MXCPX vs. MXGBX

Last updated Jun 4, 2026

MXCPX (Great-West Conservative Profile Fund) and MXGBX (Great-West Global Bond Fund) are both mutual funds - MXCPX is a Diversified Portfolio fund managed by Great-West, while MXGBX is a Global Bonds fund managed by Great-West. Over the past 10 years, MXCPX returned 3.98%/yr vs 0.19%/yr for MXGBX. At a 0.40 correlation, their price movements are largely independent. MXCPX charges 0.37%/yr vs 1.00%/yr for MXGBX.

Performance

MXCPX vs. MXGBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Conservative Profile Fund (MXCPX) and Great-West Global Bond Fund (MXGBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXCPX achieves a 3.87% return, which is significantly higher than MXGBX's -0.86% return. Over the past 10 years, MXCPX has outperformed MXGBX with an annualized return of 3.98%, while MXGBX has yielded a comparatively lower 0.19% annualized return.

MXCPX

• 1D: 0.25%
• 1M: 1.26%
• YTD: 3.87%
• 6M: 4.11%
• 1Y: 9.28%
• 3Y*: 7.53%
• 5Y*: 3.16%
• 10Y*: 3.98%

MXGBX

• 1D: 0.14%
• 1M: 0.29%
• YTD: -0.86%
• 6M: -0.74%
• 1Y: 1.89%
• 3Y*: 3.21%
• 5Y*: -1.63%
• 10Y*: 0.19%

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

MXCPX vs. MXGBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXCPX Great-West Conservative Profile Fund	3.87%	8.19%	4.95%	8.41%	-10.33%	6.35%	8.07%	11.40%	-3.95%	5.94%
MXGBX Great-West Global Bond Fund	-0.86%	7.54%	-0.88%	5.13%	-14.65%	-6.57%	5.46%	4.08%	-0.27%	0.14%

Correlation

The correlation between MXCPX and MXGBX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 1, 1999	0.40

Over the past year, MXCPX and MXGBX have become more correlated (0.62) than their long-term average of 0.40, meaning their price movements have been converging.

Return for Risk

MXCPX vs. MXGBX — Risk / Return Rank

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

MXCPX

MXCPX Risk / Return Rank: 49
MXCPX Sharpe Ratio Rank: 48
MXCPX Sortino Ratio Rank: 52
MXCPX Omega Ratio Rank: 54
MXCPX Calmar Ratio Rank: 40
MXCPX Martin Ratio Rank: 49

MXGBX

MXGBX Risk / Return Rank: 4
MXGBX Sharpe Ratio Rank: 4
MXGBX Sortino Ratio Rank: 3
MXGBX Omega Ratio Rank: 4
MXGBX Calmar Ratio Rank: 4
MXGBX Martin Ratio Rank: 5

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.

MXCPX vs. MXGBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Conservative Profile Fund (MXCPX) and Great-West Global Bond Fund (MXGBX). 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.

	MXCPX	MXGBX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	0.17	+1.86
Sortino ratio: Return per unit of downside risk	3.04	0.32	+2.72
Omega ratio: Gain probability vs. loss probability	1.40	1.06	+0.34
Calmar ratio: Return relative to maximum drawdown	2.40	0.25	+2.16
Martin ratio: Return relative to average drawdown	10.12	0.96	+9.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXCPX vs. MXGBX - Sharpe Ratio Comparison

The current MXCPX Sharpe Ratio is 2.04, which is higher than the MXGBX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of MXCPX and MXGBX, 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

	MXCPX	MXGBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	0.17	+1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	-0.22	+0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.03	+0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.09	+0.19

Drawdowns

MXCPX vs. MXGBX - Drawdown Comparison

The maximum MXCPX drawdown since its inception was -35.02%, smaller than the maximum MXGBX drawdown of -45.02%. Use the drawdown chart below to compare losses from any high point for MXCPX and MXGBX.

Drawdown Indicators

	MXCPX	MXGBX	Difference
Max Drawdown Largest peak-to-trough decline	-35.02%	-45.02%	+10.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.88%	-6.80%	+2.92%
Max Drawdown (3Y) Largest decline over 3 years	-5.57%	-7.25%	+1.68%
Max Drawdown (5Y) Largest decline over 5 years	-17.81%	-24.47%	+6.66%
Max Drawdown (10Y) Largest decline over 10 years	-17.81%	-26.80%	+8.99%
Current Drawdown Current decline from peak	0.00%	-33.61%	+33.61%
Average Drawdown Average peak-to-trough decline	-12.53%	-20.59%	+8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.71%	-0.79%

Volatility

MXCPX vs. MXGBX - Volatility Comparison

Great-West Conservative Profile Fund (MXCPX) and Great-West Global Bond Fund (MXGBX) have volatilities of 1.62% and 1.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXCPX	MXGBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	1.65%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.70%	3.47%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	4.57%	9.57%	-5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.72%	7.39%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.52%	6.63%	-0.11%

MXCPX vs. MXGBX - Expense Ratio Comparison

MXCPX has a 0.37% expense ratio, which is lower than MXGBX's 1.00% expense ratio.

Dividends

MXCPX vs. MXGBX - Dividend Comparison

MXCPX's dividend yield for the trailing twelve months is around 3.33%, more than MXGBX's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXCPX Great-West Conservative Profile Fund	3.33%	3.45%	4.53%	4.17%	5.70%	5.20%	2.46%	5.62%	5.53%	2.70%
MXGBX Great-West Global Bond Fund	3.10%	3.07%	2.69%	0.84%	1.28%	0.07%	1.05%	3.82%	3.04%	0.14%

Frequently Asked Questions

Can I hold both MXCPX and MXGBX in my portfolio?

MXCPX and MXGBX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXCPX or MXGBX?

MXGBX has higher volatility (1.65%) compared to MXCPX (1.62%). In terms of maximum drawdown, MXCPX dropped -35.02% vs MXGBX's -45.02%.

Which has better risk-adjusted returns?

MXCPX currently has the higher Sharpe Ratio (2.04 vs 0.17), 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.