MHELX vs. MHEIX
MHELX (MH Elite Small Cap Fund of Funds Fund) and MHEIX (MH Elite Income Fund of Funds) are both mutual funds - MHELX is a Diversified Portfolio fund managed by MH Elite, while MHEIX is a Global Allocation fund managed by MH Elite. Over the past 10 years, MHELX returned 8.35%/yr vs 2.88%/yr for MHEIX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.25% expense ratio.
Performance
MHELX vs. MHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, MHELX achieves a 14.91% return, which is significantly higher than MHEIX's 1.33% return. Over the past 10 years, MHELX has outperformed MHEIX with an annualized return of 8.35%, while MHEIX has yielded a comparatively lower 2.88% annualized return.
MHELX
- 1D
- -1.73%
- 1M
- -5.11%
- 6M
- 9.53%
- YTD
- 14.91%
- 1Y
- 27.69%
- 3Y*
- 11.07%
- 5Y*
- 4.53%
- 10Y*
- 8.35%
- ALL TIME*
- 7.01%
MHEIX
- 1D
- -0.37%
- 1M
- -0.56%
- 6M
- 0.75%
- YTD
- 1.33%
- 1Y
- 5.35%
- 3Y*
- 5.32%
- 5Y*
- 1.79%
- 10Y*
- 2.88%
- ALL TIME*
- 2.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MHELX vs. MHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHELX MH Elite Small Cap Fund of Funds Fund | 14.91% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
MHEIX MH Elite Income Fund of Funds | 1.33% | 4.76% | 5.98% | 7.55% | -9.83% | 2.44% | 5.27% | 11.10% | -3.24% | 5.40% |
Correlation
The correlation between MHELX and MHEIX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.57 |
The correlation between MHELX and MHEIX shifts across timeframes, from 0.57 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MHELX vs. MHEIX — Risk / Return Rank
MHELX
MHEIX
MHELX vs. MHEIX - 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 Income Fund of Funds (MHEIX). 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 | MHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.19 | +1.91 |
| Martin ratioReturn relative to average drawdown | 9.86 | 2.83 | +7.03 |
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Drawdowns
MHELX vs. MHEIX - Drawdown Comparison
The maximum MHELX drawdown since its inception was -61.24%, which is greater than MHEIX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for MHELX and MHEIX.
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Drawdown Indicators
| MHELX | MHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.24% | -16.95% | -44.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -4.54% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -6.57% | -24.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -13.62% | -18.39% |
Max Drawdown (10Y)Largest decline over 10 years | -39.02% | -16.95% | -22.07% |
Current DrawdownCurrent decline from peak | -6.13% | -2.54% | -3.59% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -2.47% | -10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.90% | +0.78% |
Volatility
MHELX vs. MHEIX - Volatility Comparison
MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 4.12% compared to MH Elite Income Fund of Funds (MHEIX) at 0.75%. This indicates that MHELX's price experiences larger fluctuations and is considered to be riskier than MHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHELX | MHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 0.75% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 2.97% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 6.25% | +13.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.04% | 5.58% | +15.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 5.23% | +15.72% |
MHELX vs. MHEIX - Expense Ratio Comparison
Both MHELX and MHEIX have an expense ratio of 1.25%.
Dividends
MHELX vs. MHEIX - Dividend Comparison
MHELX's dividend yield for the trailing twelve months is around 6.28%, more than MHEIX's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHEIX MH Elite Income Fund of Funds | 3.74% | 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 | 6.28% | 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 MHEIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHELX has higher volatility (4.12%) compared to MHEIX (0.75%). In terms of maximum drawdown, MHELX dropped -61.24% vs MHEIX's -16.95%.
MHELX currently has the higher Sharpe Ratio (1.34 vs 0.86), 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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