Correlation
The correlation between MXISX and XLE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MXISX vs. XLE
Compare and contrast key facts about Great-West S&P Small Cap 600 Index Fund (MXISX) and Energy Select Sector SPDR Fund (XLE).
MXISX is managed by Great-West. It was launched on Dec 1, 1993. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXISX or XLE.
Performance
MXISX vs. XLE - Performance Comparison
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Key characteristics
MXISX:
-0.05
XLE:
-0.34
MXISX:
0.19
XLE:
-0.15
MXISX:
1.02
XLE:
0.98
MXISX:
0.00
XLE:
-0.29
MXISX:
0.01
XLE:
-0.74
MXISX:
10.30%
XLE:
7.95%
MXISX:
25.27%
XLE:
25.20%
MXISX:
-70.32%
XLE:
-71.54%
MXISX:
-16.31%
XLE:
-13.70%
Returns By Period
In the year-to-date period, MXISX achieves a -8.30% return, which is significantly lower than XLE's -2.82% return. Over the past 10 years, MXISX has outperformed XLE with an annualized return of 6.98%, while XLE has yielded a comparatively lower 4.66% annualized return.
MXISX
-8.30%
2.21%
-15.92%
-1.14%
2.35%
9.74%
6.98%
XLE
-2.82%
0.76%
-11.19%
-8.46%
0.94%
19.46%
4.66%
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MXISX vs. XLE - Expense Ratio Comparison
MXISX has a 0.56% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
MXISX vs. XLE — Risk-Adjusted Performance Rank
MXISX
XLE
MXISX vs. XLE - 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 Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
MXISX's dividend yield for the trailing twelve months is around 4.94%, more than XLE's 3.46% 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% |
XLE Energy Select Sector SPDR Fund | 3.46% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
MXISX vs. XLE - Drawdown Comparison
The maximum MXISX drawdown since its inception was -70.32%, roughly equal to the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for MXISX and XLE.
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Volatility
MXISX vs. XLE - Volatility Comparison
Great-West S&P Small Cap 600 Index Fund (MXISX) has a higher volatility of 6.55% compared to Energy Select Sector SPDR Fund (XLE) at 5.50%. This indicates that MXISX's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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