MXEQX vs. HDCTX
MXEQX (Great-West Large Cap Value Fund) and HDCTX (Rational Equity Armor Fund) are both Large Cap Value Equities funds. Over the past 10 years, MXEQX returned 11.79%/yr vs 5.30%/yr for HDCTX. Their correlation of 0.81 suggests significant overlap in exposure. MXEQX charges 0.96%/yr vs 1.17%/yr for HDCTX.
Performance
MXEQX vs. HDCTX - Performance Comparison
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Returns By Period
In the year-to-date period, MXEQX achieves a 11.52% return, which is significantly higher than HDCTX's 8.19% return. Over the past 10 years, MXEQX has outperformed HDCTX with an annualized return of 11.79%, while HDCTX has yielded a comparatively lower 5.30% annualized return.
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%
HDCTX
- 1D
- -1.19%
- 1M
- -1.52%
- YTD
- 8.19%
- 6M
- 6.61%
- 1Y
- 16.75%
- 3Y*
- 14.35%
- 5Y*
- 6.94%
- 10Y*
- 5.30%
MXEQX vs. HDCTX - 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% |
HDCTX Rational Equity Armor Fund | 8.19% | 12.64% | 16.85% | 2.95% | -10.68% | 14.52% | 15.85% | 11.32% | -11.94% | -1.99% |
Correlation
The correlation between MXEQX and HDCTX is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2001 | 0.81 |
Over the past year, the correlation between MXEQX and HDCTX has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
MXEQX vs. HDCTX — Risk / Return Rank
MXEQX
HDCTX
MXEQX vs. HDCTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Large Cap Value Fund (MXEQX) and Rational Equity Armor Fund (HDCTX). 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 | HDCTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 2.59 | +1.02 |
| Martin ratioReturn relative to average drawdown | 13.70 | 6.70 | +7.00 |
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Drawdowns
MXEQX vs. HDCTX - Drawdown Comparison
The maximum MXEQX drawdown since its inception was -66.85%, which is greater than HDCTX's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for MXEQX and HDCTX.
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Drawdown Indicators
| MXEQX | HDCTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.85% | -59.05% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -6.95% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -11.74% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -18.22% | +1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -37.73% | -19.43% | -18.30% |
Current DrawdownCurrent decline from peak | -1.27% | -3.56% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -6.40% | -6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.68% | -0.85% |
Volatility
MXEQX vs. HDCTX - Volatility Comparison
Great-West Large Cap Value Fund (MXEQX) has a higher volatility of 3.70% compared to Rational Equity Armor Fund (HDCTX) at 2.96%. This indicates that MXEQX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXEQX | HDCTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 2.96% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 7.18% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 9.69% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 10.67% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 11.55% | +5.91% |
MXEQX vs. HDCTX - Expense Ratio Comparison
MXEQX has a 0.96% expense ratio, which is lower than HDCTX's 1.17% expense ratio.
Dividends
MXEQX vs. HDCTX - Dividend Comparison
MXEQX's dividend yield for the trailing twelve months is around 1.61%, more than HDCTX's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDCTX Rational Equity Armor Fund | 0.19% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
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
MXEQX and HDCTX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXEQX has higher volatility (3.70%) compared to HDCTX (2.96%). In terms of maximum drawdown, MXEQX dropped -66.85% vs HDCTX's -59.05%.
MXEQX currently has the higher Sharpe Ratio (2.36 vs 1.86), 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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