MXEBX vs. MXVIX

Last updated Jun 5, 2026

MXEBX (Great-West Core Strategies: U.S. Equity Fund) and MXVIX (Great-West S&P 500 Index Fund) are both Large Cap Blend Equities funds from Great-West. Over the past 5 years, MXEBX returned 12.14%/yr vs 13.35%/yr for MXVIX. With a 0.97 correlation, they move nearly in lockstep. MXEBX charges 0.55%/yr vs 0.51%/yr for MXVIX.

Performance

MXEBX vs. MXVIX - 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 500 Index Fund (MXVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MXEBX having a 10.80% return and MXVIX slightly lower at 10.69%.

MXEBX

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

MXVIX

• 1D: -0.73%
• 1M: 4.13%
• YTD: 10.69%
• 6M: 10.55%
• 1Y: 27.43%
• 3Y*: 21.82%
• 5Y*: 13.35%
• 10Y*: 14.62%

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

MXEBX vs. MXVIX - 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%
MXVIX Great-West S&P 500 Index Fund	10.69%	17.30%	24.31%	25.57%	-18.56%	29.04%	16.96%	30.84%	-9.61%

Correlation

The correlation between MXEBX and MXVIX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 11, 2018	0.97

The correlation between MXEBX and MXVIX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

MXEBX vs. MXVIX — 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

MXVIX

MXVIX Risk / Return Rank: 70
MXVIX Sharpe Ratio Rank: 70
MXVIX Sortino Ratio Rank: 64
MXVIX Omega Ratio Rank: 64
MXVIX Calmar Ratio Rank: 71
MXVIX Martin Ratio Rank: 80

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. MXVIX - 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 500 Index Fund (MXVIX). 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	MXVIX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.44	-0.08
Sortino ratio: Return per unit of downside risk	3.28	3.34	-0.06
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	3.18	3.23	-0.05
Martin ratio: Return relative to average drawdown	13.73	14.79	-1.07
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. MXVIX - Sharpe Ratio Comparison

The current MXEBX Sharpe Ratio is 2.36, which is comparable to the MXVIX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of MXEBX and MXVIX, 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	MXVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.44	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.79	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.48	+0.20

Drawdowns

MXEBX vs. MXVIX - Drawdown Comparison

The maximum MXEBX drawdown since its inception was -35.75%, smaller than the maximum MXVIX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for MXEBX and MXVIX.

Drawdown Indicators

	MXEBX	MXVIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.75%	-58.12%	+22.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-8.94%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-19.07%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-22.94%	-24.74%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.82%	—
Current Drawdown Current decline from peak	-0.58%	-0.73%	+0.15%
Average Drawdown Average peak-to-trough decline	-5.19%	-8.68%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.92%	+0.08%

Volatility

MXEBX vs. MXVIX - Volatility Comparison

Great-West Core Strategies: U.S. Equity Fund (MXEBX) and Great-West S&P 500 Index Fund (MXVIX) have volatilities of 2.99% and 2.92%, 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

	MXEBX	MXVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	2.92%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	8.93%	8.99%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	11.81%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	17.19%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.80%	18.21%	+1.59%

MXEBX vs. MXVIX - Expense Ratio Comparison

MXEBX has a 0.55% expense ratio, which is higher than MXVIX's 0.51% expense ratio.

Dividends

MXEBX vs. MXVIX - Dividend Comparison

MXEBX's dividend yield for the trailing twelve months is around 4.73%, more than MXVIX's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
MXVIX Great-West S&P 500 Index Fund	0.34%	0.38%	0.95%	5.22%	1.25%	4.97%	8.27%	5.11%	10.56%	2.06%

Frequently Asked Questions

Can I hold both MXEBX and MXVIX in my portfolio?

With a correlation of 0.95, MXEBX and MXVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MXEBX or MXVIX?

MXEBX has higher volatility (2.99%) compared to MXVIX (2.92%). In terms of maximum drawdown, MXEBX dropped -35.75% vs MXVIX's -58.12%.

Which has better risk-adjusted returns?

MXVIX currently has the higher Sharpe Ratio (2.44 vs 2.36), 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.