MXLMX vs. ETSIX

Last updated Jun 24, 2026

MXLMX (Great-West Multi-Sector Bond Fund) and ETSIX (Eaton Vance Strategic Income Fund Class I) are both Multisector Bonds funds. Over the past 10 years, MXLMX returned 3.44%/yr vs 4.79%/yr for ETSIX. At a 0.38 correlation, their price movements are largely independent. MXLMX charges 0.90%/yr vs 1.46%/yr for ETSIX.

Performance

MXLMX vs. ETSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Multi-Sector Bond Fund (MXLMX) and Eaton Vance Strategic Income Fund Class I (ETSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXLMX achieves a 0.81% return, which is significantly lower than ETSIX's 2.19% return. Over the past 10 years, MXLMX has underperformed ETSIX with an annualized return of 3.44%, while ETSIX has yielded a comparatively higher 4.79% annualized return.

MXLMX

• 1D: -0.15%
• 1M: 0.52%
• YTD: 0.81%
• 6M: 0.92%
• 1Y: 5.37%
• 3Y*: 6.35%
• 5Y*: 1.90%
• 10Y*: 3.44%

ETSIX

• 1D: -0.29%
• 1M: 0.72%
• YTD: 2.19%
• 6M: 2.53%
• 1Y: 9.08%
• 3Y*: 8.06%
• 5Y*: 4.92%
• 10Y*: 4.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MXLMX vs. ETSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXLMX Great-West Multi-Sector Bond Fund	0.81%	7.99%	5.14%	7.89%	-11.42%	0.96%	9.02%	11.74%	-3.03%	4.83%
ETSIX Eaton Vance Strategic Income Fund Class I	2.19%	10.88%	6.38%	8.24%	-2.55%	1.33%	7.52%	6.58%	-2.68%	4.90%

Correlation

The correlation between MXLMX and ETSIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 23, 1998	0.38

Over the past year, MXLMX and ETSIX have become more correlated (0.82) than their long-term average of 0.38, meaning their price movements have been converging.

Return for Risk

MXLMX vs. ETSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXLMX

MXLMX Risk / Return Rank: 55
MXLMX Sharpe Ratio Rank: 58
MXLMX Sortino Ratio Rank: 65
MXLMX Omega Ratio Rank: 69
MXLMX Calmar Ratio Rank: 41
MXLMX Martin Ratio Rank: 44

ETSIX

ETSIX Risk / Return Rank: 89
ETSIX Sharpe Ratio Rank: 96
ETSIX Sortino Ratio Rank: 95
ETSIX Omega Ratio Rank: 94
ETSIX Calmar Ratio Rank: 85
ETSIX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXLMX vs. ETSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Multi-Sector Bond Fund (MXLMX) and Eaton Vance Strategic Income Fund Class I (ETSIX). 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.

	MXLMX	ETSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	3.21	-1.14
Sortino ratio: Return per unit of downside risk	3.08	4.68	-1.60
Omega ratio: Gain probability vs. loss probability	1.42	1.70	-0.28
Calmar ratio: Return relative to maximum drawdown	2.31	3.82	-1.52
Martin ratio: Return relative to average drawdown	8.89	13.07	-4.17

MXLMX vs. ETSIX - Sharpe Ratio Comparison

The current MXLMX Sharpe Ratio is 2.07, which is lower than the ETSIX Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of MXLMX and ETSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXLMX vs. ETSIX - Drawdown Comparison

The maximum MXLMX drawdown since its inception was -36.94%, which is greater than ETSIX's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for MXLMX and ETSIX.

Drawdown Indicators

	MXLMX	ETSIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.94%	-12.63%	-24.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-2.43%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-4.53%	-2.52%	-2.01%
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	-6.34%	-9.18%
Max Drawdown (10Y) Largest decline over 10 years	-15.52%	-12.28%	-3.24%
Current Drawdown Current decline from peak	-0.66%	-0.61%	-0.05%
Average Drawdown Average peak-to-trough decline	-8.21%	-1.43%	-6.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.71%	-0.06%

Volatility

MXLMX vs. ETSIX - Volatility Comparison

The current volatility for Great-West Multi-Sector Bond Fund (MXLMX) is 0.96%, while Eaton Vance Strategic Income Fund Class I (ETSIX) has a volatility of 1.10%. This indicates that MXLMX experiences smaller price fluctuations and is considered to be less risky than ETSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXLMX	ETSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	1.10%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.34%	2.35%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	2.90%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.26%	3.24%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.19%	3.16%	+1.03%

MXLMX vs. ETSIX - Expense Ratio Comparison

MXLMX has a 0.90% expense ratio, which is lower than ETSIX's 1.46% expense ratio.

Dividends

MXLMX vs. ETSIX - Dividend Comparison

MXLMX's dividend yield for the trailing twelve months is around 3.25%, less than ETSIX's 7.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETSIX Eaton Vance Strategic Income Fund Class I	7.10%	5.65%	6.97%	6.93%	5.56%	4.31%	4.19%	4.29%	3.98%	3.70%	3.94%	4.32%
MXLMX Great-West Multi-Sector Bond Fund	3.25%	3.28%	3.68%	3.16%	2.59%	3.88%	3.59%	1.76%	3.07%	0.45%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXLMX and ETSIX in my portfolio?

MXLMX and ETSIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXLMX or ETSIX?

ETSIX has higher volatility (1.10%) compared to MXLMX (0.96%). In terms of maximum drawdown, MXLMX dropped -36.94% vs ETSIX's -12.63%.

Which has better risk-adjusted returns?

ETSIX currently has the higher Sharpe Ratio (3.21 vs 2.07), 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.