MXRLX vs. MXIVX

Last updated Jun 13, 2026

MXRLX (Great-West Lifetime 2045 Fund) and MXIVX (Great-West International Value Fund) are both mutual funds - MXRLX is a Target Retirement Date fund managed by Great-West, while MXIVX is a Foreign Large Cap Equities fund managed by Great-West. Over the past 10 years, MXRLX returned 9.40%/yr vs 9.40%/yr for MXIVX. A 0.77 correlation means they provide meaningful diversification when combined. MXRLX charges 0.57%/yr vs 1.07%/yr for MXIVX.

Performance

MXRLX vs. MXIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Lifetime 2045 Fund (MXRLX) and Great-West International Value Fund (MXIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXRLX achieves a 8.52% return, which is significantly higher than MXIVX's 7.44% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MXRLX at 9.40% and MXIVX at 9.40%.

MXRLX

• 1D: 2.02%
• 1M: 0.56%
• YTD: 8.52%
• 6M: 8.88%
• 1Y: 18.82%
• 3Y*: 14.63%
• 5Y*: 6.99%
• 10Y*: 9.40%

MXIVX

• 1D: 2.16%
• 1M: 0.29%
• YTD: 7.44%
• 6M: 9.17%
• 1Y: 21.98%
• 3Y*: 19.05%
• 5Y*: 9.44%
• 10Y*: 9.40%

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

MXRLX vs. MXIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXRLX Great-West Lifetime 2045 Fund	8.52%	16.52%	10.39%	16.96%	-16.86%	16.12%	13.50%	25.56%	-12.99%	20.69%
MXIVX Great-West International Value Fund	7.44%	39.08%	5.46%	18.05%	-15.20%	10.38%	10.20%	22.07%	-15.68%	25.12%

Correlation

The correlation between MXRLX and MXIVX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 4, 2009	0.77

The correlation between MXRLX and MXIVX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

MXRLX vs. MXIVX — Risk / Return Rank

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

MXRLX

MXRLX Risk / Return Rank: 43
MXRLX Sharpe Ratio Rank: 39
MXRLX Sortino Ratio Rank: 38
MXRLX Omega Ratio Rank: 41
MXRLX Calmar Ratio Rank: 45
MXRLX Martin Ratio Rank: 52

MXIVX

MXIVX Risk / Return Rank: 46
MXIVX Sharpe Ratio Rank: 50
MXIVX Sortino Ratio Rank: 49
MXIVX Omega Ratio Rank: 47
MXIVX Calmar Ratio Rank: 41
MXIVX Martin Ratio Rank: 42

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.

MXRLX vs. MXIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2045 Fund (MXRLX) and Great-West International Value Fund (MXIVX). 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	MXIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.69	-0.14
Sortino ratio: Return per unit of downside risk	2.20	2.38	-0.18
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.26	2.09	+0.18
Martin ratio: Return relative to average drawdown	9.24	7.67	+1.56

MXRLX vs. MXIVX - Sharpe Ratio Comparison

The current MXRLX Sharpe Ratio is 1.55, which is comparable to the MXIVX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of MXRLX and MXIVX, 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. MXIVX - Drawdown Comparison

The maximum MXRLX drawdown since its inception was -40.66%, smaller than the maximum MXIVX drawdown of -76.77%. Use the drawdown chart below to compare losses from any high point for MXRLX and MXIVX.

Drawdown Indicators

	MXRLX	MXIVX	Difference
Max Drawdown Largest peak-to-trough decline	-40.66%	-76.77%	+36.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-11.65%	+3.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-13.63%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-28.66%	-29.13%	+0.47%
Max Drawdown (10Y) Largest decline over 10 years	-32.95%	-33.18%	+0.23%
Current Drawdown Current decline from peak	-1.28%	-2.63%	+1.35%
Average Drawdown Average peak-to-trough decline	-10.58%	-22.17%	+11.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	3.10%	-1.01%

Volatility

MXRLX vs. MXIVX - Volatility Comparison

Great-West Lifetime 2045 Fund (MXRLX) and Great-West International Value Fund (MXIVX) have volatilities of 4.34% and 4.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXRLX	MXIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.54%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	11.51%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	14.34%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	16.09%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	19.44%	-3.25%

MXRLX vs. MXIVX - Expense Ratio Comparison

MXRLX has a 0.57% expense ratio, which is lower than MXIVX's 1.07% expense ratio.

Dividends

MXRLX vs. MXIVX - Dividend Comparison

MXRLX's dividend yield for the trailing twelve months is around 4.25%, less than MXIVX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXIVX Great-West International Value Fund	5.55%	5.96%	4.97%	3.27%	2.99%	4.27%	1.99%	2.42%	27.79%	2.85%
MXRLX Great-West Lifetime 2045 Fund	4.25%	4.61%	6.48%	4.42%	9.59%	10.39%	5.64%	10.54%	11.75%	3.37%

Frequently Asked Questions

Can I hold both MXRLX and MXIVX in my portfolio?

MXRLX and MXIVX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXRLX or MXIVX?

MXIVX has higher volatility (4.54%) compared to MXRLX (4.34%). In terms of maximum drawdown, MXRLX dropped -40.66% vs MXIVX's -76.77%.

Which has better risk-adjusted returns?

MXIVX currently has the higher Sharpe Ratio (1.69 vs 1.55), 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.