MXREX vs. MXLZX

Last updated Jun 25, 2026

MXREX (Great-West Real Estate Index Fund) and MXLZX (Great-West Lifetime 2015 Fund) are both mutual funds - MXREX is a REIT fund managed by Great-West, while MXLZX is a Target Retirement Date fund managed by Great-West. Over the past 10 years, MXREX returned 4.34%/yr vs 5.58%/yr for MXLZX. A 0.57 correlation means they provide meaningful diversification when combined. MXREX charges 0.70%/yr vs 0.53%/yr for MXLZX.

Performance

MXREX vs. MXLZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Real Estate Index Fund (MXREX) and Great-West Lifetime 2015 Fund (MXLZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXREX achieves a 17.02% return, which is significantly higher than MXLZX's 4.00% return. Over the past 10 years, MXREX has underperformed MXLZX with an annualized return of 4.34%, while MXLZX has yielded a comparatively higher 5.58% annualized return.

MXREX

• 1D: 1.27%
• 1M: 1.92%
• YTD: 17.02%
• 6M: 16.49%
• 1Y: 19.44%
• 3Y*: 13.63%
• 5Y*: 4.79%
• 10Y*: 4.34%

MXLZX

• 1D: -0.63%
• 1M: 0.14%
• YTD: 4.00%
• 6M: 3.52%
• 1Y: 10.15%
• 3Y*: 8.56%
• 5Y*: 3.83%
• 10Y*: 5.58%

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

MXREX vs. MXLZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXREX Great-West Real Estate Index Fund	17.02%	3.16%	7.47%	13.31%	-26.44%	45.80%	-12.52%	22.41%	-4.92%	2.25%
MXLZX Great-West Lifetime 2015 Fund	4.00%	9.92%	6.22%	10.36%	-12.33%	8.53%	10.83%	15.41%	-7.03%	11.09%

Correlation

The correlation between MXREX and MXLZX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.57

The correlation between MXREX and MXLZX shifts across timeframes, from 0.46 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MXREX vs. MXLZX — Risk / Return Rank

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

MXREX

MXREX Risk / Return Rank: 38
MXREX Sharpe Ratio Rank: 32
MXREX Sortino Ratio Rank: 29
MXREX Omega Ratio Rank: 30
MXREX Calmar Ratio Rank: 54
MXREX Martin Ratio Rank: 45

MXLZX

MXLZX Risk / Return Rank: 48
MXLZX Sharpe Ratio Rank: 46
MXLZX Sortino Ratio Rank: 48
MXLZX Omega Ratio Rank: 50
MXLZX Calmar Ratio Rank: 43
MXLZX Martin Ratio Rank: 54

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.

MXREX vs. MXLZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Real Estate Index Fund (MXREX) and Great-West Lifetime 2015 Fund (MXLZX). 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.

	MXREX	MXLZX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.69	-0.24
Sortino ratio: Return per unit of downside risk	1.99	2.45	-0.47
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.62	2.21	+0.40
Martin ratio: Return relative to average drawdown	8.66	9.54	-0.88

MXREX vs. MXLZX - Sharpe Ratio Comparison

The current MXREX Sharpe Ratio is 1.45, which is comparable to the MXLZX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of MXREX and MXLZX, 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

MXREX vs. MXLZX - Drawdown Comparison

The maximum MXREX drawdown since its inception was -43.89%, which is greater than MXLZX's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for MXREX and MXLZX.

Drawdown Indicators

	MXREX	MXLZX	Difference
Max Drawdown Largest peak-to-trough decline	-43.89%	-20.60%	-23.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.73%	-4.60%	-3.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.79%	-6.49%	-12.30%
Max Drawdown (5Y) Largest decline over 5 years	-33.06%	-20.60%	-12.46%
Max Drawdown (10Y) Largest decline over 10 years	-43.89%	-20.60%	-23.29%
Current Drawdown Current decline from peak	-0.07%	-0.97%	+0.90%
Average Drawdown Average peak-to-trough decline	-11.59%	-4.75%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.07%	+1.24%

Volatility

MXREX vs. MXLZX - Volatility Comparison

Great-West Real Estate Index Fund (MXREX) has a higher volatility of 5.43% compared to Great-West Lifetime 2015 Fund (MXLZX) at 2.31%. This indicates that MXREX's price experiences larger fluctuations and is considered to be riskier than MXLZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXREX	MXLZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	2.31%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	4.78%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.96%	6.04%	+7.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	8.48%	+10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	8.40%	+13.57%

MXREX vs. MXLZX - Expense Ratio Comparison

MXREX has a 0.70% expense ratio, which is higher than MXLZX's 0.53% expense ratio.

Dividends

MXREX vs. MXLZX - Dividend Comparison

MXREX's dividend yield for the trailing twelve months is around 1.77%, less than MXLZX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXLZX Great-West Lifetime 2015 Fund	3.30%	3.43%	4.50%	4.14%	7.81%	7.85%	2.96%	6.00%	5.91%	2.12%
MXREX Great-West Real Estate Index Fund	1.77%	2.07%	6.74%	1.85%	4.69%	1.93%	1.60%	4.51%	4.10%	3.36%

Frequently Asked Questions

Can I hold both MXREX and MXLZX in my portfolio?

MXREX and MXLZX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXREX or MXLZX?

MXREX has higher volatility (5.43%) compared to MXLZX (2.31%). In terms of maximum drawdown, MXREX dropped -43.89% vs MXLZX's -20.60%.

Which has better risk-adjusted returns?

MXLZX currently has the higher Sharpe Ratio (1.69 vs 1.45), 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.