IFAFX vs. MHEIX
IFAFX (American Funds Income Fund of America Class F1) and MHEIX (MH Elite Income Fund of Funds) are both Global Allocation funds. Over the past 10 years, IFAFX returned 8.14%/yr vs 2.99%/yr for MHEIX. A 0.53 correlation means they provide meaningful diversification when combined. IFAFX charges 0.63%/yr vs 1.25%/yr for MHEIX.
Performance
IFAFX vs. MHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, IFAFX achieves a 6.91% return, which is significantly higher than MHEIX's 2.09% return. Over the past 10 years, IFAFX has outperformed MHEIX with an annualized return of 8.14%, while MHEIX has yielded a comparatively lower 2.99% annualized return.
IFAFX
- 1D
- 0.15%
- 1M
- -0.05%
- 6M
- 4.61%
- YTD
- 6.91%
- 1Y
- 13.34%
- 3Y*
- 13.40%
- 5Y*
- 7.91%
- 10Y*
- 8.14%
MHEIX
- 1D
- 0.19%
- 1M
- 0.37%
- 6M
- 1.69%
- YTD
- 2.09%
- 1Y
- 6.75%
- 3Y*
- 5.94%
- 5Y*
- 2.02%
- 10Y*
- 2.99%
IFAFX vs. MHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFAFX American Funds Income Fund of America Class F1 | 6.91% | 17.71% | 10.76% | 6.76% | -6.48% | 17.28% | 4.40% | 18.41% | -5.33% | 12.48% |
MHEIX MH Elite Income Fund of Funds | 2.09% | 4.76% | 5.98% | 7.55% | -9.83% | 2.44% | 5.27% | 11.10% | -3.24% | 5.40% |
Correlation
The correlation between IFAFX 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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.53 |
Over the past year, the correlation between IFAFX and MHEIX has dropped to 0.05 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
IFAFX vs. MHEIX — Risk / Return Rank
IFAFX
MHEIX
IFAFX vs. MHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Income Fund of America Class F1 (IFAFX) 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.
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.
| IFAFX | MHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.49 | +0.62 |
| Martin ratioReturn relative to average drawdown | 7.67 | 3.69 | +3.98 |
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Drawdowns
IFAFX vs. MHEIX - Drawdown Comparison
The maximum IFAFX drawdown since its inception was -41.90%, which is greater than MHEIX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for IFAFX and MHEIX.
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Drawdown Indicators
| IFAFX | MHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -16.95% | -24.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.11% | -4.54% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -8.63% | -6.57% | -2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.84% | -13.62% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -26.13% | -16.95% | -9.18% |
Current DrawdownCurrent decline from peak | -0.66% | -1.81% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -2.47% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.83% | -0.15% |
Volatility
IFAFX vs. MHEIX - Volatility Comparison
American Funds Income Fund of America Class F1 (IFAFX) has a higher volatility of 2.26% compared to MH Elite Income Fund of Funds (MHEIX) at 0.94%. This indicates that IFAFX'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
| IFAFX | MHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 0.94% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 5.92% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 6.23% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 5.58% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 5.23% | +5.39% |
IFAFX vs. MHEIX - Expense Ratio Comparison
IFAFX has a 0.63% expense ratio, which is lower than MHEIX's 1.25% expense ratio.
Dividends
IFAFX vs. MHEIX - Dividend Comparison
IFAFX's dividend yield for the trailing twelve months is around 9.38%, more than MHEIX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFAFX American Funds Income Fund of America Class F1 | 9.38% | 9.91% | 6.33% | 2.90% | 6.94% | 6.61% | 2.76% | 4.95% | 7.39% | 4.20% | 3.01% | 5.02% |
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
IFAFX 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.
IFAFX has higher volatility (2.26%) compared to MHEIX (0.94%). In terms of maximum drawdown, IFAFX dropped -41.90% vs MHEIX's -16.95%.
IFAFX currently has the higher Sharpe Ratio (1.74 vs 1.09), 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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