RBAIX vs. MHELX
RBAIX (T. Rowe Price Balanced Fund I Class) and MHELX (MH Elite Small Cap Fund of Funds Fund) are both Diversified Portfolio funds. Over the past 10 years, RBAIX returned 9.92%/yr vs 9.53%/yr for MHELX. A 0.63 correlation means they provide meaningful diversification when combined. RBAIX charges 0.47%/yr vs 1.25%/yr for MHELX.
Performance
RBAIX vs. MHELX - Performance Comparison
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Returns By Period
In the year-to-date period, RBAIX achieves a 6.25% return, which is significantly lower than MHELX's 20.27% return. Both investments have delivered pretty close results over the past 10 years, with RBAIX having a 9.92% annualized return and MHELX not far behind at 9.53%.
RBAIX
- 1D
- -0.27%
- 1M
- 0.33%
- YTD
- 6.25%
- 6M
- 5.80%
- 1Y
- 16.88%
- 3Y*
- 14.25%
- 5Y*
- 7.23%
- 10Y*
- 9.92%
MHELX
- 1D
- 1.30%
- 1M
- 4.02%
- YTD
- 20.27%
- 6M
- 19.08%
- 1Y
- 40.05%
- 3Y*
- 15.91%
- 5Y*
- 5.29%
- 10Y*
- 9.53%
RBAIX vs. MHELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBAIX T. Rowe Price Balanced Fund I Class | 6.25% | 16.23% | 11.87% | 18.12% | -17.14% | 13.45% | 14.64% | 22.71% | -4.82% | 17.68% |
MHELX MH Elite Small Cap Fund of Funds Fund | 20.27% | 3.45% | 12.51% | 16.30% | -20.27% | 14.07% | 20.57% | 22.49% | -12.76% | 12.42% |
Correlation
The correlation between RBAIX and MHELX is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.63 |
Over the past year, the correlation between RBAIX and MHELX has dropped to 0.04 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
RBAIX vs. MHELX — Risk / Return Rank
RBAIX
MHELX
RBAIX vs. MHELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Balanced Fund I Class (RBAIX) 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.
| RBAIX | MHELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 4.70 | -2.22 |
| Martin ratioReturn relative to average drawdown | 10.92 | 15.78 | -4.86 |
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Drawdowns
RBAIX vs. MHELX - Drawdown Comparison
The maximum RBAIX drawdown since its inception was -25.49%, smaller than the maximum MHELX drawdown of -61.24%. Use the drawdown chart below to compare losses from any high point for RBAIX and MHELX.
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Drawdown Indicators
| RBAIX | MHELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.49% | -61.24% | +35.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -8.52% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.40% | -30.81% | +20.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -32.01% | +8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -25.49% | -39.02% | +13.53% |
Current DrawdownCurrent decline from peak | -0.63% | -0.20% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -12.91% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.53% | -0.92% |
Volatility
RBAIX vs. MHELX - Volatility Comparison
The current volatility for T. Rowe Price Balanced Fund I Class (RBAIX) is 3.25%, while MH Elite Small Cap Fund of Funds Fund (MHELX) has a volatility of 5.83%. This indicates that RBAIX 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
| RBAIX | MHELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.83% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 15.78% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 19.73% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 21.09% | -10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.58% | 21.02% | -9.44% |
RBAIX vs. MHELX - Expense Ratio Comparison
RBAIX has a 0.47% expense ratio, which is lower than MHELX's 1.25% expense ratio.
Dividends
RBAIX vs. MHELX - Dividend Comparison
RBAIX's dividend yield for the trailing twelve months is around 7.10%, more than MHELX's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHELX MH Elite Small Cap Fund of Funds Fund | 6.00% | 0.00% | 2.19% | 0.00% | 14.45% | 5.03% | 2.70% | 6.13% | 0.00% | 5.17% | 5.51% | 6.93% |
RBAIX T. Rowe Price Balanced Fund I Class | 7.10% | 7.44% | 7.43% | 3.92% | 5.27% | 9.43% | 4.70% | 4.97% | 8.56% | 6.16% | 3.55% | 0.00% |
Frequently Asked Questions
RBAIX and MHELX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MHELX has higher volatility (5.83%) compared to RBAIX (3.25%). In terms of maximum drawdown, RBAIX dropped -25.49% vs MHELX's -61.24%.
MHELX currently has the higher Sharpe Ratio (2.03 vs 2.02), 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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