MXEBX vs. MXISX

Last updated Jun 5, 2026

MXEBX (Great-West Core Strategies: U.S. Equity Fund) and MXISX (Great-West S&P Small Cap 600 Index Fund) are both mutual funds - MXEBX is a Large Cap Blend Equities fund managed by Great-West, while MXISX is a Small Cap Blend Equities fund managed by Great-West. Over the past 5 years, MXEBX returned 12.14%/yr vs 4.96%/yr for MXISX. Their correlation of 0.87 suggests significant overlap in exposure. MXEBX charges 0.55%/yr vs 0.56%/yr for MXISX.

Performance

MXEBX vs. MXISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Core Strategies: U.S. Equity Fund (MXEBX) and Great-West S&P Small Cap 600 Index Fund (MXISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXEBX achieves a 10.80% return, which is significantly lower than MXISX's 15.10% return.

MXEBX

• 1D: -0.58%
• 1M: 3.00%
• YTD: 10.80%
• 6M: 10.90%
• 1Y: 26.63%
• 3Y*: 20.54%
• 5Y*: 12.14%
• 10Y*: —

MXISX

• 1D: -0.87%
• 1M: 0.20%
• YTD: 15.10%
• 6M: 14.04%
• 1Y: 31.26%
• 3Y*: 13.52%
• 5Y*: 4.96%
• 10Y*: 9.79%

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

MXEBX vs. MXISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MXEBX Great-West Core Strategies: U.S. Equity Fund	10.80%	15.39%	21.55%	23.27%	-15.57%	26.53%	16.92%	30.28%	-14.15%
MXISX Great-West S&P Small Cap 600 Index Fund	15.10%	5.53%	7.87%	14.61%	-16.60%	26.08%	10.73%	21.46%	-18.91%

Correlation

The correlation between MXEBX and MXISX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 11, 2018	0.87

The correlation between MXEBX and MXISX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

MXEBX vs. MXISX — Risk / Return Rank

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

MXEBX

MXEBX Risk / Return Rank: 69
MXEBX Sharpe Ratio Rank: 68
MXEBX Sortino Ratio Rank: 65
MXEBX Omega Ratio Rank: 64
MXEBX Calmar Ratio Rank: 72
MXEBX Martin Ratio Rank: 75

MXISX

MXISX Risk / Return Rank: 54
MXISX Sharpe Ratio Rank: 42
MXISX Sortino Ratio Rank: 43
MXISX Omega Ratio Rank: 38
MXISX Calmar Ratio Rank: 82
MXISX Martin Ratio Rank: 64

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.

MXEBX vs. MXISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Core Strategies: U.S. Equity Fund (MXEBX) and Great-West S&P Small Cap 600 Index Fund (MXISX). 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.

	MXEBX	MXISX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.87	+0.49
Sortino ratio: Return per unit of downside risk	3.28	2.73	+0.55
Omega ratio: Gain probability vs. loss probability	1.43	1.33	+0.11
Calmar ratio: Return relative to maximum drawdown	3.18	3.72	-0.54
Martin ratio: Return relative to average drawdown	13.73	12.39	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXEBX vs. MXISX - Sharpe Ratio Comparison

The current MXEBX Sharpe Ratio is 2.36, which is comparable to the MXISX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of MXEBX and MXISX, 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

	MXEBX	MXISX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	1.87	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.23	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.21	+0.47

Drawdowns

MXEBX vs. MXISX - Drawdown Comparison

The maximum MXEBX drawdown since its inception was -35.75%, smaller than the maximum MXISX drawdown of -70.66%. Use the drawdown chart below to compare losses from any high point for MXEBX and MXISX.

Drawdown Indicators

	MXEBX	MXISX	Difference
Max Drawdown Largest peak-to-trough decline	-35.75%	-70.66%	+34.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-8.75%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-28.07%	+9.30%
Max Drawdown (5Y) Largest decline over 5 years	-22.94%	-28.07%	+5.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.78%	—
Current Drawdown Current decline from peak	-0.58%	-0.87%	+0.29%
Average Drawdown Average peak-to-trough decline	-5.19%	-21.86%	+16.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.62%	-0.62%

Volatility

MXEBX vs. MXISX - Volatility Comparison

The current volatility for Great-West Core Strategies: U.S. Equity Fund (MXEBX) is 2.99%, while Great-West S&P Small Cap 600 Index Fund (MXISX) has a volatility of 4.52%. This indicates that MXEBX experiences smaller price fluctuations and is considered to be less risky than MXISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXEBX	MXISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	4.52%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	11.72%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	17.49%	-5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	21.75%	-4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.80%	23.85%	-4.05%

MXEBX vs. MXISX - Expense Ratio Comparison

MXEBX has a 0.55% expense ratio, which is lower than MXISX's 0.56% expense ratio.

Dividends

MXEBX vs. MXISX - Dividend Comparison

MXEBX's dividend yield for the trailing twelve months is around 4.73%, less than MXISX's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXEBX Great-West Core Strategies: U.S. Equity Fund	4.73%	5.24%	8.63%	4.31%	7.75%	10.25%	0.50%	1.95%	0.62%	0.00%	0.00%	0.00%
MXISX Great-West S&P Small Cap 600 Index Fund	6.47%	7.45%	4.53%	2.41%	6.55%	10.79%	6.55%	6.71%	14.30%	8.68%	4.94%	10.96%

Frequently Asked Questions

Can I hold both MXEBX and MXISX in my portfolio?

MXEBX and MXISX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXEBX or MXISX?

MXISX has higher volatility (4.52%) compared to MXEBX (2.99%). In terms of maximum drawdown, MXEBX dropped -35.75% vs MXISX's -70.66%.

Which has better risk-adjusted returns?

MXEBX currently has the higher Sharpe Ratio (2.36 vs 1.87), 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.