MHELX vs. PALDX
MHELX (MH Elite Small Cap Fund of Funds Fund) and PALDX (PGIM 60/40 Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, MHELX returned 4.53%/yr vs 8.53%/yr for PALDX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. MHELX charges 1.25%/yr vs 0.03%/yr for PALDX.
Performance
MHELX vs. PALDX - 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 PALDX's 6.54% 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%
PALDX
- 1D
- 1.22%
- 1M
- -0.33%
- 6M
- 4.97%
- YTD
- 6.54%
- 1Y
- 15.23%
- 3Y*
- 14.79%
- 5Y*
- 8.53%
- 10Y*
- —
- ALL TIME*
- 9.89%
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. PALDX - 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% | 7.50% |
PALDX PGIM 60/40 Allocation Fund | 6.54% | 13.62% | 18.96% | 18.90% | -15.65% | 16.30% | 10.68% | 22.27% | -4.12% | 5.95% |
Correlation
The correlation between MHELX and PALDX is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.59 |
Over the past year, the correlation between MHELX and PALDX has dropped to 0.03 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
MHELX vs. PALDX — Risk / Return Rank
MHELX
PALDX
MHELX vs. PALDX - 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 PGIM 60/40 Allocation Fund (PALDX). 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 | PALDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.42 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.86 | 10.80 | -0.94 |
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Drawdowns
MHELX vs. PALDX - Drawdown Comparison
The maximum MHELX drawdown since its inception was -61.24%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for MHELX and PALDX.
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Drawdown Indicators
| MHELX | PALDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.24% | -26.16% | -35.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -5.96% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -16.06% | -14.75% |
Max Drawdown (5Y)Largest decline over 5 years | -32.01% | -20.47% | -11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.02% | — | — |
Current DrawdownCurrent decline from peak | -6.13% | -1.25% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -4.03% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.34% | +1.34% |
Volatility
MHELX vs. PALDX - Volatility Comparison
MH Elite Small Cap Fund of Funds Fund (MHELX) has a higher volatility of 4.12% compared to PGIM 60/40 Allocation Fund (PALDX) at 2.39%. This indicates that MHELX's price experiences larger fluctuations and is considered to be riskier than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHELX | PALDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.39% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 6.95% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 8.59% | +11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.04% | 12.20% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 12.65% | +8.30% |
MHELX vs. PALDX - Expense Ratio Comparison
MHELX has a 1.25% expense ratio, which is higher than PALDX's 0.03% expense ratio.
Dividends
MHELX vs. PALDX - Dividend Comparison
MHELX's dividend yield for the trailing twelve months is around 6.28%, more than PALDX's 5.09% yield.
| 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% |
PALDX PGIM 60/40 Allocation Fund | 5.09% | 5.42% | 10.40% | 2.94% | 6.19% | 6.87% | 2.58% | 4.58% | 3.65% | 1.48% | 0.00% | 0.00% |
Frequently Asked Questions
MHELX and PALDX have a correlation of 0.03, 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 PALDX (2.39%). In terms of maximum drawdown, MHELX dropped -61.24% vs PALDX's -26.16%.
PALDX currently has the higher Sharpe Ratio (1.68 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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