- ISIN
- US74006E8277
- CUSIP
- 74006E827
- Issuer
- Praxis Mutual Funds
- Inception Date
- May 1, 2007
- Category
- Small Cap Blend Equities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MMSIX Performance Chart
Praxis Small Cap Index Fund (MMSIX) is up 16.1% since the beginning of the year. MMSIX is currently trading at $14 per share. Investors who bought $1,000 worth of MMSIX shares 5 years ago would now be looking at an investment worth $1,411.
Loading charts...
Returns By Period
Praxis Small Cap Index Fund (MMSIX) has returned 16.11% so far this year and 28.58% over the past 12 months. Over the last ten years, MMSIX has returned 9.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Praxis Small Cap Index Fund
- 1D
- 1.49%
- 1M
- 3.18%
- YTD
- 16.11%
- 6M
- 13.46%
- 1Y
- 28.58%
- 3Y*
- 14.19%
- 5Y*
- 7.13%
- 10Y*
- 9.99%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MMSIX Monthly Returns History
Based on dividend-adjusted daily data since May 2, 2007, MMSIX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +18.1%, while the worst month was Mar 2020 at -22.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MMSIX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.77% | 2.60% | -5.39% | 8.89% | 3.08% | 1.72% | 16.11% | ||||||
| 2025 | 4.01% | -4.98% | -6.68% | -2.63% | 6.05% | 3.78% | 1.52% | 4.67% | 0.56% | -0.08% | 1.19% | -0.10% | 6.67% |
| 2024 | -3.95% | 3.45% | 3.43% | -5.67% | 5.37% | -2.19% | 11.13% | -1.62% | 0.66% | -3.02% | 10.60% | -8.02% | 8.48% |
| 2023 | 9.19% | -0.95% | -4.97% | -3.12% | -1.24% | 8.19% | 5.53% | -4.42% | -5.77% | -5.52% | 8.11% | 12.93% | 16.66% |
| 2022 | -8.05% | 0.54% | -0.36% | -8.56% | 1.27% | -8.38% | 10.30% | -4.48% | -10.08% | 11.99% | 4.26% | -7.00% | -19.61% |
| 2021 | 8.30% | 7.14% | 2.76% | 2.37% | 1.55% | -0.08% | -1.98% | 2.18% | -2.59% | 3.04% | -1.89% | 9.74% | 34.07% |
Benchmark Metrics
Praxis Small Cap Index Fund has an annualized alpha of -1.10%, beta of 1.04, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since May 02, 2007.
- This fund participated in 109.13% of S&P 500 Index downside but only 102.78% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.04 and R2 of 0.77, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.10%
- Beta
- 1.04
- R²
- 0.77
- Upside Capture
- 102.78%
- Downside Capture
- 109.13%
Expense Ratio
MMSIX has an expense ratio of 0.43%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MMSIX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Praxis Small Cap Index Fund (MMSIX) and compare them to S&P 500 Index.
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.
| MMSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.78 | +0.28 |
| Martin ratioReturn relative to average drawdown | 11.02 | 12.44 | -1.42 |
Dividends
Dividend History
Praxis Small Cap Index Fund provided a 7.65% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.04 | $0.14 | $0.15 | $0.10 | $1.87 | $0.13 | $0.44 | $0.52 | $2.17 | $0.55 | $1.54 |
Dividend yield | 7.65% | 8.89% | 1.14% | 1.30% | 1.08% | 15.39% | 1.19% | 4.58% | 6.37% | 23.15% | 5.35% | 15.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Praxis Small Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.87 | $1.87 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Praxis Small Cap Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Praxis Small Cap Index Fund was 57.70%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.
The current Praxis Small Cap Index Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.70%Mar 2009 | 1y 7mo | 1y 11mo | 3y 6moJul 2007 - Feb 2011 |
COVID crash2020 | -42.42%Mar 2020 | 1y 6mo | 8mo 5d | 2y 2moAug 2018 - Nov 2020 |
Bear market2022 | -26.99%Sep 2022 | 8mo 28d | 1y 9mo | 2y 6moJan 2022 - Jul 2024 |
2016 bear market2016 | -26.60%Feb 2016 | 7mo 22d | 1y 7mo | 2y 3moJun 2015 - Sep 2017 |
2011 bear market2011 | -26.16%Oct 2011 | 2mo 27d | 4mo 27d | 7mo 24dJul 2011 - Feb 2012 |
Drawdown Indicators
| MMSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.70% | -56.78% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -9.10% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -25.89% | -18.90% | -6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -25.43% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | -33.92% | -8.50% |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -10.71% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.03% | +0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MMSIX
Add Praxis Small Cap Index Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MMSIX