MXGBX vs. VTABX

Last updated Jun 25, 2026

MXGBX (Great-West Global Bond Fund) and VTABX (Vanguard Total International Bond Index Fund Admiral Shares) are both Global Bonds funds. Over the past 10 years, MXGBX returned 0.22%/yr vs 1.80%/yr for VTABX. At a 0.27 correlation, their price movements are largely independent. MXGBX charges 1.00%/yr vs 0.10%/yr for VTABX.

Performance

MXGBX vs. VTABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Global Bond Fund (MXGBX) and Vanguard Total International Bond Index Fund Admiral Shares (VTABX). 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 VTABX's 1.08% return. Over the past 10 years, MXGBX has underperformed VTABX with an annualized return of 0.22%, while VTABX has yielded a comparatively higher 1.80% 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%

VTABX

• 1D: 0.16%
• 1M: 1.07%
• YTD: 1.08%
• 6M: 1.24%
• 1Y: 2.22%
• 3Y*: 4.29%
• 5Y*: 0.46%
• 10Y*: 1.80%

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

MXGBX vs. VTABX - 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%
VTABX Vanguard Total International Bond Index Fund Admiral Shares	1.08%	2.96%	3.92%	8.77%	-12.92%	-2.22%	4.54%	8.83%	2.97%	2.39%

Correlation

The correlation between MXGBX and VTABX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 4, 2013	0.27

Over the past year, MXGBX and VTABX have become more correlated (0.67) than their long-term average of 0.27, meaning their price movements have been converging.

Return for Risk

MXGBX vs. VTABX — 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

VTABX

VTABX Risk / Return Rank: 9
VTABX Sharpe Ratio Rank: 10
VTABX Sortino Ratio Rank: 9
VTABX Omega Ratio Rank: 9
VTABX Calmar Ratio Rank: 9
VTABX Martin Ratio Rank: 8

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. VTABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Global Bond Fund (MXGBX) and Vanguard Total International Bond Index Fund Admiral Shares (VTABX). 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	VTABX	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	0.76	-0.79
Sortino ratio: Return per unit of downside risk	0.02	1.10	-1.08
Omega ratio: Gain probability vs. loss probability	1.00	1.14	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.04	0.80	-0.85
Martin ratio: Return relative to average drawdown	-0.16	2.18	-2.33

MXGBX vs. VTABX - Sharpe Ratio Comparison

The current MXGBX Sharpe Ratio is -0.03, which is lower than the VTABX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of MXGBX and VTABX, 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. VTABX - Drawdown Comparison

The maximum MXGBX drawdown since its inception was -45.02%, which is greater than VTABX's maximum drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for MXGBX and VTABX.

Drawdown Indicators

	MXGBX	VTABX	Difference
Max Drawdown Largest peak-to-trough decline	-45.02%	-16.16%	-28.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-2.90%	-3.90%
Max Drawdown (3Y) Largest decline over 3 years	-7.25%	-2.90%	-4.35%
Max Drawdown (5Y) Largest decline over 5 years	-24.16%	-15.81%	-8.35%
Max Drawdown (10Y) Largest decline over 10 years	-26.80%	-16.16%	-10.64%
Current Drawdown Current decline from peak	-34.38%	-0.79%	-33.59%
Average Drawdown Average peak-to-trough decline	-20.62%	-3.04%	-17.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.07%	+0.81%

Volatility

MXGBX vs. VTABX - Volatility Comparison

Great-West Global Bond Fund (MXGBX) has a higher volatility of 1.40% compared to Vanguard Total International Bond Index Fund Admiral Shares (VTABX) at 0.90%. This indicates that MXGBX's price experiences larger fluctuations and is considered to be riskier than VTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXGBX	VTABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	0.90%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	3.58%	2.63%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	3.07%	+6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.40%	4.45%	+2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.51%	3.61%	+2.90%

MXGBX vs. VTABX - Expense Ratio Comparison

MXGBX has a 1.00% expense ratio, which is higher than VTABX's 0.10% expense ratio.

Dividends

MXGBX vs. VTABX - Dividend Comparison

MXGBX's dividend yield for the trailing twelve months is around 3.13%, less than VTABX's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
VTABX Vanguard Total International Bond Index Fund Admiral Shares	4.44%	4.36%	4.33%	4.39%	1.48%	3.70%	1.08%	4.28%	3.00%	2.23%	1.80%	1.64%

Frequently Asked Questions

Can I hold both MXGBX and VTABX in my portfolio?

MXGBX and VTABX have a correlation of 0.67, 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 VTABX?

MXGBX has higher volatility (1.40%) compared to VTABX (0.90%). In terms of maximum drawdown, MXGBX dropped -45.02% vs VTABX's -16.16%.

Which has better risk-adjusted returns?

VTABX currently has the higher Sharpe Ratio (0.76 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.