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
Key characteristics
HMEZX:
2.42
VOO:
0.30
HMEZX:
3.53
VOO:
0.55
HMEZX:
1.76
VOO:
1.08
HMEZX:
4.72
VOO:
0.30
HMEZX:
12.93
VOO:
1.37
HMEZX:
0.42%
VOO:
4.10%
HMEZX:
2.24%
VOO:
18.73%
HMEZX:
-8.00%
VOO:
-33.99%
HMEZX:
-0.30%
VOO:
-13.97%
Returns By Period
In the year-to-date period, HMEZX achieves a 1.17% return, which is significantly higher than VOO's -10.00% return.
HMEZX
1.17%
0.01%
1.79%
5.37%
3.81%
N/A
VOO
-10.00%
-7.00%
-9.11%
5.82%
14.67%
11.73%
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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.
Dividends
HMEZX vs. VOO - Dividend Comparison
HMEZX's dividend yield for the trailing twelve months is around 5.09%, more than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMEZX NexPoint Merger Arbitrage Fund | 5.09% | 5.09% | 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 | 1.44% | 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.
Volatility
HMEZX vs. VOO - Volatility Comparison
The current volatility for NexPoint Merger Arbitrage Fund (HMEZX) is 1.05%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.38%. This indicates that HMEZX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.