MXGBX vs. MXCPX
MXGBX (Great-West Global Bond Fund) and MXCPX (Great-West Conservative Profile Fund) are both mutual funds - MXGBX is a Global Bonds fund managed by Great-West, while MXCPX is a Diversified Portfolio fund managed by Great-West. Over the past 10 years, MXGBX returned -0.17%/yr vs 3.92%/yr for MXCPX. At a 0.40 correlation, their price movements are largely independent. MXGBX charges 1.00%/yr vs 0.37%/yr for MXCPX.
Performance
MXGBX vs. MXCPX - 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 MXCPX's 4.12% return. Over the past 10 years, MXGBX has underperformed MXCPX with an annualized return of -0.17%, while MXCPX has yielded a comparatively higher 3.92% 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%
MXCPX
- 1D
- 0.12%
- 1M
- -0.25%
- 6M
- 2.93%
- YTD
- 4.12%
- 1Y
- 8.41%
- 3Y*
- 6.93%
- 5Y*
- 3.13%
- 10Y*
- 3.92%
MXGBX vs. MXCPX - 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% |
MXCPX Great-West Conservative Profile Fund | 4.12% | 8.19% | 4.95% | 8.41% | -10.33% | 6.35% | 8.07% | 11.40% | -3.95% | 5.94% |
Correlation
The correlation between MXGBX and MXCPX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1999 | 0.40 |
Over the past year, MXGBX and MXCPX have become more correlated (0.64) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
MXGBX vs. MXCPX — Risk / Return Rank
MXGBX
MXCPX
MXGBX vs. MXCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Global Bond Fund (MXGBX) and Great-West Conservative Profile Fund (MXCPX). 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 | MXCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.07 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.36 | 8.67 | -9.03 |
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Drawdowns
MXGBX vs. MXCPX - Drawdown Comparison
The maximum MXGBX drawdown since its inception was -45.02%, which is greater than MXCPX's maximum drawdown of -35.02%. Use the drawdown chart below to compare losses from any high point for MXGBX and MXCPX.
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Drawdown Indicators
| MXGBX | MXCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -35.02% | -10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -3.88% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -7.25% | -5.57% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.16% | -17.81% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -26.80% | -17.81% | -8.99% |
Current DrawdownCurrent decline from peak | -34.57% | -0.49% | -34.08% |
Average DrawdownAverage peak-to-trough decline | -20.64% | -12.48% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.92% | +1.13% |
Volatility
MXGBX vs. MXCPX - Volatility Comparison
Great-West Global Bond Fund (MXGBX) has a higher volatility of 1.24% compared to Great-West Conservative Profile Fund (MXCPX) at 1.12%. This indicates that MXGBX's price experiences larger fluctuations and is considered to be riskier than MXCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXGBX | MXCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.12% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.93% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 4.77% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 6.75% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.46% | 6.50% | -0.04% |
MXGBX vs. MXCPX - Expense Ratio Comparison
MXGBX has a 1.00% expense ratio, which is higher than MXCPX's 0.37% expense ratio.
Dividends
MXGBX vs. MXCPX - Dividend Comparison
MXGBX's dividend yield for the trailing twelve months is around 3.14%, less than MXCPX's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXCPX Great-West Conservative Profile Fund | 3.32% | 3.45% | 4.53% | 4.17% | 5.70% | 5.20% | 2.46% | 5.62% | 5.53% | 2.70% |
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 MXCPX have a correlation of 0.64, 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 MXCPX (1.12%). In terms of maximum drawdown, MXGBX dropped -45.02% vs MXCPX's -35.02%.
MXCPX currently has the higher Sharpe Ratio (1.68 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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