MXXIX vs. MGRIX

Last updated Jun 26, 2026

MXXIX (Marsico Midcap Growth Focus Fund) and MGRIX (Marsico Growth Fund) are both mutual funds - MXXIX is a Mid Cap Growth Equities fund managed by Marsico Investment Fund, while MGRIX is a Large Cap Growth Equities fund managed by Marsico Investment Fund. Over the past 10 years, MXXIX returned 17.60%/yr vs 17.43%/yr for MGRIX. Their correlation of 0.92 suggests significant overlap in exposure. MXXIX charges 1.33%/yr vs 1.34%/yr for MGRIX.

Performance

MXXIX vs. MGRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marsico Midcap Growth Focus Fund (MXXIX) and Marsico Growth Fund (MGRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXXIX achieves a 17.28% return, which is significantly higher than MGRIX's 1.52% return. Both investments have delivered pretty close results over the past 10 years, with MXXIX having a 17.60% annualized return and MGRIX not far behind at 17.43%.

MXXIX

• 1D: 0.49%
• 1M: 2.34%
• YTD: 17.28%
• 6M: 14.79%
• 1Y: 26.98%
• 3Y*: 32.77%
• 5Y*: 12.48%
• 10Y*: 17.60%

MGRIX

• 1D: 0.20%
• 1M: -4.55%
• YTD: 1.52%
• 6M: -0.24%
• 1Y: 9.29%
• 3Y*: 25.03%
• 5Y*: 10.53%
• 10Y*: 17.43%

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

MXXIX vs. MGRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXXIX Marsico Midcap Growth Focus Fund	17.28%	26.09%	42.95%	21.71%	-31.84%	12.04%	45.34%	29.88%	1.76%	30.05%
MGRIX Marsico Growth Fund	1.52%	12.73%	49.06%	47.46%	-36.44%	15.62%	52.96%	33.17%	-1.14%	31.22%

Correlation

The correlation between MXXIX and MGRIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000	0.92

The correlation between MXXIX and MGRIX shifts across timeframes, from 0.81 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MXXIX vs. MGRIX — Risk / Return Rank

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

MXXIX

MXXIX Risk / Return Rank: 33
MXXIX Sharpe Ratio Rank: 30
MXXIX Sortino Ratio Rank: 30
MXXIX Omega Ratio Rank: 27
MXXIX Calmar Ratio Rank: 38
MXXIX Martin Ratio Rank: 41

MGRIX

MGRIX Risk / Return Rank: 9
MGRIX Sharpe Ratio Rank: 9
MGRIX Sortino Ratio Rank: 9
MGRIX Omega Ratio Rank: 9
MGRIX Calmar Ratio Rank: 9
MGRIX Martin Ratio Rank: 11

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.

MXXIX vs. MGRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marsico Midcap Growth Focus Fund (MXXIX) and Marsico Growth Fund (MGRIX). 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.

	MXXIX	MGRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.56	+0.76
Sortino ratio: Return per unit of downside risk	1.91	0.89	+1.02
Omega ratio: Gain probability vs. loss probability	1.23	1.11	+0.12
Calmar ratio: Return relative to maximum drawdown	2.03	0.69	+1.35
Martin ratio: Return relative to average drawdown	7.65	2.43	+5.23

MXXIX vs. MGRIX - Sharpe Ratio Comparison

The current MXXIX Sharpe Ratio is 1.32, which is higher than the MGRIX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of MXXIX and MGRIX, 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

MXXIX vs. MGRIX - Drawdown Comparison

The maximum MXXIX drawdown since its inception was -62.49%, which is greater than MGRIX's maximum drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for MXXIX and MGRIX.

Drawdown Indicators

	MXXIX	MGRIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.49%	-56.50%	-5.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-13.55%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.05%	-24.86%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	-40.59%	-41.50%	+0.91%
Max Drawdown (10Y) Largest decline over 10 years	-40.59%	-41.50%	+0.91%
Current Drawdown Current decline from peak	-1.40%	-5.43%	+4.03%
Average Drawdown Average peak-to-trough decline	-18.32%	-14.80%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.82%	-0.36%

Volatility

MXXIX vs. MGRIX - Volatility Comparison

Marsico Midcap Growth Focus Fund (MXXIX) has a higher volatility of 7.04% compared to Marsico Growth Fund (MGRIX) at 6.69%. This indicates that MXXIX's price experiences larger fluctuations and is considered to be riskier than MGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXXIX	MGRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	6.69%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	16.32%	12.86%	+3.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	16.64%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	23.46%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	22.17%	-0.31%

MXXIX vs. MGRIX - Expense Ratio Comparison

MXXIX has a 1.33% expense ratio, which is lower than MGRIX's 1.34% expense ratio.

Dividends

MXXIX vs. MGRIX - Dividend Comparison

MXXIX's dividend yield for the trailing twelve months is around 10.19%, less than MGRIX's 16.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGRIX Marsico Growth Fund	16.04%	16.28%	16.44%	1.76%	0.00%	37.52%	6.21%	10.14%	14.36%	9.95%	0.84%	36.82%
MXXIX Marsico Midcap Growth Focus Fund	10.19%	11.95%	9.18%	1.24%	0.00%	14.22%	2.83%	3.26%	5.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MXXIX and MGRIX in my portfolio?

MXXIX and MGRIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXXIX or MGRIX?

MXXIX has higher volatility (7.04%) compared to MGRIX (6.69%). In terms of maximum drawdown, MXXIX dropped -62.49% vs MGRIX's -56.50%.

Which has better risk-adjusted returns?

MXXIX currently has the higher Sharpe Ratio (1.32 vs 0.56), 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.