MXLGX vs. XLE
MXLGX (Great-West Large Cap Growth Fund) and XLE (State Street Energy Select Sector SPDR ETF) are both funds - MXLGX is a Large Cap Growth Equities fund managed by Great-West, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Over the past 10 years, MXLGX returned 16.67%/yr vs 9.37%/yr for XLE. At a 0.49 correlation, their price movements are largely independent. MXLGX charges 1.00%/yr vs 0.08%/yr for XLE.
Performance
MXLGX vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, MXLGX achieves a 4.89% return, which is significantly lower than XLE's 23.49% return. Over the past 10 years, MXLGX has outperformed XLE with an annualized return of 16.67%, while XLE has yielded a comparatively lower 9.37% annualized return.
MXLGX
- 1D
- -0.36%
- 1M
- 0.64%
- YTD
- 4.89%
- 6M
- 3.66%
- 1Y
- 16.57%
- 3Y*
- 18.95%
- 5Y*
- 11.13%
- 10Y*
- 16.67%
XLE
- 1D
- 0.74%
- 1M
- -7.80%
- YTD
- 23.49%
- 6M
- 24.07%
- 1Y
- 30.55%
- 3Y*
- 15.73%
- 5Y*
- 18.87%
- 10Y*
- 9.37%
MXLGX vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXLGX Great-West Large Cap Growth Fund | 4.89% | 13.93% | 25.30% | 33.43% | -34.08% | 41.30% | 40.72% | 36.20% | -0.47% | 28.82% |
XLE State Street Energy Select Sector SPDR ETF | 23.49% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between MXLGX and XLE is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 27, 2003 | 0.49 |
The correlation between MXLGX and XLE shifts across timeframes, from -0.18 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MXLGX vs. XLE — Risk / Return Rank
MXLGX
XLE
MXLGX vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Large Cap Growth Fund (MXLGX) and State Street Energy Select Sector SPDR ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXLGX | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.18 | -0.99 |
| Martin ratioReturn relative to average drawdown | 3.70 | 6.53 | -2.83 |
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Drawdowns
MXLGX vs. XLE - Drawdown Comparison
The maximum MXLGX drawdown since its inception was -62.98%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for MXLGX and XLE.
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Drawdown Indicators
| MXLGX | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.98% | -71.26% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -14.05% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.74% | -20.14% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -38.07% | -26.04% | -12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.07% | -66.81% | +28.74% |
Current DrawdownCurrent decline from peak | -1.09% | -12.32% | +11.23% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -17.96% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 4.69% | +0.05% |
Volatility
MXLGX vs. XLE - Volatility Comparison
The current volatility for Great-West Large Cap Growth Fund (MXLGX) is 5.75%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.12%. 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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Volatility by Period
| MXLGX | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 7.12% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 16.82% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 20.93% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.95% | 25.98% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 29.60% | -6.09% |
MXLGX vs. XLE - Expense Ratio Comparison
MXLGX has a 1.00% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
MXLGX vs. XLE - Dividend Comparison
MXLGX's dividend yield for the trailing twelve months is around 12.30%, more than XLE's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXLGX Great-West Large Cap Growth Fund | 12.30% | 12.90% | 9.72% | 2.95% | 9.29% | 21.33% | 30.57% | 17.96% | 25.47% | 5.25% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.79% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
MXLGX and XLE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (7.12%) compared to MXLGX (5.75%). In terms of maximum drawdown, MXLGX dropped -62.98% vs XLE's -71.26%.
XLE currently has the higher Sharpe Ratio (1.48 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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