MXEDX vs. MXREX
MXEDX (Great-West Core Strategies: Flexible Bond Fund) and MXREX (Great-West Real Estate Index Fund) are both mutual funds - MXEDX is a Intermediate Core-Plus Bond fund managed by Great-West, while MXREX is a REIT fund managed by Great-West. Over the past 5 years, MXEDX returned 0.80%/yr vs 4.48%/yr for MXREX. At a 0.26 correlation, their price movements are largely independent. MXEDX charges 0.45%/yr vs 0.70%/yr for MXREX.
Performance
MXEDX vs. MXREX - 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 MXREX's 15.55% return.
MXEDX
- 1D
- -0.20%
- 1M
- 0.40%
- YTD
- 0.10%
- 6M
- 0.22%
- 1Y
- 4.33%
- 3Y*
- 5.08%
- 5Y*
- 0.80%
- 10Y*
- —
MXREX
- 1D
- 1.36%
- 1M
- 0.64%
- YTD
- 15.55%
- 6M
- 15.86%
- 1Y
- 18.03%
- 3Y*
- 13.16%
- 5Y*
- 4.48%
- 10Y*
- 4.21%
MXEDX vs. MXREX - 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% |
MXREX Great-West Real Estate Index Fund | 15.55% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -7.54% |
Correlation
The correlation between MXEDX and MXREX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2018 | 0.26 |
The correlation between MXEDX and MXREX shifts across timeframes, from 0.26 (all time) to 0.40 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXEDX vs. MXREX — Risk / Return Rank
MXEDX
MXREX
MXEDX vs. MXREX - 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 Real Estate Index Fund (MXREX). 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 | MXREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.59 | -0.90 |
| Martin ratioReturn relative to average drawdown | 4.69 | 8.56 | -3.87 |
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Drawdowns
MXEDX vs. MXREX - Drawdown Comparison
The maximum MXEDX drawdown since its inception was -16.76%, smaller than the maximum MXREX drawdown of -43.89%. Use the drawdown chart below to compare losses from any high point for MXEDX and MXREX.
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Drawdown Indicators
| MXEDX | MXREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -43.89% | +27.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -7.73% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -18.79% | +12.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.63% | -33.06% | +16.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.89% | — |
Current DrawdownCurrent decline from peak | -1.84% | -1.33% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -11.59% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.31% | -1.28% |
Volatility
MXEDX vs. MXREX - Volatility Comparison
The current volatility for Great-West Core Strategies: Flexible Bond Fund (MXEDX) is 1.10%, while Great-West Real Estate Index Fund (MXREX) has a volatility of 5.29%. This indicates that MXEDX experiences smaller price fluctuations and is considered to be less risky than MXREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXEDX | MXREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 5.29% | -4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 10.21% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 13.94% | -10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 19.37% | -13.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 21.98% | -17.23% |
MXEDX vs. MXREX - Expense Ratio Comparison
MXEDX has a 0.45% expense ratio, which is lower than MXREX's 0.70% expense ratio.
Dividends
MXEDX vs. MXREX - Dividend Comparison
MXEDX's dividend yield for the trailing twelve months is around 3.96%, more than MXREX's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MXREX Great-West Real Estate Index Fund | 1.79% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% |
Frequently Asked Questions
MXEDX and MXREX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXREX has higher volatility (5.29%) compared to MXEDX (1.10%). In terms of maximum drawdown, MXEDX dropped -16.76% vs MXREX's -43.89%.
MXREX currently has the higher Sharpe Ratio (1.44 vs 1.41), 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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