MXSHX vs. MXISX

Last updated Jun 4, 2026

MXSHX (Great-West SecureFoundation Balanced Fund) and MXISX (Great-West S&P Small Cap 600 Index Fund) are both mutual funds - MXSHX is a Diversified Portfolio fund managed by Great-West, while MXISX is a Small Cap Blend Equities fund managed by Great-West. Over the past 10 years, MXSHX returned 7.17%/yr vs 9.88%/yr for MXISX. A 0.78 correlation means they provide meaningful diversification when combined. MXSHX charges 0.53%/yr vs 0.56%/yr for MXISX.

Performance

MXSHX vs. MXISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West SecureFoundation Balanced Fund (MXSHX) and Great-West S&P Small Cap 600 Index Fund (MXISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXSHX achieves a 8.23% return, which is significantly lower than MXISX's 16.11% return. Over the past 10 years, MXSHX has underperformed MXISX with an annualized return of 7.17%, while MXISX has yielded a comparatively higher 9.88% annualized return.

MXSHX

• 1D: 0.32%
• 1M: 3.26%
• YTD: 8.23%
• 6M: 8.50%
• 1Y: 18.65%
• 3Y*: 12.24%
• 5Y*: 5.68%
• 10Y*: 7.17%

MXISX

• 1D: 0.94%
• 1M: 2.60%
• YTD: 16.11%
• 6M: 14.87%
• 1Y: 32.09%
• 3Y*: 13.85%
• 5Y*: 5.18%
• 10Y*: 9.88%

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

MXSHX vs. MXISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXSHX Great-West SecureFoundation Balanced Fund	8.23%	12.78%	7.76%	13.40%	-14.56%	11.15%	13.55%	18.39%	-7.74%	12.83%
MXISX Great-West S&P Small Cap 600 Index Fund	16.11%	5.53%	7.87%	14.61%	-16.60%	26.08%	10.73%	21.46%	-9.22%	11.80%

Correlation

The correlation between MXSHX and MXISX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009	0.78

The correlation between MXSHX and MXISX has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.

Return for Risk

MXSHX vs. MXISX — Risk / Return Rank

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

MXSHX

MXSHX Risk / Return Rank: 59
MXSHX Sharpe Ratio Rank: 57
MXSHX Sortino Ratio Rank: 58
MXSHX Omega Ratio Rank: 56
MXSHX Calmar Ratio Rank: 60
MXSHX Martin Ratio Rank: 64

MXISX

MXISX Risk / Return Rank: 60
MXISX Sharpe Ratio Rank: 49
MXISX Sortino Ratio Rank: 50
MXISX Omega Ratio Rank: 44
MXISX Calmar Ratio Rank: 86
MXISX Martin Ratio Rank: 71

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.

MXSHX vs. MXISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West SecureFoundation Balanced Fund (MXSHX) and Great-West S&P Small Cap 600 Index Fund (MXISX). 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.

	MXSHX	MXISX	Difference
Sharpe ratio Return per unit of total volatility	2.23	2.06	+0.17
Sortino ratio Return per unit of downside risk	3.22	2.98	+0.24
Omega ratio Gain probability vs. loss probability	1.42	1.36	+0.06
Calmar ratio Return relative to maximum drawdown	2.98	4.11	-1.13
Martin ratio Return relative to average drawdown	12.47	13.70	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXSHX vs. MXISX - Sharpe Ratio Comparison

The current MXSHX Sharpe Ratio is 2.23, which is comparable to the MXISX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MXSHX and MXISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MXSHX	MXISX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.06	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.24	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.42	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.21	+0.32

Drawdowns

MXSHX vs. MXISX - Drawdown Comparison

The maximum MXSHX drawdown since its inception was -23.44%, smaller than the maximum MXISX drawdown of -70.66%. Use the drawdown chart below to compare losses from any high point for MXSHX and MXISX.

Drawdown Indicators

	MXSHX	MXISX	Difference
Max Drawdown Largest peak-to-trough decline	-23.44%	-70.66%	+47.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-8.75%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-10.68%	-28.07%	+17.39%
Max Drawdown (5Y) Largest decline over 5 years	-23.44%	-28.07%	+4.63%
Max Drawdown (10Y) Largest decline over 10 years	-23.44%	-44.78%	+21.34%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.01%	-21.86%	+17.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.62%	-1.09%

Volatility

MXSHX vs. MXISX - Volatility Comparison

The current volatility for Great-West SecureFoundation Balanced Fund (MXSHX) is 2.75%, while Great-West S&P Small Cap 600 Index Fund (MXISX) has a volatility of 4.55%. This indicates that MXSHX experiences smaller price fluctuations and is considered to be less risky than MXISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXSHX	MXISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	4.55%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	6.72%	11.70%	-4.98%
Volatility (1Y) Calculated over the trailing 1-year period	8.57%	17.48%	-8.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	21.75%	-10.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.21%	23.85%	-12.64%

MXSHX vs. MXISX - Expense Ratio Comparison

MXSHX has a 0.53% expense ratio, which is lower than MXISX's 0.56% expense ratio.

Dividends

MXSHX vs. MXISX - Dividend Comparison

MXSHX's dividend yield for the trailing twelve months is around 3.30%, less than MXISX's 6.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXISX Great-West S&P Small Cap 600 Index Fund	6.42%	7.45%	4.53%	2.41%	6.55%	10.79%	6.55%	6.71%	14.30%	8.68%	4.94%	10.96%
MXSHX Great-West SecureFoundation Balanced Fund	3.30%	3.57%	7.40%	3.48%	6.32%	8.80%	5.40%	7.08%	6.39%	1.83%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXSHX and MXISX in my portfolio?

MXSHX and MXISX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXSHX or MXISX?

MXISX has higher volatility (4.55%) compared to MXSHX (2.75%). In terms of maximum drawdown, MXSHX dropped -23.44% vs MXISX's -70.66%.

Which has better risk-adjusted returns?

MXSHX currently has the higher Sharpe Ratio (2.23 vs 2.06), 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.