MHEIX vs. MHELX
MHEIX (MH Elite Income Fund of Funds) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both mutual funds - MHEIX is a Global Allocation fund managed by MH Elite, while MHELX is a Diversified Portfolio fund managed by MH Elite. Over the past 10 years, MHEIX returned 3.18%/yr vs 9.53%/yr for MHELX. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 1.25% expense ratio.
Performance
MHEIX vs. MHELX - Performance Comparison
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Returns By Period
In the year-to-date period, MHEIX achieves a 2.09% return, which is significantly lower than MHELX's 20.27% return. Over the past 10 years, MHEIX has underperformed MHELX with an annualized return of 3.18%, while MHELX has yielded a comparatively higher 9.53% annualized return.
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%
MHELX
- 1D
- 1.30%
- 1M
- 4.02%
- YTD
- 20.27%
- 6M
- 19.08%
- 1Y
- 40.05%
- 3Y*
- 15.91%
- 5Y*
- 5.29%
- 10Y*
- 9.53%
MHEIX vs. MHELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MHELX MH Elite Small Cap Fund of Funds Fund | 20.27% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
Correlation
The correlation between MHEIX and MHELX is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.57 |
The correlation between MHEIX and MHELX shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MHEIX vs. MHELX — Risk / Return Rank
MHEIX
MHELX
MHEIX vs. MHELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MH Elite Income Fund of Funds (MHEIX) 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.
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.
| MHEIX | MHELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 4.70 | -2.94 |
| Martin ratioReturn relative to average drawdown | 4.48 | 15.78 | -11.30 |
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Drawdowns
MHEIX vs. MHELX - Drawdown Comparison
The maximum MHEIX drawdown since its inception was -16.95%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for MHEIX and MHELX.
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Drawdown Indicators
| MHEIX | MHELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.95% | -61.24% | +44.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -8.52% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -30.81% | +24.24% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -32.01% | +18.39% |
Max Drawdown (10Y)Largest decline over 10 years | -16.95% | -39.02% | +22.07% |
Current DrawdownCurrent decline from peak | -1.81% | -0.20% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -12.91% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.53% | -0.75% |
Volatility
MHEIX vs. MHELX - Volatility Comparison
The current volatility for MH Elite Income Fund of Funds (MHEIX) is 1.23%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 5.83%. This indicates that MHEIX 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.
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Volatility by Period
| MHEIX | MHELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 5.83% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 15.78% | -9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.27% | 19.73% | -13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.58% | 21.09% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 21.02% | -15.78% |
MHEIX vs. MHELX - Expense Ratio Comparison
Both MHEIX and MHELX have an expense ratio of 1.25%.
Dividends
MHEIX vs. MHELX - Dividend Comparison
MHEIX's dividend yield for the trailing twelve months is around 3.71%, less than MHELX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MHELX MH Elite Small Cap Fund of Funds Fund | 6.00% | 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
MHEIX and MHELX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHELX has higher volatility (5.83%) compared to MHEIX (1.23%). In terms of maximum drawdown, MHEIX dropped -16.95% vs MHELX's -61.24%.
MHELX currently has the higher Sharpe Ratio (2.03 vs 1.28), 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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