GRSPX vs. MHELX
GRSPX (Greenspring Fund) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. Over the past 10 years, GRSPX returned 9.69%/yr vs 8.68%/yr for MHELX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. GRSPX charges 1.09%/yr vs 1.25%/yr for MHELX.
Performance
GRSPX vs. MHELX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GRSPX having a 17.70% return and MHELX slightly lower at 17.05%. Over the past 10 years, GRSPX has outperformed MHELX with an annualized return of 9.69%, while MHELX has yielded a comparatively lower 8.68% annualized return.
GRSPX
- 1D
- 0.84%
- 1M
- -2.11%
- 6M
- 9.72%
- YTD
- 17.70%
- 1Y
- 18.68%
- 3Y*
- 13.91%
- 5Y*
- 9.39%
- 10Y*
- 9.69%
- ALL TIME*
- 7.79%
MHELX
- 1D
- 1.87%
- 1M
- -3.34%
- 6M
- 10.45%
- YTD
- 17.05%
- 1Y
- 30.08%
- 3Y*
- 11.86%
- 5Y*
- 4.92%
- 10Y*
- 8.68%
- ALL TIME*
- 7.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRSPX Greenspring Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GRSPX vs. MHELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 17.70% | 6.12% | 15.53% | 11.95% | -8.62% | 26.89% | 3.81% | 20.84% | -10.21% | 7.84% |
MHELX MH Elite Small Cap Fund of Funds Fund | 17.05% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
Correlation
The correlation between GRSPX and MHELX is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 1998 | 0.76 |
Over the past year, the correlation between GRSPX and MHELX has dropped to 0.05 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
GRSPX vs. MHELX — Risk / Return Rank
GRSPX
MHELX
GRSPX vs. MHELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenspring Fund (GRSPX) 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.
| GRSPX | MHELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 3.45 | -2.78 |
| Martin ratioReturn relative to average drawdown | 6.04 | 10.94 | -4.90 |
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Drawdowns
GRSPX vs. MHELX - Drawdown Comparison
The maximum GRSPX drawdown since its inception was -35.67%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for GRSPX and MHELX.
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Drawdown Indicators
| GRSPX | MHELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.67% | -61.24% | +25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -8.52% | -21.89% |
Max Drawdown (3Y)Largest decline over 3 years | -30.41% | -30.81% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -32.01% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -35.07% | -39.02% | +3.95% |
Current DrawdownCurrent decline from peak | -4.73% | -4.38% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -12.87% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 2.69% | +0.60% |
Volatility
GRSPX vs. MHELX - Volatility Comparison
The current volatility for Greenspring Fund (GRSPX) is 3.87%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 4.50%. This indicates that GRSPX 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
| GRSPX | MHELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.50% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 51.00% | 12.96% | +38.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.06% | 19.76% | +36.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.19% | 21.05% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 20.96% | +1.57% |
GRSPX vs. MHELX - Expense Ratio Comparison
GRSPX has a 1.09% expense ratio, which is lower than MHELX's 1.25% expense ratio.
Dividends
GRSPX vs. MHELX - Dividend Comparison
GRSPX's dividend yield for the trailing twelve months is around 7.99%, more than MHELX's 6.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 7.99% | 9.40% | 6.70% | 6.84% | 8.04% | 7.69% | 2.39% | 7.89% | 11.05% | 9.63% | 6.81% | 5.34% |
MHELX MH Elite Small Cap Fund of Funds Fund | 6.16% | 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
GRSPX and MHELX 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.
MHELX has higher volatility (4.50%) compared to GRSPX (3.87%). In terms of maximum drawdown, GRSPX dropped -35.67% vs MHELX's -61.24%.
MHELX currently has the higher Sharpe Ratio (1.49 vs 0.36), 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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