MXGBX vs. GOBSX
MXGBX (Great-West Global Bond Fund) and GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) are both Global Bonds funds. Over the past 10 years, MXGBX returned -0.14%/yr vs 0.96%/yr for GOBSX. A 0.54 correlation means they provide meaningful diversification when combined. MXGBX charges 1.00%/yr vs 0.56%/yr for GOBSX.
Performance
MXGBX vs. GOBSX - Performance Comparison
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Returns By Period
In the year-to-date period, MXGBX achieves a -2.01% return, which is significantly lower than GOBSX's 1.99% return. Over the past 10 years, MXGBX has underperformed GOBSX with an annualized return of -0.14%, while GOBSX has yielded a comparatively higher 0.96% annualized return.
MXGBX
- 1D
- 0.29%
- 1M
- -1.01%
- 6M
- -2.01%
- YTD
- -2.01%
- 1Y
- 0.56%
- 3Y*
- 2.41%
- 5Y*
- -1.78%
- 10Y*
- -0.14%
GOBSX
- 1D
- 0.34%
- 1M
- -0.10%
- 6M
- 1.53%
- YTD
- 1.99%
- 1Y
- 4.84%
- 3Y*
- 1.99%
- 5Y*
- -1.58%
- 10Y*
- 0.96%
MXGBX vs. GOBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXGBX Great-West Global Bond Fund | -2.01% | 7.54% | -0.88% | 5.13% | -14.65% | -6.57% | 5.46% | 4.08% | -0.27% | 0.14% |
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 1.99% | 13.59% | -9.38% | 7.42% | -15.66% | -5.27% | 12.66% | 9.21% | -5.59% | 11.51% |
Correlation
The correlation between MXGBX and GOBSX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.54 |
Over the past year, MXGBX and GOBSX have become more correlated (0.82) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
MXGBX vs. GOBSX — Risk / Return Rank
MXGBX
GOBSX
MXGBX vs. GOBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Global Bond Fund (MXGBX) and BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX). 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.
| MXGBX | GOBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.12 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.86 | -0.84 |
| Martin ratioReturn relative to average drawdown | 0.07 | 2.32 | -2.26 |
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Drawdowns
MXGBX vs. GOBSX - Drawdown Comparison
The maximum MXGBX drawdown since its inception was -45.02%, which is greater than GOBSX's maximum drawdown of -29.04%. Use the drawdown chart below to compare losses from any high point for MXGBX and GOBSX.
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Drawdown Indicators
| MXGBX | GOBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -29.04% | -15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -5.10% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -7.25% | -13.81% | +6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -27.47% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -26.80% | -29.04% | +2.24% |
Current DrawdownCurrent decline from peak | -34.38% | -10.26% | -24.12% |
Average DrawdownAverage peak-to-trough decline | -20.65% | -6.73% | -13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.89% | +0.16% |
Volatility
MXGBX vs. GOBSX - Volatility Comparison
The current volatility for Great-West Global Bond Fund (MXGBX) is 1.19%, while BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) has a volatility of 1.35%. This indicates that MXGBX experiences smaller price fluctuations and is considered to be less risky than GOBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXGBX | GOBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.35% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 5.57% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 6.92% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 9.30% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 8.45% | -1.98% |
MXGBX vs. GOBSX - Expense Ratio Comparison
MXGBX has a 1.00% expense ratio, which is higher than GOBSX's 0.56% expense ratio.
Dividends
MXGBX vs. GOBSX - Dividend Comparison
MXGBX's dividend yield for the trailing twelve months is around 3.13%, less than GOBSX's 5.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 5.20% | 4.28% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.15% | 3.68% | 1.87% | 2.61% |
MXGBX Great-West Global Bond Fund | 3.13% | 3.07% | 2.69% | 0.84% | 1.28% | 0.07% | 1.05% | 3.82% | 3.04% | 0.14% | 0.00% | 0.00% |
Frequently Asked Questions
MXGBX and GOBSX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOBSX has higher volatility (1.35%) compared to MXGBX (1.19%). In terms of maximum drawdown, MXGBX dropped -45.02% vs GOBSX's -29.04%.
GOBSX currently has the higher Sharpe Ratio (0.63 vs 0.01), 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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