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MXGBX vs. MXEOX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MXGBX vs. MXEOX

Last updated Jun 25, 2026

MXGBX (Great-West Global Bond Fund) and MXEOX (Great-West Emerging Markets Equity Fund) are both mutual funds - MXGBX is a Global Bonds fund managed by Great-West, while MXEOX is a Emerging Markets Diversified fund managed by Great-West. Over the past 5 years, MXGBX returned -1.71%/yr vs 7.14%/yr for MXEOX. At a 0.29 correlation, their price movements are largely independent. MXGBX charges 1.00%/yr vs 1.23%/yr for MXEOX.

Performance

MXGBX vs. MXEOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Global Bond Fund (MXGBX) and Great-West Emerging Markets Equity Fund (MXEOX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MXGBX achieves a -2.01% return, which is significantly lower than MXEOX's 26.28% return.

MXGBX

1D
0.00%
1M
-0.44%
YTD
-2.01%
6M
-2.17%
1Y
-0.71%
3Y*
2.92%
5Y*
-1.71%
10Y*
0.22%

MXEOX

1D
-5.65%
1M
1.97%
YTD
26.28%
6M
27.07%
1Y
46.77%
3Y*
24.36%
5Y*
7.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MXGBX vs. MXEOX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MXGBX
Great-West Global Bond Fund		-2.01%7.54%-0.88%5.13%-14.65%-6.57%5.46%4.08%-1.57%
MXEOX
Great-West Emerging Markets Equity Fund		26.28%32.78%9.84%9.67%-22.34%-3.49%18.39%21.67%-21.34%

Correlation

The correlation between MXGBX and MXEOX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2018

0.29

Compare stocks, funds, or ETFs

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Great-West Global Bond Fund

Great-West Emerging Markets Equity Fund

Often compared with MXGBX:
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Often compared with MXEOX:
MXEOX vs. VIPSXMXEOX vs. MXMVXMXEOX vs. VEMAXMXEOX vs. MXLSXMXEOX vs. MXIVXMXEOX vs. MXINXMXEOX vs. MXMDX

Return for Risk

MXGBX vs. MXEOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MXGBX
MXGBX Risk / Return Rank: 33
Overall Rank
MXGBX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
MXGBX Sortino Ratio Rank: 33
Sortino Ratio Rank
MXGBX Omega Ratio Rank: 33
Omega Ratio Rank
MXGBX Calmar Ratio Rank: 33
Calmar Ratio Rank
MXGBX Martin Ratio Rank: 33
Martin Ratio Rank
MXEOX
MXEOX Risk / Return Rank: 7979
Overall Rank
MXEOX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
MXEOX Sortino Ratio Rank: 6363
Sortino Ratio Rank
MXEOX Omega Ratio Rank: 8080
Omega Ratio Rank
MXEOX Calmar Ratio Rank: 8686
Calmar Ratio Rank
MXEOX Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXGBX vs. MXEOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Global Bond Fund (MXGBX) and Great-West Emerging Markets Equity Fund (MXEOX). 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.

MXGBXMXEOXDifference
Sharpe ratioReturn per unit of total volatility
-0.03
2.44

-2.47

Sortino ratioReturn per unit of downside risk
0.02
2.95

-2.92

Omega ratioGain probability vs. loss probability

1.00

1.47

-0.46

Calmar ratioReturn relative to maximum drawdown

-0.04

3.79

-3.84

Martin ratioReturn relative to average drawdown

-0.16

14.22

-14.37

MXGBX vs. MXEOX - Sharpe Ratio Comparison

The current MXGBX Sharpe Ratio is -0.03, which is lower than the MXEOX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of MXGBX and MXEOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MXGBX vs. MXEOX - Drawdown Comparison

The maximum MXGBX drawdown since its inception was -45.02%, which is greater than MXEOX's maximum drawdown of -41.05%. Use the drawdown chart below to compare losses from any high point for MXGBX and MXEOX.

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Drawdown Indicators

MXGBXMXEOXDifference

Max Drawdown

Largest peak-to-trough decline

-45.02%

-41.05%

-3.97%

Max Drawdown (1Y)

Largest decline over 1 year

-6.80%

-13.95%

+7.15%

Max Drawdown (3Y)

Largest decline over 3 years

-7.25%

-17.25%

+10.00%

Max Drawdown (5Y)

Largest decline over 5 years

-24.16%

-38.36%

+14.20%

Max Drawdown (10Y)

Largest decline over 10 years

-26.80%

—

—

Current Drawdown

Current decline from peak

-34.38%

-5.65%

-28.73%

Average Drawdown

Average peak-to-trough decline

-20.62%

-17.09%

-3.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

3.67%

-1.79%

Volatility

MXGBX vs. MXEOX - Volatility Comparison

The current volatility for Great-West Global Bond Fund (MXGBX) is 1.40%, while Great-West Emerging Markets Equity Fund (MXEOX) has a volatility of 12.48%. This indicates that MXGBX experiences smaller price fluctuations and is considered to be less risky than MXEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MXGBXMXEOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.40%

12.48%

-11.08%

Volatility (6M)

Calculated over the trailing 6-month period

3.58%

19.53%

-15.95%

Volatility (1Y)

Calculated over the trailing 1-year period

9.51%

21.71%

-12.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.40%

18.39%

-10.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.51%

19.45%

-12.94%

MXGBX vs. MXEOX - Expense Ratio Comparison

MXGBX has a 1.00% expense ratio, which is lower than MXEOX's 1.23% expense ratio.

Dividends

MXGBX vs. MXEOX - Dividend Comparison

MXGBX's dividend yield for the trailing twelve months is around 3.13%, more than MXEOX's 0.79% yield.

PositionTTM202520242023202220212020201920182017
MXEOX
Great-West Emerging Markets Equity Fund		0.79%1.00%1.36%2.01%1.61%3.42%1.85%0.94%1.00%0.00%
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%

Frequently Asked Questions

MXGBX and MXEOX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MXEOX has higher volatility (12.48%) compared to MXGBX (1.40%). In terms of maximum drawdown, MXGBX dropped -45.02% vs MXEOX's -41.05%.

MXEOX currently has the higher Sharpe Ratio (2.44 vs -0.03), 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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