MXGMX vs. FBLTX
MXGMX (Great-West U.S. Government Securities Fund) and FBLTX (Fidelity SAI Long-Term Treasury Bond Index Fund) are both Government Bonds funds. Over the past 10 years, MXGMX returned 0.64%/yr vs -2.52%/yr for FBLTX. Their correlation of 0.83 means they have usually moved in the same direction. MXGMX charges 0.60%/yr vs 0.03%/yr for FBLTX.
Performance
MXGMX vs. FBLTX - Performance Comparison
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Returns By Period
In the year-to-date period, MXGMX achieves a -0.54% return, which is significantly higher than FBLTX's -3.37% return. Over the past 10 years, MXGMX has outperformed FBLTX with an annualized return of 0.64%, while FBLTX has yielded a comparatively lower -2.52% annualized return.
MXGMX
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- -0.81%
- YTD
- -0.54%
- 1Y
- 2.67%
- 3Y*
- 3.18%
- 5Y*
- -0.63%
- 10Y*
- 0.64%
- ALL TIME*
- 0.25%
FBLTX
- 1D
- -0.16%
- 1M
- -3.63%
- 6M
- -3.28%
- YTD
- -3.37%
- 1Y
- -2.17%
- 3Y*
- -2.29%
- 5Y*
- -8.31%
- 10Y*
- -2.52%
- ALL TIME*
- -1.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MXGMX vs. FBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXGMX Great-West U.S. Government Securities Fund | -0.54% | 6.60% | 0.75% | 4.44% | -12.09% | -2.15% | 5.87% | 6.12% | 0.63% | 1.59% |
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | -3.37% | 4.39% | -8.05% | 2.71% | -31.84% | -4.89% | 18.27% | 14.36% | -1.24% | 9.06% |
Correlation
The correlation between MXGMX and FBLTX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2015 | 0.83 |
The correlation between MXGMX and FBLTX has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
MXGMX vs. FBLTX — Risk / Return Rank
MXGMX
FBLTX
MXGMX vs. FBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West U.S. Government Securities Fund (MXGMX) and Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX). 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.
| MXGMX | FBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.05 | +0.93 |
| Martin ratioReturn relative to average drawdown | 2.16 | -0.10 | +2.26 |
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Drawdowns
MXGMX vs. FBLTX - Drawdown Comparison
The maximum MXGMX drawdown since its inception was -18.63%, smaller than the maximum FBLTX drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for MXGMX and FBLTX.
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Drawdown Indicators
| MXGMX | FBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -49.06% | +30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -7.66% | +4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -14.75% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -44.19% | +27.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.63% | -49.06% | +30.43% |
Current DrawdownCurrent decline from peak | -5.13% | -42.95% | +37.82% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -21.28% | +15.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 3.54% | -2.29% |
Volatility
MXGMX vs. FBLTX - Volatility Comparison
The current volatility for Great-West U.S. Government Securities Fund (MXGMX) is 1.00%, while Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a volatility of 2.48%. This indicates that MXGMX experiences smaller price fluctuations and is considered to be less risky than FBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXGMX | FBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.48% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 6.79% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 9.26% | -5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 15.57% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 14.51% | -9.86% |
MXGMX vs. FBLTX - Expense Ratio Comparison
MXGMX has a 0.60% expense ratio, which is higher than FBLTX's 0.03% expense ratio.
Dividends
MXGMX vs. FBLTX - Dividend Comparison
MXGMX's dividend yield for the trailing twelve months is around 2.69%, less than FBLTX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.97% | 4.04% | 3.60% | 3.29% | 2.25% | 1.81% | 6.73% | 2.39% | 2.87% | 2.68% | 3.70% | 0.39% |
MXGMX Great-West U.S. Government Securities Fund | 2.69% | 2.67% | 2.73% | 2.37% | 1.48% | 2.21% | 0.94% | 1.53% | 1.88% | 0.90% | 0.00% | 0.00% |
Frequently Asked Questions
MXGMX and FBLTX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBLTX has higher volatility (2.48%) compared to MXGMX (1.00%). In terms of maximum drawdown, MXGMX dropped -18.63% vs FBLTX's -49.06%.
MXGMX currently has the higher Sharpe Ratio (0.73 vs -0.04), 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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