MXEGX vs. IBRIX

Last updated Jun 5, 2026

MXEGX (Great-West Core Strategies: Inflation-Protected Securities Fund) and IBRIX (VY BlackRock Inflation Protected Bond Portfolio) are both Inflation-Protected Bonds funds. Over the past 5 years, MXEGX returned 2.08%/yr vs 0.99%/yr for IBRIX. A 0.80 correlation means they provide meaningful diversification when combined. MXEGX charges 0.35%/yr vs 0.58%/yr for IBRIX.

Performance

MXEGX vs. IBRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Core Strategies: Inflation-Protected Securities Fund (MXEGX) and VY BlackRock Inflation Protected Bond Portfolio (IBRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXEGX achieves a 1.59% return, which is significantly lower than IBRIX's 2.32% return.

MXEGX

• 1D: 0.00%
• 1M: -0.00%
• YTD: 1.59%
• 6M: 1.34%
• 1Y: 4.48%
• 3Y*: 4.74%
• 5Y*: 2.08%
• 10Y*: —

IBRIX

• 1D: -0.11%
• 1M: 0.11%
• YTD: 2.32%
• 6M: 2.01%
• 1Y: 5.02%
• 3Y*: 4.14%
• 5Y*: 0.99%
• 10Y*: 2.56%

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

MXEGX vs. IBRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MXEGX Great-West Core Strategies: Inflation-Protected Securities Fund	1.59%	7.07%	2.89%	4.67%	-36.83%	53.07%	8.60%	7.57%	-0.42%
IBRIX VY BlackRock Inflation Protected Bond Portfolio	2.32%	6.11%	2.09%	4.30%	-12.63%	5.25%	11.04%	8.32%	-1.46%

Correlation

The correlation between MXEGX and IBRIX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018	0.80

The correlation between MXEGX and IBRIX shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MXEGX vs. IBRIX — Risk / Return Rank

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

MXEGX

MXEGX Risk / Return Rank: 44
MXEGX Sharpe Ratio Rank: 32
MXEGX Sortino Ratio Rank: 37
MXEGX Omega Ratio Rank: 46
MXEGX Calmar Ratio Rank: 54
MXEGX Martin Ratio Rank: 53

IBRIX

IBRIX Risk / Return Rank: 19
IBRIX Sharpe Ratio Rank: 10
IBRIX Sortino Ratio Rank: 10
IBRIX Omega Ratio Rank: 26
IBRIX Calmar Ratio Rank: 15
IBRIX Martin Ratio Rank: 32

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.

MXEGX vs. IBRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Core Strategies: Inflation-Protected Securities Fund (MXEGX) and VY BlackRock Inflation Protected Bond Portfolio (IBRIX). 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.

	MXEGX	IBRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	0.75	+0.81
Sortino ratio: Return per unit of downside risk	2.45	1.17	+1.28
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.10
Calmar ratio: Return relative to maximum drawdown	2.73	1.27	+1.45
Martin ratio: Return relative to average drawdown	10.37	7.06	+3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXEGX vs. IBRIX - Sharpe Ratio Comparison

The current MXEGX Sharpe Ratio is 1.56, which is higher than the IBRIX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of MXEGX and IBRIX, 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

	MXEGX	IBRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.75	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.14	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.51	-0.34

Drawdowns

MXEGX vs. IBRIX - Drawdown Comparison

The maximum MXEGX drawdown since its inception was -38.48%, which is greater than IBRIX's maximum drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for MXEGX and IBRIX.

Drawdown Indicators

	MXEGX	IBRIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-15.82%	-22.66%
Max Drawdown (1Y) Largest decline over 1 year	-1.83%	-4.81%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-2.88%	-5.68%	+2.80%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-15.82%	-22.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-15.82%	—
Current Drawdown Current decline from peak	-26.00%	-0.21%	-25.79%
Average Drawdown Average peak-to-trough decline	-18.12%	-4.12%	-14.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.87%	-0.40%

Volatility

MXEGX vs. IBRIX - Volatility Comparison

The current volatility for Great-West Core Strategies: Inflation-Protected Securities Fund (MXEGX) is 0.85%, while VY BlackRock Inflation Protected Bond Portfolio (IBRIX) has a volatility of 7.11%. This indicates that MXEGX experiences smaller price fluctuations and is considered to be less risky than IBRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXEGX	IBRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	7.11%	-6.26%
Volatility (6M) Calculated over the trailing 6-month period	2.27%	7.29%	-5.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	8.13%	-4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.68%	7.07%	+18.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.44%	5.93%	+14.51%

MXEGX vs. IBRIX - Expense Ratio Comparison

MXEGX has a 0.35% expense ratio, which is lower than IBRIX's 0.58% expense ratio.

Dividends

MXEGX vs. IBRIX - Dividend Comparison

MXEGX's dividend yield for the trailing twelve months is around 3.58%, less than IBRIX's 3.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBRIX VY BlackRock Inflation Protected Bond Portfolio	3.82%	3.31%	3.87%	3.55%	4.96%	2.68%	1.70%	2.38%	2.51%	1.52%	0.00%	1.41%
MXEGX Great-West Core Strategies: Inflation-Protected Securities Fund	3.58%	3.64%	4.26%	2.08%	34.57%	31.60%	53.76%	3.96%	0.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXEGX and IBRIX in my portfolio?

MXEGX and IBRIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXEGX or IBRIX?

IBRIX has higher volatility (7.11%) compared to MXEGX (0.85%). In terms of maximum drawdown, MXEGX dropped -38.48% vs IBRIX's -15.82%.

Which has better risk-adjusted returns?

MXEGX currently has the higher Sharpe Ratio (1.56 vs 0.75), 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.