MXEQX vs. FBLEX

Last updated Jun 5, 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 19.55%/yr vs 11.86%/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 10.47% return, which is significantly higher than FBLEX's 8.08% return. Over the past 10 years, MXEQX has outperformed FBLEX with an annualized return of 19.55%, while FBLEX has yielded a comparatively lower 11.86% annualized return.

MXEQX

• 1D: -0.31%
• 1M: 2.57%
• YTD: 10.47%
• 6M: 12.50%
• 1Y: 24.99%
• 3Y*: 18.40%
• 5Y*: 10.51%
• 10Y*: 19.55%

FBLEX

• 1D: -0.26%
• 1M: 0.80%
• YTD: 8.08%
• 6M: 9.32%
• 1Y: 22.54%
• 3Y*: 19.05%
• 5Y*: 11.40%
• 10Y*: 11.86%

*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	10.47%	16.92%	15.35%	12.28%	-5.50%	26.96%	2.91%	159.33%	-9.91%	15.41%
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	8.08%	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 0.89, 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	0.89
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 11, 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: 75
MXEQX Sharpe Ratio Rank: 75
MXEQX Sortino Ratio Rank: 74
MXEQX Omega Ratio Rank: 68
MXEQX Calmar Ratio Rank: 82
MXEQX Martin Ratio Rank: 76

FBLEX

FBLEX Risk / Return Rank: 58
FBLEX Sharpe Ratio Rank: 51
FBLEX Sortino Ratio Rank: 53
FBLEX Omega Ratio Rank: 49
FBLEX Calmar Ratio Rank: 70
FBLEX Martin Ratio Rank: 67

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.

	MXEQX	FBLEX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.11	+0.37
Sortino ratio: Return per unit of downside risk	3.53	3.04	+0.49
Omega ratio: Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio: Return relative to maximum drawdown	3.66	3.21	+0.45
Martin ratio: Return relative to average drawdown	13.92	13.00	+0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXEQX vs. FBLEX - Sharpe Ratio Comparison

The current MXEQX Sharpe Ratio is 2.47, which is comparable to the FBLEX Sharpe Ratio of 2.11. 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.

Sharpe Ratios by Period

	MXEQX	FBLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.11	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.77	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.68	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.73	-0.43

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	-0.31%	-0.46%	+0.15%
Average Drawdown Average peak-to-trough decline	-13.29%	-3.83%	-9.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.70%	+0.13%

Volatility

MXEQX vs. FBLEX - Volatility Comparison

The current volatility for Great-West Large Cap Value Fund (MXEQX) is 2.47%, while Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) has a volatility of 2.61%. This indicates that MXEQX experiences smaller price fluctuations and is considered to be less risky 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	2.47%	2.61%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	7.87%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	10.50%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	14.80%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.72%	17.39%	+20.33%

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 1.63%, less than FBLEX's 10.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBLEX Fidelity Series Stock Selector Large Cap Value Fund	10.28%	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	1.63%	1.80%	3.99%	2.17%	0.93%	2.87%	1.72%	2.89%	6.51%	4.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXEQX and FBLEX in my portfolio?

MXEQX and FBLEX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXEQX or FBLEX?

FBLEX has higher volatility (2.61%) compared to MXEQX (2.47%). 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 (2.47 vs 2.11), 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.