- ISIN
- US39137C2061
- Issuer
- Great-West
- Inception Date
- Dec 1, 1992
- Category
- Intermediate Core Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MXBIX Performance Chart
Great-West Bond Index Fund (MXBIX) is up 0.2% since the beginning of the year. MXBIX is currently trading at $13 per share. Investors who bought $1,000 worth of MXBIX shares 5 years ago would now be looking at an investment worth $976.
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Returns By Period
Great-West Bond Index Fund (MXBIX) has returned 0.15% so far this year and 4.29% over the past 12 months.
Great-West Bond Index Fund
- 1D
- 0.08%
- 1M
- -0.31%
- YTD
- 0.15%
- 6M
- 0.31%
- 1Y
- 4.29%
- 3Y*
- 3.46%
- 5Y*
- -0.48%
- 10Y*
- 0.95%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXBIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 30, 1992, MXBIX's average daily return is 0.00%, while the average monthly return is +0.05%. At this rate, an investment would double in approximately 115.6 years.
Historically, 49% of months were positive and 51% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -4.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MXBIX closed higher 36% of trading days. The best single day was Nov 29, 1993 with a return of +6.4%, while the worst single day was Nov 26, 1993 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.23% | 1.61% | -1.89% | 0.15% | 0.23% | -0.15% | 0.15% | ||||||
| 2025 | 0.72% | 1.34% | 0.55% | 0.47% | -1.00% | 1.64% | -0.23% | 1.08% | 1.07% | 0.60% | 0.60% | -0.37% | 6.62% |
| 2024 | -0.71% | -1.03% | 0.80% | -2.45% | 1.62% | 0.96% | 2.29% | 1.39% | 1.30% | -2.48% | 0.93% | -1.65% | 0.82% |
| 2023 | 3.15% | -2.66% | 2.50% | 0.63% | -1.17% | -0.38% | -0.16% | -0.64% | -2.64% | -1.59% | 4.50% | 3.70% | 5.02% |
| 2022 | -2.13% | -1.12% | -2.99% | -3.74% | 0.53% | -1.58% | 2.47% | -2.94% | -4.39% | -1.31% | 3.65% | -0.75% | -13.69% |
| 2021 | -0.66% | -1.53% | -1.33% | 0.76% | 0.14% | 0.71% | 1.15% | -0.27% | -0.99% | -0.14% | 0.20% | -0.36% | -2.33% |
Benchmark Metrics
Great-West Bond Index Fund has an annualized alpha of 2.06%, beta of 0.09, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since December 31, 1992.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.14%) than losses (12.22%) - typical of diversified or defensive assets.
- Beta of 0.09 may look defensive, but with R2 of 0.08 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.08 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.06%
- Beta
- 0.09
- R²
- 0.08
- Upside Capture
- 13.14%
- Downside Capture
- 12.22%
Expense Ratio
MXBIX has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MXBIX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Great-West Bond Index Fund (MXBIX) and compare them to S&P 500 Index.
| MXBIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | — | — |
| Martin ratioReturn relative to average drawdown | 4.44 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Great-West Bond Index Fund provided a 2.77% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.30 | $0.25 | $0.16 | $0.22 | $0.43 | $0.15 | $0.18 | $0.10 |
Dividend yield | 2.77% | 2.78% | 2.42% | 1.98% | 1.32% | 1.51% | 2.83% | 1.06% | 1.33% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Great-West Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.35 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Great-West Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Great-West Bond Index Fund was 19.74%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Great-West Bond Index Fund drawdown is 5.41%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -19.74%Oct 2022 | 2y 2mo | — | 5y 10moAug 2020 - now |
2006 correction2006 | -14.13%Jun 2006 | 3y 13d | 5y 11mo | 8y 11moJun 2003 - Jun 2012 |
1994 correction1994 | -12.41%Dec 1994 | 1y 2mo | 7y 8mo | 8y 10moOct 1993 - Sep 2002 |
2013 pullback2013 | -6.84%Sep 2013 | 9mo 2d | 5y 6mo | 6y 3moDec 2012 - Mar 2019 |
Dot-com crash2000–2002 | -6.59%Nov 2002 | 1mo 25d | 3mo 9d | 5mo 4dSep 2002 - Feb 2003 |
Drawdown Indicators
| MXBIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -9.10% | -10.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.74% | — | — |
Current DrawdownCurrent decline from peak | -5.41% | -2.97% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -1.13% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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