LCSIX vs. HMEZX
LCSIX (LoCorr Long/Short Commodity Strategies Fund) and HMEZX (NexPoint Merger Arbitrage Fund) are both mutual funds - LCSIX is a Systematic Trend fund managed by LoCorr, while HMEZX is a Event Driven fund managed by Highland Funds. Over the past 10 years, LCSIX returned 2.51%/yr vs 5.93%/yr for HMEZX. Their 0.01 correlation means their historical movements had little consistent relationship. LCSIX charges 1.75%/yr vs 1.50%/yr for HMEZX.
Performance
LCSIX vs. HMEZX - Performance Comparison
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Returns By Period
In the year-to-date period, LCSIX achieves a 0.93% return, which is significantly lower than HMEZX's 2.30% return. Over the past 10 years, LCSIX has underperformed HMEZX with an annualized return of 2.51%, while HMEZX has yielded a comparatively higher 5.93% annualized return.
LCSIX
- 1D
- 0.12%
- 1M
- -0.23%
- 6M
- -3.87%
- YTD
- 0.93%
- 1Y
- 0.01%
- 3Y*
- -2.29%
- 5Y*
- 0.34%
- 10Y*
- 2.51%
- ALL TIME*
- 3.17%
HMEZX
- 1D
- 0.15%
- 1M
- 0.35%
- 6M
- 1.99%
- YTD
- 2.30%
- 1Y
- 5.17%
- 3Y*
- 6.74%
- 5Y*
- 4.90%
- 10Y*
- 5.93%
- ALL TIME*
- 6.08%
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 |
LCSIX vs. HMEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between LCSIX and HMEZX 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 |
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Return for Risk
LCSIX vs. HMEZX — Risk / Return Rank
LCSIX
HMEZX
LCSIX vs. HMEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LoCorr Long/Short Commodity Strategies Fund (LCSIX) and NexPoint Merger Arbitrage Fund (HMEZX). 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.
| LCSIX | HMEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.20 | ||
| Sortino ratioReturn per unit of downside risk | -7.10 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.98 | -1.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 9.27 | -9.45 |
| Martin ratioReturn relative to average drawdown | -0.38 | 48.08 | -48.46 |
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Drawdowns
LCSIX vs. HMEZX - Drawdown Comparison
The maximum LCSIX drawdown since its inception was -25.13%, which is greater than HMEZX's maximum drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for LCSIX and HMEZX.
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Drawdown Indicators
| LCSIX | HMEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.13% | -6.86% | -18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -0.55% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -1.06% | -10.54% |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | -1.94% | -11.27% |
Max Drawdown (10Y)Largest decline over 10 years | -13.21% | -6.86% | -6.35% |
Current DrawdownCurrent decline from peak | -10.39% | -0.10% | -10.29% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -0.37% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 0.11% | +2.22% |
Volatility
LCSIX vs. HMEZX - Volatility Comparison
LoCorr Long/Short Commodity Strategies Fund (LCSIX) has a higher volatility of 1.92% compared to NexPoint Merger Arbitrage Fund (HMEZX) at 0.36%. This indicates that LCSIX's price experiences larger fluctuations and is considered to be riskier than HMEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCSIX | HMEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 0.36% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 0.95% | +3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 1.26% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 1.66% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 3.75% | +2.91% |
LCSIX vs. HMEZX - Expense Ratio Comparison
LCSIX has a 1.75% expense ratio, which is higher than HMEZX's 1.50% expense ratio.
Dividends
LCSIX vs. HMEZX - Dividend Comparison
LCSIX's dividend yield for the trailing twelve months is around 2.30%, less than HMEZX's 5.05% 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
LCSIX and HMEZX 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, LCSIX dropped -25.13% vs HMEZX's -6.86%.
HMEZX currently has the higher Sharpe Ratio (4.06 vs -0.15), 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.
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