MXRLX vs. DRILX

Last updated Aug 1, 2026

MXRLX (Great-West Lifetime 2045 Fund) and DRILX (Dimensional 2060 Target Date Retirement Income Fund) are both Target Retirement Date funds. Over the past 10 years, MXRLX returned 9.05%/yr vs 12.21%/yr for DRILX. Their correlation of 0.83 means they have usually moved in the same direction. MXRLX charges 0.57%/yr vs 0.22%/yr for DRILX.

Performance

MXRLX vs. DRILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Lifetime 2045 Fund (MXRLX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXRLX achieves a 9.73% return, which is significantly lower than DRILX's 10.77% return. Over the past 10 years, MXRLX has underperformed DRILX with an annualized return of 9.05%, while DRILX has yielded a comparatively higher 12.21% annualized return.

MXRLX

• 1D: 1.49%
• 1M: -0.06%
• 6M: 6.72%
• YTD: 9.73%
• 1Y: 19.05%
• 3Y*: 13.36%
• 5Y*: 7.15%
• 10Y*: 9.05%
• ALL TIME*: 6.66%

DRILX

• 1D: 1.68%
• 1M: -0.12%
• 6M: 7.61%
• YTD: 10.77%
• 1Y: 20.94%
• 3Y*: 17.27%
• 5Y*: 11.02%
• 10Y*: 12.21%
• ALL TIME*: 12.31%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRILX Dimensional 2060 Target Date Retirement Income Fund	$0.00	$0.00	$0.00
MXRLX Great-West Lifetime 2045 Fund	$0.00	$0.00	$0.00

MXRLX vs. DRILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXRLX Great-West Lifetime 2045 Fund	9.73%	16.52%	10.39%	16.96%	-16.86%	16.12%	13.50%	25.56%	-12.99%	20.69%
DRILX Dimensional 2060 Target Date Retirement Income Fund	10.77%	19.66%	17.10%	21.37%	-15.28%	21.08%	14.10%	25.61%	-9.07%	21.51%

Correlation

The correlation between MXRLX and DRILX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.83

The correlation between MXRLX and DRILX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

MXRLX vs. DRILX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MXRLX

MXRLX Risk / Return Rank: 49
MXRLX Sharpe Ratio Rank: 44
MXRLX Sortino Ratio Rank: 45
MXRLX Omega Ratio Rank: 46
MXRLX Calmar Ratio Rank: 52
MXRLX Martin Ratio Rank: 60

DRILX

DRILX Risk / Return Rank: 77
DRILX Sharpe Ratio Rank: 76
DRILX Sortino Ratio Rank: 75
DRILX Omega Ratio Rank: 73
DRILX Calmar Ratio Rank: 77
DRILX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MXRLX vs. DRILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2045 Fund (MXRLX) and Dimensional 2060 Target Date Retirement Income Fund (DRILX). 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.

	MXRLX	DRILX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.80	-0.44
Sortino ratio: Return per unit of downside risk	1.97	2.54	-0.58
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.02	2.54	-0.52
Martin ratio: Return relative to average drawdown	8.21	10.64	-2.43

MXRLX vs. DRILX - Sharpe Ratio Comparison

The current MXRLX Sharpe Ratio is 1.36, which is comparable to the DRILX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of MXRLX and DRILX, 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

MXRLX vs. DRILX - Drawdown Comparison

The maximum MXRLX drawdown since its inception was -40.66%, which is greater than DRILX's maximum drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for MXRLX and DRILX.

Drawdown Indicators

	MXRLX	DRILX	Difference
Max Drawdown Largest peak-to-trough decline	-40.66%	-33.48%	-7.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-8.58%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-15.76%	+1.59%
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	-23.50%	-5.16%
Max Drawdown (10Y) Largest decline over 10 years	-32.95%	-33.48%	+0.53%
Current Drawdown Current decline from peak	-0.85%	-1.44%	+0.59%
Average Drawdown Average peak-to-trough decline	-10.51%	-4.19%	-6.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.99%	+0.11%

Volatility

MXRLX vs. DRILX - Volatility Comparison

The current volatility for Great-West Lifetime 2045 Fund (MXRLX) is 2.95%, while Dimensional 2060 Target Date Retirement Income Fund (DRILX) has a volatility of 3.38%. This indicates that MXRLX experiences smaller price fluctuations and is considered to be less risky than DRILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXRLX	DRILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.38%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	9.90%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	12.09%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	14.95%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	15.69%	+0.42%

MXRLX vs. DRILX - Expense Ratio Comparison

MXRLX has a 0.57% expense ratio, which is higher than DRILX's 0.22% expense ratio.

Dividends

MXRLX vs. DRILX - Dividend Comparison

MXRLX's dividend yield for the trailing twelve months is around 4.20%, more than DRILX's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRILX Dimensional 2060 Target Date Retirement Income Fund	1.82%	1.47%	2.40%	3.26%	3.97%	2.25%	2.11%	2.12%	2.25%	0.91%	1.96%
MXRLX Great-West Lifetime 2045 Fund	4.20%	4.61%	6.48%	4.42%	9.59%	10.39%	5.64%	10.54%	11.75%	3.37%	0.00%

Frequently Asked Questions

Can I hold both MXRLX and DRILX in my portfolio?

With a correlation of 0.91, MXRLX and DRILX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MXRLX or DRILX?

DRILX has higher volatility (3.38%) compared to MXRLX (2.95%). In terms of maximum drawdown, MXRLX dropped -40.66% vs DRILX's -33.48%.

Which has better risk-adjusted returns?

DRILX currently has the higher Sharpe Ratio (1.80 vs 1.36), 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.