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.
Performance
MIIAX vs. ETIRX - Performance Comparison
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MIIAX vs. ETIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | -0.21% | 6.82% | 1.17% | 5.32% | -13.09% | -2.22% | -0.12% |
ETIRX Eventide Core Bond Fund | -0.15% | 7.49% | 0.40% | 5.03% | -13.24% | -2.49% | -0.29% |
Returns By Period
In the year-to-date period, MIIAX achieves a -0.21% return, which is significantly lower than ETIRX's -0.15% return.
MIIAX
- 1D
- -0.11%
- 1M
- -1.76%
- YTD
- -0.21%
- 6M
- 0.52%
- 1Y
- 3.63%
- 3Y*
- 3.35%
- 5Y*
- -0.15%
- 10Y*
- 1.35%
ETIRX
- 1D
- 0.37%
- 1M
- -1.45%
- YTD
- -0.15%
- 6M
- 0.90%
- 1Y
- 4.60%
- 3Y*
- 3.42%
- 5Y*
- -0.18%
- 10Y*
- —
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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.
Return for Risk
MIIAX vs. ETIRX — Risk / Return Rank
MIIAX
ETIRX
MIIAX vs. ETIRX - Risk-Adjusted Trends 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.
| MIIAX | ETIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.24 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.79 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.88 | -0.38 |
Martin ratioReturn relative to average drawdown | 4.11 | 6.23 | -2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MIIAX | ETIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.24 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.03 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | -0.16 | +0.96 |
Correlation
The correlation between MIIAX and ETIRX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MIIAX vs. ETIRX - Dividend Comparison
MIIAX's dividend yield for the trailing twelve months is around 3.05%, less than ETIRX's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | 3.05% | 3.28% | 3.12% | 2.35% | 2.02% | 1.50% | 2.42% | 2.15% | 2.27% | 2.19% | 2.35% | 2.55% |
ETIRX Eventide Core Bond Fund | 4.16% | 4.16% | 2.78% | 2.79% | 2.32% | 1.39% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIIAX vs. ETIRX - Drawdown Comparison
The maximum MIIAX drawdown since its inception was -18.76%, 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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Drawdown Indicators
| MIIAX | ETIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -19.29% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -2.72% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -18.37% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -18.76% | — | — |
Current DrawdownCurrent decline from peak | -3.75% | -4.53% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -8.71% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.82% | +0.16% |
Volatility
MIIAX vs. ETIRX - Volatility Comparison
Praxis Impact Bond Fund (MIIAX) and Eventide Core Bond Fund (ETIRX) have volatilities of 1.65% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIIAX | ETIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.66% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.47% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.15% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 5.48% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.26% | -0.55% |