MHELX vs. AYBLX

Last updated Jun 23, 2026

MHELX (MH Elite Small Cap Fund of Funds Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, MHELX returned 9.09%/yr vs 10.59%/yr for AYBLX. A 0.74 correlation means they provide meaningful diversification when combined. MHELX charges 1.25%/yr vs 0.65%/yr for AYBLX.

Performance

MHELX vs. AYBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MH Elite Small Cap Fund of Funds Fund (MHELX) and Pioneer Balanced ESG Fund (AYBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MHELX achieves a 18.72% return, which is significantly higher than AYBLX's 14.22% return. Over the past 10 years, MHELX has underperformed AYBLX with an annualized return of 9.09%, while AYBLX has yielded a comparatively higher 10.59% annualized return.

MHELX

• 1D: -0.70%
• 1M: 2.68%
• YTD: 18.72%
• 6M: 17.29%
• 1Y: 38.07%
• 3Y*: 14.55%
• 5Y*: 5.53%
• 10Y*: 9.09%

AYBLX

• 1D: 0.93%
• 1M: 1.85%
• YTD: 14.22%
• 6M: 14.00%
• 1Y: 33.22%
• 3Y*: 17.09%
• 5Y*: 9.89%
• 10Y*: 10.59%

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

MHELX vs. AYBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MHELX MH Elite Small Cap Fund of Funds Fund	18.72%	3.45%	12.51%	16.30%	-20.27%	14.07%	20.57%	22.49%	-12.76%	12.42%
AYBLX Pioneer Balanced ESG Fund	14.22%	19.80%	9.64%	15.41%	-14.39%	15.48%	12.92%	22.22%	-4.43%	15.19%

Correlation

The correlation between MHELX and AYBLX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Aug 31, 1998	0.74

Over the past year, the correlation between MHELX and AYBLX has dropped to 0.05 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

MHELX vs. AYBLX — Risk / Return Rank

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

MHELX

MHELX Risk / Return Rank: 67
MHELX Sharpe Ratio Rank: 52
MHELX Sortino Ratio Rank: 52
MHELX Omega Ratio Rank: 54
MHELX Calmar Ratio Rank: 91
MHELX Martin Ratio Rank: 86

AYBLX

AYBLX Risk / Return Rank: 94
AYBLX Sharpe Ratio Rank: 97
AYBLX Sortino Ratio Rank: 95
AYBLX Omega Ratio Rank: 90
AYBLX Calmar Ratio Rank: 94
AYBLX Martin Ratio Rank: 97

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.

MHELX vs. AYBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MH Elite Small Cap Fund of Funds Fund (MHELX) and Pioneer Balanced ESG Fund (AYBLX). 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.

	MHELX	AYBLX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	3.30	-1.33
Sortino ratio: Return per unit of downside risk	2.79	4.63	-1.84
Omega ratio: Gain probability vs. loss probability	1.37	1.61	-0.24
Calmar ratio: Return relative to maximum drawdown	4.53	5.12	-0.58
Martin ratio: Return relative to average drawdown	15.21	23.78	-8.56

MHELX vs. AYBLX - Sharpe Ratio Comparison

The current MHELX Sharpe Ratio is 1.96, which is lower than the AYBLX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of MHELX and AYBLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MHELX vs. AYBLX - Drawdown Comparison

The maximum MHELX drawdown since its inception was -61.24%, which is greater than AYBLX's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for MHELX and AYBLX.

Drawdown Indicators

	MHELX	AYBLX	Difference
Max Drawdown Largest peak-to-trough decline	-61.24%	-36.28%	-24.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-6.41%	-2.11%
Max Drawdown (3Y) Largest decline over 3 years	-30.81%	-13.39%	-17.42%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-20.26%	-11.75%
Max Drawdown (10Y) Largest decline over 10 years	-39.02%	-24.24%	-14.78%
Current Drawdown Current decline from peak	-1.48%	-0.32%	-1.16%
Average Drawdown Average peak-to-trough decline	-12.91%	-3.78%	-9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	1.38%	+1.15%

Volatility

MHELX vs. AYBLX - Volatility Comparison

MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 5.83% compared to Pioneer Balanced ESG Fund (AYBLX) at 3.74%. This indicates that MHELX's price experiences larger fluctuations and is considered to be riskier than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MHELX	AYBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	3.74%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	7.86%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	19.68%	9.94%	+9.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	11.13%	+9.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	11.33%	+9.68%

MHELX vs. AYBLX - Expense Ratio Comparison

MHELX has a 1.25% expense ratio, which is higher than AYBLX's 0.65% expense ratio.

Dividends

MHELX vs. AYBLX - Dividend Comparison

MHELX's dividend yield for the trailing twelve months is around 6.08%, more than AYBLX's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AYBLX Pioneer Balanced ESG Fund	3.24%	3.58%	2.59%	1.76%	3.23%	8.61%	4.12%	6.03%	9.97%	9.42%	2.63%	4.14%
MHELX MH Elite Small Cap Fund of Funds Fund	6.08%	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 MHELX and AYBLX in my portfolio?

MHELX and AYBLX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MHELX or AYBLX?

MHELX has higher volatility (5.83%) compared to AYBLX (3.74%). In terms of maximum drawdown, MHELX dropped -61.24% vs AYBLX's -36.28%.

Which has better risk-adjusted returns?

AYBLX currently has the higher Sharpe Ratio (3.30 vs 1.96), 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.