MXGBX vs. MXLGX

Last updated Jun 25, 2026

MXGBX (Great-West Global Bond Fund) and MXLGX (Great-West Large Cap Growth Fund) are both mutual funds - MXGBX is a Global Bonds fund managed by Great-West, while MXLGX is a Large Cap Growth Equities fund managed by Great-West. Over the past 10 years, MXGBX returned 0.22%/yr vs 16.39%/yr for MXLGX. At a 0.30 correlation, their price movements are largely independent. Both charge a 1.00% expense ratio.

Performance

MXGBX vs. MXLGX - Performance Comparison

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

Returns By Period

In the year-to-date period, MXGBX achieves a -2.01% return, which is significantly lower than MXLGX's 2.40% return. Over the past 10 years, MXGBX has underperformed MXLGX with an annualized return of 0.22%, while MXLGX has yielded a comparatively higher 16.39% annualized 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%

MXLGX

• 1D: -2.38%
• 1M: -1.75%
• YTD: 2.40%
• 6M: 0.93%
• 1Y: 11.89%
• 3Y*: 18.00%
• 5Y*: 10.46%
• 10Y*: 16.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MXGBX vs. MXLGX - 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%
MXLGX Great-West Large Cap Growth Fund	2.40%	13.93%	25.30%	33.43%	-34.08%	41.30%	40.72%	36.20%	-0.47%	28.82%

Correlation

The correlation between MXGBX and MXLGX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 27, 2003	0.30

The correlation between MXGBX and MXLGX shifts across timeframes, from 0.24 (10 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MXGBX vs. MXLGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXGBX

MXGBX Risk / Return Rank: 3
MXGBX Sharpe Ratio Rank: 3
MXGBX Sortino Ratio Rank: 3
MXGBX Omega Ratio Rank: 3
MXGBX Calmar Ratio Rank: 3
MXGBX Martin Ratio Rank: 3

MXLGX

MXLGX Risk / Return Rank: 14
MXLGX Sharpe Ratio Rank: 15
MXLGX Sortino Ratio Rank: 15
MXLGX Omega Ratio Rank: 15
MXLGX Calmar Ratio Rank: 12
MXLGX Martin Ratio Rank: 12

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. MXLGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Global Bond Fund (MXGBX) and Great-West Large Cap Growth Fund (MXLGX). 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	MXLGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	0.94	-0.97
Sortino ratio: Return per unit of downside risk	0.02	1.35	-1.33
Omega ratio: Gain probability vs. loss probability	1.00	1.17	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.04	0.96	-1.00
Martin ratio: Return relative to average drawdown	-0.16	2.96	-3.12

MXGBX vs. MXLGX - Sharpe Ratio Comparison

The current MXGBX Sharpe Ratio is -0.03, which is lower than the MXLGX Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of MXGBX and MXLGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXGBX vs. MXLGX - Drawdown Comparison

The maximum MXGBX drawdown since its inception was -45.02%, smaller than the maximum MXLGX drawdown of -62.98%. Use the drawdown chart below to compare losses from any high point for MXGBX and MXLGX.

Drawdown Indicators

	MXGBX	MXLGX	Difference
Max Drawdown Largest peak-to-trough decline	-45.02%	-62.98%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-14.95%	+8.15%
Max Drawdown (3Y) Largest decline over 3 years	-7.25%	-20.74%	+13.49%
Max Drawdown (5Y) Largest decline over 5 years	-24.16%	-38.07%	+13.91%
Max Drawdown (10Y) Largest decline over 10 years	-26.80%	-38.07%	+11.27%
Current Drawdown Current decline from peak	-34.38%	-3.44%	-30.94%
Average Drawdown Average peak-to-trough decline	-20.62%	-25.76%	+5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	4.75%	-2.87%

Volatility

MXGBX vs. MXLGX - Volatility Comparison

The current volatility for Great-West Global Bond Fund (MXGBX) is 1.40%, while Great-West Large Cap Growth Fund (MXLGX) has a volatility of 6.25%. This indicates that MXGBX experiences smaller price fluctuations and is considered to be less risky than MXLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXGBX	MXLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	6.25%	-4.85%
Volatility (6M) Calculated over the trailing 6-month period	3.58%	11.82%	-8.24%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	15.22%	-5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.40%	21.97%	-14.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.51%	23.50%	-16.99%

MXGBX vs. MXLGX - Expense Ratio Comparison

Both MXGBX and MXLGX have an expense ratio of 1.00%.

Dividends

MXGBX vs. MXLGX - Dividend Comparison

MXGBX's dividend yield for the trailing twelve months is around 3.13%, less than MXLGX's 12.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
MXLGX Great-West Large Cap Growth Fund	12.60%	12.90%	9.72%	2.95%	9.29%	21.33%	30.57%	17.96%	25.47%	5.25%

Frequently Asked Questions

Can I hold both MXGBX and MXLGX in my portfolio?

MXGBX and MXLGX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXGBX or MXLGX?

MXLGX has higher volatility (6.25%) compared to MXGBX (1.40%). In terms of maximum drawdown, MXGBX dropped -45.02% vs MXLGX's -62.98%.

Which has better risk-adjusted returns?

MXLGX currently has the higher Sharpe Ratio (0.94 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.