MHEFX vs. MHESX

Last updated Jun 4, 2026

MHEFX (MH Elite Fund of Funds Fund) and MHESX (MH Elite Select Portfolio of Funds Fund) are both mutual funds - MHEFX is a Diversified Portfolio fund managed by MH Elite, while MHESX is a Global Allocation fund managed by MH Elite. Over the past 10 years, MHEFX returned 9.21%/yr vs 5.38%/yr for MHESX. Their correlation of 0.83 suggests significant overlap in exposure. MHEFX charges 1.25%/yr vs 0.21%/yr for MHESX.

Performance

MHEFX vs. MHESX - 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 Select Portfolio of Funds Fund (MHESX). 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 MHESX's 9.33% return. Over the past 10 years, MHEFX has outperformed MHESX with an annualized return of 9.21%, while MHESX has yielded a comparatively lower 5.38% annualized return.

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%

MHESX

• 1D: 0.28%
• 1M: 3.17%
• YTD: 9.33%
• 6M: 11.54%
• 1Y: 23.49%
• 3Y*: 11.34%
• 5Y*: 1.58%
• 10Y*: 5.38%

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

MHEFX vs. MHESX - 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%
MHESX MH Elite Select Portfolio of Funds Fund	9.33%	17.63%	0.77%	12.54%	-26.14%	6.62%	20.24%	20.22%	-17.04%	21.72%

Correlation

The correlation between MHEFX and MHESX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 4, 2006	0.83

The correlation between MHEFX and MHESX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

MHEFX vs. MHESX — 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

MHESX

MHESX Risk / Return Rank: 55
MHESX Sharpe Ratio Rank: 57
MHESX Sortino Ratio Rank: 55
MHESX Omega Ratio Rank: 58
MHESX Calmar Ratio Rank: 54
MHESX Martin Ratio Rank: 52

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. MHESX - 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 Select Portfolio of Funds Fund (MHESX). 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	MHESX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.23	-1.17
Sortino ratio: Return per unit of downside risk	1.39	3.13	-1.74
Omega ratio: Gain probability vs. loss probability	1.21	1.42	-0.21
Calmar ratio: Return relative to maximum drawdown	0.90	2.81	-1.91
Martin ratio: Return relative to average drawdown	2.55	10.62	-8.07
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. MHESX - Sharpe Ratio Comparison

The current MHEFX Sharpe Ratio is 1.06, which is lower than the MHESX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of MHEFX and MHESX, 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	MHESX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	2.23	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.11	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.36	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.21	+0.04

Drawdowns

MHEFX vs. MHESX - Drawdown Comparison

The maximum MHEFX drawdown since its inception was -54.87%, which is greater than MHESX's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for MHEFX and MHESX.

Drawdown Indicators

	MHEFX	MHESX	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	-46.01%	-8.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.60%	-8.64%	-6.96%
Max Drawdown (3Y) Largest decline over 3 years	-24.71%	-19.47%	-5.24%
Max Drawdown (5Y) Largest decline over 5 years	-38.85%	-36.05%	-2.80%
Max Drawdown (10Y) Largest decline over 10 years	-38.85%	-36.05%	-2.80%
Current Drawdown Current decline from peak	-1.02%	0.00%	-1.02%
Average Drawdown Average peak-to-trough decline	-9.55%	-11.68%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.43%	2.26%	+3.17%

Volatility

MHEFX vs. MHESX - Volatility Comparison

The current volatility for MH Elite Fund of Funds Fund (MHEFX) is 2.75%, while MH Elite Select Portfolio of Funds Fund (MHESX) has a volatility of 3.20%. This indicates that MHEFX experiences smaller price fluctuations and is considered to be less risky than MHESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MHEFX	MHESX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	3.20%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	8.76%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.20%	10.89%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.32%	15.18%	+22.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.43%	14.84%	+14.59%

MHEFX vs. MHESX - Expense Ratio Comparison

MHEFX has a 1.25% expense ratio, which is higher than MHESX's 0.21% expense ratio.

Dividends

MHEFX vs. MHESX - Dividend Comparison

Neither MHEFX nor MHESX has paid dividends to shareholders.

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%
MHESX MH Elite Select Portfolio of Funds Fund	0.00%	0.00%	0.94%	0.20%	6.43%	4.56%	4.72%	1.74%	0.75%	2.41%	3.16%	2.85%

Frequently Asked Questions

Can I hold both MHEFX and MHESX in my portfolio?

MHEFX and MHESX have a correlation of 0.79, 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 MHESX?

MHESX has higher volatility (3.20%) compared to MHEFX (2.75%). In terms of maximum drawdown, MHEFX dropped -54.87% vs MHESX's -46.01%.

Which has better risk-adjusted returns?

MHESX currently has the higher Sharpe Ratio (2.23 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.