HMEZX vs. VOO
Compare and contrast key facts about NexPoint Merger Arbitrage Fund (HMEZX) and Vanguard S&P 500 ETF (VOO).
HMEZX is managed by Highland Funds. It was launched on Aug 18, 2016. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMEZX or VOO.
Correlation
The correlation between HMEZX and VOO is 0.26, 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.
Performance
HMEZX vs. VOO - Performance Comparison
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Key characteristics
HMEZX:
3.66
VOO:
0.52
HMEZX:
5.63
VOO:
0.89
HMEZX:
1.93
VOO:
1.13
HMEZX:
5.36
VOO:
0.57
HMEZX:
31.31
VOO:
2.18
HMEZX:
0.18%
VOO:
4.85%
HMEZX:
1.58%
VOO:
19.11%
HMEZX:
-8.00%
VOO:
-33.99%
HMEZX:
0.00%
VOO:
-7.67%
Returns By Period
In the year-to-date period, HMEZX achieves a 1.94% return, which is significantly higher than VOO's -3.41% return.
HMEZX
1.94%
0.86%
2.71%
5.74%
3.81%
N/A
VOO
-3.41%
3.92%
-5.06%
9.92%
15.85%
12.42%
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HMEZX vs. VOO - Expense Ratio Comparison
HMEZX has a 1.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
HMEZX vs. VOO — Risk-Adjusted Performance Rank
HMEZX
VOO
HMEZX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Merger Arbitrage Fund (HMEZX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
HMEZX's dividend yield for the trailing twelve months is around 5.05%, more than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 5.05% | 5.08% | 5.07% | 5.12% | 1.29% | 0.00% | 0.00% | 15.16% | 5.26% | 0.01% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
HMEZX vs. VOO - Drawdown Comparison
The maximum HMEZX drawdown since its inception was -8.00%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HMEZX and VOO. For additional features, visit the drawdowns tool.
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Volatility
HMEZX vs. VOO - Volatility Comparison
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