WCFRX vs. HMEZX
Compare and contrast key facts about Virtus Westchester Credit Event Fund (WCFRX) and NexPoint Merger Arbitrage Fund (HMEZX).
WCFRX is managed by Virtus. It was launched on Dec 28, 2017. HMEZX is managed by Highland Funds. It was launched on Aug 18, 2016.
Performance
WCFRX vs. HMEZX - Performance Comparison
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WCFRX vs. HMEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WCFRX Virtus Westchester Credit Event Fund | -0.85% | 4.37% | 6.83% | 9.23% | -5.28% | 7.08% | 16.26% | 12.60% | -3.23% |
HMEZX NexPoint Merger Arbitrage Fund | 0.81% | 6.30% | 7.42% | 4.10% | 2.70% | 5.37% | 8.46% | 8.10% | 5.87% |
Returns By Period
In the year-to-date period, WCFRX achieves a -0.85% return, which is significantly lower than HMEZX's 0.81% return.
WCFRX
- 1D
- 0.00%
- 1M
- -0.47%
- YTD
- -0.85%
- 6M
- -1.05%
- 1Y
- 2.49%
- 3Y*
- 5.44%
- 5Y*
- 3.06%
- 10Y*
- —
HMEZX
- 1D
- 0.15%
- 1M
- 0.46%
- YTD
- 0.81%
- 6M
- 2.14%
- 1Y
- 5.71%
- 3Y*
- 6.42%
- 5Y*
- 4.92%
- 10Y*
- 5.89%
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WCFRX vs. HMEZX - Expense Ratio Comparison
WCFRX has a 1.90% expense ratio, which is higher than HMEZX's 1.50% expense ratio.
Return for Risk
WCFRX vs. HMEZX — Risk / Return Rank
WCFRX
HMEZX
WCFRX vs. HMEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Westchester Credit Event Fund (WCFRX) 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.
| WCFRX | HMEZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 3.60 | -2.46 |
Sortino ratioReturn per unit of downside risk | 1.53 | 5.64 | -4.11 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.96 | -0.71 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 5.53 | -4.38 |
Martin ratioReturn relative to average drawdown | 4.05 | 35.87 | -31.82 |
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
| WCFRX | HMEZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 3.60 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 2.94 | -2.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.59 | -0.76 |
Correlation
The correlation between WCFRX and HMEZX is 0.24, 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
WCFRX vs. HMEZX - Dividend Comparison
WCFRX's dividend yield for the trailing twelve months is around 6.88%, more than HMEZX's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
WCFRX Virtus Westchester Credit Event Fund | 6.88% | 5.82% | 5.33% | 4.15% | 0.21% | 13.79% | 0.90% | 2.99% | 1.43% | 0.00% | 0.00% |
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% |
Drawdowns
WCFRX vs. HMEZX - Drawdown Comparison
The maximum WCFRX drawdown since its inception was -23.56%, which is greater than HMEZX's maximum drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for WCFRX and HMEZX.
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Drawdown Indicators
| WCFRX | HMEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -6.86% | -16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -1.06% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -1.94% | -7.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.86% | — |
Current DrawdownCurrent decline from peak | -1.79% | 0.00% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -0.38% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.16% | +0.43% |
Volatility
WCFRX vs. HMEZX - Volatility Comparison
Virtus Westchester Credit Event Fund (WCFRX) has a higher volatility of 0.69% compared to NexPoint Merger Arbitrage Fund (HMEZX) at 0.46%. This indicates that WCFRX'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
| WCFRX | HMEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.46% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 0.97% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 1.61% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 1.68% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.64% | 3.84% | +2.80% |