CBLAX vs. MHELX
CBLAX (Columbia Balanced Fund Class A) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. Over the past 10 years, CBLAX returned 9.94%/yr vs 9.53%/yr for MHELX. A 0.76 correlation means they provide meaningful diversification when combined. CBLAX charges 0.91%/yr vs 1.25%/yr for MHELX.
Performance
CBLAX vs. MHELX - Performance Comparison
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Returns By Period
In the year-to-date period, CBLAX achieves a 5.35% return, which is significantly lower than MHELX's 20.27% return. Both investments have delivered pretty close results over the past 10 years, with CBLAX having a 9.94% annualized return and MHELX not far behind at 9.53%.
CBLAX
- 1D
- -0.52%
- 1M
- 0.70%
- YTD
- 5.35%
- 6M
- 4.95%
- 1Y
- 16.03%
- 3Y*
- 14.17%
- 5Y*
- 7.79%
- 10Y*
- 9.94%
MHELX
- 1D
- 1.30%
- 1M
- 4.02%
- YTD
- 20.27%
- 6M
- 19.08%
- 1Y
- 40.05%
- 3Y*
- 15.91%
- 5Y*
- 5.29%
- 10Y*
- 9.53%
CBLAX vs. MHELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBLAX Columbia Balanced Fund Class A | 5.35% | 13.86% | 14.30% | 21.20% | -16.84% | 14.64% | 17.59% | 22.75% | -5.98% | 14.01% |
MHELX MH Elite Small Cap Fund of Funds Fund | 20.27% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
Correlation
The correlation between CBLAX and MHELX is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2002 | 0.76 |
Over the past year, the correlation between CBLAX and MHELX has dropped to 0.04 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
CBLAX vs. MHELX — Risk / Return Rank
CBLAX
MHELX
CBLAX vs. MHELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Balanced Fund Class A (CBLAX) and MH Elite Small Cap Fund of Funds Fund (MHELX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBLAX | MHELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 4.70 | -2.19 |
| Martin ratioReturn relative to average drawdown | 10.42 | 15.78 | -5.36 |
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Drawdowns
CBLAX vs. MHELX - Drawdown Comparison
The maximum CBLAX drawdown since its inception was -34.71%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for CBLAX and MHELX.
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Drawdown Indicators
| CBLAX | MHELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.71% | -61.24% | +26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -8.52% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -30.81% | +18.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | -32.01% | +10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -22.75% | -39.02% | +16.27% |
Current DrawdownCurrent decline from peak | -1.28% | -0.20% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -12.91% | +9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.53% | -0.92% |
Volatility
CBLAX vs. MHELX - Volatility Comparison
The current volatility for Columbia Balanced Fund Class A (CBLAX) is 3.69%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 5.83%. This indicates that CBLAX experiences smaller price fluctuations and is considered to be less risky than MHELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBLAX | MHELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 5.83% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 15.78% | -8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 19.73% | -10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 21.09% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.40% | 21.02% | -9.62% |
CBLAX vs. MHELX - Expense Ratio Comparison
CBLAX has a 0.91% expense ratio, which is lower than MHELX's 1.25% expense ratio.
Dividends
CBLAX vs. MHELX - Dividend Comparison
CBLAX's dividend yield for the trailing twelve months is around 5.96%, which matches MHELX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBLAX Columbia Balanced Fund Class A | 5.96% | 6.16% | 7.55% | 1.60% | 5.07% | 8.98% | 5.07% | 3.91% | 5.53% | 2.55% | 1.35% | 3.78% |
MHELX MH Elite Small Cap Fund of Funds Fund | 6.00% | 0.00% | 2.19% | 0.00% | 14.45% | 5.03% | 2.70% | 6.13% | 0.00% | 5.17% | 5.51% | 6.93% |
Frequently Asked Questions
CBLAX and MHELX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHELX has higher volatility (5.83%) compared to CBLAX (3.69%). In terms of maximum drawdown, CBLAX dropped -34.71% vs MHELX's -61.24%.
MHELX currently has the higher Sharpe Ratio (2.03 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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