MIIAX vs. FMBPX
Compare and contrast key facts about Praxis Impact Bond Fund (MIIAX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX).
MIIAX is managed by Praxis Mutual Funds. It was launched on May 12, 1999. FMBPX is managed by Federated. It was launched on Dec 20, 2007.
Performance
MIIAX vs. FMBPX - Performance Comparison
Loading graphics...
MIIAX vs. FMBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | -0.10% | 6.82% | 1.17% | 5.32% | -13.09% | -2.22% | 7.45% | 7.75% | -0.36% | 3.11% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.18% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 4.77% | 6.30% | 1.13% | 2.76% |
Returns By Period
In the year-to-date period, MIIAX achieves a -0.10% return, which is significantly higher than FMBPX's -0.18% return. Over the past 10 years, MIIAX has underperformed FMBPX with an annualized return of 1.37%, while FMBPX has yielded a comparatively higher 1.45% annualized return.
MIIAX
- 1D
- 0.53%
- 1M
- -2.06%
- YTD
- -0.10%
- 6M
- 0.84%
- 1Y
- 3.96%
- 3Y*
- 3.39%
- 5Y*
- -0.05%
- 10Y*
- 1.37%
FMBPX
- 1D
- 0.59%
- 1M
- -2.19%
- YTD
- -0.18%
- 6M
- 1.51%
- 1Y
- 5.46%
- 3Y*
- 3.90%
- 5Y*
- 0.19%
- 10Y*
- 1.45%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MIIAX vs. FMBPX - Expense Ratio Comparison
MIIAX has a 0.88% expense ratio, which is higher than FMBPX's 0.02% expense ratio.
Return for Risk
MIIAX vs. FMBPX — Risk / Return Rank
MIIAX
FMBPX
MIIAX vs. FMBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Bond Fund (MIIAX) and Federated Hermes Mortgage Strategy Portfolio (FMBPX). 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 | FMBPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.25 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.87 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.11 | -0.32 |
Martin ratioReturn relative to average drawdown | 4.95 | 5.85 | -0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MIIAX | FMBPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.25 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.03 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.29 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.25 | +0.55 |
Correlation
The correlation between MIIAX and FMBPX is 0.77, 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. FMBPX - Dividend Comparison
MIIAX's dividend yield for the trailing twelve months is around 3.05%, less than FMBPX's 4.60% 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% |
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.60% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
Drawdowns
MIIAX vs. FMBPX - Drawdown Comparison
The maximum MIIAX drawdown since its inception was -18.76%, roughly equal to the maximum FMBPX drawdown of -18.34%. Use the drawdown chart below to compare losses from any high point for MIIAX and FMBPX.
Loading graphics...
Drawdown Indicators
| MIIAX | FMBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -18.34% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.15% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -18.02% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -18.76% | -18.34% | -0.42% |
Current DrawdownCurrent decline from peak | -3.65% | -2.19% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -3.29% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.13% | -0.16% |
Volatility
MIIAX vs. FMBPX - Volatility Comparison
Praxis Impact Bond Fund (MIIAX) has a higher volatility of 1.68% compared to Federated Hermes Mortgage Strategy Portfolio (FMBPX) at 1.53%. This indicates that MIIAX's price experiences larger fluctuations and is considered to be riskier than FMBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MIIAX | FMBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.53% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 3.02% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 5.44% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 6.72% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.08% | -0.37% |