MHELX vs. IOEZX
Compare and contrast key facts about MH Elite Small Cap Fund of Funds Fund (MHELX) and ICON Equity Income Fund (IOEZX).
MHELX is managed by MH Elite. It was launched on Aug 31, 1998. IOEZX is managed by ICON Funds. It was launched on May 9, 2004.
Performance
MHELX vs. IOEZX - Performance Comparison
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MHELX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHELX MH Elite Small Cap Fund of Funds Fund | 2.64% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
IOEZX ICON Equity Income Fund | 8.64% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Returns By Period
In the year-to-date period, MHELX achieves a 2.64% return, which is significantly lower than IOEZX's 8.64% return. Over the past 10 years, MHELX has underperformed IOEZX with an annualized return of 7.81%, while IOEZX has yielded a comparatively higher 8.27% annualized return.
MHELX
- 1D
- -1.03%
- 1M
- -6.41%
- YTD
- 2.64%
- 6M
- 5.82%
- 1Y
- 25.21%
- 3Y*
- 10.10%
- 5Y*
- 2.95%
- 10Y*
- 7.81%
IOEZX
- 1D
- -0.67%
- 1M
- -4.99%
- YTD
- 8.64%
- 6M
- 12.25%
- 1Y
- 19.34%
- 3Y*
- 11.13%
- 5Y*
- 4.83%
- 10Y*
- 8.27%
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MHELX vs. IOEZX - Expense Ratio Comparison
MHELX has a 1.25% expense ratio, which is higher than IOEZX's 1.00% expense ratio.
Return for Risk
MHELX vs. IOEZX — Risk / Return Rank
MHELX
IOEZX
MHELX vs. IOEZX - 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 ICON Equity Income Fund (IOEZX). 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.
| MHELX | IOEZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.28 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.84 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.62 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.54 | 6.69 | -0.15 |
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
| MHELX | IOEZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.28 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.35 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.50 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.39 | -0.09 |
Correlation
The correlation between MHELX and IOEZX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MHELX vs. IOEZX - Dividend Comparison
MHELX's dividend yield for the trailing twelve months is around 7.03%, more than IOEZX's 2.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHELX MH Elite Small Cap Fund of Funds Fund | 7.03% | 0.00% | 2.19% | 0.00% | 14.45% | 5.03% | 2.70% | 6.13% | 0.00% | 5.17% | 5.51% | 6.93% |
IOEZX ICON Equity Income Fund | 2.50% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
Drawdowns
MHELX vs. IOEZX - Drawdown Comparison
The maximum MHELX drawdown since its inception was -61.24%, which is greater than IOEZX's maximum drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for MHELX and IOEZX.
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Drawdown Indicators
| MHELX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.24% | -56.15% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -11.71% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -21.47% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.02% | -38.12% | -0.90% |
Current DrawdownCurrent decline from peak | -7.01% | -4.99% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -8.64% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.84% | +0.51% |
Volatility
MHELX vs. IOEZX - Volatility Comparison
MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 6.08% compared to ICON Equity Income Fund (IOEZX) at 4.25%. This indicates that MHELX's price experiences larger fluctuations and is considered to be riskier than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHELX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 4.25% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 8.69% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 15.56% | +7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 13.90% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 16.44% | +4.48% |