AAS.L vs. MHEIX
AAS.L (Abrdn Asia Focus plc) is a stock, while MHEIX (MH Elite Income Fund of Funds) is Global Allocation fund managed by MH Elite. Over the past 10 years, AAS.L returned 16.32%/yr vs 4.07%/yr for MHEIX. At a 0.10 correlation, their price movements are largely independent.
Performance
AAS.L vs. MHEIX - Performance Comparison
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Different Trading Currencies
AAS.L is traded in GBp, while MHEIX is traded in USD. To make them comparable, the MHEIX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAS.L achieves a 15.99% return, which is significantly higher than MHEIX's 3.30% return. Over the past 10 years, AAS.L has outperformed MHEIX with an annualized return of 16.32%, while MHEIX has yielded a comparatively lower 4.07% annualized return.
AAS.L
- 1D
- 0.24%
- 1M
- -8.18%
- YTD
- 15.99%
- 6M
- 15.36%
- 1Y
- 37.00%
- 3Y*
- 20.94%
- 5Y*
- 13.50%
- 10Y*
- 16.32%
MHEIX
- 1D
- 0.81%
- 1M
- 2.38%
- YTD
- 3.30%
- 6M
- 2.52%
- 1Y
- 10.29%
- 3Y*
- 3.73%
- 5Y*
- 3.39%
- 10Y*
- 4.07%
AAS.L vs. MHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAS.L Abrdn Asia Focus plc | 15.99% | 26.73% | 13.15% | 6.64% | -10.14% | 28.05% | 19.52% | 16.63% | 4.69% | 20.45% |
MHEIX MH Elite Income Fund of Funds | 3.30% | -2.70% | 7.83% | 2.18% | 0.89% | 3.41% | 2.18% | 6.87% | 2.50% | -3.71% |
Correlation
The correlation between AAS.L and MHEIX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.10 |
The correlation between AAS.L and MHEIX shifts across timeframes, from -0.05 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AAS.L vs. MHEIX — Risk / Return Rank
AAS.L
MHEIX
AAS.L vs. MHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abrdn Asia Focus plc (AAS.L) and MH Elite Income Fund of Funds (MHEIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AAS.L | MHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 1.80 | +1.04 |
| Martin ratioReturn relative to average drawdown | 9.46 | 4.49 | +4.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAS.L | MHEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.15 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.38 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.42 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.48 | -0.48 |
Drawdowns
AAS.L vs. MHEIX - Drawdown Comparison
The maximum AAS.L drawdown since its inception was -99.97%, which is greater than MHEIX's maximum drawdown of -13.61%. Use the drawdown chart below to compare losses from any high point for AAS.L and MHEIX.
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Drawdown Indicators
| AAS.L | MHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -13.61% | -86.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -5.85% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -12.21% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -13.61% | -9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -35.82% | -13.61% | -22.21% |
Current DrawdownCurrent decline from peak | -78.43% | -1.93% | -76.50% |
Average DrawdownAverage peak-to-trough decline | -80.82% | -4.72% | -76.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.34% | +1.56% |
Volatility
AAS.L vs. MHEIX - Volatility Comparison
Abrdn Asia Focus plc (AAS.L) has a higher volatility of 6.52% compared to MH Elite Income Fund of Funds (MHEIX) at 2.56%. This indicates that AAS.L's price experiences larger fluctuations and is considered to be riskier than MHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAS.L | MHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 2.56% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 7.90% | +8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 9.20% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 9.07% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 9.71% | +9.56% |
Dividends
AAS.L vs. MHEIX - Dividend Comparison
AAS.L's dividend yield for the trailing twelve months is around 1.53%, less than MHEIX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAS.L Abrdn Asia Focus plc | 1.53% | 1.77% | 2.53% | 3.26% | 4.11% | 0.00% | 8.14% | 8.84% | 8.40% | 7.58% | 5.54% | 10.18% |
MHEIX MH Elite Income Fund of Funds | 3.71% | 0.00% | 3.33% | 2.38% | 3.17% | 1.49% | 2.30% | 2.21% | 2.10% | 1.69% | 2.48% | 2.87% |
Frequently Asked Questions
AAS.L and MHEIX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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