MXIHX vs. MXREX
MXIHX (Great-West Inflation-Protected Securities Fund) and MXREX (Great-West Real Estate Index Fund) are both mutual funds - MXIHX is a Inflation-Protected Bonds fund managed by Great-West, while MXREX is a REIT fund managed by Great-West. Over the past 5 years, MXIHX returned 1.17%/yr vs 4.56%/yr for MXREX. Their 0.21 correlation means their historical movements had little consistent relationship. Both charge a 0.70% expense ratio.
Performance
MXIHX vs. MXREX - Performance Comparison
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Returns By Period
In the year-to-date period, MXIHX achieves a 0.54% return, which is significantly lower than MXREX's 20.70% 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%
MXREX
- 1D
- -1.21%
- 1M
- 1.30%
- 6M
- 17.25%
- YTD
- 20.70%
- 1Y
- 26.51%
- 3Y*
- 11.83%
- 5Y*
- 4.56%
- 10Y*
- 3.73%
- ALL TIME*
- 4.86%
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 |
MXIHX vs. MXREX - 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% |
MXREX Great-West Real Estate Index Fund | 20.70% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -4.52% |
Correlation
The correlation between MXIHX and MXREX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2018 | 0.21 |
The correlation between MXIHX and MXREX shifts across timeframes, from 0.21 (all time) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXIHX vs. MXREX — Risk / Return Rank
MXIHX
MXREX
MXIHX vs. MXREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Inflation-Protected Securities Fund (MXIHX) and Great-West Real Estate Index Fund (MXREX). 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 | MXREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 3.22 | -2.08 |
| Martin ratioReturn relative to average drawdown | 3.88 | 11.24 | -7.36 |
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Drawdowns
MXIHX vs. MXREX - Drawdown Comparison
The maximum MXIHX drawdown since its inception was -11.51%, smaller than the maximum MXREX drawdown of -43.89%. Use the drawdown chart below to compare losses from any high point for MXIHX and MXREX.
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Drawdown Indicators
| MXIHX | MXREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -43.89% | +32.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -7.73% | +5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -18.79% | +15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -33.06% | +21.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.89% | — |
Current DrawdownCurrent decline from peak | -0.97% | -2.38% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -11.50% | +9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.27% | -1.68% |
Volatility
MXIHX vs. MXREX - Volatility Comparison
The current volatility for Great-West Inflation-Protected Securities Fund (MXIHX) is 0.67%, while Great-West Real Estate Index Fund (MXREX) has a volatility of 4.81%. This indicates that MXIHX experiences smaller price fluctuations and is considered to be less risky than MXREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIHX | MXREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 4.81% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 10.97% | -8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 13.96% | -11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 19.37% | -14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.35% | 21.98% | -17.63% |
MXIHX vs. MXREX - Expense Ratio Comparison
Both MXIHX and MXREX have an expense ratio of 0.70%.
Dividends
MXIHX vs. MXREX - Dividend Comparison
MXIHX's dividend yield for the trailing twelve months is around 3.59%, more than MXREX's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MXREX Great-West Real Estate Index Fund | 1.71% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% |
Frequently Asked Questions
MXIHX and MXREX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXREX has higher volatility (4.81%) compared to MXIHX (0.67%). In terms of maximum drawdown, MXIHX dropped -11.51% vs MXREX's -43.89%.
MXREX currently has the higher Sharpe Ratio (1.79 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.
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