MHELX vs. MHESX
MHELX (MH Elite Small Cap Fund of Funds Fund) and MHESX (MH Elite Select Portfolio of Funds Fund) are both mutual funds - MHELX is a Diversified Portfolio fund managed by MH Elite, while MHESX is a Global Allocation fund managed by MH Elite. Over the past 10 years, MHELX returned 8.35%/yr vs 5.06%/yr for MHESX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MHELX charges 1.25%/yr vs 0.21%/yr for MHESX.
Performance
MHELX vs. MHESX - 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 MHESX's 8.26% return. Over the past 10 years, MHELX has outperformed MHESX with an annualized return of 8.35%, while MHESX has yielded a comparatively lower 5.06% 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%
MHESX
- 1D
- -0.42%
- 1M
- 0.00%
- 6M
- 5.20%
- YTD
- 8.26%
- 1Y
- 20.41%
- 3Y*
- 8.99%
- 5Y*
- 1.24%
- 10Y*
- 5.06%
- ALL TIME*
- 3.16%
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. MHESX - 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% |
MHESX MH Elite Select Portfolio of Funds Fund | 8.26% | 17.63% | 0.77% | 12.54% | -26.14% | 6.62% | 20.24% | 20.22% | -17.04% | 21.72% |
Correlation
The correlation between MHELX and MHESX is 0.50, 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. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006 | 0.75 |
Over the past year, the correlation between MHELX and MHESX has dropped to 0.50 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
MHELX vs. MHESX — Risk / Return Rank
MHELX
MHESX
MHELX vs. MHESX - 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 Select Portfolio of Funds Fund (MHESX). 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 | MHESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.22 | +0.88 |
| Martin ratioReturn relative to average drawdown | 9.86 | 8.34 | +1.52 |
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Drawdowns
MHELX vs. MHESX - Drawdown Comparison
The maximum MHELX drawdown since its inception was -61.24%, which is greater than MHESX's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for MHELX and MHESX.
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Drawdown Indicators
| MHELX | MHESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.24% | -46.01% | -15.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -8.64% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -19.47% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -36.05% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.02% | -36.05% | -2.97% |
Current DrawdownCurrent decline from peak | -6.13% | -1.67% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -11.60% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.31% | +0.37% |
Volatility
MHELX vs. MHESX - Volatility Comparison
MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 4.12% compared to MH Elite Select Portfolio of Funds Fund (MHESX) at 2.63%. This indicates that MHELX's price experiences larger fluctuations and is considered to be riskier than MHESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHELX | MHESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.63% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 9.25% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 11.37% | +8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.04% | 15.23% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 14.75% | +6.20% |
MHELX vs. MHESX - Expense Ratio Comparison
MHELX has a 1.25% expense ratio, which is higher than MHESX's 0.21% expense ratio.
Dividends
MHELX vs. MHESX - Dividend Comparison
MHELX's dividend yield for the trailing twelve months is around 6.28%, while MHESX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MHESX MH Elite Select Portfolio of Funds Fund | 0.00% | 0.00% | 0.94% | 0.20% | 6.43% | 4.56% | 4.72% | 1.74% | 0.75% | 2.41% | 3.16% | 2.85% |
Frequently Asked Questions
MHELX and MHESX have a correlation of 0.50, 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 MHESX (2.63%). In terms of maximum drawdown, MHELX dropped -61.24% vs MHESX's -46.01%.
MHESX currently has the higher Sharpe Ratio (1.69 vs 1.34), 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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