MHEFX vs. MHEIX
MHEFX (MH Elite Fund of Funds Fund) and MHEIX (MH Elite Income Fund of Funds) are both mutual funds - MHEFX is a Diversified Portfolio fund managed by MH Elite, while MHEIX is a Global Allocation fund managed by MH Elite. Over the past 10 years, MHEFX returned 9.53%/yr vs 3.18%/yr for MHEIX. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 1.25% expense ratio.
Performance
MHEFX vs. MHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, MHEFX achieves a 0.10% return, which is significantly lower than MHEIX's 2.09% return. Over the past 10 years, MHEFX has outperformed MHEIX with an annualized return of 9.53%, while MHEIX has yielded a comparatively lower 3.18% annualized return.
MHEFX
- 1D
- 0.84%
- 1M
- 1.16%
- YTD
- 0.10%
- 6M
- -0.52%
- 1Y
- 11.20%
- 3Y*
- 10.63%
- 5Y*
- 4.49%
- 10Y*
- 9.53%
MHEIX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 2.09%
- 6M
- 2.27%
- 1Y
- 7.98%
- 3Y*
- 6.01%
- 5Y*
- 2.13%
- 10Y*
- 3.18%
MHEFX vs. MHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHEFX MH Elite Fund of Funds Fund | 0.10% | 4.23% | 18.30% | 19.54% | -20.68% | 19.81% | 19.79% | 25.20% | -10.95% | 20.45% |
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 MHEFX and MHEIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.56 |
The correlation between MHEFX and MHEIX shifts across timeframes, from 0.45 (1 year) to 0.57 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MHEFX vs. MHEIX — Risk / Return Rank
MHEFX
MHEIX
MHEFX vs. MHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MH Elite Fund of Funds Fund (MHEFX) 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.
| MHEFX | MHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.77 | -0.96 |
| Martin ratioReturn relative to average drawdown | 2.27 | 4.48 | -2.21 |
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Drawdowns
MHEFX vs. MHEIX - Drawdown Comparison
The maximum MHEFX drawdown since its inception was -54.87%, which is greater than MHEIX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for MHEFX and MHEIX.
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Drawdown Indicators
| MHEFX | MHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.87% | -16.95% | -37.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.60% | -4.54% | -11.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.71% | -6.57% | -18.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.40% | -13.62% | -14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -38.85% | -16.95% | -21.90% |
Current DrawdownCurrent decline from peak | -1.83% | -1.81% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -2.47% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 1.78% | +3.68% |
Volatility
MHEFX vs. MHEIX - Volatility Comparison
MH Elite Fund of Funds Fund (MHEFX) has a higher volatility of 4.54% compared to MH Elite Income Fund of Funds (MHEIX) at 1.23%. This indicates that MHEFX'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
| MHEFX | MHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 1.23% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 5.93% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 6.27% | +7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 5.58% | +11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.46% | 5.24% | +24.22% |
MHEFX vs. MHEIX - Expense Ratio Comparison
Both MHEFX and MHEIX have an expense ratio of 1.25%.
Dividends
MHEFX vs. MHEIX - Dividend Comparison
MHEFX has not paid dividends to shareholders, while MHEIX's dividend yield for the trailing twelve months is around 3.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHEFX MH Elite Fund of Funds Fund | 0.00% | 0.00% | 4.93% | 0.00% | 12.46% | 5.78% | 3.47% | 3.00% | 0.05% | 1.83% | 6.71% | 18.17% |
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
MHEFX and MHEIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHEFX has higher volatility (4.54%) compared to MHEIX (1.23%). In terms of maximum drawdown, MHEFX dropped -54.87% vs MHEIX's -16.95%.
MHEIX currently has the higher Sharpe Ratio (1.28 vs 0.91), 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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