MBAPX vs. MMDEX

Last updated Jun 23, 2026

MBAPX (Praxis Genesis Balanced Portfolio) and MMDEX (Praxis Growth Index Fund) are both mutual funds - MBAPX is a Diversified Portfolio fund managed by Praxis Mutual Funds, while MMDEX is a Large Cap Growth Equities fund managed by Praxis Mutual Funds. Over the past 10 years, MBAPX returned 7.74%/yr vs 17.88%/yr for MMDEX. Their correlation of 0.88 suggests significant overlap in exposure. MBAPX charges 0.47%/yr vs 0.36%/yr for MMDEX.

Performance

MBAPX vs. MMDEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Genesis Balanced Portfolio (MBAPX) and Praxis Growth Index Fund (MMDEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MBAPX having a 8.61% return and MMDEX slightly higher at 8.86%. Over the past 10 years, MBAPX has underperformed MMDEX with an annualized return of 7.74%, while MMDEX has yielded a comparatively higher 17.88% annualized return.

MBAPX

• 1D: 1.00%
• 1M: 1.99%
• YTD: 8.61%
• 6M: 8.38%
• 1Y: 19.11%
• 3Y*: 12.30%
• 5Y*: 5.47%
• 10Y*: 7.74%

MMDEX

• 1D: 1.72%
• 1M: -0.03%
• YTD: 8.86%
• 6M: 8.34%
• 1Y: 28.59%
• 3Y*: 22.91%
• 5Y*: 13.23%
• 10Y*: 17.88%

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

MBAPX vs. MMDEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MBAPX Praxis Genesis Balanced Portfolio	8.61%	13.46%	9.04%	14.02%	-16.06%	8.09%	12.98%	19.90%	-4.91%	13.38%
MMDEX Praxis Growth Index Fund	8.86%	18.34%	33.44%	29.82%	-28.23%	28.12%	33.23%	39.87%	0.32%	26.78%

Correlation

The correlation between MBAPX and MMDEX 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	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 31, 2009	0.88

The correlation between MBAPX and MMDEX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

MBAPX vs. MMDEX — Risk / Return Rank

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

MBAPX

MBAPX Risk / Return Rank: 68
MBAPX Sharpe Ratio Rank: 68
MBAPX Sortino Ratio Rank: 69
MBAPX Omega Ratio Rank: 69
MBAPX Calmar Ratio Rank: 65
MBAPX Martin Ratio Rank: 71

MMDEX

MMDEX Risk / Return Rank: 32
MMDEX Sharpe Ratio Rank: 38
MMDEX Sortino Ratio Rank: 34
MMDEX Omega Ratio Rank: 35
MMDEX Calmar Ratio Rank: 26
MMDEX Martin Ratio Rank: 28

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.

MBAPX vs. MMDEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Genesis Balanced Portfolio (MBAPX) and Praxis Growth Index Fund (MMDEX). 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.

	MBAPX	MMDEX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.68	+0.53
Sortino ratio: Return per unit of downside risk	3.14	2.27	+0.88
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	2.97	1.78	+1.19
Martin ratio: Return relative to average drawdown	12.66	6.19	+6.47

MBAPX vs. MMDEX - Sharpe Ratio Comparison

The current MBAPX Sharpe Ratio is 2.21, which is higher than the MMDEX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of MBAPX and MMDEX, 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

MBAPX vs. MMDEX - Drawdown Comparison

The maximum MBAPX drawdown since its inception was -24.54%, smaller than the maximum MMDEX drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for MBAPX and MMDEX.

Drawdown Indicators

	MBAPX	MMDEX	Difference
Max Drawdown Largest peak-to-trough decline	-24.54%	-49.99%	+25.45%
Max Drawdown (1Y) Largest decline over 1 year	-6.41%	-15.73%	+9.32%
Max Drawdown (3Y) Largest decline over 3 years	-10.32%	-23.16%	+12.84%
Max Drawdown (5Y) Largest decline over 5 years	-24.54%	-33.36%	+8.82%
Max Drawdown (10Y) Largest decline over 10 years	-24.54%	-33.36%	+8.82%
Current Drawdown Current decline from peak	-0.06%	-2.95%	+2.89%
Average Drawdown Average peak-to-trough decline	-3.70%	-7.94%	+4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	4.52%	-3.02%

Volatility

MBAPX vs. MMDEX - Volatility Comparison

The current volatility for Praxis Genesis Balanced Portfolio (MBAPX) is 3.66%, while Praxis Growth Index Fund (MMDEX) has a volatility of 6.58%. This indicates that MBAPX experiences smaller price fluctuations and is considered to be less risky than MMDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBAPX	MMDEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	6.58%	-2.92%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	13.30%	-6.12%
Volatility (1Y) Calculated over the trailing 1-year period	8.63%	16.71%	-8.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	21.01%	-10.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.65%	20.63%	-9.98%

MBAPX vs. MMDEX - Expense Ratio Comparison

MBAPX has a 0.47% expense ratio, which is higher than MMDEX's 0.36% expense ratio.

Dividends

MBAPX vs. MMDEX - Dividend Comparison

MBAPX's dividend yield for the trailing twelve months is around 4.59%, more than MMDEX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MBAPX Praxis Genesis Balanced Portfolio	4.59%	4.93%	4.30%	2.23%	2.82%	2.12%	4.82%	3.80%	5.32%	3.76%	2.99%	3.38%
MMDEX Praxis Growth Index Fund	4.30%	4.69%	1.65%	2.02%	5.77%	1.42%	6.66%	12.23%	5.03%	3.42%	1.08%	1.54%

Frequently Asked Questions

Can I hold both MBAPX and MMDEX in my portfolio?

MBAPX and MMDEX 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, MBAPX or MMDEX?

MMDEX has higher volatility (6.58%) compared to MBAPX (3.66%). In terms of maximum drawdown, MBAPX dropped -24.54% vs MMDEX's -49.99%.

Which has better risk-adjusted returns?

MBAPX currently has the higher Sharpe Ratio (2.21 vs 1.68), 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.