MXXLX vs. MXBIX
MXXLX (Great-West Lifetime 2055 Fund) and MXBIX (Great-West Bond Index Fund) are both mutual funds - MXXLX is a Target Retirement Date fund managed by Great-West, while MXBIX is a Intermediate Core Bond fund managed by Great-West. Over the past 10 years, MXXLX returned 10.03%/yr vs 0.92%/yr for MXBIX. At a correlation of -0.11, they often move in opposite directions. MXXLX charges 0.57%/yr vs 0.50%/yr for MXBIX.
Performance
MXXLX vs. MXBIX - Performance Comparison
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Returns By Period
In the year-to-date period, MXXLX achieves a 11.02% return, which is significantly higher than MXBIX's 0.15% return. Over the past 10 years, MXXLX has outperformed MXBIX with an annualized return of 10.03%, while MXBIX has yielded a comparatively lower 0.92% annualized return.
MXXLX
- 1D
- 0.00%
- 1M
- 1.88%
- YTD
- 11.02%
- 6M
- 10.24%
- 1Y
- 23.20%
- 3Y*
- 15.95%
- 5Y*
- 7.86%
- 10Y*
- 10.03%
MXBIX
- 1D
- -0.23%
- 1M
- 0.54%
- YTD
- 0.15%
- 6M
- 0.23%
- 1Y
- 3.73%
- 3Y*
- 3.42%
- 5Y*
- -0.53%
- 10Y*
- 0.92%
MXXLX vs. MXBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXXLX Great-West Lifetime 2055 Fund | 11.02% | 17.54% | 10.65% | 17.25% | -17.19% | 16.12% | 13.57% | 25.75% | -13.05% | 21.19% |
MXBIX Great-West Bond Index Fund | 0.15% | 6.62% | 0.82% | 5.02% | -13.69% | -2.33% | 7.10% | 8.09% | -0.26% | 2.56% |
Correlation
The correlation between MXXLX and MXBIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 4, 2009 | -0.11 |
The correlation between MXXLX and MXBIX shifts across timeframes, from -0.11 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MXXLX vs. MXBIX — Risk / Return Rank
MXXLX
MXBIX
MXXLX vs. MXBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Lifetime 2055 Fund (MXXLX) and Great-West Bond Index Fund (MXBIX). 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.
| MXXLX | MXBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.46 | +1.21 |
| Martin ratioReturn relative to average drawdown | 11.29 | 4.06 | +7.24 |
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Drawdowns
MXXLX vs. MXBIX - Drawdown Comparison
The maximum MXXLX drawdown since its inception was -33.59%, which is greater than MXBIX's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for MXXLX and MXBIX.
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Drawdown Indicators
| MXXLX | MXBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -19.74% | -13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -2.87% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.05% | -6.35% | -8.70% |
Max Drawdown (5Y)Largest decline over 5 years | -28.94% | -18.70% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.59% | -19.74% | -13.85% |
Current DrawdownCurrent decline from peak | -0.22% | -5.41% | +5.19% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -5.88% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.02% | +1.13% |
Volatility
MXXLX vs. MXBIX - Volatility Comparison
Great-West Lifetime 2055 Fund (MXXLX) has a higher volatility of 4.43% compared to Great-West Bond Index Fund (MXBIX) at 1.03%. This indicates that MXXLX's price experiences larger fluctuations and is considered to be riskier than MXBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXXLX | MXBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 1.03% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 2.70% | +7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 3.72% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 6.05% | +9.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 4.94% | +11.53% |
MXXLX vs. MXBIX - Expense Ratio Comparison
MXXLX has a 0.57% expense ratio, which is higher than MXBIX's 0.50% expense ratio.
Dividends
MXXLX vs. MXBIX - Dividend Comparison
MXXLX's dividend yield for the trailing twelve months is around 2.68%, less than MXBIX's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MXBIX Great-West Bond Index Fund | 2.77% | 2.78% | 2.42% | 1.98% | 1.32% | 1.51% | 2.83% | 1.06% | 1.33% | 0.70% |
MXXLX Great-West Lifetime 2055 Fund | 2.68% | 2.97% | 4.27% | 3.42% | 7.87% | 8.92% | 5.05% | 9.47% | 10.16% | 2.95% |
Frequently Asked Questions
MXXLX and MXBIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXXLX has higher volatility (4.43%) compared to MXBIX (1.03%). In terms of maximum drawdown, MXXLX dropped -33.59% vs MXBIX's -19.74%.
MXXLX currently has the higher Sharpe Ratio (1.94 vs 1.13), 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.
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