MXMGX vs. RIPIX
MXMGX (Great-West T. Rowe Price Mid Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, MXMGX returned 1.88%/yr vs -4.67%/yr for RIPIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MXMGX charges 1.02%/yr vs 1.04%/yr for RIPIX.
Performance
MXMGX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXMGX achieves a 3.41% return, which is significantly higher than RIPIX's 2.31% return.
MXMGX
- 1D
- 1.31%
- 1M
- -0.75%
- 6M
- 3.60%
- YTD
- 3.41%
- 1Y
- 4.53%
- 3Y*
- 6.84%
- 5Y*
- 1.88%
- 10Y*
- 8.77%
- ALL TIME*
- 5.93%
RIPIX
- 1D
- 1.18%
- 1M
- 0.23%
- 6M
- 2.48%
- YTD
- 2.31%
- 1Y
- -2.85%
- 3Y*
- 3.08%
- 5Y*
- -4.67%
- 10Y*
- —
- ALL TIME*
- 2.23%
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 |
MXMGX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund | 3.41% | 2.99% | 9.02% | 19.61% | -22.82% | 15.25% | 23.65% | 31.28% | -7.15% |
RIPIX Royce International Premier Fund Institutional Class | 2.31% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between MXMGX and RIPIX is 0.54, 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. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.63 |
The correlation between MXMGX and RIPIX has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
MXMGX vs. RIPIX — Risk / Return Rank
MXMGX
RIPIX
MXMGX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) and Royce International Premier Fund Institutional Class (RIPIX). 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.
| MXMGX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.98 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | -0.15 | +0.64 |
| Martin ratioReturn relative to average drawdown | 1.63 | -0.37 | +1.99 |
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Drawdowns
MXMGX vs. RIPIX - Drawdown Comparison
The maximum MXMGX drawdown since its inception was -60.97%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for MXMGX and RIPIX.
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Drawdown Indicators
| MXMGX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.97% | -41.89% | -19.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -15.33% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -17.28% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -32.33% | -41.89% | +9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -24.58% | +23.40% |
Average DrawdownAverage peak-to-trough decline | -11.74% | -18.16% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 6.22% | -3.13% |
Volatility
MXMGX vs. RIPIX - Volatility Comparison
The current volatility for Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) is 2.89%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.61%. This indicates that MXMGX experiences smaller price fluctuations and is considered to be less risky than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXMGX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 4.61% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 11.52% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 13.87% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 15.55% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 16.13% | +2.77% |
MXMGX vs. RIPIX - Expense Ratio Comparison
MXMGX has a 1.02% expense ratio, which is lower than RIPIX's 1.04% expense ratio.
Dividends
MXMGX vs. RIPIX - Dividend Comparison
MXMGX's dividend yield for the trailing twelve months is around 1.63%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund | 1.63% | 1.68% | 3.66% | 2.39% | 2.66% | 4.92% | 2.74% | 2.19% | 6.13% | 4.53% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% |
Frequently Asked Questions
MXMGX and RIPIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.61%) compared to MXMGX (2.89%). In terms of maximum drawdown, MXMGX dropped -60.97% vs RIPIX's -41.89%.
MXMGX currently has the higher Sharpe Ratio (0.37 vs -0.16), 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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