Correlation
The correlation between MXISX and MXVIX is 0.83, 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.
MXISX vs. MXVIX
Compare and contrast key facts about Great-West S&P Small Cap 600 Index Fund (MXISX) and Great-West S&P 500 Index Fund (MXVIX).
MXISX is managed by Great-West. It was launched on Dec 1, 1993. MXVIX is managed by Great-West. It was launched on Sep 8, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXISX or MXVIX.
Performance
MXISX vs. MXVIX - Performance Comparison
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Key characteristics
MXISX:
-0.05
MXVIX:
0.73
MXISX:
0.19
MXVIX:
1.09
MXISX:
1.02
MXVIX:
1.16
MXISX:
0.00
MXVIX:
0.73
MXISX:
0.01
MXVIX:
2.75
MXISX:
10.30%
MXVIX:
4.96%
MXISX:
25.27%
MXVIX:
19.92%
MXISX:
-70.32%
MXVIX:
-57.01%
MXISX:
-16.31%
MXVIX:
-3.13%
Returns By Period
In the year-to-date period, MXISX achieves a -8.30% return, which is significantly lower than MXVIX's 1.30% return. Over the past 10 years, MXISX has underperformed MXVIX with an annualized return of 6.98%, while MXVIX has yielded a comparatively higher 12.39% annualized return.
MXISX
-8.30%
2.21%
-15.92%
-1.14%
2.35%
9.74%
6.98%
MXVIX
1.30%
4.50%
-1.43%
14.33%
14.16%
14.86%
12.39%
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MXISX vs. MXVIX - Expense Ratio Comparison
MXISX has a 0.56% expense ratio, which is higher than MXVIX's 0.51% expense ratio.
Risk-Adjusted Performance
MXISX vs. MXVIX — Risk-Adjusted Performance Rank
MXISX
MXVIX
MXISX vs. MXVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West S&P Small Cap 600 Index Fund (MXISX) and Great-West S&P 500 Index Fund (MXVIX). 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.
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Dividends
MXISX vs. MXVIX - Dividend Comparison
MXISX's dividend yield for the trailing twelve months is around 4.94%, more than MXVIX's 0.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXISX Great-West S&P Small Cap 600 Index Fund | 4.94% | 4.53% | 3.17% | 6.56% | 10.78% | 6.55% | 6.73% | 14.48% | 9.84% | 5.82% | 10.96% | 7.52% |
MXVIX Great-West S&P 500 Index Fund | 0.94% | 0.95% | 5.25% | 1.25% | 4.97% | 8.26% | 5.13% | 10.66% | 2.66% | 2.61% | 3.40% | 2.64% |
Drawdowns
MXISX vs. MXVIX - Drawdown Comparison
The maximum MXISX drawdown since its inception was -70.32%, which is greater than MXVIX's maximum drawdown of -57.01%. Use the drawdown chart below to compare losses from any high point for MXISX and MXVIX.
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Volatility
MXISX vs. MXVIX - Volatility Comparison
Great-West S&P Small Cap 600 Index Fund (MXISX) has a higher volatility of 6.55% compared to Great-West S&P 500 Index Fund (MXVIX) at 4.81%. This indicates that MXISX's price experiences larger fluctuations and is considered to be riskier than MXVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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