MXEGX vs. MXMDX

Last updated Jun 26, 2026

MXEGX (Great-West Core Strategies: Inflation-Protected Securities Fund) and MXMDX (Great-West S&P Mid Cap 400 Index Fund) are both mutual funds - MXEGX is a Inflation-Protected Bonds fund managed by Great-West, while MXMDX is a Mid Cap Blend Equities fund managed by Great-West. Over the past 5 years, MXEGX returned 1.73%/yr vs 7.82%/yr for MXMDX. At a 0.08 correlation, their price movements are largely independent. MXEGX charges 0.35%/yr vs 0.55%/yr for MXMDX.

Performance

MXEGX vs. MXMDX - 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 Great-West S&P Mid Cap 400 Index Fund (MXMDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXEGX achieves a -0.53% return, which is significantly lower than MXMDX's 15.05% return.

MXEGX

• 1D: 0.27%
• 1M: -1.83%
• YTD: -0.53%
• 6M: -0.52%
• 1Y: 1.77%
• 3Y*: 4.06%
• 5Y*: 1.73%
• 10Y*: —

MXMDX

• 1D: 0.58%
• 1M: 1.72%
• YTD: 15.05%
• 6M: 12.71%
• 1Y: 25.07%
• 3Y*: 15.72%
• 5Y*: 7.82%
• 10Y*: 10.56%

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

MXEGX vs. MXMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MXEGX Great-West Core Strategies: Inflation-Protected Securities Fund	-0.53%	7.07%	2.89%	4.67%	-36.83%	53.07%	8.60%	7.57%	-0.42%
MXMDX Great-West S&P Mid Cap 400 Index Fund	15.05%	6.90%	13.23%	15.75%	-13.60%	24.25%	12.84%	25.48%	-15.89%

Correlation

The correlation between MXEGX and MXMDX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018	0.08

The correlation between MXEGX and MXMDX shifts across timeframes, from 0.08 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

MXEGX vs. MXMDX — Risk / Return Rank

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

MXEGX

MXEGX Risk / Return Rank: 12
MXEGX Sharpe Ratio Rank: 10
MXEGX Sortino Ratio Rank: 8
MXEGX Omega Ratio Rank: 12
MXEGX Calmar Ratio Rank: 11
MXEGX Martin Ratio Rank: 18

MXMDX

MXMDX Risk / Return Rank: 52
MXMDX Sharpe Ratio Rank: 43
MXMDX Sortino Ratio Rank: 45
MXMDX Omega Ratio Rank: 41
MXMDX Calmar Ratio Rank: 71
MXMDX Martin Ratio Rank: 60

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. MXMDX - 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 Great-West S&P Mid Cap 400 Index Fund (MXMDX). 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.

	MXEGX	MXMDX	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.60	-1.01
Sortino ratio: Return per unit of downside risk	0.81	2.33	-1.52
Omega ratio: Gain probability vs. loss probability	1.14	1.28	-0.15
Calmar ratio: Return relative to maximum drawdown	0.81	2.81	-2.01
Martin ratio: Return relative to average drawdown	3.84	10.11	-6.27

MXEGX vs. MXMDX - Sharpe Ratio Comparison

The current MXEGX Sharpe Ratio is 0.59, which is lower than the MXMDX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of MXEGX and MXMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXEGX vs. MXMDX - Drawdown Comparison

The maximum MXEGX drawdown since its inception was -38.48%, smaller than the maximum MXMDX drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for MXEGX and MXMDX.

Drawdown Indicators

	MXEGX	MXMDX	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-41.80%	+3.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-8.87%	+6.27%
Max Drawdown (3Y) Largest decline over 3 years	-2.88%	-24.15%	+21.27%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-24.15%	-14.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.80%	—
Current Drawdown Current decline from peak	-27.55%	-0.49%	-27.06%
Average Drawdown Average peak-to-trough decline	-18.17%	-5.93%	-12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	2.43%	-1.89%

Volatility

MXEGX vs. MXMDX - Volatility Comparison

The current volatility for Great-West Core Strategies: Inflation-Protected Securities Fund (MXEGX) is 1.95%, while Great-West S&P Mid Cap 400 Index Fund (MXMDX) has a volatility of 4.70%. This indicates that MXEGX experiences smaller price fluctuations and is considered to be less risky than MXMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXEGX	MXMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	4.70%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	11.71%	-8.86%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	15.64%	-12.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.70%	20.02%	+5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	21.20%	-0.83%

MXEGX vs. MXMDX - Expense Ratio Comparison

MXEGX has a 0.35% expense ratio, which is lower than MXMDX's 0.55% expense ratio.

Dividends

MXEGX vs. MXMDX - Dividend Comparison

MXEGX's dividend yield for the trailing twelve months is around 3.66%, less than MXMDX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXEGX Great-West Core Strategies: Inflation-Protected Securities Fund	3.66%	3.64%	4.26%	2.08%	34.57%	31.60%	53.76%	3.96%	0.38%	0.00%
MXMDX Great-West S&P Mid Cap 400 Index Fund	5.79%	6.66%	3.04%	4.76%	4.35%	5.24%	5.74%	3.74%	8.13%	4.51%

Frequently Asked Questions

Can I hold both MXEGX and MXMDX in my portfolio?

MXEGX and MXMDX have a correlation of 0.13, 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 MXMDX?

MXMDX has higher volatility (4.70%) compared to MXEGX (1.95%). In terms of maximum drawdown, MXEGX dropped -38.48% vs MXMDX's -41.80%.

Which has better risk-adjusted returns?

MXMDX currently has the higher Sharpe Ratio (1.60 vs 0.59), 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.