MXECX vs. DFWVX

Last updated Jun 4, 2026

MXECX (Great-West Core Strategies: International Equity Fund) and DFWVX (DFA World ex U.S. Value Portfolio Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, MXECX returned 7.06%/yr vs 16.46%/yr for DFWVX. Their correlation of 0.87 suggests significant overlap in exposure. MXECX charges 0.65%/yr vs 0.40%/yr for DFWVX.

Performance

MXECX vs. DFWVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Core Strategies: International Equity Fund (MXECX) and DFA World ex U.S. Value Portfolio Fund (DFWVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXECX achieves a 6.44% return, which is significantly lower than DFWVX's 17.30% return.

MXECX

• 1D: 0.16%
• 1M: 3.51%
• YTD: 6.44%
• 6M: 8.72%
• 1Y: 18.02%
• 3Y*: 15.08%
• 5Y*: 7.06%
• 10Y*: —

DFWVX

• 1D: 0.75%
• 1M: 5.65%
• YTD: 17.30%
• 6M: 20.85%
• 1Y: 41.46%
• 3Y*: 24.46%
• 5Y*: 16.46%
• 10Y*: 29.51%

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

MXECX vs. DFWVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MXECX Great-West Core Strategies: International Equity Fund	6.44%	29.17%	3.12%	17.53%	-14.33%	9.43%	8.85%	23.05%	-14.54%
DFWVX DFA World ex U.S. Value Portfolio Fund	17.30%	40.30%	6.66%	17.37%	-6.41%	32.65%	-0.40%	344.89%	-13.22%

Correlation

The correlation between MXECX and DFWVX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 11, 2018	0.87

The correlation between MXECX and DFWVX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Return for Risk

MXECX vs. DFWVX — Risk / Return Rank

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

MXECX

MXECX Risk / Return Rank: 21
MXECX Sharpe Ratio Rank: 19
MXECX Sortino Ratio Rank: 19
MXECX Omega Ratio Rank: 19
MXECX Calmar Ratio Rank: 21
MXECX Martin Ratio Rank: 25

DFWVX

DFWVX Risk / Return Rank: 88
DFWVX Sharpe Ratio Rank: 94
DFWVX Sortino Ratio Rank: 90
DFWVX Omega Ratio Rank: 88
DFWVX Calmar Ratio Rank: 87
DFWVX Martin Ratio Rank: 84

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.

MXECX vs. DFWVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Core Strategies: International Equity Fund (MXECX) and DFA World ex U.S. Value Portfolio Fund (DFWVX). 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.

	MXECX	DFWVX	Difference
Sharpe ratio Return per unit of total volatility	1.26	3.26	-2.00
Sortino ratio Return per unit of downside risk	1.84	4.35	-2.52
Omega ratio Gain probability vs. loss probability	1.23	1.61	-0.38
Calmar ratio Return relative to maximum drawdown	1.67	4.20	-2.53
Martin ratio Return relative to average drawdown	6.09	15.89	-9.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXECX vs. DFWVX - Sharpe Ratio Comparison

The current MXECX Sharpe Ratio is 1.26, which is lower than the DFWVX Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of MXECX and DFWVX, 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

	MXECX	DFWVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	3.26	-2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	1.03	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.72	-0.29

Drawdowns

MXECX vs. DFWVX - Drawdown Comparison

The maximum MXECX drawdown since its inception was -33.69%, smaller than the maximum DFWVX drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for MXECX and DFWVX.

Drawdown Indicators

	MXECX	DFWVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.69%	-41.32%	+7.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-9.91%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-13.91%	-14.11%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-30.49%	-24.59%	-5.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.32%	—
Current Drawdown Current decline from peak	-0.80%	0.00%	-0.80%
Average Drawdown Average peak-to-trough decline	-6.83%	-7.08%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	2.60%	+0.29%

Volatility

MXECX vs. DFWVX - Volatility Comparison

Great-West Core Strategies: International Equity Fund (MXECX) and DFA World ex U.S. Value Portfolio Fund (DFWVX) have volatilities of 3.99% and 4.18%, 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

	MXECX	DFWVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	4.18%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	10.52%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	12.77%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	16.06%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	34.91%	-16.90%

MXECX vs. DFWVX - Expense Ratio Comparison

MXECX has a 0.65% expense ratio, which is higher than DFWVX's 0.40% expense ratio.

Dividends

MXECX vs. DFWVX - Dividend Comparison

MXECX's dividend yield for the trailing twelve months is around 3.81%, more than DFWVX's 3.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFWVX DFA World ex U.S. Value Portfolio Fund	3.37%	3.66%	4.28%	4.30%	3.75%	15.97%	2.43%	110.54%	5.26%	2.70%	2.92%	2.77%
MXECX Great-West Core Strategies: International Equity Fund	3.81%	4.06%	3.31%	4.11%	3.41%	8.33%	11.78%	4.69%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXECX and DFWVX in my portfolio?

MXECX and DFWVX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXECX or DFWVX?

DFWVX has higher volatility (4.18%) compared to MXECX (3.99%). In terms of maximum drawdown, MXECX dropped -33.69% vs DFWVX's -41.32%.

Which has better risk-adjusted returns?

DFWVX currently has the higher Sharpe Ratio (3.26 vs 1.26), 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.