Correlation
The correlation between MXLGX and XLE is 0.61, 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.
MXLGX vs. XLE
Compare and contrast key facts about Great-West Large Cap Growth Fund (MXLGX) and Energy Select Sector SPDR Fund (XLE).
MXLGX is managed by Great-West. It was launched on May 21, 2003. 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: MXLGX or XLE.
Performance
MXLGX vs. XLE - Performance Comparison
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Key characteristics
MXLGX:
0.38
XLE:
-0.25
MXLGX:
0.69
XLE:
-0.20
MXLGX:
1.11
XLE:
0.97
MXLGX:
0.38
XLE:
-0.35
MXLGX:
1.07
XLE:
-0.89
MXLGX:
9.07%
XLE:
7.85%
MXLGX:
25.62%
XLE:
25.28%
MXLGX:
-62.96%
XLE:
-71.54%
MXLGX:
-10.21%
XLE:
-14.06%
Returns By Period
In the year-to-date period, MXLGX achieves a 0.58% return, which is significantly higher than XLE's -3.22% return. Over the past 10 years, MXLGX has outperformed XLE with an annualized return of 14.78%, while XLE has yielded a comparatively lower 4.55% annualized return.
MXLGX
0.58%
6.79%
-0.88%
9.60%
16.61%
15.59%
14.78%
XLE
-3.22%
-0.57%
-12.11%
-6.30%
1.18%
21.13%
4.55%
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MXLGX vs. XLE - Expense Ratio Comparison
MXLGX has a 1.00% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
MXLGX vs. XLE — Risk-Adjusted Performance Rank
MXLGX
XLE
MXLGX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Large Cap Growth Fund (MXLGX) 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
MXLGX vs. XLE - Dividend Comparison
MXLGX's dividend yield for the trailing twelve months is around 9.67%, more than XLE's 3.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXLGX Great-West Large Cap Growth Fund | 9.67% | 9.73% | 3.06% | 9.28% | 21.33% | 30.58% | 18.00% | 26.03% | 6.77% | 5.29% | 12.29% | 3.13% |
XLE Energy Select Sector SPDR Fund | 3.48% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
MXLGX vs. XLE - Drawdown Comparison
The maximum MXLGX drawdown since its inception was -62.96%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for MXLGX and XLE.
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Volatility
MXLGX vs. XLE - Volatility Comparison
The current volatility for Great-West Large Cap Growth Fund (MXLGX) is 5.04%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.98%. This indicates that MXLGX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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