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Great-West S&P Mid Cap 400 Index Fund (MXMDX) Sharpe Ratio: 1.71

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks of the companies included in the benchmark index. The fund uses the replication method of indexing, meaning it seeks to own the securities contained in the benchmark index in as close as possible a proportion of the fund as each stock’s weight in the benchmark index.

MXMDX's Sharpe Ratio of 1.71 indicates that for each unit of volatility, it generates 1.71 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

MXMDX Sharpe Ratio Rank

MXMDX Sharpe Ratio Rank: 35.636
Below Average

MXMDX ranks above 35.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

MXMDX Sharpe Ratio Market Positioning

The chart shows MXMDX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.37 or lower
  • Yellow zone (middle 50%): 1.37 to 2.45
  • Green zone (top 25%): 2.45 or higher
  • Top 1%: 4.60+
  • Median: 2.01 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Great-West S&P Mid Cap 400 Index Fund's Sharpe Ratio with other mutual funds in the Mid Cap Blend Equities category across multiple time periods, showing how MXMDX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PFSLXParadigm Select Fund3.28
GENIXGotham Enhanced Return Fund2.59
BIGTXThe Texas Fund2.55
DSMFXDestinations Small-Mid Cap Equity Fund2.38
HDPMXHodges Fund2.38
FZFLXFidelity SAI Small-Mid Cap 500 Index Fund2.37
VNVYXNatixis Funds Trust II Vaughan Nelson Mid Cap Fund2.32
VSEQXVanguard Strategic Equity Fund2.28
FTHMXFullerThaler Behavioral Mid-Cap Equity Fund Institutional Shares2.27
THPMXThompson MidCap Fund2.26
MXMDXGreat-West S&P Mid Cap 400 Index Fund1.71

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MXMDX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MXMDX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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