Correlation
The correlation between HMEZX and AVUV is 0.32, 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.
HMEZX vs. AVUV
Compare and contrast key facts about NexPoint Merger Arbitrage Fund (HMEZX) and Avantis U.S. Small Cap Value ETF (AVUV).
HMEZX is managed by Highland Funds. It was launched on Aug 18, 2016. AVUV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMEZX or AVUV.
Performance
HMEZX vs. AVUV - Performance Comparison
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Key characteristics
HMEZX:
3.80
AVUV:
-0.09
HMEZX:
5.91
AVUV:
0.05
HMEZX:
1.97
AVUV:
1.01
HMEZX:
5.66
AVUV:
-0.08
HMEZX:
33.03
AVUV:
-0.22
HMEZX:
0.18%
AVUV:
10.94%
HMEZX:
1.59%
AVUV:
25.73%
HMEZX:
-7.17%
AVUV:
-49.42%
HMEZX:
-0.05%
AVUV:
-16.51%
Returns By Period
In the year-to-date period, HMEZX achieves a 2.35% return, which is significantly higher than AVUV's -8.36% return.
HMEZX
2.35%
0.66%
2.87%
6.01%
4.93%
5.52%
N/A
AVUV
-8.36%
6.68%
-15.78%
-2.28%
5.82%
19.44%
N/A
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HMEZX vs. AVUV - Expense Ratio Comparison
HMEZX has a 1.50% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Risk-Adjusted Performance
HMEZX vs. AVUV — Risk-Adjusted Performance Rank
HMEZX
AVUV
HMEZX vs. AVUV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Merger Arbitrage Fund (HMEZX) and Avantis U.S. Small Cap Value ETF (AVUV). 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.
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Dividends
HMEZX vs. AVUV - Dividend Comparison
HMEZX's dividend yield for the trailing twelve months is around 5.03%, more than AVUV's 1.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 5.03% | 5.08% | 5.07% | 5.12% | 3.63% | 5.82% | 0.33% | 19.06% | 6.88% | 0.02% |
AVUV Avantis U.S. Small Cap Value ETF | 1.80% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMEZX vs. AVUV - Drawdown Comparison
The maximum HMEZX drawdown since its inception was -7.17%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for HMEZX and AVUV.
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Volatility
HMEZX vs. AVUV - Volatility Comparison
The current volatility for NexPoint Merger Arbitrage Fund (HMEZX) is 0.30%, while Avantis U.S. Small Cap Value ETF (AVUV) has a volatility of 6.84%. This indicates that HMEZX experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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