MXREX vs. GRIFX
Compare and contrast key facts about Great-West Real Estate Index Fund (MXREX) and Apollo Diversified Real Estate Fund Class I (GRIFX).
MXREX is managed by Great-West. It was launched on Nov 27, 2012. GRIFX is an actively managed fund by Apollo. It was launched on Jun 30, 2014.
Performance
MXREX vs. GRIFX - Performance Comparison
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MXREX vs. GRIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 4.34% | 3.16% | 7.47% | 13.31% | -26.44% | 45.80% | -12.52% | 22.41% | -4.92% | 2.25% |
GRIFX Apollo Diversified Real Estate Fund Class I | 1.73% | 1.14% | 3.78% | -3.05% | -1.17% | 22.08% | -2.69% | 8.38% | 4.97% | 6.73% |
Returns By Period
In the year-to-date period, MXREX achieves a 4.34% return, which is significantly higher than GRIFX's 1.73% return. Over the past 10 years, MXREX has underperformed GRIFX with an annualized return of 3.08%, while GRIFX has yielded a comparatively higher 4.46% annualized return.
MXREX
- 1D
- 1.43%
- 1M
- -6.11%
- YTD
- 4.34%
- 6M
- 3.29%
- 1Y
- 6.67%
- 3Y*
- 8.48%
- 5Y*
- 4.86%
- 10Y*
- 3.08%
GRIFX
- 1D
- 0.24%
- 1M
- -1.27%
- YTD
- 1.73%
- 6M
- 1.39%
- 1Y
- 2.95%
- 3Y*
- 1.50%
- 5Y*
- 3.73%
- 10Y*
- 4.46%
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MXREX vs. GRIFX - Expense Ratio Comparison
MXREX has a 0.70% expense ratio, which is lower than GRIFX's 2.23% expense ratio.
Return for Risk
MXREX vs. GRIFX — Risk / Return Rank
MXREX
GRIFX
MXREX vs. GRIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Real Estate Index Fund (MXREX) and Apollo Diversified Real Estate Fund Class I (GRIFX). 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.
| MXREX | GRIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 0.65 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.67 | 0.94 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.85 | -0.40 |
Martin ratioReturn relative to average drawdown | 1.96 | 3.72 | -1.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXREX | GRIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.65 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.67 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.97 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.01 | -0.83 |
Correlation
The correlation between MXREX and GRIFX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MXREX vs. GRIFX - Dividend Comparison
MXREX's dividend yield for the trailing twelve months is around 1.98%, less than GRIFX's 5.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 1.98% | 2.07% | 6.74% | 1.85% | 4.69% | 1.93% | 1.60% | 4.51% | 4.10% | 3.36% | 0.00% | 0.00% |
GRIFX Apollo Diversified Real Estate Fund Class I | 5.28% | 5.37% | 5.27% | 5.46% | 4.14% | 3.67% | 5.26% | 5.27% | 5.29% | 5.22% | 5.27% | 2.62% |
Drawdowns
MXREX vs. GRIFX - Drawdown Comparison
The maximum MXREX drawdown since its inception was -43.89%, which is greater than GRIFX's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for MXREX and GRIFX.
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Drawdown Indicators
| MXREX | GRIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.89% | -14.29% | -29.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -3.61% | -9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | -14.29% | -18.77% |
Max Drawdown (10Y)Largest decline over 10 years | -43.89% | -14.29% | -29.60% |
Current DrawdownCurrent decline from peak | -6.11% | -4.02% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -3.38% | -8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 0.83% | +2.22% |
Volatility
MXREX vs. GRIFX - Volatility Comparison
Great-West Real Estate Index Fund (MXREX) has a higher volatility of 4.48% compared to Apollo Diversified Real Estate Fund Class I (GRIFX) at 0.88%. This indicates that MXREX's price experiences larger fluctuations and is considered to be riskier than GRIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXREX | GRIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 0.88% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 2.48% | +6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 4.58% | +13.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 5.56% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 4.62% | +17.32% |