MXISX vs. FSSNX
Compare and contrast key facts about Great-West S&P Small Cap 600 Index Fund (MXISX) and Fidelity Small Cap Index Fund (FSSNX).
MXISX is managed by Great-West. It was launched on Dec 1, 1993. FSSNX is managed by Fidelity. It was launched on Sep 8, 2011.
Performance
MXISX vs. FSSNX - Performance Comparison
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MXISX vs. FSSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXISX Great-West S&P Small Cap 600 Index Fund | 3.41% | 5.53% | 7.87% | 14.61% | -16.60% | 26.08% | 10.73% | 21.46% | -9.22% | 11.80% |
FSSNX Fidelity Small Cap Index Fund | 0.91% | 12.94% | 11.71% | 17.11% | -20.28% | 14.70% | 19.99% | 25.70% | -11.24% | 14.54% |
Returns By Period
In the year-to-date period, MXISX achieves a 3.41% return, which is significantly higher than FSSNX's 0.91% return. Over the past 10 years, MXISX has underperformed FSSNX with an annualized return of 8.96%, while FSSNX has yielded a comparatively higher 9.90% annualized return.
MXISX
- 1D
- 2.85%
- 1M
- -4.71%
- YTD
- 3.41%
- 6M
- 4.73%
- 1Y
- 19.70%
- 3Y*
- 9.60%
- 5Y*
- 3.72%
- 10Y*
- 8.96%
FSSNX
- 1D
- 3.45%
- 1M
- -5.85%
- YTD
- 0.91%
- 6M
- 2.89%
- 1Y
- 25.83%
- 3Y*
- 13.19%
- 5Y*
- 3.57%
- 10Y*
- 9.90%
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MXISX vs. FSSNX - Expense Ratio Comparison
MXISX has a 0.56% expense ratio, which is higher than FSSNX's 0.03% expense ratio.
Return for Risk
MXISX vs. FSSNX — Risk / Return Rank
MXISX
FSSNX
MXISX vs. FSSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West S&P Small Cap 600 Index Fund (MXISX) and Fidelity Small Cap Index Fund (FSSNX). 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.
| MXISX | FSSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.12 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.66 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.82 | -0.61 |
Martin ratioReturn relative to average drawdown | 4.94 | 6.80 | -1.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXISX | FSSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.12 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.16 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.42 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.49 | -0.30 |
Correlation
The correlation between MXISX and FSSNX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MXISX vs. FSSNX - Dividend Comparison
MXISX's dividend yield for the trailing twelve months is around 7.20%, more than FSSNX's 1.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXISX Great-West S&P Small Cap 600 Index Fund | 7.20% | 7.45% | 4.53% | 2.41% | 6.55% | 10.79% | 6.55% | 6.71% | 14.30% | 8.68% | 4.94% | 10.96% |
FSSNX Fidelity Small Cap Index Fund | 1.07% | 1.08% | 1.04% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 4.94% | 3.37% | 2.27% | 2.66% |
Drawdowns
MXISX vs. FSSNX - Drawdown Comparison
The maximum MXISX drawdown since its inception was -70.66%, which is greater than FSSNX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for MXISX and FSSNX.
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Drawdown Indicators
| MXISX | FSSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.66% | -41.72% | -28.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -13.89% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -28.07% | -31.87% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -44.78% | -41.72% | -3.06% |
Current DrawdownCurrent decline from peak | -5.79% | -7.94% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -21.97% | -8.37% | -13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.71% | +0.24% |
Volatility
MXISX vs. FSSNX - Volatility Comparison
The current volatility for Great-West S&P Small Cap 600 Index Fund (MXISX) is 6.28%, while Fidelity Small Cap Index Fund (FSSNX) has a volatility of 7.52%. This indicates that MXISX experiences smaller price fluctuations and is considered to be less risky than FSSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXISX | FSSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 7.52% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 14.52% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.24% | 23.30% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 22.61% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.84% | 23.41% | +0.43% |