MXBIX vs. MXEQX

Last updated Jun 5, 2026

MXBIX (Great-West Bond Index Fund) and MXEQX (Great-West Large Cap Value Fund) are both mutual funds - MXBIX is a Intermediate Core Bond fund managed by Great-West, while MXEQX is a Large Cap Value Equities fund managed by Great-West. Over the past 10 years, MXBIX returned 0.94%/yr vs 19.55%/yr for MXEQX. At a correlation of -0.13, they often move in opposite directions. MXBIX charges 0.50%/yr vs 0.96%/yr for MXEQX.

Performance

MXBIX vs. MXEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Bond Index Fund (MXBIX) and Great-West Large Cap Value Fund (MXEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXBIX achieves a 0.08% return, which is significantly lower than MXEQX's 10.47% return. Over the past 10 years, MXBIX has underperformed MXEQX with an annualized return of 0.94%, while MXEQX has yielded a comparatively higher 19.55% annualized return.

MXBIX

• 1D: -0.15%
• 1M: 0.08%
• YTD: 0.08%
• 6M: 0.08%
• 1Y: 4.05%
• 3Y*: 3.46%
• 5Y*: -0.50%
• 10Y*: 0.94%

MXEQX

• 1D: -0.31%
• 1M: 2.57%
• YTD: 10.47%
• 6M: 12.50%
• 1Y: 24.99%
• 3Y*: 18.40%
• 5Y*: 10.51%
• 10Y*: 19.55%

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

MXBIX vs. MXEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXBIX Great-West Bond Index Fund	0.08%	6.62%	0.82%	5.02%	-13.69%	-2.33%	7.10%	8.09%	-0.26%	2.56%
MXEQX Great-West Large Cap Value Fund	10.47%	16.92%	15.35%	12.28%	-5.50%	26.96%	2.91%	159.33%	-9.91%	15.41%

Correlation

The correlation between MXBIX and MXEQX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Nov 3, 1994	-0.13

The correlation between MXBIX and MXEQX shifts across timeframes, from -0.13 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MXBIX vs. MXEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXBIX

MXBIX Risk / Return Rank: 21
MXBIX Sharpe Ratio Rank: 21
MXBIX Sortino Ratio Rank: 22
MXBIX Omega Ratio Rank: 20
MXBIX Calmar Ratio Rank: 23
MXBIX Martin Ratio Rank: 20

MXEQX

MXEQX Risk / Return Rank: 75
MXEQX Sharpe Ratio Rank: 75
MXEQX Sortino Ratio Rank: 74
MXEQX Omega Ratio Rank: 68
MXEQX Calmar Ratio Rank: 82
MXEQX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXBIX vs. MXEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Bond Index Fund (MXBIX) and Great-West Large Cap Value Fund (MXEQX). 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.

	MXBIX	MXEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.47	-1.18
Sortino ratio: Return per unit of downside risk	1.92	3.53	-1.61
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	1.72	3.66	-1.95
Martin ratio: Return relative to average drawdown	5.08	13.92	-8.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXBIX vs. MXEQX - Sharpe Ratio Comparison

The current MXBIX Sharpe Ratio is 1.29, which is lower than the MXEQX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of MXBIX and MXEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MXBIX	MXEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	2.47	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.71	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.52	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.30	-0.21

Drawdowns

MXBIX vs. MXEQX - Drawdown Comparison

The maximum MXBIX drawdown since its inception was -19.74%, smaller than the maximum MXEQX drawdown of -66.85%. Use the drawdown chart below to compare losses from any high point for MXBIX and MXEQX.

Drawdown Indicators

	MXBIX	MXEQX	Difference
Max Drawdown Largest peak-to-trough decline	-19.74%	-66.85%	+47.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-7.03%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-6.35%	-14.90%	+8.55%
Max Drawdown (5Y) Largest decline over 5 years	-18.70%	-16.81%	-1.89%
Max Drawdown (10Y) Largest decline over 10 years	-19.74%	-37.73%	+17.99%
Current Drawdown Current decline from peak	-5.48%	-0.31%	-5.17%
Average Drawdown Average peak-to-trough decline	-5.88%	-13.29%	+7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.83%	-0.88%

Volatility

MXBIX vs. MXEQX - Volatility Comparison

The current volatility for Great-West Bond Index Fund (MXBIX) is 1.25%, while Great-West Large Cap Value Fund (MXEQX) has a volatility of 2.47%. This indicates that MXBIX experiences smaller price fluctuations and is considered to be less risky than MXEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXBIX	MXEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	2.47%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	2.61%	7.79%	-5.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	10.43%	-6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.04%	14.96%	-8.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	37.72%	-32.79%

MXBIX vs. MXEQX - Expense Ratio Comparison

MXBIX has a 0.50% expense ratio, which is lower than MXEQX's 0.96% expense ratio.

Dividends

MXBIX vs. MXEQX - Dividend Comparison

MXBIX's dividend yield for the trailing twelve months is around 2.77%, more than MXEQX's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXBIX Great-West Bond Index Fund	2.77%	2.78%	2.42%	1.98%	1.32%	1.51%	2.83%	1.06%	1.33%	0.70%
MXEQX Great-West Large Cap Value Fund	1.63%	1.80%	3.99%	2.17%	0.93%	2.87%	1.72%	2.89%	6.51%	4.13%

Frequently Asked Questions

Can I hold both MXBIX and MXEQX in my portfolio?

MXBIX and MXEQX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXBIX or MXEQX?

MXEQX has higher volatility (2.47%) compared to MXBIX (1.25%). In terms of maximum drawdown, MXBIX dropped -19.74% vs MXEQX's -66.85%.

Which has better risk-adjusted returns?

MXEQX currently has the higher Sharpe Ratio (2.47 vs 1.29), 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.