MHESX vs. GMWAX
Compare and contrast key facts about MH Elite Select Portfolio of Funds Fund (MHESX) and GMO Global Asset Allocation Fund (GMWAX).
MHESX is managed by MH Elite. It was launched on Apr 5, 2006. GMWAX is managed by GMO. It was launched on Oct 21, 1996.
Performance
MHESX vs. GMWAX - Performance Comparison
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MHESX vs. GMWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHESX MH Elite Select Portfolio of Funds Fund | -1.22% | 17.63% | 0.77% | 12.54% | -26.14% | 6.62% | 20.24% | 20.22% | -17.04% | 21.72% |
GMWAX GMO Global Asset Allocation Fund | 1.62% | 23.40% | 0.23% | 16.17% | -12.71% | 7.03% | 6.15% | 17.70% | -7.21% | 15.73% |
Returns By Period
In the year-to-date period, MHESX achieves a -1.22% return, which is significantly lower than GMWAX's 1.62% return. Over the past 10 years, MHESX has underperformed GMWAX with an annualized return of 4.62%, while GMWAX has yielded a comparatively higher 6.66% annualized return.
MHESX
- 1D
- -0.77%
- 1M
- -8.50%
- YTD
- -1.22%
- 6M
- 2.87%
- 1Y
- 19.85%
- 3Y*
- 7.84%
- 5Y*
- 0.60%
- 10Y*
- 4.62%
GMWAX
- 1D
- 0.10%
- 1M
- -6.59%
- YTD
- 1.62%
- 6M
- 7.26%
- 1Y
- 21.34%
- 3Y*
- 11.75%
- 5Y*
- 5.45%
- 10Y*
- 6.66%
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MHESX vs. GMWAX - Expense Ratio Comparison
MHESX has a 0.21% expense ratio, which is higher than GMWAX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MHESX vs. GMWAX — Risk / Return Rank
MHESX
GMWAX
MHESX vs. GMWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MH Elite Select Portfolio of Funds Fund (MHESX) and GMO Global Asset Allocation Fund (GMWAX). 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.
| MHESX | GMWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 2.05 | -0.86 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.77 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.54 | -1.12 |
Martin ratioReturn relative to average drawdown | 6.57 | 10.61 | -4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MHESX | GMWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.05 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.55 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.65 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.29 | -0.11 |
Correlation
The correlation between MHESX and GMWAX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MHESX vs. GMWAX - Dividend Comparison
MHESX has not paid dividends to shareholders, while GMWAX's dividend yield for the trailing twelve months is around 4.80%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GMWAX GMO Global Asset Allocation Fund | 4.80% | 4.88% | 0.14% | 5.47% | 3.78% | 6.16% | 4.00% | 4.00% | 3.77% | 2.50% | 2.25% | 3.13% |
Drawdowns
MHESX vs. GMWAX - Drawdown Comparison
The maximum MHESX drawdown since its inception was -46.01%, which is greater than GMWAX's maximum drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for MHESX and GMWAX.
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Drawdown Indicators
| MHESX | GMWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.01% | -41.69% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -8.00% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -36.05% | -22.47% | -13.58% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -25.12% | -10.93% |
Current DrawdownCurrent decline from peak | -8.50% | -6.65% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -11.76% | -11.29% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.91% | +0.78% |
Volatility
MHESX vs. GMWAX - Volatility Comparison
MH Elite Select Portfolio of Funds Fund (MHESX) has a higher volatility of 4.37% compared to GMO Global Asset Allocation Fund (GMWAX) at 3.79%. This indicates that MHESX's price experiences larger fluctuations and is considered to be riskier than GMWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MHESX | GMWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 3.79% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 6.51% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 10.42% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 9.93% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 10.28% | +4.50% |