MXHYX vs. MXDPX

Last updated Jun 5, 2026

MXHYX (Great-West High Yield Bond Fund) and MXDPX (Great-West Moderately Conservative Profile Fund) are both mutual funds - MXHYX is a High Yield Bonds fund managed by Great-West, while MXDPX is a Diversified Portfolio fund managed by Great-West. Over the past 10 years, MXHYX returned 4.87%/yr vs 5.30%/yr for MXDPX. A 0.53 correlation means they provide meaningful diversification when combined. MXHYX charges 1.08%/yr vs 0.37%/yr for MXDPX.

Performance

MXHYX vs. MXDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West High Yield Bond Fund (MXHYX) and Great-West Moderately Conservative Profile Fund (MXDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXHYX achieves a 5.93% return, which is significantly higher than MXDPX's 5.01% return. Over the past 10 years, MXHYX has underperformed MXDPX with an annualized return of 4.87%, while MXDPX has yielded a comparatively higher 5.30% annualized return.

MXHYX

• 1D: -0.35%
• 1M: 1.18%
• YTD: 5.93%
• 6M: 6.25%
• 1Y: 11.82%
• 3Y*: 10.08%
• 5Y*: 4.42%
• 10Y*: 4.87%

MXDPX

• 1D: -0.34%
• 1M: 1.03%
• YTD: 5.01%
• 6M: 5.39%
• 1Y: 11.51%
• 3Y*: 9.29%
• 5Y*: 4.08%
• 10Y*: 5.30%

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

MXHYX vs. MXDPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXHYX Great-West High Yield Bond Fund	5.93%	8.95%	7.64%	11.14%	-11.80%	3.65%	10.77%	14.40%	-3.79%	3.63%
MXDPX Great-West Moderately Conservative Profile Fund	5.01%	10.02%	6.17%	10.19%	-11.44%	9.24%	9.30%	14.91%	-5.19%	8.25%

Correlation

The correlation between MXHYX and MXDPX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 4, 2003	0.53

The correlation between MXHYX and MXDPX shifts across timeframes, from 0.53 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MXHYX vs. MXDPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXHYX

MXHYX Risk / Return Rank: 85
MXHYX Sharpe Ratio Rank: 83
MXHYX Sortino Ratio Rank: 82
MXHYX Omega Ratio Rank: 82
MXHYX Calmar Ratio Rank: 86
MXHYX Martin Ratio Rank: 91

MXDPX

MXDPX Risk / Return Rank: 40
MXDPX Sharpe Ratio Rank: 35
MXDPX Sortino Ratio Rank: 36
MXDPX Omega Ratio Rank: 43
MXDPX Calmar Ratio Rank: 42
MXDPX Martin Ratio Rank: 42

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.

MXHYX vs. MXDPX - 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 Moderately Conservative Profile Fund (MXDPX). 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.

	MXHYX	MXDPX	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.67	+0.98
Sortino ratio: Return per unit of downside risk	3.88	2.45	+1.43
Omega ratio: Gain probability vs. loss probability	1.54	1.35	+0.19
Calmar ratio: Return relative to maximum drawdown	4.04	2.39	+1.65
Martin ratio: Return relative to average drawdown	17.99	8.78	+9.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXHYX vs. MXDPX - Sharpe Ratio Comparison

The current MXHYX Sharpe Ratio is 2.66, which is higher than the MXDPX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of MXHYX and MXDPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MXHYX	MXDPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	1.67	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.45	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.60	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.15	+0.01

Drawdowns

MXHYX vs. MXDPX - Drawdown Comparison

The maximum MXHYX drawdown since its inception was -53.32%, which is greater than MXDPX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for MXHYX and MXDPX.

Drawdown Indicators

	MXHYX	MXDPX	Difference
Max Drawdown Largest peak-to-trough decline	-53.32%	-39.33%	-13.99%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	-4.94%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-5.28%	-7.03%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-16.23%	-20.55%	+4.32%
Max Drawdown (10Y) Largest decline over 10 years	-21.28%	-20.55%	-0.73%
Current Drawdown Current decline from peak	-0.35%	-0.34%	-0.01%
Average Drawdown Average peak-to-trough decline	-16.49%	-13.94%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	1.34%	-0.65%

Volatility

MXHYX vs. MXDPX - Volatility Comparison

Great-West High Yield Bond Fund (MXHYX) and Great-West Moderately Conservative Profile Fund (MXDPX) have volatilities of 1.83% and 1.92%, 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.

Volatility by Period

	MXHYX	MXDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.92%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.93%	4.72%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	7.06%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	9.05%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.20%	8.89%	-2.69%

MXHYX vs. MXDPX - Expense Ratio Comparison

MXHYX has a 1.08% expense ratio, which is higher than MXDPX's 0.37% expense ratio.

Dividends

MXHYX vs. MXDPX - Dividend Comparison

MXHYX's dividend yield for the trailing twelve months is around 4.39%, less than MXDPX's 5.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXDPX Great-West Moderately Conservative Profile Fund	5.02%	5.27%	4.86%	5.29%	6.69%	6.84%	2.38%	7.36%	7.84%	2.90%
MXHYX Great-West High Yield Bond Fund	4.39%	4.65%	4.19%	5.45%	3.46%	3.14%	3.66%	5.37%	8.16%	3.37%

Frequently Asked Questions

Can I hold both MXHYX and MXDPX in my portfolio?

MXHYX and MXDPX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXHYX or MXDPX?

MXDPX has higher volatility (1.92%) compared to MXHYX (1.83%). In terms of maximum drawdown, MXHYX dropped -53.32% vs MXDPX's -39.33%.

Which has better risk-adjusted returns?

MXHYX currently has the higher Sharpe Ratio (2.66 vs 1.67), 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.