MXHYX vs. VWEAX
MXHYX (Great-West High Yield Bond Fund) and VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) are both High Yield Bonds funds. Over the past 10 years, MXHYX returned 4.72%/yr vs 4.94%/yr for VWEAX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MXHYX charges 1.08%/yr vs 0.12%/yr for VWEAX.
Performance
MXHYX vs. VWEAX - Performance Comparison
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Returns By Period
In the year-to-date period, MXHYX achieves a 4.20% return, which is significantly higher than VWEAX's 0.81% return. Both investments have delivered pretty close results over the past 10 years, with MXHYX having a 4.72% annualized return and VWEAX not far ahead at 4.94%.
MXHYX
- 1D
- 0.96%
- 1M
- -0.82%
- 6M
- 2.80%
- YTD
- 4.20%
- 1Y
- 7.58%
- 3Y*
- 8.61%
- 5Y*
- 3.74%
- 10Y*
- 4.72%
- ALL TIME*
- 1.04%
VWEAX
- 1D
- 0.18%
- 1M
- -0.73%
- 6M
- 0.65%
- YTD
- 0.81%
- 1Y
- 4.62%
- 3Y*
- 7.57%
- 5Y*
- 3.82%
- 10Y*
- 4.94%
- ALL TIME*
- 5.99%
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 |
MXHYX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXHYX Great-West High Yield Bond Fund | 4.20% | 8.95% | 7.64% | 11.14% | -11.80% | 3.65% | 10.77% | 14.40% | -3.79% | 3.63% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 0.81% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Correlation
The correlation between MXHYX and VWEAX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2003 | 0.70 |
The correlation between MXHYX and VWEAX shifts across timeframes, from 0.54 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXHYX vs. VWEAX — Risk / Return Rank
MXHYX
VWEAX
MXHYX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West High Yield Bond Fund (MXHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.06 | +0.39 |
| Martin ratioReturn relative to average drawdown | 8.92 | 9.91 | -0.99 |
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Drawdowns
MXHYX vs. VWEAX - Drawdown Comparison
The maximum MXHYX drawdown since its inception was -53.32%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for MXHYX and VWEAX.
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Drawdown Indicators
| MXHYX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.32% | -30.05% | -23.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.52% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -3.32% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -13.77% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | -19.68% | -1.60% |
Current DrawdownCurrent decline from peak | -1.97% | -0.91% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -16.38% | -2.11% | -14.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.52% | +0.34% |
Volatility
MXHYX vs. VWEAX - Volatility Comparison
Great-West High Yield Bond Fund (MXHYX) has a higher volatility of 1.74% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.68%. This indicates that MXHYX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXHYX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 0.68% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 2.69% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.30% | 3.32% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 4.93% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 5.25% | +0.82% |
MXHYX vs. VWEAX - Expense Ratio Comparison
MXHYX has a 1.08% expense ratio, which is higher than VWEAX's 0.12% expense ratio.
Dividends
MXHYX vs. VWEAX - Dividend Comparison
MXHYX's dividend yield for the trailing twelve months is around 4.46%, less than VWEAX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXHYX Great-West High Yield Bond Fund | 4.46% | 4.65% | 4.19% | 5.45% | 3.46% | 3.14% | 3.66% | 5.37% | 8.16% | 3.37% | 0.00% | 0.00% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.87% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Frequently Asked Questions
MXHYX and VWEAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXHYX has higher volatility (1.74%) compared to VWEAX (0.68%). In terms of maximum drawdown, MXHYX dropped -53.32% vs VWEAX's -30.05%.
VWEAX currently has the higher Sharpe Ratio (1.57 vs 1.46), 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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