MXEDX vs. MXBIX
MXEDX (Great-West Core Strategies: Flexible Bond Fund) and MXBIX (Great-West Bond Index Fund) are both mutual funds - MXEDX is a Intermediate Core-Plus Bond fund managed by Great-West, while MXBIX is a Intermediate Core Bond fund managed by Great-West. Over the past 5 years, MXEDX returned 0.80%/yr vs -0.53%/yr for MXBIX. Their correlation of 0.93 suggests significant overlap in exposure. MXEDX charges 0.45%/yr vs 0.50%/yr for MXBIX.
Performance
MXEDX vs. MXBIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXEDX achieves a 0.10% return, which is significantly lower than MXBIX's 0.15% return.
MXEDX
- 1D
- -0.20%
- 1M
- 0.40%
- YTD
- 0.10%
- 6M
- 0.22%
- 1Y
- 4.33%
- 3Y*
- 5.08%
- 5Y*
- 0.80%
- 10Y*
- —
MXBIX
- 1D
- -0.23%
- 1M
- 0.54%
- YTD
- 0.15%
- 6M
- 0.23%
- 1Y
- 3.73%
- 3Y*
- 3.42%
- 5Y*
- -0.53%
- 10Y*
- 0.92%
MXEDX vs. MXBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MXEDX Great-West Core Strategies: Flexible Bond Fund | 0.10% | 7.97% | 3.28% | 6.36% | -12.25% | -1.32% | 9.47% | 8.10% | -1.50% |
MXBIX Great-West Bond Index Fund | 0.15% | 6.62% | 0.82% | 5.02% | -13.69% | -2.33% | 7.10% | 8.09% | 1.55% |
Correlation
The correlation between MXEDX and MXBIX 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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018 | 0.93 |
The correlation between MXEDX and MXBIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
MXEDX vs. MXBIX — Risk / Return Rank
MXEDX
MXBIX
MXEDX vs. MXBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Core Strategies: Flexible Bond Fund (MXEDX) and Great-West Bond Index Fund (MXBIX). 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.
| MXEDX | MXBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.46 | +0.23 |
| Martin ratioReturn relative to average drawdown | 4.69 | 4.06 | +0.63 |
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Drawdowns
MXEDX vs. MXBIX - Drawdown Comparison
The maximum MXEDX drawdown since its inception was -16.76%, smaller than the maximum MXBIX drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for MXEDX and MXBIX.
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Drawdown Indicators
| MXEDX | MXBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -19.74% | +2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.87% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -6.35% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -18.70% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.74% | — |
Current DrawdownCurrent decline from peak | -1.84% | -5.41% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -5.88% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.02% | +0.01% |
Volatility
MXEDX vs. MXBIX - Volatility Comparison
Great-West Core Strategies: Flexible Bond Fund (MXEDX) has a higher volatility of 1.10% compared to Great-West Bond Index Fund (MXBIX) at 1.03%. This indicates that MXEDX's price experiences larger fluctuations and is considered to be riskier than MXBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXEDX | MXBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.03% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.70% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 3.72% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 6.05% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 4.94% | -0.19% |
MXEDX vs. MXBIX - Expense Ratio Comparison
MXEDX has a 0.45% expense ratio, which is lower than MXBIX's 0.50% expense ratio.
Dividends
MXEDX vs. MXBIX - Dividend Comparison
MXEDX's dividend yield for the trailing twelve months is around 3.96%, more than MXBIX's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | 2.77% | 2.78% | 2.42% | 1.98% | 1.32% | 1.51% | 2.83% | 1.06% | 1.33% | 0.70% |
MXEDX Great-West Core Strategies: Flexible Bond Fund | 3.96% | 3.97% | 4.60% | 3.39% | 1.85% | 0.46% | 0.01% | 2.95% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, MXEDX and MXBIX 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.
MXEDX has higher volatility (1.10%) compared to MXBIX (1.03%). In terms of maximum drawdown, MXEDX dropped -16.76% vs MXBIX's -19.74%.
MXEDX currently has the higher Sharpe Ratio (1.41 vs 1.13), 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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