PIALX vs. MHEIX
PIALX (Pioneer Solutions - Balanced Fund) and MHEIX (MH Elite Income Fund of Funds) are both Global Allocation funds. Over the past 10 years, PIALX returned 7.97%/yr vs 3.18%/yr for MHEIX. A 0.52 correlation means they provide meaningful diversification when combined. PIALX charges 0.44%/yr vs 1.25%/yr for MHEIX.
Performance
PIALX vs. MHEIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIALX achieves a 7.13% return, which is significantly higher than MHEIX's 2.09% return. Over the past 10 years, PIALX has outperformed MHEIX with an annualized return of 7.97%, while MHEIX has yielded a comparatively lower 3.18% annualized return.
PIALX
- 1D
- 0.21%
- 1M
- 0.71%
- YTD
- 7.13%
- 6M
- 7.28%
- 1Y
- 19.74%
- 3Y*
- 14.76%
- 5Y*
- 8.48%
- 10Y*
- 7.97%
MHEIX
- 1D
- -0.37%
- 1M
- 0.37%
- YTD
- 2.09%
- 6M
- 2.65%
- 1Y
- 7.98%
- 3Y*
- 5.94%
- 5Y*
- 2.17%
- 10Y*
- 3.18%
PIALX vs. MHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIALX Pioneer Solutions - Balanced Fund | 7.13% | 23.78% | 8.23% | 11.73% | -8.89% | 12.66% | 9.75% | 15.45% | -10.08% | 12.88% |
MHEIX MH Elite Income Fund of Funds | 2.09% | 4.76% | 5.98% | 7.55% | -9.83% | 2.44% | 5.27% | 11.10% | -3.24% | 5.40% |
Correlation
The correlation between PIALX and MHEIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.52 |
Over the past year, the correlation between PIALX and MHEIX has dropped to 0.17 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIALX vs. MHEIX — Risk / Return Rank
PIALX
MHEIX
PIALX vs. MHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Solutions - Balanced Fund (PIALX) and MH Elite Income Fund of Funds (MHEIX). 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.
| PIALX | MHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.39 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 1.77 | +1.78 |
| Martin ratioReturn relative to average drawdown | 13.66 | 4.49 | +9.17 |
Loading charts...
Drawdowns
PIALX vs. MHEIX - Drawdown Comparison
The maximum PIALX drawdown since its inception was -43.04%, which is greater than MHEIX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for PIALX and MHEIX.
Loading charts...
Drawdown Indicators
| PIALX | MHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -16.95% | -26.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -4.54% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.85% | -6.57% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -13.62% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -26.28% | -16.95% | -9.33% |
Current DrawdownCurrent decline from peak | -0.56% | -1.81% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -2.47% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.78% | -0.34% |
Volatility
PIALX vs. MHEIX - Volatility Comparison
Pioneer Solutions - Balanced Fund (PIALX) has a higher volatility of 2.54% compared to MH Elite Income Fund of Funds (MHEIX) at 1.25%. This indicates that PIALX's price experiences larger fluctuations and is considered to be riskier than MHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIALX | MHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.25% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 5.93% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 6.26% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.78% | 5.58% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 5.24% | +4.33% |
PIALX vs. MHEIX - Expense Ratio Comparison
PIALX has a 0.44% expense ratio, which is lower than MHEIX's 1.25% expense ratio.
Dividends
PIALX vs. MHEIX - Dividend Comparison
PIALX's dividend yield for the trailing twelve months is around 5.36%, more than MHEIX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHEIX MH Elite Income Fund of Funds | 3.71% | 0.00% | 3.33% | 2.38% | 3.17% | 1.49% | 2.30% | 2.21% | 2.10% | 1.69% | 2.48% | 2.87% |
PIALX Pioneer Solutions - Balanced Fund | 5.36% | 5.74% | 5.07% | 3.97% | 14.16% | 6.30% | 2.79% | 6.44% | 5.91% | 1.81% | 2.18% | 10.28% |
Frequently Asked Questions
PIALX and MHEIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIALX has higher volatility (2.54%) compared to MHEIX (1.25%). In terms of maximum drawdown, PIALX dropped -43.04% vs MHEIX's -16.95%.
PIALX currently has the higher Sharpe Ratio (2.74 vs 1.28), 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.
Find the right allocation for PIALX and MHEIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer