MXAPX vs. MXMDX

Last updated Aug 1, 2026

MXAPX (Great-West Aggressive Profile Fund) and MXMDX (Great-West S&P Mid Cap 400 Index Fund) are both mutual funds - MXAPX is a Diversified Portfolio fund managed by Great-West, while MXMDX is a Mid Cap Blend Equities fund managed by Great-West. Over the past 10 years, MXAPX returned 8.77%/yr vs 9.78%/yr for MXMDX. Their correlation of 0.82 means they have usually moved in the same direction. MXAPX charges 0.45%/yr vs 0.55%/yr for MXMDX.

Performance

MXAPX vs. MXMDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Aggressive Profile Fund (MXAPX) and Great-West S&P Mid Cap 400 Index Fund (MXMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXAPX achieves a 12.42% return, which is significantly lower than MXMDX's 14.38% return. Over the past 10 years, MXAPX has underperformed MXMDX with an annualized return of 8.77%, while MXMDX has yielded a comparatively higher 9.78% annualized return.

MXAPX

• 1D: 1.34%
• 1M: 0.44%
• 6M: 8.47%
• YTD: 12.42%
• 1Y: 23.02%
• 3Y*: 14.98%
• 5Y*: 8.43%
• 10Y*: 8.77%
• ALL TIME*: 1.92%

MXMDX

• 1D: 0.79%
• 1M: -1.03%
• 6M: 9.95%
• YTD: 14.38%
• 1Y: 20.44%
• 3Y*: 12.37%
• 5Y*: 7.87%
• 10Y*: 9.78%
• ALL TIME*: 8.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MXAPX Great-West Aggressive Profile Fund	$0.00	$0.00	$0.00
MXMDX Great-West S&P Mid Cap 400 Index Fund	$0.00	$0.00	$0.00

MXAPX vs. MXMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXAPX Great-West Aggressive Profile Fund	12.42%	17.41%	11.49%	17.41%	-16.14%	19.63%	11.52%	25.35%	-12.94%	19.22%
MXMDX Great-West S&P Mid Cap 400 Index Fund	14.38%	6.90%	13.23%	15.75%	-13.60%	24.25%	12.84%	25.48%	-12.02%	15.01%

Correlation

The correlation between MXAPX and MXMDX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Jan 20, 2011	0.82

The correlation between MXAPX and MXMDX has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

Return for Risk

MXAPX vs. MXMDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MXAPX

MXAPX Risk / Return Rank: 45
MXAPX Sharpe Ratio Rank: 34
MXAPX Sortino Ratio Rank: 34
MXAPX Omega Ratio Rank: 52
MXAPX Calmar Ratio Rank: 66
MXAPX Martin Ratio Rank: 39

MXMDX

MXMDX Risk / Return Rank: 52
MXMDX Sharpe Ratio Rank: 44
MXMDX Sortino Ratio Rank: 47
MXMDX Omega Ratio Rank: 43
MXMDX Calmar Ratio Rank: 66
MXMDX Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MXAPX vs. MXMDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Aggressive Profile Fund (MXAPX) and Great-West S&P Mid Cap 400 Index Fund (MXMDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	MXAPX	MXMDX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.26	-0.12
Sortino ratio: Return per unit of downside risk	1.68	1.89	-0.21
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.26	2.19	+0.07
Martin ratio: Return relative to average drawdown	5.98	7.93	-1.95

MXAPX vs. MXMDX - Sharpe Ratio Comparison

The current MXAPX Sharpe Ratio is 1.14, which is comparable to the MXMDX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of MXAPX and MXMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXAPX vs. MXMDX - Drawdown Comparison

The maximum MXAPX drawdown since its inception was -70.73%, which is greater than MXMDX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for MXAPX and MXMDX.

Drawdown Indicators

	MXAPX	MXMDX	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-41.80%	-28.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-8.87%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	-24.15%	+8.61%
Max Drawdown (5Y) Largest decline over 5 years	-32.50%	-24.15%	-8.35%
Max Drawdown (10Y) Largest decline over 10 years	-37.94%	-41.80%	+3.86%
Current Drawdown Current decline from peak	-0.29%	-2.23%	+1.94%
Average Drawdown Average peak-to-trough decline	-28.34%	-5.90%	-22.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.47%	+0.99%

Volatility

MXAPX vs. MXMDX - Volatility Comparison

The current volatility for Great-West Aggressive Profile Fund (MXAPX) is 2.92%, while Great-West S&P Mid Cap 400 Index Fund (MXMDX) has a volatility of 3.47%. This indicates that MXAPX experiences smaller price fluctuations and is considered to be less risky than MXMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXAPX	MXMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	3.47%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	11.55%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	15.41%	+2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	19.92%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	21.17%	-1.58%

MXAPX vs. MXMDX - Expense Ratio Comparison

MXAPX has a 0.45% expense ratio, which is lower than MXMDX's 0.55% expense ratio.

Dividends

MXAPX vs. MXMDX - Dividend Comparison

MXAPX's dividend yield for the trailing twelve months is around 8.00%, more than MXMDX's 5.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXAPX Great-West Aggressive Profile Fund	8.00%	8.99%	8.09%	5.68%	13.27%	13.88%	4.31%	14.52%	15.76%	6.79%
MXMDX Great-West S&P Mid Cap 400 Index Fund	5.82%	6.66%	3.04%	4.76%	4.35%	5.24%	5.74%	3.74%	8.13%	4.51%

Frequently Asked Questions

Can I hold both MXAPX and MXMDX in my portfolio?

MXAPX and MXMDX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXAPX or MXMDX?

MXMDX has higher volatility (3.47%) compared to MXAPX (2.92%). In terms of maximum drawdown, MXAPX dropped -70.73% vs MXMDX's -41.80%.

Which has better risk-adjusted returns?

MXMDX currently has the higher Sharpe Ratio (1.26 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.