Great-West Multi-Sector Bond Fund (MXLMX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MXLMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MXLMX
MXLMX charges 0.90% annually. There are 49 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | MXLMX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | MXLMX vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | MXLMX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | MXLMX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | MXLMX vs MOFIX |
Best Risk-Adjusted Alternatives to MXLMX
MXLMX has a PortfoliosLab risk / return rank of 55. There are 33 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | MXLMX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | MXLMX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | MXLMX vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | MXLMX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | MXLMX vs CBLDX |
Top Performing MXLMX Alternatives (YTD)
MXLMX is at 0.81% YTD. There are 49 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.36%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 3.36% | — | Jan 2011 | MXLMX vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.03% | — | May 2016 | MXLMX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.37% | — | Nov 2015 | MXLMX vs NWXHX | |
| Eaton Vance Strategic Income Fund Class I | 2.33% | — | Apr 2009 | MXLMX vs ESIIX | |
| Nationwide Strategic Income A | 2.22% | — | Nov 2015 | MXLMX vs NWXEX |
Lowest Volatility Alternatives to MXLMX
MXLMX has 2.85% 1-year volatility. There are 29 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.19% | — | Nov 2015 | MXLMX vs NWXHX | |
| Nationwide Strategic Income A | 1.22% | — | Nov 2015 | MXLMX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | MXLMX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.40% | — | Jan 2018 | MXLMX vs CBLDX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | MXLMX vs RFXIX |
Lowest Drawdown Alternatives to MXLMX
MXLMX has a 1-year max drawdown of -2.55%. There are 35 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | MXLMX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | MXLMX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | MXLMX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | MXLMX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | MXLMX vs BWDTX |
Other Mutual Funds from Great-West Funds
The 2 most viewed Great-West Funds mutual funds shown here include MXIHX, MXGMX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Great-West Inflation-Protected Securities Fund | Inflation-Protected Bonds | 24 | 0.33% | — | Jan 2018 | MXLMX vs MXIHX | |
| Great-West U.S. Government Securities Fund | Government Bonds | 15 | 0.09% | — | Nov 1992 | MXLMX vs MXGMX |
Often Compared With MXLMX
Investors most often compare MXLMX with BRW, CBRDX, ICMUX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Saba Capital Income & Opportunities Fund | Multisector Bonds | 2 | -0.25% | — | Dec 1987 | MXLMX vs BRW | |
| CrossingBridge Responsible Credit Fund | Multisector Bonds | 58 | 0.27% | — | Jun 2021 | MXLMX vs CBRDX | |
| Intrepid Income Fund | Multisector Bonds | 97 | 2.20% | — | Jul 2007 | MXLMX vs ICMUX | |
| Potomac Managed Volatility Fund | Multisector Bonds | 54 | 2.01% | — | Jun 2020 | MXLMX vs CRMVX | |
| Western Asset Diversified Income Fund | Multisector Bonds | 5 | 1.95% | — | Jun 2021 | MXLMX vs WDI | |
| Eaton Vance Strategic Income Fund Class I | Multisector Bonds | 89 | 2.19% | — | Jan 1998 | MXLMX vs ETSIX |
Compare MXLMX with Any Fund or Stock
Compare MXLMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MXLMX with funds that move differently
Great-West Multi-Sector Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MXLMX.
Explore MXLMX Diversifiers