MXGMX vs. MXIHX
MXGMX (Great-West U.S. Government Securities Fund) and MXIHX (Great-West Inflation-Protected Securities Fund) are both mutual funds - MXGMX is a Government Bonds fund managed by Great-West Funds, while MXIHX is a Inflation-Protected Bonds fund managed by Great-West Funds. Over the past 5 years, MXGMX returned -0.31%/yr vs 1.80%/yr for MXIHX. A 0.73 correlation means they provide meaningful diversification when combined. MXGMX charges 0.60%/yr vs 0.70%/yr for MXIHX.
Performance
MXGMX vs. MXIHX - Performance Comparison
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Returns By Period
In the year-to-date period, MXGMX achieves a 0.27% return, which is significantly lower than MXIHX's 0.65% return.
MXGMX
- 1D
- 0.18%
- 1M
- 0.72%
- YTD
- 0.27%
- 6M
- 0.30%
- 1Y
- 3.98%
- 3Y*
- 3.29%
- 5Y*
- -0.31%
- 10Y*
- 0.75%
MXIHX
- 1D
- 0.22%
- 1M
- -0.00%
- YTD
- 0.65%
- 6M
- 0.76%
- 1Y
- 3.61%
- 3Y*
- 4.33%
- 5Y*
- 1.80%
- 10Y*
- —
MXGMX vs. MXIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MXGMX Great-West U.S. Government Securities Fund | 0.27% | 6.60% | 0.75% | 4.44% | -12.09% | -2.15% | 5.87% | 6.12% | 0.55% |
MXIHX Great-West Inflation-Protected Securities Fund | 0.65% | 6.75% | 2.80% | 4.76% | -8.95% | 4.96% | 7.36% | 6.35% | -1.22% |
Correlation
The correlation between MXGMX and MXIHX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2018 | 0.73 |
The correlation between MXGMX and MXIHX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
MXGMX vs. MXIHX — Risk / Return Rank
MXGMX
MXIHX
MXGMX vs. MXIHX - 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 Inflation-Protected Securities Fund (MXIHX). 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 | MXIHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.84 | -0.50 |
| Martin ratioReturn relative to average drawdown | 3.80 | 7.36 | -3.55 |
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Drawdowns
MXGMX vs. MXIHX - Drawdown Comparison
The maximum MXGMX drawdown since its inception was -18.63%, which is greater than MXIHX's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for MXGMX and MXIHX.
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Drawdown Indicators
| MXGMX | MXIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -11.51% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.04% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -2.86% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -11.51% | -5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -18.63% | — | — |
Current DrawdownCurrent decline from peak | -4.36% | -0.86% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -2.41% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.50% | +0.57% |
Volatility
MXGMX vs. MXIHX - Volatility Comparison
Great-West U.S. Government Securities Fund (MXGMX) and Great-West Inflation-Protected Securities Fund (MXIHX) have volatilities of 1.15% and 1.12%, 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 | MXIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.12% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.14% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 2.86% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 4.85% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.37% | +0.27% |
MXGMX vs. MXIHX - Expense Ratio Comparison
MXGMX has a 0.60% expense ratio, which is lower than MXIHX's 0.70% expense ratio.
Dividends
MXGMX vs. MXIHX - Dividend Comparison
MXGMX's dividend yield for the trailing twelve months is around 2.66%, less than MXIHX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXGMX Great-West U.S. Government Securities Fund | 2.66% | 2.67% | 2.73% | 2.37% | 1.48% | 2.21% | 0.94% | 1.53% | 1.88% | 0.90% |
MXIHX Great-West Inflation-Protected Securities Fund | 3.59% | 3.61% | 3.60% | 4.22% | 8.49% | 3.05% | 2.01% | 1.51% | 4.31% | 0.00% |
Frequently Asked Questions
MXGMX and MXIHX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXGMX has higher volatility (1.15%) compared to MXIHX (1.12%). In terms of maximum drawdown, MXGMX dropped -18.63% vs MXIHX's -11.51%.
MXIHX currently has the higher Sharpe Ratio (1.31 vs 1.08), 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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