PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

MH Elite Income Fund of Funds (MHEIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund invests at least 80% of its total assets in 15 to 25 unaffiliated open-end mutual funds (underlying funds) with an investment objective that seeks to provide current income and/or total return. It may also invest in conservative asset allocation funds, which in turn employ a strategy of investing in a combination of bonds and common stocks, whereby the stock allocation is less than 40%, and equity funds that invest in dividend paying common stocks to generate income.

Looking to diversify beyond MHEIX? The mutual funds below have the lowest correlation with MHEIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MHEIX.

Best Diversifiers for MHEIX

40 mutual funds have low correlation with MHEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Asset Income Fund (NRIIX) (Global Allocation) with a 1Y correlation of 0.02, down from 0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NRIIX
Nuveen Real Asset Income Fund0.020.230.47
69
Global AllocationMHEIX vs NRIIX
HRLYX
Hartford Real Asset Fund0.030.130.34
90
Global AllocationMHEIX vs HRLYX
GLBIX
Leuthold Global Fund0.040.120.34
87
Global AllocationMHEIX vs GLBIX
FLFGX
Meeder Global Allocation Fund0.040.130.36
61
Global AllocationMHEIX vs FLFGX
PDPAX
Virtus Duff & Phelps Real Asset Fund0.040.190.38
75
Global AllocationMHEIX vs PDPAX
See all 43 diversifiers for MHEIX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements MHEIX

Add MHEIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MHEIX