MXBIX vs. PRCIX
Compare and contrast key facts about Great-West Bond Index Fund (MXBIX) and T. Rowe Price New Income Fund (PRCIX).
MXBIX is managed by Great-West. It was launched on Dec 1, 1992. PRCIX is managed by T. Rowe Price. It was launched on Aug 31, 1973.
Performance
MXBIX vs. PRCIX - Performance Comparison
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MXBIX vs. PRCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | -0.23% | 6.62% | 0.82% | 5.02% | -13.69% | -2.33% | 7.10% | 8.09% | -0.26% | 2.56% |
PRCIX T. Rowe Price New Income Fund | -0.24% | 10.79% | 1.31% | 5.31% | -14.87% | -0.54% | 5.77% | 9.28% | -0.62% | 4.01% |
Returns By Period
The year-to-date returns for both stocks are quite close, with MXBIX having a -0.23% return and PRCIX slightly lower at -0.24%. Over the past 10 years, MXBIX has underperformed PRCIX with an annualized return of 1.00%, while PRCIX has yielded a comparatively higher 1.78% annualized return.
MXBIX
- 1D
- 0.54%
- 1M
- -2.04%
- YTD
- -0.23%
- 6M
- 0.60%
- 1Y
- 3.65%
- 3Y*
- 3.05%
- 5Y*
- -0.33%
- 10Y*
- 1.00%
PRCIX
- 1D
- 0.51%
- 1M
- -2.46%
- YTD
- -0.24%
- 6M
- 2.00%
- 1Y
- 7.55%
- 3Y*
- 4.38%
- 5Y*
- 0.50%
- 10Y*
- 1.78%
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MXBIX vs. PRCIX - Expense Ratio Comparison
MXBIX has a 0.50% expense ratio, which is higher than PRCIX's 0.44% expense ratio.
Return for Risk
MXBIX vs. PRCIX — Risk / Return Rank
MXBIX
PRCIX
MXBIX vs. PRCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Bond Index Fund (MXBIX) and T. Rowe Price New Income Fund (PRCIX). 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 | PRCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.80 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.59 | 2.67 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.96 | -1.61 |
Martin ratioReturn relative to average drawdown | 3.92 | 9.93 | -6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXBIX | PRCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.80 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.08 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.36 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.79 | -0.70 |
Correlation
The correlation between MXBIX and PRCIX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MXBIX vs. PRCIX - Dividend Comparison
MXBIX's dividend yield for the trailing twelve months is around 2.78%, less than PRCIX's 8.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | 2.78% | 2.78% | 2.42% | 1.98% | 1.32% | 1.51% | 2.83% | 1.06% | 1.33% | 0.70% | 0.00% | 0.00% |
PRCIX T. Rowe Price New Income Fund | 8.24% | 7.79% | 4.48% | 4.37% | 1.80% | 2.65% | 3.33% | 2.88% | 3.03% | 2.66% | 2.56% | 2.55% |
Drawdowns
MXBIX vs. PRCIX - Drawdown Comparison
The maximum MXBIX drawdown since its inception was -19.74%, smaller than the maximum PRCIX drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for MXBIX and PRCIX.
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Drawdown Indicators
| MXBIX | PRCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.74% | -22.34% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.96% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.70% | -19.65% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -19.74% | -19.65% | -0.09% |
Current DrawdownCurrent decline from peak | -5.77% | -2.46% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.43% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.88% | +0.07% |
Volatility
MXBIX vs. PRCIX - Volatility Comparison
The current volatility for Great-West Bond Index Fund (MXBIX) is 1.56%, while T. Rowe Price New Income Fund (PRCIX) has a volatility of 1.67%. This indicates that MXBIX experiences smaller price fluctuations and is considered to be less risky than PRCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXBIX | PRCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.67% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.81% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 4.58% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 5.93% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 4.93% | -0.01% |