MHEFX vs. MHELX

Last updated Jun 4, 2026

MHEFX (MH Elite Fund of Funds Fund) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds from MH Elite. Over the past 10 years, MHEFX returned 9.21%/yr vs 8.94%/yr for MHELX. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 1.25% expense ratio.

Performance

MHEFX vs. MHELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MH Elite Fund of Funds Fund (MHEFX) 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, MHEFX achieves a 0.94% return, which is significantly lower than MHELX's 17.65% return. Both investments have delivered pretty close results over the past 10 years, with MHEFX having a 9.21% annualized return and MHELX not far behind at 8.94%.

MHEFX

• 1D: 0.31%
• 1M: 4.30%
• YTD: 0.94%
• 6M: 1.25%
• 1Y: 13.17%
• 3Y*: 11.38%
• 5Y*: 5.16%
• 10Y*: 9.21%

MHELX

• 1D: 0.10%
• 1M: 1.75%
• YTD: 17.65%
• 6M: 20.19%
• 1Y: 39.35%
• 3Y*: 15.27%
• 5Y*: 5.11%
• 10Y*: 8.94%

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

MHEFX vs. MHELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MHEFX MH Elite Fund of Funds Fund	0.94%	4.23%	18.30%	19.54%	-20.68%	19.81%	19.79%	25.20%	-10.95%	20.45%
MHELX MH Elite Small Cap Fund of Funds Fund	17.65%	3.45%	12.51%	16.30%	-20.27%	14.07%	20.57%	22.49%	-12.76%	12.42%

Correlation

The correlation between MHEFX and MHELX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 17, 2006	0.87

Over the past year, the correlation between MHEFX and MHELX has dropped to 0.39 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

MHEFX vs. MHELX — Risk / Return Rank

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

MHEFX

MHEFX Risk / Return Rank: 12
MHEFX Sharpe Ratio Rank: 14
MHEFX Sortino Ratio Rank: 12
MHEFX Omega Ratio Rank: 17
MHEFX Calmar Ratio Rank: 9
MHEFX Martin Ratio Rank: 9

MHELX

MHELX Risk / Return Rank: 64
MHELX Sharpe Ratio Rank: 49
MHELX Sortino Ratio Rank: 48
MHELX Omega Ratio Rank: 51
MHELX Calmar Ratio Rank: 90
MHELX Martin Ratio Rank: 83

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.

MHEFX vs. MHELX - 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 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.

	MHEFX	MHELX	Difference
Sharpe ratio Return per unit of total volatility	1.06	2.06	-1.00
Sortino ratio Return per unit of downside risk	1.39	2.92	-1.53
Omega ratio Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio Return relative to maximum drawdown	0.90	4.64	-3.74
Martin ratio Return relative to average drawdown	2.55	15.69	-13.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MHEFX vs. MHELX - Sharpe Ratio Comparison

The current MHEFX Sharpe Ratio is 1.06, which is lower than the MHELX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MHEFX 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

	MHEFX	MHELX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	2.06	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.24	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.43	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.33	-0.07

Drawdowns

MHEFX vs. MHELX - Drawdown Comparison

The maximum MHEFX drawdown since its inception was -54.87%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for MHEFX and MHELX.

Drawdown Indicators

	MHEFX	MHELX	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	-61.24%	+6.37%
Max Drawdown (1Y) Largest decline over 1 year	-15.60%	-8.52%	-7.08%
Max Drawdown (3Y) Largest decline over 3 years	-24.71%	-30.81%	+6.10%
Max Drawdown (5Y) Largest decline over 5 years	-38.85%	-32.01%	-6.84%
Max Drawdown (10Y) Largest decline over 10 years	-38.85%	-39.02%	+0.17%
Current Drawdown Current decline from peak	-1.02%	-0.60%	-0.42%
Average Drawdown Average peak-to-trough decline	-9.55%	-12.93%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.43%	2.51%	+2.92%

Volatility

MHEFX vs. MHELX - Volatility Comparison

The current volatility for MH Elite Fund of Funds Fund (MHEFX) is 2.75%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 4.53%. This indicates that MHEFX 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.

Volatility by Period

	MHEFX	MHELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	4.53%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	15.24%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.20%	19.23%	-6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.32%	21.00%	+16.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.43%	20.97%	+8.46%

MHEFX vs. MHELX - Expense Ratio Comparison

Both MHEFX and MHELX have an expense ratio of 1.25%.

Dividends

MHEFX vs. MHELX - Dividend Comparison

MHEFX has not paid dividends to shareholders, while MHELX's dividend yield for the trailing twelve months is around 6.13%.

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%
MHELX MH Elite Small Cap Fund of Funds Fund	6.13%	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 MHEFX and MHELX in my portfolio?

MHEFX and MHELX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MHEFX or MHELX?

MHELX has higher volatility (4.53%) compared to MHEFX (2.75%). In terms of maximum drawdown, MHEFX dropped -54.87% vs MHELX's -61.24%.

Which has better risk-adjusted returns?

MHELX currently has the higher Sharpe Ratio (2.06 vs 1.06), 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.