PMEFX vs. MHELX
PMEFX (Penn Mutual AM 1847 Income Fund) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 4.90%/yr for MHELX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 1.25%/yr for MHELX.
Performance
PMEFX vs. MHELX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
MHELX
- 1D
- -0.61%
- 1M
- -3.63%
- 6M
- 9.84%
- YTD
- 16.93%
- 1Y
- 28.51%
- 3Y*
- 11.96%
- 5Y*
- 4.90%
- 10Y*
- 8.51%
- ALL TIME*
- 7.08%
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 |
PMEFX vs. MHELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
MHELX MH Elite Small Cap Fund of Funds Fund | 16.93% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 25.39% |
Correlation
The correlation between PMEFX and MHELX is -0.10, 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. | -0.10 |
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 Jul 31, 2020 | 0.52 |
The correlation between PMEFX and MHELX shifts across timeframes, from -0.10 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PMEFX vs. MHELX — Risk / Return Rank
PMEFX
MHELX
PMEFX vs. MHELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) 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.
| PMEFX | MHELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.28 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.34 | -4.01 |
| Martin ratioReturn relative to average drawdown | -0.83 | 10.72 | -11.56 |
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Drawdowns
PMEFX vs. MHELX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for PMEFX and MHELX.
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Drawdown Indicators
| PMEFX | MHELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -61.24% | +47.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -8.52% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -30.81% | +20.77% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -32.01% | +19.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.02% | — |
Current DrawdownCurrent decline from peak | -7.19% | -4.47% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -12.87% | +9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 2.65% | +2.65% |
Volatility
PMEFX vs. MHELX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 3.93%. This indicates that PMEFX 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
| PMEFX | MHELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.93% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 12.71% | -12.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 19.60% | -12.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 21.03% | -13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 20.95% | -13.34% |
PMEFX vs. MHELX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is lower than MHELX's 1.25% expense ratio.
Dividends
PMEFX vs. MHELX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, less than MHELX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHELX MH Elite Small Cap Fund of Funds Fund | 6.17% | 0.00% | 2.19% | 0.00% | 14.45% | 5.03% | 2.70% | 6.13% | 0.00% | 5.17% | 5.51% | 6.93% |
PMEFX Penn Mutual AM 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMEFX and MHELX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHELX has higher volatility (3.93%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs MHELX's -61.24%.
MHELX currently has the higher Sharpe Ratio (1.45 vs -0.64), 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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