MXEQX vs. FBLEX

Last updated Jun 25, 2026

MXEQX (Great-West Large Cap Value Fund) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, MXEQX returned 11.79%/yr vs 12.33%/yr for FBLEX. Their correlation of 0.93 suggests significant overlap in exposure. MXEQX charges 0.96%/yr vs 0.01%/yr for FBLEX.

Performance

MXEQX vs. FBLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Large Cap Value Fund (MXEQX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXEQX achieves a 11.52% return, which is significantly higher than FBLEX's 9.57% return. Both investments have delivered pretty close results over the past 10 years, with MXEQX having a 11.79% annualized return and FBLEX not far ahead at 12.33%.

MXEQX

• 1D: -0.68%
• 1M: 1.44%
• YTD: 11.52%
• 6M: 10.50%
• 1Y: 23.81%
• 3Y*: 18.29%
• 5Y*: 11.24%
• 10Y*: 11.79%

FBLEX

• 1D: -0.58%
• 1M: 1.38%
• YTD: 9.57%
• 6M: 8.52%
• 1Y: 22.37%
• 3Y*: 19.37%
• 5Y*: 12.19%
• 10Y*: 12.33%

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

MXEQX vs. FBLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXEQX Great-West Large Cap Value Fund	11.52%	16.92%	15.35%	12.28%	-5.50%	26.96%	2.91%	26.54%	-9.91%	15.41%
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	9.57%	17.06%	18.04%	15.60%	-4.82%	26.83%	4.34%	25.57%	-9.04%	12.38%

Correlation

The correlation between MXEQX and FBLEX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 10, 2012	0.93

The correlation between MXEQX and FBLEX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

MXEQX vs. FBLEX — Risk / Return Rank

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

MXEQX

MXEQX Risk / Return Rank: 82
MXEQX Sharpe Ratio Rank: 82
MXEQX Sortino Ratio Rank: 81
MXEQX Omega Ratio Rank: 76
MXEQX Calmar Ratio Rank: 85
MXEQX Martin Ratio Rank: 84

FBLEX

FBLEX Risk / Return Rank: 71
FBLEX Sharpe Ratio Rank: 66
FBLEX Sortino Ratio Rank: 68
FBLEX Omega Ratio Rank: 60
FBLEX Calmar Ratio Rank: 80
FBLEX Martin Ratio Rank: 80

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.

MXEQX vs. FBLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Large Cap Value Fund (MXEQX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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.

	MXEQX	FBLEX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.16	+0.20
Sortino ratio: Return per unit of downside risk	3.34	3.10	+0.24
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.61	3.39	+0.22
Martin ratio: Return relative to average drawdown	13.70	13.66	+0.04

MXEQX vs. FBLEX - Sharpe Ratio Comparison

The current MXEQX Sharpe Ratio is 2.36, which is comparable to the FBLEX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of MXEQX and FBLEX, 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

MXEQX vs. FBLEX - Drawdown Comparison

The maximum MXEQX drawdown since its inception was -66.85%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for MXEQX and FBLEX.

Drawdown Indicators

	MXEQX	FBLEX	Difference
Max Drawdown Largest peak-to-trough decline	-66.85%	-39.73%	-27.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-6.89%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.90%	-14.71%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.81%	-19.00%	+2.19%
Max Drawdown (10Y) Largest decline over 10 years	-37.73%	-39.73%	+2.00%
Current Drawdown Current decline from peak	-1.27%	-1.34%	+0.07%
Average Drawdown Average peak-to-trough decline	-13.26%	-3.81%	-9.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.71%	+0.12%

Volatility

MXEQX vs. FBLEX - Volatility Comparison

Great-West Large Cap Value Fund (MXEQX) has a higher volatility of 3.70% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.42%. This indicates that MXEQX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXEQX	FBLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	3.42%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	8.23%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	10.83%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	14.80%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	17.37%	+0.09%

MXEQX vs. FBLEX - Expense Ratio Comparison

MXEQX has a 0.96% expense ratio, which is higher than FBLEX's 0.01% expense ratio.

Dividends

MXEQX vs. FBLEX - Dividend Comparison

MXEQX's dividend yield for the trailing twelve months is around 1.61%, less than FBLEX's 10.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	10.14%	9.95%	12.63%	5.05%	12.66%	14.51%	3.85%	5.65%	10.97%	7.09%	2.47%	13.81%
MXEQX Great-West Large Cap Value Fund	1.61%	1.80%	3.99%	2.17%	0.93%	2.87%	1.72%	4.75%	6.51%	4.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXEQX and FBLEX in my portfolio?

With a correlation of 0.91, MXEQX and FBLEX 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.

Which is riskier, MXEQX or FBLEX?

MXEQX has higher volatility (3.70%) compared to FBLEX (3.42%). In terms of maximum drawdown, MXEQX dropped -66.85% vs FBLEX's -39.73%.

Which has better risk-adjusted returns?

MXEQX currently has the higher Sharpe Ratio (2.36 vs 2.16), 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.