IUAIX vs. MHELX

Last updated Jun 5, 2026

IUAIX (VY Invesco Equity and Income Portfolio) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. Over the past 10 years, IUAIX returned 8.97%/yr vs 9.08%/yr for MHELX. A 0.79 correlation means they provide meaningful diversification when combined. IUAIX charges 0.64%/yr vs 1.25%/yr for MHELX.

Performance

IUAIX vs. MHELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY Invesco Equity and Income Portfolio (IUAIX) and MH Elite Small Cap Fund of Funds Fund (MHELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUAIX achieves a 5.73% return, which is significantly lower than MHELX's 19.20% return. Both investments have delivered pretty close results over the past 10 years, with IUAIX having a 8.97% annualized return and MHELX not far ahead at 9.08%.

IUAIX

• 1D: -0.31%
• 1M: 0.31%
• YTD: 5.73%
• 6M: 4.85%
• 1Y: 15.30%
• 3Y*: 12.73%
• 5Y*: 6.66%
• 10Y*: 8.97%

MHELX

• 1D: 1.32%
• 1M: 3.73%
• YTD: 19.20%
• 6M: 20.13%
• 1Y: 38.99%
• 3Y*: 15.78%
• 5Y*: 5.28%
• 10Y*: 9.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUAIX vs. MHELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUAIX VY Invesco Equity and Income Portfolio	5.73%	10.78%	11.87%	10.24%	-7.48%	18.85%	9.99%	20.06%	-9.44%	10.92%
MHELX MH Elite Small Cap Fund of Funds Fund	19.20%	3.45%	12.51%	16.30%	-20.27%	14.07%	20.57%	22.49%	-12.76%	12.42%

Correlation

The correlation between IUAIX and MHELX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Dec 11, 2001	0.79

Over the past year, the correlation between IUAIX and MHELX has dropped to 0.17 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

IUAIX vs. MHELX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUAIX

IUAIX Risk / Return Rank: 43
IUAIX Sharpe Ratio Rank: 28
IUAIX Sortino Ratio Rank: 24
IUAIX Omega Ratio Rank: 43
IUAIX Calmar Ratio Rank: 58
IUAIX Martin Ratio Rank: 62

MHELX

MHELX Risk / Return Rank: 69
MHELX Sharpe Ratio Rank: 55
MHELX Sortino Ratio Rank: 54
MHELX Omega Ratio Rank: 56
MHELX Calmar Ratio Rank: 92
MHELX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUAIX vs. MHELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY Invesco Equity and Income Portfolio (IUAIX) 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.

	IUAIX	MHELX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.15	-0.69
Sortino ratio: Return per unit of downside risk	2.00	3.03	-1.03
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.87	4.86	-1.99
Martin ratio: Return relative to average drawdown	11.85	16.42	-4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUAIX vs. MHELX - Sharpe Ratio Comparison

The current IUAIX Sharpe Ratio is 1.46, which is lower than the MHELX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of IUAIX and MHELX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IUAIX	MHELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.15	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.25	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.43	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.33	+0.17

Drawdowns

IUAIX vs. MHELX - Drawdown Comparison

The maximum IUAIX drawdown since its inception was -39.25%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for IUAIX and MHELX.

Drawdown Indicators

	IUAIX	MHELX	Difference
Max Drawdown Largest peak-to-trough decline	-39.25%	-61.24%	+21.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	-8.52%	+2.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.62%	-30.81%	+18.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	-32.01%	+15.45%
Max Drawdown (10Y) Largest decline over 10 years	-29.60%	-39.02%	+9.42%
Current Drawdown Current decline from peak	-0.53%	0.00%	-0.53%
Average Drawdown Average peak-to-trough decline	-5.60%	-12.93%	+7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	2.51%	-1.11%

Volatility

IUAIX vs. MHELX - Volatility Comparison

VY Invesco Equity and Income Portfolio (IUAIX) has a higher volatility of 8.53% compared to MH Elite Small Cap Fund of Funds Fund (MHELX) at 4.69%. This indicates that IUAIX's price experiences larger fluctuations and is considered to be riskier than MHELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUAIX	MHELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	4.69%	+3.84%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	15.28%	-4.98%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	19.26%	-7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	21.01%	-8.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	20.97%	-7.89%

IUAIX vs. MHELX - Expense Ratio Comparison

IUAIX has a 0.64% expense ratio, which is lower than MHELX's 1.25% expense ratio.

Dividends

IUAIX vs. MHELX - Dividend Comparison

IUAIX's dividend yield for the trailing twelve months is around 35.53%, more than MHELX's 6.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUAIX VY Invesco Equity and Income Portfolio	35.53%	37.57%	10.65%	7.88%	18.93%	2.55%	5.81%	7.37%	9.59%	4.57%	6.14%	11.24%
MHELX MH Elite Small Cap Fund of Funds Fund	6.05%	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

Can I hold both IUAIX and MHELX in my portfolio?

IUAIX and MHELX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IUAIX or MHELX?

IUAIX has higher volatility (8.53%) compared to MHELX (4.69%). In terms of maximum drawdown, IUAIX dropped -39.25% vs MHELX's -61.24%.

Which has better risk-adjusted returns?

MHELX currently has the higher Sharpe Ratio (2.15 vs 1.46), 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.