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MH Elite Select Portfolio of Funds Fund (MHESX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund invests at least 80% of its total assets in 15 to 25 unaffiliated open-end mutual funds (underlying funds). It will invest at least 50% of its total assets in underlying funds that invest in non-U.S. companies. The fund may invest in long/short and/or short only funds. An underlying fund may also use derivatives such as options and futures contracts as a substitute for investing directly in equity securities.

Looking to diversify beyond MHESX? The mutual funds below have the lowest correlation with MHESX — 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 MHESX.

Best Diversifiers for MHESX

2 mutual funds have low correlation with MHESX (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 0.28, down from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NRIIX
Nuveen Real Asset Income Fund0.280.330.55
71
Global AllocationMHESX vs NRIIX
BBALX
Northern Global Tactical Asset Allocation Fund0.290.360.61
61
Global AllocationMHESX vs BBALX
WMRIX
Wilmington Real Asset Fund0.320.340.49
79
Global AllocationMHESX vs WMRIX
HRLYX
Hartford Real Asset Fund0.320.300.50
90
Global AllocationMHESX vs HRLYX
WARAX
Allspring Absolute Return Fund0.330.330.43
87
Global AllocationMHESX vs WARAX
See all 53 diversifiers for MHESX

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Diversification Analysis

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