OAKBX vs. MHELX
OAKBX (Oakmark Equity and Income Fund) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. Over the past 10 years, OAKBX returned 9.24%/yr vs 9.58%/yr for MHELX. A 0.76 correlation means they provide meaningful diversification when combined. OAKBX charges 0.83%/yr vs 1.25%/yr for MHELX.
Performance
OAKBX vs. MHELX - Performance Comparison
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Returns By Period
In the year-to-date period, OAKBX achieves a -0.49% return, which is significantly lower than MHELX's 20.86% return. Both investments have delivered pretty close results over the past 10 years, with OAKBX having a 9.24% annualized return and MHELX not far ahead at 9.58%.
OAKBX
- 1D
- -0.23%
- 1M
- -0.62%
- YTD
- -0.49%
- 6M
- -0.97%
- 1Y
- 6.88%
- 3Y*
- 9.91%
- 5Y*
- 6.27%
- 10Y*
- 9.24%
MHELX
- 1D
- 0.50%
- 1M
- 4.53%
- YTD
- 20.86%
- 6M
- 19.40%
- 1Y
- 37.71%
- 3Y*
- 16.10%
- 5Y*
- 5.13%
- 10Y*
- 9.58%
OAKBX vs. MHELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OAKBX Oakmark Equity and Income Fund | -0.49% | 11.05% | 8.73% | 17.39% | -12.94% | 29.12% | 8.68% | 19.39% | -8.38% | 14.43% |
MHELX MH Elite Small Cap Fund of Funds Fund | 20.86% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
Correlation
The correlation between OAKBX and MHELX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 1998 | 0.76 |
Over the past year, the correlation between OAKBX and MHELX has dropped to 0.05 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
OAKBX vs. MHELX — Risk / Return Rank
OAKBX
MHELX
OAKBX vs. MHELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Equity and Income Fund (OAKBX) and MH Elite Small Cap Fund of Funds Fund (MHELX). 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.
| OAKBX | MHELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 4.80 | -3.70 |
| Martin ratioReturn relative to average drawdown | 3.55 | 16.13 | -12.58 |
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Drawdowns
OAKBX vs. MHELX - Drawdown Comparison
The maximum OAKBX drawdown since its inception was -31.31%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for OAKBX and MHELX.
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Drawdown Indicators
| OAKBX | MHELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -61.24% | +29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -8.52% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -10.91% | -30.81% | +19.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -32.01% | +11.60% |
Max Drawdown (10Y)Largest decline over 10 years | -30.19% | -39.02% | +8.83% |
Current DrawdownCurrent decline from peak | -2.46% | 0.00% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -12.91% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.53% | -0.39% |
Volatility
OAKBX vs. MHELX - Volatility Comparison
The current volatility for Oakmark Equity and Income Fund (OAKBX) is 2.62%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 5.62%. This indicates that OAKBX experiences smaller price fluctuations and is considered to be less risky than MHELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OAKBX | MHELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 5.62% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 15.78% | -9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 19.69% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.13% | 21.09% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 20.98% | -7.98% |
OAKBX vs. MHELX - Expense Ratio Comparison
OAKBX has a 0.83% expense ratio, which is lower than MHELX's 1.25% expense ratio.
Dividends
OAKBX vs. MHELX - Dividend Comparison
OAKBX's dividend yield for the trailing twelve months is around 2.22%, less than MHELX's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHELX MH Elite Small Cap Fund of Funds Fund | 5.97% | 0.00% | 2.19% | 0.00% | 14.45% | 5.03% | 2.70% | 6.13% | 0.00% | 5.17% | 5.51% | 6.93% |
OAKBX Oakmark Equity and Income Fund | 2.22% | 2.16% | 2.05% | 2.28% | 1.44% | 14.26% | 4.17% | 9.07% | 10.05% | 8.09% | 4.13% | 6.53% |
Frequently Asked Questions
OAKBX and MHELX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHELX has higher volatility (5.62%) compared to OAKBX (2.62%). In terms of maximum drawdown, OAKBX dropped -31.31% vs MHELX's -61.24%.
MHELX currently has the higher Sharpe Ratio (2.08 vs 0.87), 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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