Correlation
The correlation between MXISX and SPY is 0.80, 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. SPY
Compare and contrast key facts about Great-West S&P Small Cap 600 Index Fund (MXISX) and SPDR S&P 500 ETF (SPY).
MXISX is managed by Great-West. It was launched on Dec 1, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXISX or SPY.
Performance
MXISX vs. SPY - Performance Comparison
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Key characteristics
MXISX:
-0.05
SPY:
0.68
MXISX:
0.19
SPY:
1.11
MXISX:
1.02
SPY:
1.16
MXISX:
0.00
SPY:
0.75
MXISX:
0.01
SPY:
2.86
MXISX:
10.30%
SPY:
4.93%
MXISX:
25.27%
SPY:
20.44%
MXISX:
-70.32%
SPY:
-55.19%
MXISX:
-16.31%
SPY:
-3.01%
Returns By Period
In the year-to-date period, MXISX achieves a -8.30% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, MXISX has underperformed SPY with an annualized return of 6.98%, while SPY has yielded a comparatively higher 12.88% annualized return.
MXISX
-8.30%
2.21%
-15.92%
-1.14%
2.35%
9.74%
6.98%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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MXISX vs. SPY - Expense Ratio Comparison
MXISX has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MXISX vs. SPY — Risk-Adjusted Performance Rank
MXISX
SPY
MXISX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
MXISX's dividend yield for the trailing twelve months is around 4.94%, more than SPY's 1.21% 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% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MXISX vs. SPY - Drawdown Comparison
The maximum MXISX drawdown since its inception was -70.32%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MXISX and SPY.
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Volatility
MXISX vs. SPY - Volatility Comparison
Great-West S&P Small Cap 600 Index Fund (MXISX) has a higher volatility of 6.55% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that MXISX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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