that HHCZX's price experiences larger fluctuations and is considered to be riskier than SPEDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHCZX | SPEDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 2.69% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 7.63% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 10.43% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 12.02% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 12.78% | +3.59% |