MGAFX vs. MMDEX

Last updated Aug 1, 2026

MGAFX (Praxis Genesis Growth Portfolio) and MMDEX (Praxis Growth Index Fund) are both mutual funds - MGAFX 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, MGAFX returned 10.46%/yr vs 16.87%/yr for MMDEX. Their correlation of 0.89 means they have usually moved in the same direction. MGAFX charges 0.48%/yr vs 0.36%/yr for MMDEX.

Performance

MGAFX vs. MMDEX - Performance Comparison

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

Returns By Period

In the year-to-date period, MGAFX achieves a 10.46% return, which is significantly higher than MMDEX's 5.78% return. Over the past 10 years, MGAFX has underperformed MMDEX with an annualized return of 10.46%, while MMDEX has yielded a comparatively higher 16.87% annualized return.

MGAFX

• 1D: 1.44%
• 1M: -0.56%
• 6M: 7.63%
• YTD: 10.46%
• 1Y: 19.78%
• 3Y*: 13.68%
• 5Y*: 8.90%
• 10Y*: 10.46%
• ALL TIME*: 9.31%

MMDEX

• 1D: 2.25%
• 1M: -1.59%
• 6M: 6.76%
• YTD: 5.78%
• 1Y: 17.19%
• 3Y*: 20.12%
• 5Y*: 10.94%
• 10Y*: 16.87%
• ALL TIME*: 12.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGAFX Praxis Genesis Growth Portfolio	$0.00	$0.00	$0.00
MMDEX Praxis Growth Index Fund	$0.00	$0.00	$0.00

MGAFX vs. MMDEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGAFX Praxis Genesis Growth Portfolio	10.46%	15.50%	11.51%	16.96%	-17.05%	24.51%	14.09%	24.08%	-6.55%	16.70%
MMDEX Praxis Growth Index Fund	5.78%	18.34%	33.44%	29.82%	-28.23%	28.12%	33.23%	39.87%	0.32%	26.78%

Correlation

The correlation between MGAFX and MMDEX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.89

The correlation between MGAFX and MMDEX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

MGAFX vs. MMDEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MGAFX

MGAFX Risk / Return Rank: 68
MGAFX Sharpe Ratio Rank: 66
MGAFX Sortino Ratio Rank: 65
MGAFX Omega Ratio Rank: 64
MGAFX Calmar Ratio Rank: 68
MGAFX Martin Ratio Rank: 78

MMDEX

MMDEX Risk / Return Rank: 22
MMDEX Sharpe Ratio Rank: 23
MMDEX Sortino Ratio Rank: 23
MMDEX Omega Ratio Rank: 23
MMDEX Calmar Ratio Rank: 19
MMDEX Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MGAFX vs. MMDEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Genesis Growth Portfolio (MGAFX) 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.

	MGAFX	MMDEX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	0.84	+0.79
Sortino ratio: Return per unit of downside risk	2.33	1.25	+1.08
Omega ratio: Gain probability vs. loss probability	1.30	1.15	+0.14
Calmar ratio: Return relative to maximum drawdown	2.32	0.94	+1.38
Martin ratio: Return relative to average drawdown	9.74	3.08	+6.66

MGAFX vs. MMDEX - Sharpe Ratio Comparison

The current MGAFX Sharpe Ratio is 1.63, which is higher than the MMDEX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of MGAFX 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

MGAFX vs. MMDEX - Drawdown Comparison

The maximum MGAFX drawdown since its inception was -28.63%, smaller than the maximum MMDEX drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for MGAFX and MMDEX.

Drawdown Indicators

	MGAFX	MMDEX	Difference
Max Drawdown Largest peak-to-trough decline	-28.63%	-49.99%	+21.36%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-15.73%	+7.87%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-23.16%	+9.32%
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	-33.36%	+9.54%
Max Drawdown (10Y) Largest decline over 10 years	-28.63%	-33.36%	+4.73%
Current Drawdown Current decline from peak	-1.28%	-5.70%	+4.42%
Average Drawdown Average peak-to-trough decline	-3.95%	-7.92%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	4.79%	-2.92%

Volatility

MGAFX vs. MMDEX - Volatility Comparison

The current volatility for Praxis Genesis Growth Portfolio (MGAFX) is 3.08%, while Praxis Growth Index Fund (MMDEX) has a volatility of 5.08%. This indicates that MGAFX 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

	MGAFX	MMDEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	5.08%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	13.95%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	17.53%	-6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	21.15%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.12%	20.67%	-6.55%

MGAFX vs. MMDEX - Expense Ratio Comparison

MGAFX has a 0.48% expense ratio, which is higher than MMDEX's 0.36% expense ratio.

Dividends

MGAFX vs. MMDEX - Dividend Comparison

MGAFX's dividend yield for the trailing twelve months is around 4.04%, less than MMDEX's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGAFX Praxis Genesis Growth Portfolio	4.04%	4.45%	3.36%	2.29%	3.02%	10.83%	4.87%	4.42%	6.15%	4.19%	3.50%	4.01%
MMDEX Praxis Growth Index Fund	4.43%	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 MGAFX and MMDEX in my portfolio?

MGAFX and MMDEX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGAFX or MMDEX?

MMDEX has higher volatility (5.08%) compared to MGAFX (3.08%). In terms of maximum drawdown, MGAFX dropped -28.63% vs MMDEX's -49.99%.

Which has better risk-adjusted returns?

MGAFX currently has the higher Sharpe Ratio (1.63 vs 0.84), 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.