- ISIN
- US39137C7011
- Issuer
- Great-West
- Inception Date
- Jul 25, 1999
- Category
- Global Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MXGBX Performance Chart
Great-West Global Bond Fund (MXGBX) is down 1.6% since the beginning of the year. MXGBX is currently trading at $7 per share. Investors who bought $1,000 worth of MXGBX shares 5 years ago would now be looking at an investment worth $920.
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Returns By Period
Great-West Global Bond Fund (MXGBX) has returned -1.58% so far this year and 0.72% over the past 12 months. Over the last ten years, MXGBX has returned 0.05% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Great-West Global Bond Fund
- 1D
- -0.15%
- 1M
- 0.00%
- YTD
- -1.58%
- 6M
- -1.32%
- 1Y
- 0.72%
- 3Y*
- 2.81%
- 5Y*
- -1.66%
- 10Y*
- 0.05%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MXGBX Monthly Returns History
Based on dividend-adjusted daily data since Jul 28, 1999, MXGBX's average daily return is 0.00%, while the average monthly return is -0.03%.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +6.0%, while the worst month was Dec 2008 at -22.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.
On a daily basis, MXGBX closed higher 45% of trading days. The best single day was Oct 9, 2025 with a return of +5.7%, while the worst single day was Dec 15, 2008 at -25.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.72% | 1.14% | -3.80% | 1.17% | 0.14% | -0.87% | -1.58% | ||||||
| 2025 | 0.90% | 1.04% | 0.59% | 2.34% | -0.43% | 2.15% | -1.96% | 2.15% | 0.64% | -0.42% | 0.14% | 0.26% | 7.54% |
| 2024 | -1.30% | -0.88% | 0.74% | -2.79% | 1.81% | 0.15% | 3.40% | 2.00% | 1.54% | -3.45% | 0.29% | -2.15% | -0.88% |
| 2023 | 3.46% | -3.35% | 2.26% | 0.44% | -2.05% | -0.33% | 1.36% | -1.79% | -2.89% | -1.25% | 5.71% | 3.90% | 5.13% |
| 2022 | -1.52% | -1.68% | -2.62% | -5.25% | 0.28% | -4.50% | 2.39% | -2.92% | -6.15% | 0.16% | 5.95% | 0.76% | -14.65% |
| 2021 | -1.42% | -2.28% | -1.60% | 0.87% | 0.99% | -1.04% | 0.99% | -0.37% | -1.60% | -0.63% | -0.63% | -0.00% | -6.57% |
Benchmark Metrics
Great-West Global Bond Fund has an annualized alpha of -0.94%, beta of 0.07, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 28, 1999.
- This fund participated in 28.61% of S&P 500 Index downside but only 12.13% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.02 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 0.02 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
- -0.94%
- Beta
- 0.07
- R²
- 0.02
- Upside Capture
- 12.13%
- Downside Capture
- 28.61%
Expense Ratio
MXGBX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MXGBX ranks 3 for risk / return — in the bottom 3% 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 Global Bond Fund (MXGBX) and compare them to S&P 500 Index.
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.
| MXGBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.78 | -2.67 |
| Martin ratioReturn relative to average drawdown | 0.40 | 12.44 | -12.04 |
Dividends
Dividend History
Great-West Global Bond Fund provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.21 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.21 | $0.18 | $0.06 | $0.08 | $0.01 | $0.09 | $0.31 | $0.25 | $0.01 |
Dividend yield | 3.12% | 3.07% | 2.69% | 0.84% | 1.28% | 0.07% | 1.05% | 3.82% | 3.04% | 0.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Great-West Global Bond 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 | $0.03 | $0.00 | $0.00 | $0.19 | $0.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
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 Global Bond 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 Global Bond Fund was 45.02%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Great-West Global Bond Fund drawdown is 34.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -45.02%Oct 2022 | 14y 11mo | — | 18y 7moNov 2007 - now |
2005 correction2005 | -10.70%Dec 2005 | 2y 6mo | 11mo 16d | 3y 5moJun 2003 - Dec 2006 |
2007 pullback2007 | -6.08%Jan 2007 | 1mo 4d | 3mo 7d | 4mo 11dDec 2006 - Apr 2007 |
2007 pullback2007 | -5.77%Aug 2007 | 23d | 1mo 5d | 1mo 28dJul 2007 - Sep 2007 |
Dot-com crash2000–2002 | -5.76%Jul 2001 | 6mo 8d | 1y 1mo | 1y 7moDec 2000 - Aug 2002 |
Drawdown Indicators
| MXGBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -56.78% | +11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -9.10% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.25% | -18.90% | +11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -25.43% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -26.80% | -33.92% | +7.12% |
Current DrawdownCurrent decline from peak | -34.09% | -1.80% | -32.29% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -10.71% | -9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.03% | -0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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