MHESX vs. TZINX

Last updated Aug 1, 2026

MHESX (MH Elite Select Portfolio of Funds Fund) and TZINX (Templeton Global Balanced Fund) are both Global Allocation funds. Over the past 10 years, MHESX returned 5.06%/yr vs 5.30%/yr for TZINX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MHESX charges 0.21%/yr vs 0.95%/yr for TZINX.

Performance

MHESX vs. TZINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MH Elite Select Portfolio of Funds Fund (MHESX) and Templeton Global Balanced Fund (TZINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MHESX achieves a 8.26% return, which is significantly lower than TZINX's 13.27% return. Both investments have delivered pretty close results over the past 10 years, with MHESX having a 5.06% annualized return and TZINX not far ahead at 5.30%.

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%

TZINX

• 1D: 0.31%
• 1M: 2.99%
• 6M: 7.96%
• YTD: 13.27%
• 1Y: 26.88%
• 3Y*: 14.13%
• 5Y*: 6.50%
• 10Y*: 5.30%
• ALL TIME*: 5.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MHESX MH Elite Select Portfolio of Funds Fund	$0.00	$0.00	$0.00
TZINX Templeton Global Balanced Fund	$0.00	$0.00	$0.00

MHESX vs. TZINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TZINX Templeton Global Balanced Fund	13.27%	27.85%	0.73%	14.45%	-14.31%	-1.44%	1.70%	7.58%	-9.18%	12.42%

Correlation

The correlation between MHESX and TZINX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.38
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006	0.75

Over the past year, the correlation between MHESX and TZINX has dropped to 0.40 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

MHESX vs. TZINX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MHESX

MHESX Risk / Return Rank: 68
MHESX Sharpe Ratio Rank: 71
MHESX Sortino Ratio Rank: 69
MHESX Omega Ratio Rank: 70
MHESX Calmar Ratio Rank: 65
MHESX Martin Ratio Rank: 65

TZINX

TZINX Risk / Return Rank: 89
TZINX Sharpe Ratio Rank: 93
TZINX Sortino Ratio Rank: 89
TZINX Omega Ratio Rank: 87
TZINX Calmar Ratio Rank: 86
TZINX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MHESX vs. TZINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MH Elite Select Portfolio of Funds Fund (MHESX) and Templeton Global Balanced Fund (TZINX). 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.

	MHESX	TZINX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.42	-0.73
Sortino ratio: Return per unit of downside risk	2.40	3.34	-0.94
Omega ratio: Gain probability vs. loss probability	1.32	1.45	-0.13
Calmar ratio: Return relative to maximum drawdown	2.22	3.04	-0.82
Martin ratio: Return relative to average drawdown	8.34	11.54	-3.20

MHESX vs. TZINX - Sharpe Ratio Comparison

The current MHESX Sharpe Ratio is 1.69, which is lower than the TZINX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of MHESX and TZINX, 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

MHESX vs. TZINX - Drawdown Comparison

The maximum MHESX drawdown since its inception was -46.01%, which is greater than TZINX's maximum drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for MHESX and TZINX.

Drawdown Indicators

	MHESX	TZINX	Difference
Max Drawdown Largest peak-to-trough decline	-46.01%	-36.06%	-9.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-8.42%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-9.73%	-9.74%
Max Drawdown (5Y) Largest decline over 5 years	-36.05%	-27.83%	-8.22%
Max Drawdown (10Y) Largest decline over 10 years	-36.05%	-29.60%	-6.45%
Current Drawdown Current decline from peak	-1.67%	0.00%	-1.67%
Average Drawdown Average peak-to-trough decline	-11.60%	-7.43%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.21%	+0.10%

Volatility

MHESX vs. TZINX - Volatility Comparison

The current volatility for MH Elite Select Portfolio of Funds Fund (MHESX) is 2.63%, while Templeton Global Balanced Fund (TZINX) has a volatility of 2.82%. This indicates that MHESX experiences smaller price fluctuations and is considered to be less risky than TZINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MHESX	TZINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.82%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	8.80%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	10.61%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	11.92%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	11.07%	+3.68%

MHESX vs. TZINX - Expense Ratio Comparison

MHESX has a 0.21% expense ratio, which is lower than TZINX's 0.95% expense ratio.

Dividends

MHESX vs. TZINX - Dividend Comparison

MHESX has not paid dividends to shareholders, while TZINX's dividend yield for the trailing twelve months is around 5.08%.

Position	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%
TZINX Templeton Global Balanced Fund	5.08%	4.00%	5.43%	3.68%	3.47%	2.24%	2.12%	4.43%	4.55%	2.82%	1.12%	7.19%

Frequently Asked Questions

Can I hold both MHESX and TZINX in my portfolio?

MHESX and TZINX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MHESX or TZINX?

TZINX has higher volatility (2.82%) compared to MHESX (2.63%). In terms of maximum drawdown, MHESX dropped -46.01% vs TZINX's -36.06%.

Which has better risk-adjusted returns?

TZINX currently has the higher Sharpe Ratio (2.42 vs 1.69), 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.