MXGMX vs. MXBIX
MXGMX (Great-West U.S. Government Securities Fund) and MXBIX (Great-West Bond Index Fund) are both mutual funds - MXGMX is a Government Bonds fund managed by Great-West, while MXBIX is a Intermediate Core Bond fund managed by Great-West. Over the past 10 years, MXGMX returned 0.64%/yr vs 0.75%/yr for MXBIX. Their correlation of 0.94 means they have usually moved in the same direction. MXGMX charges 0.60%/yr vs 0.50%/yr for MXBIX.
Performance
MXGMX vs. MXBIX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with MXGMX at -0.54% and MXBIX at -0.54%. Over the past 10 years, MXGMX has underperformed MXBIX with an annualized return of 0.64%, while MXBIX has yielded a comparatively higher 0.75% 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%
MXBIX
- 1D
- 0.08%
- 1M
- -0.92%
- 6M
- -0.77%
- YTD
- -0.54%
- 1Y
- 2.46%
- 3Y*
- 3.32%
- 5Y*
- -0.93%
- 10Y*
- 0.75%
- ALL TIME*
- 0.48%
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. MXBIX - 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% |
MXBIX Great-West Bond Index Fund | -0.54% | 6.62% | 0.82% | 5.02% | -13.69% | -2.33% | 7.10% | 8.09% | -0.26% | 2.56% |
Correlation
The correlation between MXGMX and MXBIX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2003 | 0.94 |
The correlation between MXGMX and MXBIX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
MXGMX vs. MXBIX — Risk / Return Rank
MXGMX
MXBIX
MXGMX vs. MXBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West U.S. Government Securities Fund (MXGMX) and Great-West Bond Index Fund (MXBIX). 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 | MXBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.90 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.16 | 2.17 | -0.01 |
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Drawdowns
MXGMX vs. MXBIX - Drawdown Comparison
The maximum MXGMX drawdown since its inception was -18.63%, smaller than the maximum MXBIX drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for MXGMX and MXBIX.
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Drawdown Indicators
| MXGMX | MXBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -19.74% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.87% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -5.14% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -18.70% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.63% | -19.74% | +1.11% |
Current DrawdownCurrent decline from peak | -5.13% | -6.06% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -5.88% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.18% | +0.07% |
Volatility
MXGMX vs. MXBIX - Volatility Comparison
Great-West U.S. Government Securities Fund (MXGMX) and Great-West Bond Index Fund (MXBIX) have volatilities of 1.00% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXGMX | MXBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.99% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.84% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.68% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 6.05% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 4.94% | -0.29% |
MXGMX vs. MXBIX - Expense Ratio Comparison
MXGMX has a 0.60% expense ratio, which is higher than MXBIX's 0.50% expense ratio.
Dividends
MXGMX vs. MXBIX - Dividend Comparison
MXGMX's dividend yield for the trailing twelve months is around 2.69%, less than MXBIX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | 2.79% | 2.78% | 2.42% | 1.98% | 1.32% | 1.51% | 2.83% | 1.06% | 1.33% | 0.70% |
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% |
Frequently Asked Questions
With a correlation of 0.96, MXGMX and MXBIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MXGMX has higher volatility (1.00%) compared to MXBIX (0.99%). In terms of maximum drawdown, MXGMX dropped -18.63% vs MXBIX's -19.74%.
MXGMX currently has the higher Sharpe Ratio (0.73 vs 0.70), 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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