MXLMX vs. MXVIX

Last updated Aug 1, 2026

MXLMX (Great-West Multi-Sector Bond Fund) and MXVIX (Great-West S&P 500 Index Fund) are both mutual funds - MXLMX is a Multisector Bonds fund managed by Great-West, while MXVIX is a Large Cap Blend Equities fund managed by Great-West. Over the past 10 years, MXLMX returned 3.09%/yr vs 14.11%/yr for MXVIX. Their 0.37 correlation means their historical movements had little consistent relationship. MXLMX charges 0.90%/yr vs 0.51%/yr for MXVIX.

Performance

MXLMX vs. MXVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Multi-Sector Bond Fund (MXLMX) and Great-West S&P 500 Index Fund (MXVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXLMX achieves a 0.37% return, which is significantly lower than MXVIX's 9.08% return. Over the past 10 years, MXLMX has underperformed MXVIX with an annualized return of 3.09%, while MXVIX has yielded a comparatively higher 14.11% annualized 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%

MXVIX

• 1D: 1.65%
• 1M: -0.60%
• 6M: 7.56%
• YTD: 9.08%
• 1Y: 18.15%
• 3Y*: 18.42%
• 5Y*: 12.13%
• 10Y*: 14.11%
• ALL TIME*: 8.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MXLMX Great-West Multi-Sector Bond Fund	$0.00	$0.00	$0.00
MXVIX Great-West S&P 500 Index Fund	$0.00	$0.00	$0.00

MXLMX vs. MXVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXLMX Great-West Multi-Sector Bond Fund	0.37%	7.99%	5.14%	7.89%	-11.42%	0.96%	9.02%	11.74%	-3.03%	4.83%
MXVIX Great-West S&P 500 Index Fund	9.08%	17.30%	24.31%	25.57%	-18.56%	29.04%	16.96%	30.84%	-5.32%	21.05%

Correlation

The correlation between MXLMX and MXVIX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.36
Correlation (10Y) Provides a long-term view across more market conditions.	0.34
Correlation (All Time) Calculated using the full available price history since Sep 9, 2003	0.37

The correlation between MXLMX and MXVIX shifts across timeframes, from 0.34 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MXLMX vs. MXVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MXLMX

MXLMX Risk / Return Rank: 42
MXLMX Sharpe Ratio Rank: 46
MXLMX Sortino Ratio Rank: 46
MXLMX Omega Ratio Rank: 50
MXLMX Calmar Ratio Rank: 33
MXLMX Martin Ratio Rank: 35

MXVIX

MXVIX Risk / Return Rank: 60
MXVIX Sharpe Ratio Rank: 59
MXVIX Sortino Ratio Rank: 55
MXVIX Omega Ratio Rank: 56
MXVIX Calmar Ratio Rank: 61
MXVIX Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MXLMX vs. MXVIX - 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 S&P 500 Index Fund (MXVIX). 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	MXVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.42	-0.05
Sortino ratio: Return per unit of downside risk	1.99	1.98	+0.01
Omega ratio: Gain probability vs. loss probability	1.26	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	1.52	2.02	-0.49
Martin ratio: Return relative to average drawdown	5.51	8.57	-3.07

MXLMX vs. MXVIX - Sharpe Ratio Comparison

The current MXLMX Sharpe Ratio is 1.37, which is comparable to the MXVIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of MXLMX and MXVIX, 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. MXVIX - Drawdown Comparison

The maximum MXLMX drawdown since its inception was -36.94%, smaller than the maximum MXVIX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for MXLMX and MXVIX.

Drawdown Indicators

	MXLMX	MXVIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.94%	-58.12%	+21.18%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-8.94%	+6.39%
Max Drawdown (3Y) Largest decline over 3 years	-3.76%	-19.07%	+15.31%
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	-24.74%	+9.22%
Max Drawdown (10Y) Largest decline over 10 years	-15.52%	-33.82%	+18.30%
Current Drawdown Current decline from peak	-1.09%	-2.18%	+1.09%
Average Drawdown Average peak-to-trough decline	-8.18%	-8.63%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	2.09%	-1.39%

Volatility

MXLMX vs. MXVIX - Volatility Comparison

The current volatility for Great-West Multi-Sector Bond Fund (MXLMX) is 0.80%, while Great-West S&P 500 Index Fund (MXVIX) has a volatility of 3.44%. This indicates that MXLMX experiences smaller price fluctuations and is considered to be less risky than MXVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXLMX	MXVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	3.44%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	10.08%	-7.64%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	12.72%	-9.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.27%	17.30%	-13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.08%	18.21%	-14.13%

MXLMX vs. MXVIX - Expense Ratio Comparison

MXLMX has a 0.90% expense ratio, which is higher than MXVIX's 0.51% expense ratio.

Dividends

MXLMX vs. MXVIX - Dividend Comparison

MXLMX's dividend yield for the trailing twelve months is around 3.27%, more than MXVIX's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
MXVIX Great-West S&P 500 Index Fund	0.35%	0.38%	0.95%	5.22%	1.25%	4.97%	8.27%	5.11%	10.56%	2.06%

Frequently Asked Questions

Can I hold both MXLMX and MXVIX in my portfolio?

MXLMX and MXVIX have a correlation of 0.49, 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 MXVIX?

MXVIX has higher volatility (3.44%) compared to MXLMX (0.80%). In terms of maximum drawdown, MXLMX dropped -36.94% vs MXVIX's -58.12%.

Which has better risk-adjusted returns?

MXVIX currently has the higher Sharpe Ratio (1.42 vs 1.37), 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.