MXIHX vs. EARRX

Last updated Aug 1, 2026

MXIHX (Great-West Inflation-Protected Securities Fund) and EARRX (Eaton Vance Short Duration Inflation-Protected Income Fund Class A) are both Inflation-Protected Bonds funds. Over the past 5 years, MXIHX returned 1.17%/yr vs 3.27%/yr for EARRX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. MXIHX charges 0.70%/yr vs 0.85%/yr for EARRX.

Performance

MXIHX vs. EARRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Inflation-Protected Securities Fund (MXIHX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXIHX achieves a 0.54% return, which is significantly lower than EARRX's 1.14% return.

MXIHX

• 1D: 0.00%
• 1M: -0.11%
• 6M: -0.11%
• YTD: 0.54%
• 1Y: 2.39%
• 3Y*: 4.15%
• 5Y*: 1.17%
• 10Y*: —
• ALL TIME*: 2.60%

EARRX

• 1D: 0.00%
• 1M: 0.20%
• 6M: 0.64%
• YTD: 1.14%
• 1Y: 2.07%
• 3Y*: 4.93%
• 5Y*: 3.27%
• 10Y*: 3.57%
• ALL TIME*: 2.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A	$0.00	$0.00	$0.00
MXIHX Great-West Inflation-Protected Securities Fund	$0.00	$0.00	$0.00

MXIHX vs. EARRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MXIHX Great-West Inflation-Protected Securities Fund	0.54%	6.75%	2.80%	4.76%	-8.95%	4.96%	7.36%	6.35%	-1.22%
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A	1.14%	5.46%	5.39%	5.95%	-3.22%	7.50%	5.05%	5.29%	-0.39%

Correlation

The correlation between MXIHX and EARRX is 0.74, 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.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Jan 4, 2018	0.68

The correlation between MXIHX and EARRX has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

Return for Risk

MXIHX vs. EARRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MXIHX

MXIHX Risk / Return Rank: 22
MXIHX Sharpe Ratio Rank: 21
MXIHX Sortino Ratio Rank: 19
MXIHX Omega Ratio Rank: 21
MXIHX Calmar Ratio Rank: 23
MXIHX Martin Ratio Rank: 25

EARRX

EARRX Risk / Return Rank: 56
EARRX Sharpe Ratio Rank: 50
EARRX Sortino Ratio Rank: 51
EARRX Omega Ratio Rank: 62
EARRX Calmar Ratio Rank: 67
EARRX Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MXIHX vs. EARRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Inflation-Protected Securities Fund (MXIHX) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). 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.

	MXIHX	EARRX	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.34	-0.53
Sortino ratio: Return per unit of downside risk	1.19	1.96	-0.78
Omega ratio: Gain probability vs. loss probability	1.15	1.28	-0.13
Calmar ratio: Return relative to maximum drawdown	1.14	2.22	-1.08
Martin ratio: Return relative to average drawdown	3.88	6.95	-3.07

MXIHX vs. EARRX - Sharpe Ratio Comparison

The current MXIHX Sharpe Ratio is 0.81, which is lower than the EARRX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of MXIHX and EARRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXIHX vs. EARRX - Drawdown Comparison

The maximum MXIHX drawdown since its inception was -11.51%, which is greater than EARRX's maximum drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for MXIHX and EARRX.

Drawdown Indicators

	MXIHX	EARRX	Difference
Max Drawdown Largest peak-to-trough decline	-11.51%	-10.27%	-1.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.04%	-0.98%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-2.86%	-1.18%	-1.68%
Max Drawdown (5Y) Largest decline over 5 years	-11.51%	-6.39%	-5.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.27%	—
Current Drawdown Current decline from peak	-0.97%	-0.53%	-0.44%
Average Drawdown Average peak-to-trough decline	-2.39%	-1.08%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.31%	+0.28%

Volatility

MXIHX vs. EARRX - Volatility Comparison

Great-West Inflation-Protected Securities Fund (MXIHX) has a higher volatility of 0.67% compared to Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) at 0.44%. This indicates that MXIHX's price experiences larger fluctuations and is considered to be riskier than EARRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXIHX	EARRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.44%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	2.21%	1.31%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	1.63%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.85%	2.78%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.35%	2.72%	+1.63%

MXIHX vs. EARRX - Expense Ratio Comparison

MXIHX has a 0.70% expense ratio, which is lower than EARRX's 0.85% expense ratio.

Dividends

MXIHX vs. EARRX - Dividend Comparison

MXIHX's dividend yield for the trailing twelve months is around 3.59%, less than EARRX's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A	5.03%	4.36%	3.83%	4.24%	4.82%	3.32%	2.02%	2.46%	2.67%	1.90%	2.00%	1.73%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXIHX and EARRX in my portfolio?

MXIHX and EARRX 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.

Which is riskier, MXIHX or EARRX?

MXIHX has higher volatility (0.67%) compared to EARRX (0.44%). In terms of maximum drawdown, MXIHX dropped -11.51% vs EARRX's -10.27%.

Which has better risk-adjusted returns?

EARRX currently has the higher Sharpe Ratio (1.34 vs 0.81), 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.