HMEZX vs. LCSIX
HMEZX (NexPoint Merger Arbitrage Fund) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both mutual funds - HMEZX is a Event Driven fund managed by Highland Funds, while LCSIX is a Systematic Trend fund managed by LoCorr. Over the past 10 years, HMEZX returned 5.91%/yr vs 2.50%/yr for LCSIX. Their 0.01 correlation means their historical movements had little consistent relationship. HMEZX charges 1.50%/yr vs 1.75%/yr for LCSIX.
Performance
HMEZX vs. LCSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HMEZX achieves a 2.30% return, which is significantly higher than LCSIX's 0.93% return. Over the past 10 years, HMEZX has outperformed LCSIX with an annualized return of 5.91%, while LCSIX has yielded a comparatively lower 2.50% annualized return.
HMEZX
- 1D
- 0.00%
- 1M
- 0.35%
- 6M
- 2.04%
- YTD
- 2.30%
- 1Y
- 5.17%
- 3Y*
- 6.72%
- 5Y*
- 4.90%
- 10Y*
- 5.91%
- ALL TIME*
- 6.08%
LCSIX
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- -1.47%
- YTD
- 0.93%
- 1Y
- 0.01%
- 3Y*
- -2.32%
- 5Y*
- 0.34%
- 10Y*
- 2.50%
- ALL TIME*
- 3.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HMEZX vs. LCSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 2.30% | 6.30% | 7.42% | 4.10% | 2.70% | 5.37% | 8.46% | 8.10% | 5.92% | 5.48% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 0.93% | 1.13% | -8.29% | -3.07% | 6.04% | 14.90% | 9.90% | -5.97% | 15.16% | 6.19% |
Correlation
The correlation between HMEZX and LCSIX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HMEZX vs. LCSIX — Risk / Return Rank
HMEZX
LCSIX
HMEZX vs. LCSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Merger Arbitrage Fund (HMEZX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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.
| HMEZX | LCSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.09 | ||
| Sortino ratioReturn per unit of downside risk | +6.95 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.00 | +0.99 |
| Calmar ratioReturn relative to maximum drawdown | 9.27 | -0.04 | +9.31 |
| Martin ratioReturn relative to average drawdown | 48.08 | -0.09 | +48.17 |
Loading charts...
Drawdowns
HMEZX vs. LCSIX - Drawdown Comparison
The maximum HMEZX drawdown since its inception was -6.86%, smaller than the maximum LCSIX drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for HMEZX and LCSIX.
Loading charts...
Drawdown Indicators
| HMEZX | LCSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -25.13% | +18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.55% | -4.97% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -11.60% | +10.54% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | -13.21% | +11.27% |
Max Drawdown (10Y)Largest decline over 10 years | -6.86% | -13.21% | +6.35% |
Current DrawdownCurrent decline from peak | -0.10% | -10.39% | +10.29% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -6.41% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 2.32% | -2.21% |
Volatility
HMEZX vs. LCSIX - Volatility Comparison
The current volatility for NexPoint Merger Arbitrage Fund (HMEZX) is 0.36%, while LoCorr Long/Short Commodity Strategies Fund (LCSIX) has a volatility of 1.92%. This indicates that HMEZX experiences smaller price fluctuations and is considered to be less risky than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HMEZX | LCSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.92% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 4.23% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 6.05% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.66% | 5.53% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 6.66% | -2.91% |
HMEZX vs. LCSIX - Expense Ratio Comparison
HMEZX has a 1.50% expense ratio, which is lower than LCSIX's 1.75% expense ratio.
Dividends
HMEZX vs. LCSIX - Dividend Comparison
HMEZX's dividend yield for the trailing twelve months is around 5.05%, more than LCSIX's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 5.05% | 5.04% | 6.36% | 5.07% | 5.11% | 3.63% | 5.83% | 0.33% | 19.16% | 6.88% | 0.02% | 0.00% |
LCSIX LoCorr Long/Short Commodity Strategies Fund | 2.30% | 2.32% | 2.75% | 1.88% | 10.75% | 7.14% | 2.94% | 0.54% | 12.36% | 0.02% | 3.21% | 7.36% |
Frequently Asked Questions
HMEZX and LCSIX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LCSIX has higher volatility (1.92%) compared to HMEZX (0.36%). In terms of maximum drawdown, HMEZX dropped -6.86% vs LCSIX's -25.13%.
HMEZX currently has the higher Sharpe Ratio (4.06 vs -0.04), 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.
Find the right allocation for HMEZX and LCSIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer