- ISIN
- US39137C5031
- Issuer
- Great-West
- Inception Date
- May 21, 2003
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MXHYX Performance Chart
Great-West High Yield Bond Fund (MXHYX) is up 4.2% since the beginning of the year. MXHYX is currently trading at $8 per share. Investors who bought $1,000 worth of MXHYX shares 5 years ago would now be looking at an investment worth $1,202.
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Returns By Period
Great-West High Yield Bond Fund (MXHYX) has returned 4.20% so far this year and 7.58% over the past 12 months. Over the last ten years, MXHYX has returned 4.72% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Great-West High Yield Bond Fund
- 1D
- 0.96%
- 1M
- -0.82%
- 6M
- 2.80%
- YTD
- 4.20%
- 1Y
- 7.58%
- 3Y*
- 8.61%
- 5Y*
- 3.74%
- 10Y*
- 4.72%
- ALL TIME*
- 1.04%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MXHYX Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 2003, MXHYX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +10.9%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MXHYX closed higher 45% of trading days. The best single day was Mar 26, 2020 with a return of +3.2%, while the worst single day was Jun 23, 2008 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.36% | 0.37% | -1.58% | 3.70% | 1.66% | 0.35% | -1.63% | 4.20% | |||||
| 2025 | 1.80% | -0.63% | -1.14% | 0.64% | 1.92% | 2.13% | 0.74% | 1.10% | 1.09% | 0.72% | -0.12% | 0.42% | 8.95% |
| 2024 | -0.00% | 0.13% | 1.19% | -1.31% | 1.46% | 1.05% | 1.68% | 1.40% | 1.03% | 0.25% | 1.86% | -1.30% | 7.64% |
| 2023 | 3.63% | -1.75% | 1.23% | 0.54% | -0.94% | 2.01% | 1.23% | -0.27% | -1.65% | -1.67% | 4.66% | 3.86% | 11.14% |
| 2022 | -3.33% | -0.74% | -0.62% | -4.00% | 0.00% | -6.54% | 6.06% | -2.13% | -4.45% | 2.85% | 2.08% | -1.00% | -11.80% |
| 2021 | 0.24% | 1.07% | -0.83% | 1.43% | -0.23% | 1.41% | 0.24% | 0.71% | -0.55% | 0.35% | -1.53% | 1.33% | 3.65% |
Benchmark Metrics
Great-West High Yield Bond Fund has an annualized alpha of -0.39%, beta of 0.16, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since June 03, 2003.
- This fund participated in 56.15% of S&P 500 Index downside but only 32.19% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.18 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 0.18 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
- -0.39%
- Beta
- 0.16
- R²
- 0.18
- Upside Capture
- 32.19%
- Downside Capture
- 56.15%
Expense Ratio
MXHYX has a high expense ratio of 1.08%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MXHYX ranks 59 for risk / return — above 59% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Great-West High Yield Bond Fund (MXHYX) 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.
| MXHYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.00 | +0.45 |
| Martin ratioReturn relative to average drawdown | 8.92 | 8.49 | +0.43 |
Dividends
Dividend History
Great-West High Yield Bond Fund provided a 4.46% dividend yield over the last twelve months, with an annual payout of $0.38 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.33 | $0.41 | $0.25 | $0.26 | $0.31 | $0.42 | $0.59 | $0.27 |
Dividend yield | 4.46% | 4.65% | 4.19% | 5.45% | 3.46% | 3.14% | 3.66% | 5.37% | 8.16% | 3.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Great-West High Yield 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 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.36 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.17 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.14 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.26 |
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 High Yield 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 High Yield Bond Fund was 53.32%, occurring on Dec 16, 2008. Recovery took 3962 trading sessions.
The current Great-West High Yield Bond Fund drawdown is 1.97%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-53.32%Dec 2008 | 4y 2d | 15y 9mo | 19y 9moDec 2004 - Sep 2024 | Financial crisis2007–2009 |
-5.37%Jun 2004 | 6mo 14d | 4mo 1d | 10mo 15dDec 2003 - Oct 2004 | — |
-5.28%Apr 2025 | 1mo 19d | 1mo 4d | 2mo 23dFeb 2025 - May 2025 | 2025 selloff2025 |
-3.14%Mar 2026 | 1mo 2d | 9d | 1mo 11dFeb 2026 - Apr 2026 | — |
-2.90%Jul 2026 | 1mo 13d | — | 1mo 17dJun 2026 - now | — |
Drawdown Indicators
| MXHYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.32% | -56.78% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -9.10% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -18.90% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -25.43% | +9.20% |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | -33.92% | +12.64% |
Current DrawdownCurrent decline from peak | -1.97% | -1.58% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -16.38% | -10.70% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.14% | -1.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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