Correlation
The correlation between MXREX and XLE is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MXREX vs. XLE
Compare and contrast key facts about Great-West Real Estate Index Fund (MXREX) and Energy Select Sector SPDR Fund (XLE).
MXREX is managed by Great-West. It was launched on Nov 27, 2012. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXREX or XLE.
Performance
MXREX vs. XLE - Performance Comparison
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Key characteristics
MXREX:
0.65
XLE:
-0.29
MXREX:
1.02
XLE:
-0.30
MXREX:
1.15
XLE:
0.96
MXREX:
0.63
XLE:
-0.44
MXREX:
2.39
XLE:
-1.11
MXREX:
5.83%
XLE:
7.90%
MXREX:
20.72%
XLE:
25.24%
MXREX:
-43.89%
XLE:
-71.54%
MXREX:
-10.38%
XLE:
-14.82%
Returns By Period
In the year-to-date period, MXREX achieves a 0.08% return, which is significantly higher than XLE's -4.08% return. Both investments have delivered pretty close results over the past 10 years, with MXREX having a 4.33% annualized return and XLE not far ahead at 4.39%.
MXREX
0.08%
1.77%
-7.64%
13.43%
1.69%
8.37%
4.33%
XLE
-4.08%
0.90%
-13.27%
-9.64%
1.39%
20.92%
4.39%
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MXREX vs. XLE - Expense Ratio Comparison
MXREX has a 0.70% expense ratio, which is higher than XLE's 0.13% expense ratio.
Risk-Adjusted Performance
MXREX vs. XLE — Risk-Adjusted Performance Rank
MXREX
XLE
MXREX vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Real Estate Index Fund (MXREX) and Energy Select Sector SPDR Fund (XLE). 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.
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Dividends
MXREX vs. XLE - Dividend Comparison
MXREX's dividend yield for the trailing twelve months is around 6.73%, more than XLE's 3.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXREX Great-West Real Estate Index Fund | 6.73% | 6.73% | 1.83% | 4.68% | 1.93% | 1.60% | 4.55% | 4.11% | 4.31% | 8.97% | 6.32% | 3.28% |
XLE Energy Select Sector SPDR Fund | 3.51% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
MXREX vs. XLE - Drawdown Comparison
The maximum MXREX drawdown since its inception was -43.89%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for MXREX and XLE.
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Volatility
MXREX vs. XLE - Volatility Comparison
The current volatility for Great-West Real Estate Index Fund (MXREX) is 4.94%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.36%. This indicates that MXREX experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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