Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +0.16% | -10.91% | -13.42% | -21.91% | -29.35% | -34.98% | -5.73% | -7.45% | — | -10.49% |
| Market-price total return | +0.16% | -9.85% | -10.37% | -16.53% | -22.23% | -26.40% | +7.02% | +4.08% | — | +0.99% |
| NAV return | -0.65% | -7.16% | -10.30% | -9.07% | -11.93% | -24.23% | -1.52% | -2.56% | — | -4.35% |
| NAV total return | -0.65% | -6.45% | -8.29% | -5.01% | -6.05% | -17.49% | +7.26% | +5.96% | — | +4.21% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.19% | 0.16% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.22% | 0.17% | as above |
| Volatility, 5 years | 0.22% | 0.15% | as above |
| Maximum drawdown, 3 years | -32.10% | -22.15% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.22 | 0.22 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.31 | 0.41 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.57 | — | VXUS (ex-U.S. equity ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.41 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Highland Global Allocation Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.