MXMGX vs. SMCWX

Last updated Jun 26, 2026

MXMGX (Great-West T. Rowe Price Mid Cap Growth Fund) and SMCWX (American Funds SMALLCAP World Fund Class A) are both mutual funds - MXMGX is a Mid Cap Growth Equities fund managed by T. Rowe Price, while SMCWX is a Foreign Small & Mid Cap Equities fund managed by American Funds. Over the past 10 years, MXMGX returned 9.38%/yr vs 10.60%/yr for SMCWX. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 1.02% expense ratio.

Performance

MXMGX vs. SMCWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) and American Funds SMALLCAP World Fund Class A (SMCWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXMGX achieves a 1.65% return, which is significantly lower than SMCWX's 14.59% return. Over the past 10 years, MXMGX has underperformed SMCWX with an annualized return of 9.38%, while SMCWX has yielded a comparatively higher 10.60% annualized return.

MXMGX

• 1D: 0.86%
• 1M: -0.15%
• YTD: 1.65%
• 6M: 0.16%
• 1Y: 5.02%
• 3Y*: 7.67%
• 5Y*: 2.08%
• 10Y*: 9.38%

SMCWX

• 1D: 0.29%
• 1M: 1.10%
• YTD: 14.59%
• 6M: 12.91%
• 1Y: 24.02%
• 3Y*: 13.41%
• 5Y*: 1.83%
• 10Y*: 10.60%

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

MXMGX vs. SMCWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund	1.65%	2.99%	9.02%	19.61%	-22.82%	15.25%	23.65%	31.28%	-2.80%	23.89%
SMCWX American Funds SMALLCAP World Fund Class A	14.59%	14.07%	2.33%	18.86%	-29.90%	10.14%	37.46%	30.79%	-9.75%	26.85%

Correlation

The correlation between MXMGX and SMCWX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 1, 1997	0.84

The correlation between MXMGX and SMCWX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Return for Risk

MXMGX vs. SMCWX — Risk / Return Rank

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

MXMGX

MXMGX Risk / Return Rank: 6
MXMGX Sharpe Ratio Rank: 6
MXMGX Sortino Ratio Rank: 6
MXMGX Omega Ratio Rank: 6
MXMGX Calmar Ratio Rank: 7
MXMGX Martin Ratio Rank: 7

SMCWX

SMCWX Risk / Return Rank: 36
SMCWX Sharpe Ratio Rank: 34
SMCWX Sortino Ratio Rank: 35
SMCWX Omega Ratio Rank: 33
SMCWX Calmar Ratio Rank: 37
SMCWX Martin Ratio Rank: 43

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.

MXMGX vs. SMCWX - 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 American Funds SMALLCAP World Fund Class A (SMCWX). 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	SMCWX	Difference
Sharpe ratio: Return per unit of total volatility	0.32	1.41	-1.09
Sortino ratio: Return per unit of downside risk	0.56	2.08	-1.52
Omega ratio: Gain probability vs. loss probability	1.06	1.26	-0.19
Calmar ratio: Return relative to maximum drawdown	0.43	2.01	-1.58
Martin ratio: Return relative to average drawdown	1.43	7.97	-6.53

MXMGX vs. SMCWX - Sharpe Ratio Comparison

The current MXMGX Sharpe Ratio is 0.32, which is lower than the SMCWX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of MXMGX and SMCWX, 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

MXMGX vs. SMCWX - Drawdown Comparison

The maximum MXMGX drawdown since its inception was -60.97%, roughly equal to the maximum SMCWX drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for MXMGX and SMCWX.

Drawdown Indicators

	MXMGX	SMCWX	Difference
Max Drawdown Largest peak-to-trough decline	-60.97%	-62.46%	+1.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	-11.83%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	-21.40%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-32.33%	-39.79%	+7.46%
Max Drawdown (10Y) Largest decline over 10 years	-35.88%	-39.79%	+3.91%
Current Drawdown Current decline from peak	-2.19%	-1.93%	-0.26%
Average Drawdown Average peak-to-trough decline	-11.78%	-14.89%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.98%	+0.06%

Volatility

MXMGX vs. SMCWX - Volatility Comparison

The current volatility for Great-West T. Rowe Price Mid Cap Growth Fund (MXMGX) is 4.50%, while American Funds SMALLCAP World Fund Class A (SMCWX) has a volatility of 6.86%. This indicates that MXMGX experiences smaller price fluctuations and is considered to be less risky than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXMGX	SMCWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	6.86%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	14.07%	-3.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	16.88%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.07%	18.40%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	17.92%	+1.02%

MXMGX vs. SMCWX - Expense Ratio Comparison

Both MXMGX and SMCWX have an expense ratio of 1.02%.

Dividends

MXMGX vs. SMCWX - Dividend Comparison

MXMGX's dividend yield for the trailing twelve months is around 1.65%, less than SMCWX's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXMGX Great-West T. Rowe Price Mid Cap Growth Fund	1.65%	1.68%	3.66%	2.39%	2.66%	4.92%	2.74%	2.19%	6.13%	4.53%	0.00%	0.00%
SMCWX American Funds SMALLCAP World Fund Class A	4.20%	4.84%	0.60%	0.64%	0.00%	9.24%	1.60%	4.24%	7.06%	4.48%	0.35%	6.49%

Frequently Asked Questions

Can I hold both MXMGX and SMCWX in my portfolio?

MXMGX and SMCWX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXMGX or SMCWX?

SMCWX has higher volatility (6.86%) compared to MXMGX (4.50%). In terms of maximum drawdown, MXMGX dropped -60.97% vs SMCWX's -62.46%.

Which has better risk-adjusted returns?

SMCWX currently has the higher Sharpe Ratio (1.41 vs 0.32), 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.