Correlation
The correlation between MIIAX and ETIRX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MIIAX vs. ETIRX
Compare and contrast key facts about Praxis Impact Bond Fund (MIIAX) and Eventide Core Bond Fund (ETIRX).
MIIAX is managed by Praxis Mutual Funds. It was launched on May 12, 1999. ETIRX is managed by Eventide Funds. It was launched on Jul 30, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIIAX or ETIRX.
Performance
MIIAX vs. ETIRX - Performance Comparison
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Key characteristics
MIIAX:
0.95
ETIRX:
1.15
MIIAX:
1.39
ETIRX:
1.67
MIIAX:
1.16
ETIRX:
1.20
MIIAX:
0.41
ETIRX:
0.43
MIIAX:
2.20
ETIRX:
3.05
MIIAX:
2.34%
ETIRX:
1.88%
MIIAX:
5.45%
ETIRX:
5.02%
MIIAX:
-18.79%
ETIRX:
-19.29%
MIIAX:
-7.75%
ETIRX:
-8.06%
Returns By Period
In the year-to-date period, MIIAX achieves a 1.93% return, which is significantly lower than ETIRX's 2.11% return.
MIIAX
1.93%
-0.64%
0.10%
4.74%
1.25%
-1.10%
1.18%
ETIRX
2.11%
-0.12%
0.61%
5.47%
1.49%
N/A
N/A
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MIIAX vs. ETIRX - Expense Ratio Comparison
MIIAX has a 0.88% expense ratio, which is higher than ETIRX's 0.58% expense ratio.
Risk-Adjusted Performance
MIIAX vs. ETIRX — Risk-Adjusted Performance Rank
MIIAX
ETIRX
MIIAX vs. ETIRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Bond Fund (MIIAX) and Eventide Core Bond Fund (ETIRX). 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.
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Dividends
MIIAX vs. ETIRX - Dividend Comparison
MIIAX's dividend yield for the trailing twelve months is around 2.93%, less than ETIRX's 4.11% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | 2.93% | 3.13% | 2.59% | 1.99% | 1.49% | 2.43% | 2.15% | 2.28% | 2.20% | 2.34% | 2.48% | 2.48% |
ETIRX Eventide Core Bond Fund | 4.11% | 4.00% | 2.79% | 2.32% | 1.39% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIIAX vs. ETIRX - Drawdown Comparison
The maximum MIIAX drawdown since its inception was -18.79%, roughly equal to the maximum ETIRX drawdown of -19.29%. Use the drawdown chart below to compare losses from any high point for MIIAX and ETIRX.
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Volatility
MIIAX vs. ETIRX - Volatility Comparison
Praxis Impact Bond Fund (MIIAX) has a higher volatility of 1.52% compared to Eventide Core Bond Fund (ETIRX) at 1.33%. This indicates that MIIAX's price experiences larger fluctuations and is considered to be riskier than ETIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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