- ISIN
- US74006E6032
- CUSIP
- 74006E603
- Issuer
- Praxis Mutual Funds
- Inception Date
- May 1, 2001
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
MVIAX Performance Chart
Praxis Value Index Fund (MVIAX) is up 14.1% since the beginning of the year. MVIAX is currently trading at $22 per share. Investors who bought $1,000 worth of MVIAX shares 5 years ago would now be looking at an investment worth $1,737.
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Returns By Period
Praxis Value Index Fund (MVIAX) has returned 14.12% so far this year and 25.84% over the past 12 months. Over the last ten years, MVIAX has returned 12.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Praxis Value Index Fund
- 1D
- 0.45%
- 1M
- 2.94%
- YTD
- 14.12%
- 6M
- 13.53%
- 1Y
- 25.84%
- 3Y*
- 15.54%
- 5Y*
- 11.68%
- 10Y*
- 12.38%
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%
MVIAX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2001, MVIAX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +12.4%, while the worst month was Oct 2008 at -18.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MVIAX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.98% | 3.63% | -4.78% | 5.96% | 2.44% | 2.47% | 14.12% | ||||||
| 2025 | 4.16% | 1.04% | -3.25% | -3.41% | 3.53% | 3.30% | 0.38% | 2.86% | 1.63% | -0.83% | 2.60% | 0.59% | 12.97% |
| 2024 | 0.17% | 2.58% | 4.36% | -4.61% | 2.41% | -0.22% | 3.85% | 2.75% | 0.98% | -1.53% | 5.85% | -6.11% | 10.24% |
| 2023 | 6.79% | -3.08% | 1.40% | 1.51% | -2.04% | 6.76% | 3.19% | -2.92% | -4.49% | -1.98% | 9.27% | 5.14% | 20.04% |
| 2022 | -2.42% | -2.49% | 2.85% | -4.78% | 1.43% | -8.00% | 5.25% | -2.46% | -8.09% | 10.49% | 5.99% | -4.13% | -7.89% |
| 2021 | -1.60% | 5.99% | 5.72% | 3.40% | 2.37% | -0.89% | 1.02% | 2.08% | -3.55% | 4.58% | -3.52% | 7.28% | 24.54% |
Benchmark Metrics
Praxis Value Index Fund has an annualized alpha of -0.42%, beta of 0.99, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since April 30, 2001.
- With beta of 0.99 and R2 of 0.91, 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
- -0.42%
- Beta
- 0.99
- R²
- 0.91
- Upside Capture
- 97.23%
- Downside Capture
- 100.45%
Expense Ratio
MVIAX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MVIAX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Praxis Value Index Fund (MVIAX) 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.
| MVIAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.78 | +1.37 |
| Martin ratioReturn relative to average drawdown | 15.83 | 12.44 | +3.39 |
Dividends
Dividend History
Praxis Value Index Fund provided a 0.93% dividend yield over the last twelve months, with an annual payout of $0.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.21 | $1.68 | $0.81 | $0.78 | $0.63 | $1.23 | $0.73 | $0.86 | $0.89 | $0.33 | $0.57 |
Dividend yield | 0.93% | 1.06% | 9.59% | 4.63% | 5.11% | 3.63% | 8.55% | 4.84% | 7.28% | 6.40% | 2.63% | 5.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Praxis Value 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 | $0.21 | $0.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.68 | $1.68 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Praxis Value 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 Value Index Fund was 65.34%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The current Praxis Value Index Fund drawdown is 0.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -65.34%Mar 2009 | 1y 9mo | 4y 7mo | 6y 4moJun 2007 - Oct 2013 |
Dot-com crash2000–2002 | -44.21%Oct 2002 | 1y 4mo | 2y 9mo | 4y 1moMay 2001 - Jul 2005 |
COVID crash2020 | -36.03%Mar 2020 | 1mo 9d | 8mo 16d | 9mo 25dFeb 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -18.90%Dec 2018 | 10mo 29d | 4mo | 1y 2moJan 2018 - Apr 2019 |
Bear market2022 | -18.89%Sep 2022 | 8mo 28d | 8mo 18d | 1y 5moJan 2022 - Jun 2023 |
Drawdown Indicators
| MVIAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.34% | -56.78% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.29% | -9.10% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.25% | -18.90% | +3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | -25.43% | +6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -36.03% | -33.92% | -2.11% |
Current DrawdownCurrent decline from peak | -0.58% | -1.80% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -10.71% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.03% | -0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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