EBI vs HFRO

Comparison between LONGVIEW ADVANTAGE ETF (EBI, ETF) and Highland Opportunities and Income Fund (HFRO, ETF).

EBI vs HFRO - Performance Comparison

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Key Characteristics

Financial metrics and valuation ratios

Metric	EBI(ETF)	HFRO(ETF)
Net Assets	$656M	$656M
Expense Ratio	0.24%	N/A
Max Drawdown	17.05%	72.48%
Sharpe Ratio	2.05	1.93
5Y Beta	0.93	0.62
P/E Ratio	20.66	N/A
Forward P/E	15.48	N/A
5Y Dividends CAGR	N/A	-11.54%
5Y EPS CAGR	27.90%	N/A

Net Assets

Winner

EBI

$656M

HFRO

$656M

Expense Ratio

EBI

0.24%

HFRO

N/A

Max Drawdown

Winner

EBI

17.05%

HFRO

72.48%

Sharpe Ratio

Winner

EBI

2.05

HFRO

1.93

5Y Beta

EBI

0.93

Winner

HFRO

0.62

P/E Ratio

EBI

20.66

HFRO

N/A

Forward P/E

EBI

15.48

HFRO

N/A

5Y Dividends CAGR

EBI

N/A

HFRO

-11.54%

5Y EPS CAGR

EBI

27.90%

HFRO

N/A

EBI vs HFRO - Historical Returns

Returns include dividend reinvestment.

Period	EBI	HFRO
1 month	+2.90%	+18.79%
3 months	+12.38%	+28.65%
6 months	+15.25%	+24.63%
1 year	+32.73%	+51.45%
5 years(CAGR)	N/A	+0.86%
10 years(CAGR)	N/A	-0.52%
Max(CAGR)	+24.32%	-0.52%

EBI

+2.90%

Winner

HFRO

+18.79%

EBI

+12.38%

Winner

HFRO

+28.65%

EBI

+15.25%

Winner

HFRO

+24.63%

EBI

+32.73%

Winner

HFRO

+51.45%

5Y(CAGR)

EBI

N/A

HFRO

+0.86%

10Y(CAGR)

EBI

N/A

HFRO

-0.52%

Max(CAGR)

Winner

EBI

+24.32%

HFRO

-0.52%

EBI vs HFRO - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	EBI	HFRO
2026	+13.69%	+25.68%
2025	+15.81%	+22.68%
2024	N/A	-29.13%
2023	N/A	-16.57%
2022	N/A	+0.78%
2021	N/A	+14.90%
2020	N/A	-8.01%
2019	N/A	+2.92%
2018	N/A	-12.60%
2017	N/A	+1.01%

EBI vs HFRO Drawdown Comparison

The maximum drawdown for EBI was -17.05%, occurring on Apr 8, 2025. Recovery took 79 trading sessions.

The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current EBI drawdown is -0.59%. The current HFRO drawdown is -15.17%.

Rank	EBI	HFRO
#1	-17.05% Feb 28, 2025 - Jun 24, 2025	-52.76% Aug 17, 2022 - Apr 8, 2025
#2	-7.09% Feb 11, 2026 - Apr 16, 2026	-49.42% Jul 24, 2018 - Mar 29, 2022
#3	-4.44% Nov 12, 2025 - Nov 26, 2025	-9.70% May 6, 2022 - Aug 15, 2022
#4	-3.68% Oct 3, 2025 - Oct 24, 2025	-3.99% Nov 7, 2017 - Dec 22, 2017
#5	-2.97% Jun 2, 2026 - Jun 15, 2026	-2.92% Jan 31, 2018 - Feb 21, 2018
#6	-2.78% Jul 25, 2025 - Aug 12, 2025	-2.88% Feb 23, 2018 - Jul 11, 2018
#7	-2.47% Dec 11, 2025 - Jan 5, 2026	-2.01% Mar 31, 2022 - May 2, 2022
#8	-1.96% Jan 15, 2026 - Jan 22, 2026	-0.96% Dec 22, 2017 - Jan 4, 2018
#9	-1.82% Oct 27, 2025 - Nov 11, 2025	-0.96% Jan 9, 2018 - Jan 22, 2018
#10	-1.69% May 14, 2026 - May 22, 2026	-0.94% Jul 16, 2018 - Jul 24, 2018
#11	-1.62% Jun 15, 2026 - Jun 17, 2026	-0.76% Mar 29, 2022 - Mar 31, 2022
#12	-1.50% Jul 3, 2025 - Jul 10, 2025	-0.71% Jan 4, 2018 - Jan 9, 2018
#13	-1.42% Aug 13, 2025 - Aug 22, 2025	-0.67% May 4, 2022 - May 6, 2022
#14	-1.30% Jul 10, 2025 - Jul 23, 2025	-0.51% Jan 22, 2018 - Jan 29, 2018
#15	-1.08% Sep 22, 2025 - Sep 30, 2025	-0.31% Feb 21, 2018 - Feb 23, 2018