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 0.84%/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
Loading charts...
Returns By Period
In the year-to-date period, MXGBX achieves a -2.30% return, which is significantly lower than MXBIX's -0.15% return. Over the past 10 years, MXGBX has underperformed MXBIX with an annualized return of -0.17%, while MXBIX has yielded a comparatively higher 0.84% 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
- 0.23%
- 1M
- -0.54%
- 6M
- -0.61%
- YTD
- -0.15%
- 1Y
- 3.73%
- 3Y*
- 3.32%
- 5Y*
- -0.78%
- 10Y*
- 0.84%
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 | -0.15% | 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 0.71, 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 | 0.71 |
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 (0.71) than their long-term average of 0.19, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.25 | -1.36 |
| Martin ratioReturn relative to average drawdown | -0.36 | 3.29 | -3.65 |
Loading charts...
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.
Loading charts...
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% | -5.70% | -28.87% |
Average DrawdownAverage peak-to-trough decline | -20.64% | -5.88% | -14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.08% | +0.97% |
Volatility
MXGBX vs. MXBIX - Volatility Comparison
Great-West Global Bond Fund (MXGBX) has a higher volatility of 1.24% compared to Great-West Bond Index Fund (MXBIX) at 1.14%. This indicates that MXGBX's price experiences larger fluctuations and is considered to be riskier than MXBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXGBX | MXBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.14% | +0.10% |
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 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | 2.78% | 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 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXGBX has higher volatility (1.24%) compared to MXBIX (1.14%). In terms of maximum drawdown, MXGBX dropped -45.02% vs MXBIX's -19.74%.
MXBIX currently has the higher Sharpe Ratio (0.96 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.
Find the right allocation for MXGBX and MXBIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer