MIIAX vs. MCONX
Compare and contrast key facts about Praxis Impact Bond Fund (MIIAX) and Praxis Genesis Conservative Portfolio (MCONX).
MIIAX is managed by Praxis Mutual Funds. It was launched on May 12, 1999. MCONX is managed by Praxis Mutual Funds. It was launched on Dec 30, 2009.
Performance
MIIAX vs. MCONX - Performance Comparison
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MIIAX vs. MCONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | -0.21% | 6.82% | 1.17% | 5.32% | -13.09% | -2.22% | 7.45% | 7.75% | -0.36% | 3.11% |
MCONX Praxis Genesis Conservative Portfolio | -0.83% | 10.15% | 5.16% | 9.51% | -14.59% | 1.66% | 10.28% | 13.67% | -2.64% | 8.36% |
Returns By Period
In the year-to-date period, MIIAX achieves a -0.21% return, which is significantly higher than MCONX's -0.83% return. Over the past 10 years, MIIAX has underperformed MCONX with an annualized return of 1.35%, while MCONX has yielded a comparatively higher 3.97% annualized 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%
MCONX
- 1D
- 0.75%
- 1M
- -3.04%
- YTD
- -0.83%
- 6M
- 0.25%
- 1Y
- 7.60%
- 3Y*
- 6.57%
- 5Y*
- 1.71%
- 10Y*
- 3.97%
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MIIAX vs. MCONX - Expense Ratio Comparison
MIIAX has a 0.88% expense ratio, which is higher than MCONX's 0.58% expense ratio.
Return for Risk
MIIAX vs. MCONX — Risk / Return Rank
MIIAX
MCONX
MIIAX vs. MCONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Bond Fund (MIIAX) and Praxis Genesis Conservative Portfolio (MCONX). 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 | MCONX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.32 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.86 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.83 | -0.33 |
Martin ratioReturn relative to average drawdown | 4.11 | 7.07 | -2.96 |
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 | MCONX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.32 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.25 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.65 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.79 | +0.01 |
Correlation
The correlation between MIIAX and MCONX is 0.34, 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.
Dividends
MIIAX vs. MCONX - Dividend Comparison
MIIAX's dividend yield for the trailing twelve months is around 3.05%, less than MCONX's 4.67% 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% |
MCONX Praxis Genesis Conservative Portfolio | 4.67% | 4.76% | 4.90% | 1.85% | 2.31% | 1.66% | 3.49% | 2.61% | 3.84% | 3.06% | 2.25% | 2.56% |
Drawdowns
MIIAX vs. MCONX - Drawdown Comparison
The maximum MIIAX drawdown since its inception was -18.76%, smaller than the maximum MCONX drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for MIIAX and MCONX.
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Drawdown Indicators
| MIIAX | MCONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -21.51% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -4.45% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -21.51% | +3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.76% | -21.51% | +2.75% |
Current DrawdownCurrent decline from peak | -3.75% | -3.50% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -3.00% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.15% | -0.17% |
Volatility
MIIAX vs. MCONX - Volatility Comparison
The current volatility for Praxis Impact Bond Fund (MIIAX) is 1.65%, while Praxis Genesis Conservative Portfolio (MCONX) has a volatility of 2.55%. This indicates that MIIAX experiences smaller price fluctuations and is considered to be less risky than MCONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIIAX | MCONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 2.55% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 3.68% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 6.08% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 6.83% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 6.15% | -1.44% |