HFRO vs IAT
Comparison between Highland Opportunities and Income Fund (HFRO, ETF) and ISHARES U.S. REGIONAL BANKS ETF (IAT, ETF).
5-Year PerformanceIAT has outperformed HFRO, delivering a return of +5.7% compared to +1.6%
HFRO vs IAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HFRO vs IAT - Historical Returns
Returns include dividend reinvestment.
HFRO vs IAT - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | HFRO | IAT |
|---|---|---|
| 2026 | +28.24% | +15.31% |
| 2025 | +22.68% | +13.83% |
| 2024 | -29.13% | +23.07% |
| 2023 | -16.57% | -8.57% |
| 2022 | +0.78% | -22.25% |
| 2021 | +14.90% | +39.74% |
| 2020 | -8.01% | -7.86% |
| 2019 | +2.92% | +29.03% |
| 2018 | -12.60% | -17.78% |
| 2017 | +1.01% | +10.25% |
| 2016 | N/A | +35.82% |
| 2015 | N/A | +2.41% |
| 2014 | N/A | +8.94% |
| 2013 | N/A | +33.18% |
| 2012 | N/A | +15.22% |
| 2011 | N/A | -13.91% |
| 2010 | N/A | +18.93% |
| 2009 | N/A | -11.04% |
| 2008 | N/A | -31.81% |
| 2007 | N/A | -25.73% |
| 2006 | N/A | +6.02% |
HFRO vs IAT Drawdown Comparison
The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The maximum drawdown for IAT was -77.21%, occurring on Mar 6, 2009. Recovery took 2465 trading sessions.
The current HFRO drawdown is -13.44%. The current IAT drawdown is -2.42%.
| Rank | HFRO | IAT |
|---|---|---|
| #1 | -52.76% Aug 17, 2022 - Apr 8, 2025 | -77.21% Feb 20, 2007 - Dec 1, 2016 |
| #2 | -49.42% Jul 24, 2018 - Mar 29, 2022 | -55.53% Jan 14, 2022 - Feb 4, 2026 |
| #3 | -9.70% May 6, 2022 - Aug 15, 2022 | -52.03% Mar 9, 2018 - Jan 12, 2021 |
| #4 | -3.99% Nov 7, 2017 - Dec 22, 2017 | -17.49% Feb 6, 2026 - Jun 25, 2026 |
| #5 | -2.92% Jan 31, 2018 - Feb 21, 2018 | -13.86% May 17, 2021 - Oct 5, 2021 |
| #6 | -2.88% Feb 23, 2018 - Jul 11, 2018 | -13.59% Mar 1, 2017 - Nov 29, 2017 |
| #7 | -2.01% Mar 31, 2022 - May 2, 2022 | -10.68% Oct 22, 2021 - Jan 6, 2022 |
| #8 | -0.96% Dec 22, 2017 - Jan 4, 2018 | -9.71% Jan 14, 2021 - Feb 9, 2021 |
| #9 | -0.96% Jan 9, 2018 - Jan 22, 2018 | -7.34% Feb 1, 2018 - Mar 7, 2018 |
| #10 | -0.94% Jul 16, 2018 - Jul 24, 2018 | -7.19% Mar 12, 2021 - Apr 27, 2021 |
| #11 | -0.76% Mar 29, 2022 - Mar 31, 2022 | -5.42% Feb 24, 2021 - Mar 8, 2021 |
| #12 | -0.71% Jan 4, 2018 - Jan 9, 2018 | -5.30% May 8, 2006 - Sep 20, 2006 |
| #13 | -0.67% May 4, 2022 - May 6, 2022 | -4.22% Jan 4, 2017 - Jan 25, 2017 |
| #14 | -0.51% Jan 22, 2018 - Jan 29, 2018 | -3.93% May 7, 2021 - May 14, 2021 |
| #15 | -0.31% Feb 21, 2018 - Feb 23, 2018 | -2.99% Dec 27, 2006 - Feb 7, 2007 |
Correlation
Correlation between HFRO and IAT is 0.15 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2006 - 2026)
HFRO vs IAT dividend yield comparison.
| Year | HFRO | IAT |
|---|---|---|
| 2026 | 3.11% | 1.00% |
| 2025 | 7.73% | 2.94% |
| 2024 | 8.90% | 2.95% |
| 2023 | 12.02% | 3.56% |
| 2022 | 8.97% | 3.12% |
| 2021 | 8.41% | 1.88% |
| 2020 | 8.99% | 2.87% |
| 2019 | 7.43% | 2.49% |
| 2018 | 7.22% | 2.48% |
| 2017 | 0.99% | 1.55% |
| 2016 | 0.00% | 1.52% |
| 2015 | 0.00% | 1.78% |
| 2014 | 0.00% | 1.68% |
| 2013 | 0.00% | 1.56% |
| 2012 | 0.00% | 1.96% |
| 2011 | 0.00% | 1.95% |
| 2010 | 0.00% | 1.11% |
| 2009 | 0.00% | 2.03% |
| 2008 | 0.00% | 5.21% |
| 2007 | 0.00% | 3.41% |
| 2006 | 0.00% | 2.30% |
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