Performance analysis of HFRO (Highland Opportunities and Income Fund)
Annual Return
Over the past 3 years, HFRO has had an average annual return of -1.99%, underperforming the benchmark SPY, which returned +22.45% annual.
Over the past 5 years, HFRO has had an average annual return of -3.18%, underperforming the benchmark SPY, which returned +13.88% annual.
Since Nov 6, 2017, HFRO has had an average annual return of -1.65%, underperforming the benchmark SPY, which returned +15.05% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +14.59% | +25.05% | -27.20% | -16.90% | +1.70% | +16.36% | -8.39% | +4.20% | -12.32% | +1.01% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.18% | -0.83% | -7.58% | +9.61% | +4.83% | +2.47% | +14.59% | ||||||
| 2025 | +11.75% | +1.21% | -9.54% | -0.39% | -0.02% | +2.71% | +2.29% | +17.21% | +3.84% | +3.13% | -3.53% | -3.54% | +25.05% |
| 2024 | -7.71% | -9.96% | +11.93% | -8.43% | -0.34% | -0.79% | +0.33% | -3.89% | +3.66% | -6.87% | +4.63% | -11.23% | -27.20% |
| 2023 | +4.15% | -8.98% | -7.87% | -0.94% | +3.37% | +3.01% | -4.93% | -2.84% | -0.89% | -8.22% | +15.30% | -6.89% | -16.90% |
| 2022 | +2.82% | +4.07% | +3.62% | -0.03% | -0.18% | -3.56% | +2.63% | +3.03% | -16.72% | +16.79% | +3.08% | -10.09% | +1.70% |
| 2021 | +0.57% | +1.89% | +7.61% | +4.39% | +4.26% | -7.72% | -5.72% | +8.30% | -1.21% | +6.48% | -0.82% | -1.37% | +16.36% |
| 2020 | +1.82% | -4.75% | -27.72% | -12.24% | +12.54% | -1.75% | +1.61% | +10.57% | -2.38% | -7.74% | +15.66% | +15.08% | -8.39% |
| 2019 | +10.61% | -3.01% | +2.86% | -1.09% | -1.85% | +4.42% | -1.69% | -2.91% | +2.81% | -8.02% | -4.54% | +8.11% | +4.20% |
| 2018 | +2.18% | +2.21% | +0.24% | +0.16% | +0.11% | -1.16% | +2.60% | -0.33% | -2.04% | +0.37% | -4.91% | -11.62% | -12.32% |
| 2017 | -0.34% | +1.35% | +1.01% |
Drawdown analysis of HFRO (Highland Opportunities and Income Fund)
The maximum drawdown for the HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current HFRO drawdown is -23.04%.
Since Nov 6, 2017 HFRO has experienced the following drawdowns:
- 50% or more: 1 time
- 40% or more: 2 times
- 30% or more: 2 times
- 20% or more: 2 times
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.76% | Aug 17, 2022 | 662 | Apr 8, 2025 | Ongoing | Ongoing | Ongoing |
| -49.42% | Jul 24, 2018 | 452 | May 11, 2020 | 475 | Mar 29, 2022 | 927 |
| -9.70% | May 6, 2022 | 31 | Jun 22, 2022 | 37 | Aug 15, 2022 | 68 |
| -4.00% | Nov 7, 2017 | 7 | Nov 16, 2017 | 25 | Dec 22, 2017 | 32 |
| -2.93% | Jan 31, 2018 | 9 | Feb 13, 2018 | 5 | Feb 21, 2018 | 14 |
| -2.89% | Feb 23, 2018 | 91 | Jul 5, 2018 | 4 | Jul 11, 2018 | 95 |
| -2.02% | Mar 31, 2022 | 3 | Apr 5, 2022 | 18 | May 2, 2022 | 21 |
| -0.97% | Dec 22, 2017 | 6 | Jan 3, 2018 | 1 | Jan 4, 2018 | 7 |
| -0.96% | Jan 9, 2018 | 5 | Jan 17, 2018 | 3 | Jan 22, 2018 | 8 |
| -0.93% | Jul 16, 2018 | 3 | Jul 19, 2018 | 3 | Jul 24, 2018 | 6 |
| -0.76% | Mar 29, 2022 | 1 | Mar 30, 2022 | 1 | Mar 31, 2022 | 2 |
| -0.70% | Jan 4, 2018 | 2 | Jan 8, 2018 | 1 | Jan 9, 2018 | 3 |
| -0.67% | May 4, 2022 | 1 | May 5, 2022 | 1 | May 6, 2022 | 2 |
| -0.51% | Jan 22, 2018 | 2 | Jan 24, 2018 | 3 | Jan 29, 2018 | 5 |
| -0.31% | Feb 21, 2018 | 1 | Feb 22, 2018 | 1 | Feb 23, 2018 | 2 |
| -0.22% | Jan 29, 2018 | 1 | Jan 30, 2018 | 1 | Jan 31, 2018 | 2 |
| -0.13% | Jul 12, 2018 | 1 | Jul 13, 2018 | 1 | Jul 16, 2018 | 2 |