MIIAX vs. MMSIX
Compare and contrast key facts about Praxis Impact Bond Fund (MIIAX) and Praxis Small Cap Index Fund (MMSIX).
MIIAX is managed by Praxis Mutual Funds. It was launched on May 12, 1999. MMSIX is managed by Praxis Mutual Funds. It was launched on May 1, 2007.
Performance
MIIAX vs. MMSIX - Performance Comparison
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MIIAX vs. MMSIX - 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% |
MMSIX Praxis Small Cap Index Fund | -1.36% | 6.67% | 8.48% | 16.66% | -19.61% | 34.07% | 11.05% | 24.44% | -7.90% | 11.30% |
Returns By Period
In the year-to-date period, MIIAX achieves a -0.10% return, which is significantly higher than MMSIX's -1.36% return. Over the past 10 years, MIIAX has underperformed MMSIX with an annualized return of 1.37%, while MMSIX has yielded a comparatively higher 8.63% 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%
MMSIX
- 1D
- -0.86%
- 1M
- -8.25%
- YTD
- -1.36%
- 6M
- -0.37%
- 1Y
- 14.08%
- 3Y*
- 9.01%
- 5Y*
- 3.77%
- 10Y*
- 8.63%
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MIIAX vs. MMSIX - Expense Ratio Comparison
MIIAX has a 0.88% expense ratio, which is higher than MMSIX's 0.43% expense ratio.
Return for Risk
MIIAX vs. MMSIX — Risk / Return Rank
MIIAX
MMSIX
MIIAX vs. MMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Bond Fund (MIIAX) and Praxis Small Cap Index Fund (MMSIX). 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 | MMSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.67 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.08 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.87 | +0.92 |
Martin ratioReturn relative to average drawdown | 4.95 | 3.52 | +1.43 |
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 | MMSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.67 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.18 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.38 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.27 | +0.53 |
Correlation
The correlation between MIIAX and MMSIX is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MIIAX vs. MMSIX - Dividend Comparison
MIIAX's dividend yield for the trailing twelve months is around 3.05%, less than MMSIX's 9.01% 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% |
MMSIX Praxis Small Cap Index Fund | 9.01% | 8.89% | 1.14% | 1.30% | 1.08% | 15.39% | 1.19% | 4.58% | 6.37% | 23.15% | 5.35% | 15.37% |
Drawdowns
MIIAX vs. MMSIX - Drawdown Comparison
The maximum MIIAX drawdown since its inception was -18.76%, smaller than the maximum MMSIX drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for MIIAX and MMSIX.
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Drawdown Indicators
| MIIAX | MMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -57.70% | +38.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -13.77% | +11.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -26.99% | +8.77% |
Max Drawdown (10Y)Largest decline over 10 years | -18.76% | -42.42% | +23.66% |
Current DrawdownCurrent decline from peak | -3.65% | -9.40% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -11.37% | +8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.40% | -2.43% |
Volatility
MIIAX vs. MMSIX - Volatility Comparison
The current volatility for Praxis Impact Bond Fund (MIIAX) is 1.68%, while Praxis Small Cap Index Fund (MMSIX) has a volatility of 5.85%. This indicates that MIIAX experiences smaller price fluctuations and is considered to be less risky than MMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIIAX | MMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 5.85% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 12.14% | -9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 21.23% | -16.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 21.45% | -15.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 22.93% | -18.22% |