MXHYX vs. MXCPX
MXHYX (Great-West High Yield Bond Fund) and MXCPX (Great-West Conservative Profile Fund) are both mutual funds - MXHYX is a High Yield Bonds fund managed by Great-West, while MXCPX is a Diversified Portfolio fund managed by Great-West. Over the past 10 years, MXHYX returned 4.85%/yr vs 4.00%/yr for MXCPX. A 0.54 correlation means they provide meaningful diversification when combined. MXHYX charges 1.08%/yr vs 0.37%/yr for MXCPX.
Performance
MXHYX vs. MXCPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXHYX achieves a 6.30% return, which is significantly higher than MXCPX's 4.12% return. Over the past 10 years, MXHYX has outperformed MXCPX with an annualized return of 4.85%, while MXCPX has yielded a comparatively lower 4.00% annualized return.
MXHYX
- 1D
- 0.35%
- 1M
- 1.41%
- YTD
- 6.30%
- 6M
- 6.12%
- 1Y
- 12.07%
- 3Y*
- 9.87%
- 5Y*
- 4.37%
- 10Y*
- 4.85%
MXCPX
- 1D
- 0.25%
- 1M
- 0.87%
- YTD
- 4.12%
- 6M
- 3.97%
- 1Y
- 9.26%
- 3Y*
- 7.28%
- 5Y*
- 3.33%
- 10Y*
- 4.00%
MXHYX vs. MXCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXHYX Great-West High Yield Bond Fund | 6.30% | 8.95% | 7.64% | 11.14% | -11.80% | 3.65% | 10.77% | 14.40% | -3.79% | 3.63% |
MXCPX Great-West Conservative Profile Fund | 4.12% | 8.19% | 4.95% | 8.41% | -10.33% | 6.35% | 8.07% | 11.40% | -3.95% | 5.94% |
Correlation
The correlation between MXHYX and MXCPX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2003 | 0.54 |
The correlation between MXHYX and MXCPX shifts across timeframes, from 0.54 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MXHYX vs. MXCPX — Risk / Return Rank
MXHYX
MXCPX
MXHYX vs. MXCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West High Yield Bond Fund (MXHYX) and Great-West Conservative Profile Fund (MXCPX). 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.
| MXHYX | MXCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.40 | +1.60 |
| Martin ratioReturn relative to average drawdown | 17.17 | 10.07 | +7.10 |
Loading charts...
Drawdowns
MXHYX vs. MXCPX - Drawdown Comparison
The maximum MXHYX drawdown since its inception was -53.32%, which is greater than MXCPX's maximum drawdown of -35.02%. Use the drawdown chart below to compare losses from any high point for MXHYX and MXCPX.
Loading charts...
Drawdown Indicators
| MXHYX | MXCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.32% | -35.02% | -18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.88% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -5.57% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -17.81% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | -17.81% | -3.47% |
Current DrawdownCurrent decline from peak | -0.00% | -0.25% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -12.51% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.92% | -0.20% |
Volatility
MXHYX vs. MXCPX - Volatility Comparison
Great-West High Yield Bond Fund (MXHYX) has a higher volatility of 2.01% compared to Great-West Conservative Profile Fund (MXCPX) at 1.70%. This indicates that MXHYX's price experiences larger fluctuations and is considered to be riskier than MXCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXHYX | MXCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 1.70% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 3.90% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 4.74% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 6.74% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 6.53% | -0.31% |
MXHYX vs. MXCPX - Expense Ratio Comparison
MXHYX has a 1.08% expense ratio, which is higher than MXCPX's 0.37% expense ratio.
Dividends
MXHYX vs. MXCPX - Dividend Comparison
MXHYX's dividend yield for the trailing twelve months is around 4.38%, more than MXCPX's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXCPX Great-West Conservative Profile Fund | 3.32% | 3.45% | 4.53% | 4.17% | 5.70% | 5.20% | 2.46% | 5.62% | 5.53% | 2.70% |
MXHYX Great-West High Yield Bond Fund | 4.38% | 4.65% | 4.19% | 5.45% | 3.46% | 3.14% | 3.66% | 5.37% | 8.16% | 3.37% |
Frequently Asked Questions
MXHYX and MXCPX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXHYX has higher volatility (2.01%) compared to MXCPX (1.70%). In terms of maximum drawdown, MXHYX dropped -53.32% vs MXCPX's -35.02%.
MXHYX currently has the higher Sharpe Ratio (2.49 vs 1.96), 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.
Find the right allocation for MXHYX and MXCPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer