MHELX vs. MHEFX
MHELX (MH Elite Small Cap Fund of Funds Fund) and MHEFX (MH Elite Fund of Funds Fund) are both Diversified Portfolio funds from MH Elite. Over the past 10 years, MHELX returned 9.53%/yr vs 9.53%/yr for MHEFX. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 1.25% expense ratio.
Performance
MHELX vs. MHEFX - Performance Comparison
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Returns By Period
In the year-to-date period, MHELX achieves a 20.27% return, which is significantly higher than MHEFX's 0.10% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MHELX at 9.53% and MHEFX at 9.53%.
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%
MHEFX
- 1D
- 0.84%
- 1M
- 1.16%
- YTD
- 0.10%
- 6M
- -0.52%
- 1Y
- 11.20%
- 3Y*
- 10.63%
- 5Y*
- 4.49%
- 10Y*
- 9.53%
MHELX vs. MHEFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MHEFX MH Elite Fund of Funds Fund | 0.10% | 4.23% | 18.30% | 19.54% | -20.68% | 19.81% | 19.79% | 25.20% | -10.95% | 20.45% |
Correlation
The correlation between MHELX and MHEFX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2006 | 0.87 |
Over the past year, the correlation between MHELX and MHEFX has dropped to 0.46 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
MHELX vs. MHEFX — Risk / Return Rank
MHELX
MHEFX
MHELX vs. MHEFX - 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 MH Elite Fund of Funds Fund (MHEFX). 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 | MHEFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 0.80 | +3.90 |
| Martin ratioReturn relative to average drawdown | 15.78 | 2.27 | +13.52 |
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Drawdowns
MHELX vs. MHEFX - Drawdown Comparison
The maximum MHELX drawdown since its inception was -61.24%, which is greater than MHEFX's maximum drawdown of -54.87%. Use the drawdown chart below to compare losses from any high point for MHELX and MHEFX.
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Drawdown Indicators
| MHELX | MHEFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.24% | -54.87% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -15.60% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -24.71% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -28.40% | -3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -39.02% | -38.85% | -0.17% |
Current DrawdownCurrent decline from peak | -0.20% | -1.83% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -12.91% | -9.53% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 5.46% | -2.93% |
Volatility
MHELX vs. MHEFX - Volatility Comparison
MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 5.83% compared to MH Elite Fund of Funds Fund (MHEFX) at 4.54%. This indicates that MHELX's price experiences larger fluctuations and is considered to be riskier than MHEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHELX | MHEFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 4.54% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 11.82% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 13.73% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.09% | 17.37% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 29.46% | -8.44% |
MHELX vs. MHEFX - Expense Ratio Comparison
Both MHELX and MHEFX have an expense ratio of 1.25%.
Dividends
MHELX vs. MHEFX - Dividend Comparison
MHELX's dividend yield for the trailing twelve months is around 6.00%, while MHEFX has not 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% |
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
MHELX and MHEFX have a correlation of 0.46, 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 MHEFX (4.54%). In terms of maximum drawdown, MHELX dropped -61.24% vs MHEFX's -54.87%.
MHELX currently has the higher Sharpe Ratio (2.03 vs 0.91), 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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