MXLMX vs. MOFIX
MXLMX (Great-West Multi-Sector Bond Fund) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, MXLMX returned 1.64%/yr vs 1.22%/yr for MOFIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MXLMX charges 0.90%/yr vs 0.44%/yr for MOFIX.
Performance
MXLMX vs. MOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXLMX achieves a 0.37% return, which is significantly higher than MOFIX's -2.12% return.
MXLMX
- 1D
- 0.15%
- 1M
- -0.66%
- 6M
- -0.15%
- YTD
- 0.37%
- 1Y
- 3.82%
- 3Y*
- 5.96%
- 5Y*
- 1.64%
- 10Y*
- 3.09%
- ALL TIME*
- 1.81%
MOFIX
- 1D
- 0.12%
- 1M
- -0.95%
- 6M
- -2.35%
- YTD
- -2.12%
- 1Y
- -0.02%
- 3Y*
- 4.21%
- 5Y*
- 1.22%
- 10Y*
- —
- ALL TIME*
- 2.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MXLMX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MXLMX Great-West Multi-Sector Bond Fund | 0.37% | 7.99% | 5.14% | 7.89% | -11.42% | 0.96% | 9.02% | 5.31% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.12% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
Correlation
The correlation between MXLMX and MOFIX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.70 |
The correlation between MXLMX and MOFIX has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
MXLMX vs. MOFIX — Risk / Return Rank
MXLMX
MOFIX
MXLMX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Multi-Sector Bond Fund (MXLMX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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 | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.01 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.03 | +1.49 |
| Martin ratioReturn relative to average drawdown | 5.51 | 0.07 | +5.43 |
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Drawdowns
MXLMX vs. MOFIX - Drawdown Comparison
The maximum MXLMX drawdown since its inception was -36.94%, which is greater than MOFIX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for MXLMX and MOFIX.
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Drawdown Indicators
| MXLMX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -19.96% | -16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -3.52% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.76% | -8.02% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -19.00% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -15.52% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -2.58% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -5.10% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.32% | -0.62% |
Volatility
MXLMX vs. MOFIX - Volatility Comparison
Great-West Multi-Sector Bond Fund (MXLMX) has a higher volatility of 0.80% compared to Mercer Opportunistic Fixed Income Fund (MOFIX) at 0.68%. This indicates that MXLMX's price experiences larger fluctuations and is considered to be riskier than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXLMX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.68% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.38% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 2.98% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 7.26% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 7.11% | -3.03% |
MXLMX vs. MOFIX - Expense Ratio Comparison
MXLMX has a 0.90% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Dividends
MXLMX vs. MOFIX - Dividend Comparison
MXLMX's dividend yield for the trailing twelve months is around 3.27%, less than MOFIX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MOFIX Mercer Opportunistic Fixed Income Fund | 3.39% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% |
MXLMX Great-West Multi-Sector Bond Fund | 3.27% | 3.28% | 3.68% | 3.16% | 2.59% | 3.88% | 3.59% | 1.76% | 3.07% | 0.45% |
Frequently Asked Questions
MXLMX and MOFIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXLMX has higher volatility (0.80%) compared to MOFIX (0.68%). In terms of maximum drawdown, MXLMX dropped -36.94% vs MOFIX's -19.96%.
MXLMX currently has the higher Sharpe Ratio (1.37 vs 0.03), 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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