MXBGX vs. FRQHX

Last updated Aug 1, 2026

MXBGX (Great-West Lifetime 2040 Fund) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MXBGX charges 0.11%/yr vs 0.26%/yr for FRQHX.

Performance

MXBGX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Lifetime 2040 Fund (MXBGX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MXBGX

• 1D: 1.33%
• 1M: -0.08%
• 6M: 6.34%
• YTD: 9.12%
• 1Y: 18.08%
• 3Y*: 13.04%
• 5Y*: 7.09%
• 10Y*: 9.25%
• ALL TIME*: 9.58%

FRQHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
MXBGX Great-West Lifetime 2040 Fund	$0.00	$0.00	$0.00

MXBGX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MXBGX Great-West Lifetime 2040 Fund	9.12%	16.19%	10.17%	16.47%	-15.90%	15.69%	13.61%	8.16%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%

Correlation

The correlation between MXBGX and FRQHX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.69

The correlation between MXBGX and FRQHX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

MXBGX vs. FRQHX — Risk / Return Rank

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

MXBGX

MXBGX Risk / Return Rank: 54
MXBGX Sharpe Ratio Rank: 50
MXBGX Sortino Ratio Rank: 50
MXBGX Omega Ratio Rank: 51
MXBGX Calmar Ratio Rank: 55
MXBGX Martin Ratio Rank: 64

FRQHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MXBGX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2040 Fund (MXBGX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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.

	MXBGX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	2.05	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.07	—	—
Martin ratio: Return relative to average drawdown	8.52	—	—

Drawdowns

Drawdown Indicators

	MXBGX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-30.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.12%	—	—
Current Drawdown Current decline from peak	-0.77%	—	—
Average Drawdown Average peak-to-trough decline	-5.53%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	—	—

Volatility

Volatility by Period

	MXBGX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	—	—

MXBGX vs. FRQHX - Expense Ratio Comparison

MXBGX has a 0.11% expense ratio, which is lower than FRQHX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MXBGX vs. FRQHX - Dividend Comparison

MXBGX's dividend yield for the trailing twelve months is around 4.60%, more than FRQHX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	2.93%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%
MXBGX Great-West Lifetime 2040 Fund	4.60%	5.02%	6.86%	5.77%	11.05%	10.66%	6.43%	9.53%	7.86%	5.21%

Frequently Asked Questions

Can I hold both MXBGX and FRQHX in my portfolio?

MXBGX and FRQHX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.