MXLMX vs. MXIHX
MXLMX (Great-West Multi-Sector Bond Fund) and MXIHX (Great-West Inflation-Protected Securities Fund) are both mutual funds - MXLMX is a Multisector Bonds fund managed by Great-West Funds, while MXIHX is a Inflation-Protected Bonds fund managed by Great-West Funds. Over the past 5 years, MXLMX returned 1.91%/yr vs 1.80%/yr for MXIHX. A 0.64 correlation means they provide meaningful diversification when combined. MXLMX charges 0.90%/yr vs 0.70%/yr for MXIHX.
Performance
MXLMX vs. MXIHX - Performance Comparison
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Returns By Period
In the year-to-date period, MXLMX achieves a 0.96% return, which is significantly higher than MXIHX's 0.65% return.
MXLMX
- 1D
- 0.07%
- 1M
- 0.66%
- YTD
- 0.96%
- 6M
- 1.07%
- 1Y
- 5.84%
- 3Y*
- 6.39%
- 5Y*
- 1.91%
- 10Y*
- 3.23%
MXIHX
- 1D
- 0.22%
- 1M
- -0.00%
- YTD
- 0.65%
- 6M
- 0.76%
- 1Y
- 3.61%
- 3Y*
- 4.33%
- 5Y*
- 1.80%
- 10Y*
- —
MXLMX vs. MXIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MXLMX Great-West Multi-Sector Bond Fund | 0.96% | 7.99% | 5.14% | 7.89% | -11.42% | 0.96% | 9.02% | 11.74% | -3.39% |
MXIHX Great-West Inflation-Protected Securities Fund | 0.65% | 6.75% | 2.80% | 4.76% | -8.95% | 4.96% | 7.36% | 6.35% | -1.22% |
Correlation
The correlation between MXLMX and MXIHX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2018 | 0.64 |
The correlation between MXLMX and MXIHX shifts across timeframes, from 0.64 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXLMX vs. MXIHX — Risk / Return Rank
MXLMX
MXIHX
MXLMX vs. MXIHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Multi-Sector Bond Fund (MXLMX) and Great-West Inflation-Protected Securities Fund (MXIHX). 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 | MXIHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.84 | +0.54 |
| Martin ratioReturn relative to average drawdown | 9.17 | 7.36 | +1.82 |
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Drawdowns
MXLMX vs. MXIHX - Drawdown Comparison
The maximum MXLMX drawdown since its inception was -36.94%, which is greater than MXIHX's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for MXLMX and MXIHX.
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Drawdown Indicators
| MXLMX | MXIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -11.51% | -25.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -2.04% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -2.86% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -11.51% | -4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -15.52% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.86% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -2.41% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.50% | +0.15% |
Volatility
MXLMX vs. MXIHX - Volatility Comparison
The current volatility for Great-West Multi-Sector Bond Fund (MXLMX) is 1.03%, while Great-West Inflation-Protected Securities Fund (MXIHX) has a volatility of 1.12%. This indicates that MXLMX experiences smaller price fluctuations and is considered to be less risky than MXIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXLMX | MXIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.12% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.14% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 2.86% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 4.85% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 4.37% | -0.18% |
MXLMX vs. MXIHX - Expense Ratio Comparison
MXLMX has a 0.90% expense ratio, which is higher than MXIHX's 0.70% expense ratio.
Dividends
MXLMX vs. MXIHX - Dividend Comparison
MXLMX's dividend yield for the trailing twelve months is around 3.25%, less than MXIHX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXIHX Great-West Inflation-Protected Securities Fund | 3.59% | 3.61% | 3.60% | 4.22% | 8.49% | 3.05% | 2.01% | 1.51% | 4.31% | 0.00% |
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% |
Frequently Asked Questions
MXLMX and MXIHX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXIHX has higher volatility (1.12%) compared to MXLMX (1.03%). In terms of maximum drawdown, MXLMX dropped -36.94% vs MXIHX's -11.51%.
MXLMX currently has the higher Sharpe Ratio (2.13 vs 1.31), 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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