HMEZX vs. EVDAX
Compare and contrast key facts about NexPoint Merger Arbitrage Fund (HMEZX) and Camelot Event Driven Fund Class A (EVDAX).
HMEZX is managed by Highland Funds. It was launched on Aug 18, 2016. EVDAX is managed by Camelot Funds. It was launched on Nov 21, 2003.
Performance
HMEZX vs. EVDAX - Performance Comparison
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HMEZX vs. EVDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 0.66% | 6.30% | 7.42% | 4.10% | 2.70% | 5.37% | 8.46% | 8.10% | 5.92% | 5.48% |
EVDAX Camelot Event Driven Fund Class A | 1.30% | 9.15% | 7.93% | 2.28% | 3.59% | 22.87% | 18.83% | 7.19% | 0.00% | 0.00% |
Returns By Period
In the year-to-date period, HMEZX achieves a 0.66% return, which is significantly lower than EVDAX's 1.30% return. Over the past 10 years, HMEZX has underperformed EVDAX with an annualized return of 5.88%, while EVDAX has yielded a comparatively higher 7.06% annualized return.
HMEZX
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 0.66%
- 6M
- 2.09%
- 1Y
- 5.60%
- 3Y*
- 6.36%
- 5Y*
- 4.92%
- 10Y*
- 5.88%
EVDAX
- 1D
- -0.09%
- 1M
- -1.67%
- YTD
- 1.30%
- 6M
- 0.92%
- 1Y
- 7.38%
- 3Y*
- 5.97%
- 5Y*
- 6.31%
- 10Y*
- 7.06%
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HMEZX vs. EVDAX - Expense Ratio Comparison
HMEZX has a 1.50% expense ratio, which is lower than EVDAX's 2.22% expense ratio.
Return for Risk
HMEZX vs. EVDAX — Risk / Return Rank
HMEZX
EVDAX
HMEZX vs. EVDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Merger Arbitrage Fund (HMEZX) and Camelot Event Driven Fund Class A (EVDAX). 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 | EVDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.57 | 1.19 | +2.38 |
Sortino ratioReturn per unit of downside risk | 5.59 | 1.75 | +3.84 |
Omega ratioGain probability vs. loss probability | 1.95 | 1.22 | +0.73 |
Calmar ratioReturn relative to maximum drawdown | 5.23 | 1.65 | +3.58 |
Martin ratioReturn relative to average drawdown | 33.91 | 7.61 | +26.30 |
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 | EVDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.57 | 1.19 | +2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.93 | 0.00 | +2.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.53 | 0.01 | +1.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.58 | 0.00 | +1.58 |
Correlation
The correlation between HMEZX and EVDAX is 0.14, 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. EVDAX - Dividend Comparison
HMEZX's dividend yield for the trailing twelve months is around 5.07%, more than EVDAX's 0.76% 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% |
EVDAX Camelot Event Driven Fund Class A | 0.76% | 0.77% | 3.99% | 6.40% | 9.42% | 0.00% | 1.00% | 0.94% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMEZX vs. EVDAX - Drawdown Comparison
The maximum HMEZX drawdown since its inception was -6.86%, smaller than the maximum EVDAX drawdown of -96.19%. Use the drawdown chart below to compare losses from any high point for HMEZX and EVDAX.
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Drawdown Indicators
| HMEZX | EVDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -96.19% | +89.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -4.05% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | -96.19% | +94.25% |
Max Drawdown (10Y)Largest decline over 10 years | -6.86% | -96.19% | +89.33% |
Current DrawdownCurrent decline from peak | 0.00% | -95.74% | +95.74% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -6.06% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.89% | -0.73% |
Volatility
HMEZX vs. EVDAX - Volatility Comparison
The current volatility for NexPoint Merger Arbitrage Fund (HMEZX) is 0.44%, while Camelot Event Driven Fund Class A (EVDAX) has a volatility of 1.41%. This indicates that HMEZX experiences smaller price fluctuations and is considered to be less risky than EVDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMEZX | EVDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 1.41% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 4.09% | -3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 6.13% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 1,423.79% | -1,422.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.85% | 1,006.79% | -1,002.94% |