MXREX vs. MXMDX
MXREX (Great-West Real Estate Index Fund) and MXMDX (Great-West S&P Mid Cap 400 Index Fund) are both mutual funds - MXREX is a REIT fund managed by Great-West, while MXMDX is a Mid Cap Blend Equities fund managed by Great-West. Over the past 10 years, MXREX returned 4.34%/yr vs 10.50%/yr for MXMDX. A 0.62 correlation means they provide meaningful diversification when combined. MXREX charges 0.70%/yr vs 0.55%/yr for MXMDX.
Performance
MXREX vs. MXMDX - Performance Comparison
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Returns By Period
In the year-to-date period, MXREX achieves a 17.02% return, which is significantly higher than MXMDX's 14.38% return. Over the past 10 years, MXREX has underperformed MXMDX with an annualized return of 4.34%, while MXMDX has yielded a comparatively higher 10.50% 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%
MXMDX
- 1D
- -1.03%
- 1M
- 2.64%
- YTD
- 14.38%
- 6M
- 12.06%
- 1Y
- 23.34%
- 3Y*
- 15.50%
- 5Y*
- 7.89%
- 10Y*
- 10.50%
MXREX vs. MXMDX - 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% |
MXMDX Great-West S&P Mid Cap 400 Index Fund | 14.38% | 6.90% | 13.23% | 15.75% | -13.60% | 24.25% | 12.84% | 25.48% | -12.02% | 15.01% |
Correlation
The correlation between MXREX and MXMDX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.62 |
The correlation between MXREX and MXMDX shifts across timeframes, from 0.49 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXREX vs. MXMDX — Risk / Return Rank
MXREX
MXMDX
MXREX vs. MXMDX - 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 S&P Mid Cap 400 Index Fund (MXMDX). 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 | MXMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.87 | -0.25 |
| Martin ratioReturn relative to average drawdown | 8.66 | 10.31 | -1.65 |
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Drawdowns
MXREX vs. MXMDX - Drawdown Comparison
The maximum MXREX drawdown since its inception was -43.89%, which is greater than MXMDX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for MXREX and MXMDX.
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Drawdown Indicators
| MXREX | MXMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.89% | -41.80% | -2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -8.87% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -24.15% | +5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | -24.15% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -43.89% | -41.80% | -2.09% |
Current DrawdownCurrent decline from peak | -0.07% | -1.07% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -5.93% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.43% | -0.12% |
Volatility
MXREX vs. MXMDX - Volatility Comparison
Great-West Real Estate Index Fund (MXREX) has a higher volatility of 5.43% compared to Great-West S&P Mid Cap 400 Index Fund (MXMDX) at 4.73%. This indicates that MXREX's price experiences larger fluctuations and is considered to be riskier than MXMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXREX | MXMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 4.73% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 11.72% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.96% | 15.65% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 20.02% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 21.21% | +0.76% |
MXREX vs. MXMDX - Expense Ratio Comparison
MXREX has a 0.70% expense ratio, which is higher than MXMDX's 0.55% expense ratio.
Dividends
MXREX vs. MXMDX - Dividend Comparison
MXREX's dividend yield for the trailing twelve months is around 1.77%, less than MXMDX's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXMDX Great-West S&P Mid Cap 400 Index Fund | 5.82% | 6.66% | 3.04% | 4.76% | 4.35% | 5.24% | 5.74% | 3.74% | 8.13% | 4.51% |
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
MXREX and MXMDX 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.
MXREX has higher volatility (5.43%) compared to MXMDX (4.73%). In terms of maximum drawdown, MXREX dropped -43.89% vs MXMDX's -41.80%.
MXMDX currently has the higher Sharpe Ratio (1.63 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.
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