HMEZX vs. BIMBX
Compare and contrast key facts about NexPoint Merger Arbitrage Fund (HMEZX) and BlackRock Systematic Multi-Strategy Class I (BIMBX).
HMEZX is managed by Highland Funds. It was launched on Aug 18, 2016. BIMBX is managed by BlackRock. It was launched on May 19, 2015.
Performance
HMEZX vs. BIMBX - Performance Comparison
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HMEZX vs. BIMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 0.81% | 6.30% | 7.42% | 4.10% | 2.70% | 5.37% | 8.46% | 8.10% | 5.92% | 5.48% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 1.16% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
Returns By Period
In the year-to-date period, HMEZX achieves a 0.81% return, which is significantly lower than BIMBX's 1.16% return. Over the past 10 years, HMEZX has outperformed BIMBX with an annualized return of 5.89%, while BIMBX has yielded a comparatively lower 4.72% annualized return.
HMEZX
- 1D
- 0.15%
- 1M
- 0.46%
- YTD
- 0.81%
- 6M
- 2.14%
- 1Y
- 5.71%
- 3Y*
- 6.42%
- 5Y*
- 4.92%
- 10Y*
- 5.89%
BIMBX
- 1D
- 0.19%
- 1M
- -2.60%
- YTD
- 1.16%
- 6M
- 3.25%
- 1Y
- 3.15%
- 3Y*
- 6.56%
- 5Y*
- 4.18%
- 10Y*
- 4.72%
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HMEZX vs. BIMBX - Expense Ratio Comparison
HMEZX has a 1.50% expense ratio, which is higher than BIMBX's 0.98% expense ratio.
Return for Risk
HMEZX vs. BIMBX — Risk / Return Rank
HMEZX
BIMBX
HMEZX vs. BIMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Merger Arbitrage Fund (HMEZX) and BlackRock Systematic Multi-Strategy Class I (BIMBX). 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.
| HMEZX | BIMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.60 | 0.81 | +2.78 |
Sortino ratioReturn per unit of downside risk | 5.64 | 1.19 | +4.45 |
Omega ratioGain probability vs. loss probability | 1.96 | 1.15 | +0.82 |
Calmar ratioReturn relative to maximum drawdown | 5.53 | 0.98 | +4.55 |
Martin ratioReturn relative to average drawdown | 35.87 | 3.51 | +32.36 |
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
| HMEZX | BIMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.60 | 0.81 | +2.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.94 | 1.19 | +1.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.54 | 1.34 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.59 | 1.44 | +0.15 |
Correlation
The correlation between HMEZX and BIMBX is 0.09, 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
HMEZX vs. BIMBX - Dividend Comparison
HMEZX's dividend yield for the trailing twelve months is around 5.07%, more than BIMBX's 2.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 5.07% | 5.04% | 6.36% | 5.07% | 5.11% | 3.63% | 5.83% | 0.33% | 19.16% | 6.88% | 0.02% |
BIMBX BlackRock Systematic Multi-Strategy Class I | 2.24% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% |
Drawdowns
HMEZX vs. BIMBX - Drawdown Comparison
The maximum HMEZX drawdown since its inception was -6.86%, smaller than the maximum BIMBX drawdown of -8.73%. Use the drawdown chart below to compare losses from any high point for HMEZX and BIMBX.
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Drawdown Indicators
| HMEZX | BIMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -8.73% | +1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -3.61% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | -6.50% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -6.86% | -8.73% | +1.87% |
Current DrawdownCurrent decline from peak | 0.00% | -2.96% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -1.14% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 1.01% | -0.85% |
Volatility
HMEZX vs. BIMBX - Volatility Comparison
The current volatility for NexPoint Merger Arbitrage Fund (HMEZX) is 0.46%, while BlackRock Systematic Multi-Strategy Class I (BIMBX) has a volatility of 1.56%. This indicates that HMEZX experiences smaller price fluctuations and is considered to be less risky than BIMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMEZX | BIMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.56% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 2.83% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 4.02% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 3.53% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 3.52% | +0.32% |