MHEIX vs. AAS.L
MHEIX (MH Elite Income Fund of Funds) is Global Allocation fund managed by MH Elite, while AAS.L (Abrdn Asia Focus plc) is a stock. Over the past 10 years, MHEIX returned 3.18%/yr vs 15.59%/yr for AAS.L. At a 0.24 correlation, their price movements are largely independent.
Performance
MHEIX vs. AAS.L - Performance Comparison
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Different Trading Currencies
MHEIX is traded in USD, while AAS.L is traded in GBp. To make them comparable, the AAS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MHEIX achieves a 2.28% return, which is significantly lower than AAS.L's 15.32% return. Over the past 10 years, MHEIX has underperformed AAS.L with an annualized return of 3.18%, while AAS.L has yielded a comparatively higher 15.59% annualized return.
MHEIX
- 1D
- 0.18%
- 1M
- 0.18%
- YTD
- 2.28%
- 6M
- 2.65%
- 1Y
- 8.59%
- 3Y*
- 6.22%
- 5Y*
- 2.17%
- 10Y*
- 3.18%
AAS.L
- 1D
- 0.53%
- 1M
- -9.86%
- YTD
- 15.32%
- 6M
- 16.08%
- 1Y
- 35.28%
- 3Y*
- 23.45%
- 5Y*
- 12.20%
- 10Y*
- 15.59%
MHEIX vs. AAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHEIX MH Elite Income Fund of Funds | 2.28% | 4.76% | 5.98% | 7.55% | -9.83% | 2.44% | 5.27% | 11.10% | -3.24% | 5.40% |
AAS.L Abrdn Asia Focus plc | 15.32% | 36.29% | 11.27% | 12.27% | -19.74% | 26.89% | 23.18% | 21.30% | -1.23% | 31.91% |
Correlation
The correlation between MHEIX and AAS.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.24 |
The correlation between MHEIX and AAS.L shifts across timeframes, from 0.10 (3 years) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MHEIX vs. AAS.L — Risk / Return Rank
MHEIX
AAS.L
MHEIX vs. AAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MH Elite Income Fund of Funds (MHEIX) and Abrdn Asia Focus plc (AAS.L). 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.
| MHEIX | AAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.43 | -0.53 |
| Martin ratioReturn relative to average drawdown | 4.96 | 8.22 | -3.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MHEIX | AAS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.73 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.57 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.72 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.00 | +0.60 |
Drawdowns
MHEIX vs. AAS.L - Drawdown Comparison
The maximum MHEIX drawdown since its inception was -16.95%, smaller than the maximum AAS.L drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for MHEIX and AAS.L.
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Drawdown Indicators
| MHEIX | AAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.95% | -99.97% | +83.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -14.44% | +9.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -15.10% | +8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -36.12% | +22.50% |
Max Drawdown (10Y)Largest decline over 10 years | -16.95% | -43.08% | +26.13% |
Current DrawdownCurrent decline from peak | -1.63% | -82.44% | +80.81% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -86.33% | +83.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 4.28% | -2.54% |
Volatility
MHEIX vs. AAS.L - Volatility Comparison
The current volatility for MH Elite Income Fund of Funds (MHEIX) is 1.09%, while Abrdn Asia Focus plc (AAS.L) has a volatility of 7.20%. This indicates that MHEIX experiences smaller price fluctuations and is considered to be less risky than AAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHEIX | AAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 7.20% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.87% | 17.42% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.20% | 20.33% | -14.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.56% | 21.54% | -15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 21.59% | -16.36% |
Dividends
MHEIX vs. AAS.L - Dividend Comparison
MHEIX's dividend yield for the trailing twelve months is around 3.71%, more than AAS.L's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAS.L Abrdn Asia Focus plc | 1.53% | 1.77% | 2.53% | 3.26% | 4.11% | 0.00% | 8.14% | 8.84% | 8.40% | 7.58% | 5.54% | 10.18% |
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
MHEIX and AAS.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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