MXGBX vs. MXBIX
MXGBX (Great-West Global Bond Fund) and MXBIX (Great-West Bond Index Fund) are both mutual funds - MXGBX is a Global Bonds fund managed by Great-West, while MXBIX is a Intermediate Core Bond fund managed by Great-West. Over the past 10 years, MXGBX returned -0.17%/yr vs 0.82%/yr for MXBIX. At a 0.19 correlation, their price movements are largely independent. MXGBX charges 1.00%/yr vs 0.50%/yr for MXBIX.
Performance
MXGBX vs. MXBIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXGBX achieves a -2.30% return, which is significantly lower than MXBIX's -0.38% return. Over the past 10 years, MXGBX has underperformed MXBIX with an annualized return of -0.17%, while MXBIX has yielded a comparatively higher 0.82% annualized return.
MXGBX
- 1D
- -0.29%
- 1M
- -1.16%
- 6M
- -2.16%
- YTD
- -2.30%
- 1Y
- -0.16%
- 3Y*
- 2.31%
- 5Y*
- -1.81%
- 10Y*
- -0.17%
MXBIX
- 1D
- -0.31%
- 1M
- -0.61%
- 6M
- -0.69%
- YTD
- -0.38%
- 1Y
- 3.25%
- 3Y*
- 3.24%
- 5Y*
- -0.78%
- 10Y*
- 0.82%
MXGBX vs. MXBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXGBX Great-West Global Bond Fund | -2.30% | 7.54% | -0.88% | 5.13% | -14.65% | -6.57% | 5.46% | 4.08% | -0.27% | 0.14% |
MXBIX Great-West Bond Index Fund | -0.38% | 6.62% | 0.82% | 5.02% | -13.69% | -2.33% | 7.10% | 8.09% | -0.26% | 2.56% |
Correlation
The correlation between MXGBX and MXBIX is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1999 | 0.19 |
Over the past year, MXGBX and MXBIX have become more correlated (0.72) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
MXGBX vs. MXBIX — Risk / Return Rank
MXGBX
MXBIX
MXGBX vs. MXBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Global Bond Fund (MXGBX) and Great-West Bond Index Fund (MXBIX). 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 | MXBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.13 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.99 | -1.10 |
| Martin ratioReturn relative to average drawdown | -0.36 | 2.63 | -2.99 |
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Drawdowns
MXGBX vs. MXBIX - Drawdown Comparison
The maximum MXGBX drawdown since its inception was -45.02%, which is greater than MXBIX's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for MXGBX and MXBIX.
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Drawdown Indicators
| MXGBX | MXBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -19.74% | -25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -2.87% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -7.25% | -6.35% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -18.70% | -5.46% |
Max Drawdown (10Y)Largest decline over 10 years | -26.80% | -19.74% | -7.06% |
Current DrawdownCurrent decline from peak | -34.57% | -5.92% | -28.65% |
Average DrawdownAverage peak-to-trough decline | -20.64% | -5.88% | -14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.07% | +0.98% |
Volatility
MXGBX vs. MXBIX - Volatility Comparison
Great-West Global Bond Fund (MXGBX) and Great-West Bond Index Fund (MXBIX) have volatilities of 1.24% and 1.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXGBX | MXBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.25% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 2.80% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 3.74% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.05% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.46% | 4.94% | +1.52% |
MXGBX vs. MXBIX - Expense Ratio Comparison
MXGBX has a 1.00% expense ratio, which is higher than MXBIX's 0.50% expense ratio.
Dividends
MXGBX vs. MXBIX - Dividend Comparison
MXGBX's dividend yield for the trailing twelve months is around 3.14%, more than MXBIX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | 2.79% | 2.78% | 2.42% | 1.98% | 1.32% | 1.51% | 2.83% | 1.06% | 1.33% | 0.70% |
MXGBX Great-West Global Bond Fund | 3.14% | 3.07% | 2.69% | 0.84% | 1.28% | 0.07% | 1.05% | 3.82% | 3.04% | 0.14% |
Frequently Asked Questions
MXGBX and MXBIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXBIX has higher volatility (1.25%) compared to MXGBX (1.24%). In terms of maximum drawdown, MXGBX dropped -45.02% vs MXBIX's -19.74%.
MXBIX currently has the higher Sharpe Ratio (0.76 vs -0.08), 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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