MXHYX vs. MXMDX
MXHYX (Great-West High Yield Bond Fund) and MXMDX (Great-West S&P Mid Cap 400 Index Fund) are both mutual funds - MXHYX is a High Yield Bonds fund managed by Great-West, while MXMDX is a Mid Cap Blend Equities fund managed by Great-West. Over the past 10 years, MXHYX returned 5.18%/yr vs 10.56%/yr for MXMDX. A 0.59 correlation means they provide meaningful diversification when combined. MXHYX charges 1.08%/yr vs 0.55%/yr for MXMDX.
Performance
MXHYX vs. MXMDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MXHYX achieves a 5.56% return, which is significantly lower than MXMDX's 15.05% return. Over the past 10 years, MXHYX has underperformed MXMDX with an annualized return of 5.18%, while MXMDX has yielded a comparatively higher 10.56% annualized return.
MXHYX
- 1D
- -0.12%
- 1M
- 0.23%
- YTD
- 5.56%
- 6M
- 5.38%
- 1Y
- 10.46%
- 3Y*
- 9.88%
- 5Y*
- 4.08%
- 10Y*
- 5.18%
MXMDX
- 1D
- 0.58%
- 1M
- 1.72%
- YTD
- 15.05%
- 6M
- 12.71%
- 1Y
- 25.07%
- 3Y*
- 15.72%
- 5Y*
- 7.82%
- 10Y*
- 10.56%
MXHYX vs. MXMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXHYX Great-West High Yield Bond Fund | 5.56% | 8.95% | 7.64% | 11.14% | -11.80% | 3.65% | 10.77% | 14.40% | -3.79% | 3.63% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 15.05% | 6.90% | 13.23% | 15.75% | -13.60% | 24.25% | 12.84% | 25.48% | -12.02% | 15.01% |
Correlation
The correlation between MXHYX and MXMDX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2011 | 0.59 |
The correlation between MXHYX and MXMDX shifts across timeframes, from 0.59 (all time) to 0.75 (1 year), 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. MXMDX — Risk / Return Rank
MXHYX
MXMDX
MXHYX vs. MXMDX - 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 S&P Mid Cap 400 Index Fund (MXMDX). 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 | MXMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.81 | +0.64 |
| Martin ratioReturn relative to average drawdown | 14.80 | 10.11 | +4.70 |
Loading charts...
Drawdowns
MXHYX vs. MXMDX - Drawdown Comparison
The maximum MXHYX drawdown since its inception was -53.32%, which is greater than MXMDX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for MXHYX and MXMDX.
Loading charts...
Drawdown Indicators
| MXHYX | MXMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.32% | -41.80% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -8.87% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -24.15% | +18.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -24.15% | +7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | -41.80% | +20.52% |
Current DrawdownCurrent decline from peak | -0.70% | -0.49% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -16.45% | -5.93% | -10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 2.43% | -1.71% |
Volatility
MXHYX vs. MXMDX - Volatility Comparison
The current volatility for Great-West High Yield Bond Fund (MXHYX) is 1.99%, while Great-West S&P Mid Cap 400 Index Fund (MXMDX) has a volatility of 4.70%. This indicates that MXHYX experiences smaller price fluctuations and is considered to be less risky than MXMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXHYX | MXMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 4.70% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 11.71% | -7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 15.64% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 20.02% | -14.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 21.20% | -15.14% |
MXHYX vs. MXMDX - Expense Ratio Comparison
MXHYX has a 1.08% expense ratio, which is higher than MXMDX's 0.55% expense ratio.
Dividends
MXHYX vs. MXMDX - Dividend Comparison
MXHYX's dividend yield for the trailing twelve months is around 4.41%, less than MXMDX's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXHYX Great-West High Yield Bond Fund | 4.41% | 4.65% | 4.19% | 5.45% | 3.46% | 3.14% | 3.66% | 5.37% | 8.16% | 3.37% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 5.79% | 6.66% | 3.04% | 4.76% | 4.35% | 5.24% | 5.74% | 3.74% | 8.13% | 4.51% |
Frequently Asked Questions
MXHYX and MXMDX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXMDX has higher volatility (4.70%) compared to MXHYX (1.99%). In terms of maximum drawdown, MXHYX dropped -53.32% vs MXMDX's -41.80%.
MXHYX currently has the higher Sharpe Ratio (2.15 vs 1.60), 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 MXMDX
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