HFRO vs XVV

Comparison between Highland Opportunities and Income Fund (HFRO, ETF) and ISHARES ESG SELECT SCREENED S&P 500 ETF (XVV, ETF).

5-Year PerformanceXVV has outperformed HFRO, delivering a return of +13.6% compared to +0.9%

HFRO vs XVV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HFRO(ETF)	XVV(ETF)
Net Assets	$656M	$653M
Expense Ratio	N/A	0.08%
Max Drawdown	72.48%	27.99%
Sharpe Ratio	1.93	1.52
5Y Beta	0.62	1.02
P/E Ratio	N/A	28.02
Forward P/E	N/A	21.75
PEG Ratio	N/A	0.35
5Y Dividends CAGR	-11.54%	25.81%
5Y EPS CAGR	N/A	26.69%
Debt to Equity	N/A	27.40%

Net Assets

Winner

HFRO

$656M

XVV

$653M

Expense Ratio

HFRO

N/A

XVV

0.08%

Max Drawdown

HFRO

72.48%

Winner

XVV

27.99%

Sharpe Ratio

Winner

HFRO

1.93

XVV

1.52

5Y Beta

Winner

HFRO

0.62

XVV

1.02

P/E Ratio

HFRO

N/A

XVV

28.02

Forward P/E

HFRO

N/A

XVV

21.75

PEG Ratio

HFRO

N/A

XVV

0.35

5Y Dividends CAGR

HFRO

-11.54%

Winner

XVV

25.81%

5Y EPS CAGR

HFRO

N/A

XVV

26.69%

Debt to Equity

HFRO

N/A

XVV

27.40%

HFRO vs XVV - Historical Returns

Returns include dividend reinvestment.

Period	HFRO	XVV
1 month	+18.79%	+1.35%
3 months	+28.65%	+13.99%
6 months	+24.63%	+9.80%
1 year	+51.45%	+25.80%
5 years(CAGR)	+0.86%	+13.64%
10 years(CAGR)	-0.52%	N/A
Max(CAGR)	-0.52%	+17.00%

Winner

HFRO

+18.79%

XVV

+1.35%

Winner

HFRO

+28.65%

XVV

+13.99%

Winner

HFRO

+24.63%

XVV

+9.80%

Winner

HFRO

+51.45%

XVV

+25.80%

5Y(CAGR)

HFRO

+0.86%

Winner

XVV

+13.64%

10Y(CAGR)

HFRO

-0.52%

XVV

N/A

Max(CAGR)

HFRO

-0.52%

Winner

XVV

+17.00%

HFRO vs XVV - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	HFRO	XVV
2026	+25.68%	+8.76%
2025	+22.68%	+17.90%
2024	-29.13%	+26.84%
2023	-16.57%	+30.13%
2022	+0.78%	-21.90%
2021	+14.90%	+31.27%
2020	-8.01%	+16.13%
2019	+2.92%	N/A
2018	-12.60%	N/A
2017	+1.01%	N/A

HFRO vs XVV 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 XVV was -27.20%, occurring on Oct 12, 2022. Recovery took 494 trading sessions.

The current HFRO drawdown is -15.17%. The current XVV drawdown is -1.50%.

Rank	HFRO	XVV
#1	-52.76% Aug 17, 2022 - Apr 8, 2025	-27.20% Dec 29, 2021 - Dec 15, 2023
#2	-49.42% Jul 24, 2018 - Mar 29, 2022	-19.59% Feb 19, 2025 - Jun 26, 2025
#3	-9.70% May 6, 2022 - Aug 15, 2022	-10.59% Jan 9, 2026 - Apr 15, 2026
#4	-3.99% Nov 7, 2017 - Dec 22, 2017	-9.16% Jul 16, 2024 - Sep 19, 2024
#5	-2.92% Jan 31, 2018 - Feb 21, 2018	-7.74% Oct 12, 2020 - Nov 9, 2020
#6	-2.88% Feb 23, 2018 - Jul 11, 2018	-5.88% Mar 28, 2024 - May 15, 2024
#7	-2.01% Mar 31, 2022 - May 2, 2022	-5.51% Sep 3, 2021 - Oct 21, 2021
#8	-0.96% Dec 22, 2017 - Jan 4, 2018	-5.19% Oct 28, 2025 - Dec 10, 2025
#9	-0.96% Jan 9, 2018 - Jan 22, 2018	-4.67% Jun 2, 2026 - Jun 10, 2026
#10	-0.94% Jul 16, 2018 - Jul 24, 2018	-4.47% Feb 12, 2021 - Mar 15, 2021
#11	-0.76% Mar 29, 2022 - Mar 31, 2022	-4.25% Dec 11, 2024 - Jan 22, 2025
#12	-0.71% Jan 4, 2018 - Jan 9, 2018	-4.19% Nov 19, 2021 - Dec 10, 2021
#13	-0.67% May 4, 2022 - May 6, 2022	-4.16% May 7, 2021 - Jun 10, 2021
#14	-0.51% Jan 22, 2018 - Jan 29, 2018	-3.33% Jan 21, 2021 - Feb 4, 2021
#15	-0.31% Feb 21, 2018 - Feb 23, 2018	-3.05% Dec 10, 2021 - Dec 23, 2021

Correlation

Correlation between HFRO and XVV is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

-101