Highland Funds I - Highland Opportunities and Income Fund (HFRO) Total Return Calculator
$10,000 since Nov 2017, with and without reinvesting · data through Oct 2026
Since Nov 2017, $10,000 became $8,679 reinvested (-1.6% a year), or $8,718 taking the dividends as cash, $4,528 of it paid out along the way.
HFRO became
$8,679
S&P 500: $32,729
Return a year
-1.6%
S&P 500: 14.2%
Payouts reinvested
$6,265
bought more shares
Worst drop
-47.2%
S&P 500: -23.9%
$10,000, Nov 2017 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | HFRO total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | +14.2% | $504 | +11.7% |
| 2025 | +25.1% | $568 | +17.7% |
| 2024 | −27.1% | $531 | +24.9% |
| 2023 | −16.9% | $938 | +26.2% |
| 2022 | +1.6% | $860 | −18.2% |
| 2021 | +16.3% | $801 | +28.7% |
| 2020 | −8.4% | $712 | +18.3% |
| 2019 | +4.2% | $670 | +31.2% |
| 2018 | −12.2% | $631 | −4.6% |
| 2017 (part) | +1.3% | $50 | +1.2% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: HFRO total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Highland Funds I - Highland Opportunities and Income Fund (HFRO) at the end of Nov 2017, with dividends reinvested, was worth $8,679 at the end of Oct 2026: -1.6% a year, against $32,729 (14.2% a year) in the S&P 500.
- Over the 5 years to Oct 2026, HFRO returned -3.0% a year with dividends reinvested (S&P 500: 12.0%).
- Taking HFRO's dividends as cash instead of reinvesting them, the same $10,000 ended at $8,718, including $4,528 of cash received; reinvesting added $0.
- HFRO's best calendar year in that time was 2025 (25.1%) and its worst 2024 (-27.1%), with dividends reinvested.
Cite this page
SmarterDividends, "Highland Funds I - Highland Opportunities and Income Fund (HFRO) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/HFRO/total-return
HFRO total return questions
What is HFRO's total return since Nov 2017?
-13% in total, or -1.6% a year, through Oct 2026 with dividends reinvested. The share price alone fell 58%.
What was HFRO's worst year?
2024, at -27.1% with dividends reinvested (S&P 500: 24.9%). Its deepest fall from a peak, on month-end values, was -47.2%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.