MH Elite Income Fund of Funds (MHEIX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MHEIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MHEIX
MHEIX charges 1.25% annually. There are 63 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | MHEIX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | MHEIX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | MHEIX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | MHEIX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | MHEIX vs JNSMX |
Best Risk-Adjusted Alternatives to MHEIX
MHEIX has a PortfoliosLab risk / return rank of 30. There are 70 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | — | Dec 2002 | MHEIX vs TIBAX | |
| GMO Benchmark-Free Fund | 95 | — | Jun 2011 | MHEIX vs GBFFX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | MHEIX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | MHEIX vs GBMFX | |
| SA Worldwide Moderate Growth Fund | 93 | — | Jun 2015 | MHEIX vs SAWMX |
Top Performing MHEIX Alternatives (YTD)
MHEIX is at 2.09% YTD. There are 75 mutual funds in the Global Allocation category with higher YTD returns, going as high as 24.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 24.25% | — | Oct 2005 | MHEIX vs CGO | |
| Calamos Global Dynamic Income Fund | 22.87% | — | Jun 2007 | MHEIX vs CHW | |
| Calamos Global Opportunities Fund | 18.19% | — | Sep 1996 | MHEIX vs CVLOX | |
| Thornburg Investment Income Builder Fund | 17.44% | — | Dec 2002 | MHEIX vs TIBAX | |
| Leuthold Global Fund | 15.78% | — | Apr 2008 | MHEIX vs GLBIX |
Lowest Volatility Alternatives to MHEIX
MHEIX has 6.27% 1-year volatility. There are 5 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | MHEIX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.45% | — | Dec 2017 | MHEIX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.69% | — | Mar 2011 | MHEIX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.92% | — | Dec 2011 | MHEIX vs PMFYX | |
| Nuveen Real Asset Income Fund | 5.92% | — | Sep 2011 | MHEIX vs NRIIX |
Lowest Drawdown Alternatives to MHEIX
MHEIX has a 1-year max drawdown of -4.54%. There are 7 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | MHEIX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -2.60% | — | Mar 2011 | MHEIX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | MHEIX vs PFADX | |
| Allspring Absolute Return Fund | -3.81% | — | Feb 2012 | MHEIX vs WARAX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | MHEIX vs PMFYX |
Other Mutual Funds from MH Elite
The 2 most viewed MH Elite mutual funds shown here include MHELX, MHEFX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | Diversified Portfolio | 70 | 20.27% | — | Aug 1998 | MHEIX vs MHELX | |
| MH Elite Fund of Funds Fund | Diversified Portfolio | 11 | 0.10% | — | Jan 2004 | MHEIX vs MHEFX |
Often Compared With MHEIX
Investors most often compare MHEIX with CIBFX, CENTX, PDAVX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MHEIX with Any Fund or Stock
Compare MHEIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MHEIX with funds that move differently
MH Elite Income Fund of Funds alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MHEIX.
Explore MHEIX Diversifiers