MXDPX vs. SPY
MXDPX (Great-West Moderately Conservative Profile Fund) and SPY (State Street SPDR S&P 500 ETF) are both funds - MXDPX is a Diversified Portfolio fund managed by Great-West, while SPY is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MXDPX returned 5.38%/yr vs 15.70%/yr for SPY. Their correlation of 0.84 suggests significant overlap in exposure. MXDPX charges 0.37%/yr vs 0.09%/yr for SPY.
Performance
MXDPX vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, MXDPX achieves a 5.73% return, which is significantly lower than SPY's 9.74% return. Over the past 10 years, MXDPX has underperformed SPY with an annualized return of 5.38%, while SPY has yielded a comparatively higher 15.70% annualized return.
MXDPX
- 1D
- 0.34%
- 1M
- 1.14%
- YTD
- 5.73%
- 6M
- 5.49%
- 1Y
- 12.40%
- 3Y*
- 9.03%
- 5Y*
- 4.51%
- 10Y*
- 5.38%
SPY
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.74%
- 6M
- 9.27%
- 1Y
- 26.65%
- 3Y*
- 21.27%
- 5Y*
- 13.51%
- 10Y*
- 15.70%
MXDPX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXDPX Great-West Moderately Conservative Profile Fund | 5.73% | 10.02% | 6.17% | 10.19% | -11.44% | 9.24% | 9.30% | 14.91% | -5.19% | 8.25% |
SPY State Street SPDR S&P 500 ETF | 9.74% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MXDPX and SPY is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 1999 | 0.84 |
The correlation between MXDPX and SPY has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
MXDPX vs. SPY — Risk / Return Rank
MXDPX
SPY
MXDPX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Moderately Conservative Profile Fund (MXDPX) and State Street SPDR S&P 500 ETF (SPY). 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.
| MXDPX | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.01 | -0.52 |
| Martin ratioReturn relative to average drawdown | 9.11 | 13.54 | -4.43 |
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Drawdowns
MXDPX vs. SPY - Drawdown Comparison
The maximum MXDPX drawdown since its inception was -39.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MXDPX and SPY.
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Drawdown Indicators
| MXDPX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -55.19% | +15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -8.88% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.03% | -18.76% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -24.50% | +3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -20.55% | -33.72% | +13.17% |
Current DrawdownCurrent decline from peak | -0.34% | -1.75% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -9.04% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.97% | -0.62% |
Volatility
MXDPX vs. SPY - Volatility Comparison
The current volatility for Great-West Moderately Conservative Profile Fund (MXDPX) is 2.39%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.64%. This indicates that MXDPX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXDPX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 4.64% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 9.75% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.32% | 12.43% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.09% | 17.14% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.91% | 17.99% | -9.08% |
MXDPX vs. SPY - Expense Ratio Comparison
MXDPX has a 0.37% expense ratio, which is higher than SPY's 0.09% expense ratio.
Dividends
MXDPX vs. SPY - Dividend Comparison
MXDPX's dividend yield for the trailing twelve months is around 4.99%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXDPX Great-West Moderately Conservative Profile Fund | 4.99% | 5.27% | 4.86% | 5.29% | 6.69% | 6.84% | 2.38% | 7.36% | 7.84% | 2.90% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
MXDPX and SPY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPY has higher volatility (4.64%) compared to MXDPX (2.39%). In terms of maximum drawdown, MXDPX dropped -39.33% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (2.16 vs 1.68), 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.
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