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MIIAX vs. MGAFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

MIIAX vs. MGAFX - Performance Comparison

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

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Returns By Period

In the year-to-date period, MIIAX achieves a 0.22% return, which is significantly lower than MGAFX's 11.29% return. Over the past 10 years, MIIAX has underperformed MGAFX with an annualized return of 1.24%, while MGAFX has yielded a comparatively higher 11.15% annualized return.


MIIAX

1D
-0.21%
1M
0.61%
YTD
0.22%
6M
0.31%
1Y
4.07%
3Y*
3.65%
5Y*
-0.26%
10Y*
1.24%

MGAFX

1D
-0.04%
1M
2.34%
YTD
11.29%
6M
10.64%
1Y
23.35%
3Y*
15.81%
5Y*
9.35%
10Y*
11.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIIAX vs. MGAFX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
MIIAX
Praxis Impact Bond Fund
0.22%6.82%1.17%5.32%-13.09%-2.22%7.45%7.75%-0.36%3.11%
MGAFX
Praxis Genesis Growth Portfolio
11.29%15.50%11.51%16.96%-17.05%24.51%14.09%24.08%-6.55%16.70%

Correlation

The correlation between MIIAX and MGAFX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2010

-0.07

The correlation between MIIAX and MGAFX shifts across timeframes, from -0.07 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

MIIAX vs. MGAFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIIAX
MIIAX Risk / Return Rank: 1818
Overall Rank
MIIAX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
MIIAX Sortino Ratio Rank: 1919
Sortino Ratio Rank
MIIAX Omega Ratio Rank: 1818
Omega Ratio Rank
MIIAX Calmar Ratio Rank: 1818
Calmar Ratio Rank
MIIAX Martin Ratio Rank: 1616
Martin Ratio Rank

MGAFX
MGAFX Risk / Return Rank: 6969
Overall Rank
MGAFX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
MGAFX Sortino Ratio Rank: 6767
Sortino Ratio Rank
MGAFX Omega Ratio Rank: 6666
Omega Ratio Rank
MGAFX Calmar Ratio Rank: 7070
Calmar Ratio Rank
MGAFX Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIIAX vs. MGAFX - Risk-Adjusted Trends Comparison

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


MIIAXMGAFXDifference
Sharpe ratioReturn per unit of total volatility

-1.08

Sortino ratioReturn per unit of downside risk

-1.45

Omega ratioGain probability vs. loss probability

1.20

1.41

-0.21

Calmar ratioReturn relative to maximum drawdown

1.41

3.09

-1.68

Martin ratioReturn relative to average drawdown

4.04

13.11

-9.06

MIIAX vs. MGAFX - Sharpe Ratio Comparison

The current MIIAX Sharpe Ratio is 1.14, which is lower than the MGAFX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of MIIAX and MGAFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

MIIAX vs. MGAFX - Drawdown Comparison

The maximum MIIAX drawdown since its inception was -18.76%, smaller than the maximum MGAFX drawdown of -28.63%. Use the drawdown chart below to compare losses from any high point for MIIAX and MGAFX.


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Drawdown Indicators


MIIAXMGAFXDifference

Max Drawdown

Largest peak-to-trough decline

-18.76%

-28.63%

+9.87%

Max Drawdown (1Y)

Largest decline over 1 year

-3.06%

-7.86%

+4.80%

Max Drawdown (3Y)

Largest decline over 3 years

-6.20%

-13.84%

+7.64%

Max Drawdown (5Y)

Largest decline over 5 years

-18.22%

-23.82%

+5.60%

Max Drawdown (10Y)

Largest decline over 10 years

-18.76%

-28.63%

+9.87%

Current Drawdown

Current decline from peak

-3.34%

-0.13%

-3.21%

Average Drawdown

Average peak-to-trough decline

-2.53%

-3.97%

+1.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.06%

1.85%

-0.79%

Volatility

MIIAX vs. MGAFX - Volatility Comparison

The current volatility for Praxis Impact Bond Fund (MIIAX) is 1.06%, while Praxis Genesis Growth Portfolio (MGAFX) has a volatility of 4.35%. This indicates that MIIAX experiences smaller price fluctuations and is considered to be less risky than MGAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MIIAXMGAFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.06%

4.35%

-3.29%

Volatility (6M)

Calculated over the trailing 6-month period

2.82%

8.95%

-6.13%

Volatility (1Y)

Calculated over the trailing 1-year period

3.77%

10.93%

-7.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.84%

13.64%

-7.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.74%

14.16%

-9.42%

MIIAX vs. MGAFX - Expense Ratio Comparison

MIIAX has a 0.88% expense ratio, which is higher than MGAFX's 0.48% expense ratio.


Dividends

MIIAX vs. MGAFX - Dividend Comparison

MIIAX's dividend yield for the trailing twelve months is around 3.39%, less than MGAFX's 4.01% yield.


PositionTTM20252024202320222021202020192018201720162015
MGAFX
Praxis Genesis Growth Portfolio
4.01%4.45%3.36%2.29%3.02%10.83%4.87%4.42%6.15%4.19%3.50%4.01%
MIIAX
Praxis Impact Bond Fund
3.39%3.28%3.12%2.35%2.02%1.50%2.42%2.15%2.27%2.19%2.35%2.55%

Frequently Asked Questions


MIIAX and MGAFX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MGAFX has higher volatility (4.35%) compared to MIIAX (1.06%). In terms of maximum drawdown, MIIAX dropped -18.76% vs MGAFX's -28.63%.

MGAFX currently has the higher Sharpe Ratio (2.23 vs 1.14), 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.

Portfolio Optimizer

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