MHELX vs. MHEIX

Last updated Jun 23, 2026

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 9.09%/yr vs 3.18%/yr for MHEIX. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 1.25% expense ratio.

Performance

MHELX vs. MHEIX - 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 MH Elite Income Fund of Funds (MHEIX). 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 MHEIX's 2.09% return. Over the past 10 years, MHELX has outperformed MHEIX with an annualized return of 9.09%, while MHEIX has yielded a comparatively lower 3.18% 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%

MHEIX

• 1D: -0.37%
• 1M: 0.37%
• YTD: 2.09%
• 6M: 2.65%
• 1Y: 7.98%
• 3Y*: 5.94%
• 5Y*: 2.17%
• 10Y*: 3.18%

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

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	18.72%	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	2.09%	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 0.68, 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 MHELX and MHEIX shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MHELX vs. MHEIX — 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

MHEIX

MHEIX Risk / Return Rank: 30
MHEIX Sharpe Ratio Rank: 23
MHEIX Sortino Ratio Rank: 23
MHEIX Omega Ratio Rank: 61
MHEIX Calmar Ratio Rank: 26
MHEIX Martin Ratio Rank: 19

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. 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 ratio: Return per unit of total volatility	1.96	1.28	+0.68
Sortino ratio: Return per unit of downside risk	2.79	1.86	+0.92
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	4.53	1.77	+2.77
Martin ratio: Return relative to average drawdown	15.21	4.49	+10.72

MHELX vs. MHEIX - Sharpe Ratio Comparison

The current MHELX Sharpe Ratio is 1.96, which is higher than the MHEIX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of MHELX and MHEIX, 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. 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.

Drawdown Indicators

	MHELX	MHEIX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.48%	-1.81%	+0.33%
Average Drawdown Average peak-to-trough decline	-12.91%	-2.47%	-10.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	1.78%	+0.75%

Volatility

MHELX vs. MHEIX - Volatility Comparison

MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 5.83% compared to MH Elite Income Fund of Funds (MHEIX) at 1.25%. 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.

Volatility by Period

	MHELX	MHEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	1.25%	+4.58%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	5.93%	+9.83%
Volatility (1Y) Calculated over the trailing 1-year period	19.68%	6.26%	+13.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	5.58%	+15.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	5.24%	+15.77%

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 6.08%, more than MHEIX's 3.71% 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	6.08%	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 MHEIX in my portfolio?

MHELX and MHEIX 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.

Which is riskier, MHELX or MHEIX?

MHELX has higher volatility (5.83%) compared to MHEIX (1.25%). In terms of maximum drawdown, MHELX dropped -61.24% vs MHEIX's -16.95%.

Which has better risk-adjusted returns?

MHELX currently has the higher Sharpe Ratio (1.96 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.