MIIAX vs. MPLIX
MIIAX (Praxis Impact Bond Fund) and MPLIX (Praxis International Index Fund) are both mutual funds - MIIAX is a Intermediate Core Bond fund managed by Praxis Mutual Funds, while MPLIX is a Foreign Large Cap Equities fund managed by Praxis Mutual Funds. Over the past 10 years, MIIAX returned 1.29%/yr vs 9.92%/yr for MPLIX. At a correlation of -0.07, they often move in opposite directions. MIIAX charges 0.88%/yr vs 0.61%/yr for MPLIX.
Performance
MIIAX vs. MPLIX - Performance Comparison
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Returns By Period
In the year-to-date period, MIIAX achieves a 0.43% return, which is significantly lower than MPLIX's 16.64% return. Over the past 10 years, MIIAX has underperformed MPLIX with an annualized return of 1.29%, while MPLIX has yielded a comparatively higher 9.92% annualized return.
MIIAX
- 1D
- 0.21%
- 1M
- 0.82%
- YTD
- 0.43%
- 6M
- 0.52%
- 1Y
- 4.51%
- 3Y*
- 3.76%
- 5Y*
- -0.27%
- 10Y*
- 1.29%
MPLIX
- 1D
- 1.79%
- 1M
- 4.97%
- YTD
- 16.64%
- 6M
- 17.14%
- 1Y
- 33.68%
- 3Y*
- 18.76%
- 5Y*
- 9.29%
- 10Y*
- 9.92%
MIIAX vs. MPLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | 0.43% | 6.82% | 1.17% | 5.32% | -13.09% | -2.22% | 7.45% | 7.75% | -0.36% | 3.11% |
MPLIX Praxis International Index Fund | 16.64% | 29.51% | 6.86% | 15.07% | -16.16% | 7.84% | 13.19% | 20.43% | -14.51% | 25.67% |
Correlation
The correlation between MIIAX and MPLIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2010 | -0.07 |
The correlation between MIIAX and MPLIX shifts across timeframes, from -0.07 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MIIAX vs. MPLIX — Risk / Return Rank
MIIAX
MPLIX
MIIAX vs. MPLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Bond Fund (MIIAX) and Praxis International Index Fund (MPLIX). 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.
| MIIAX | MPLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.78 | -1.27 |
| Martin ratioReturn relative to average drawdown | 4.38 | 10.73 | -6.35 |
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Drawdowns
MIIAX vs. MPLIX - Drawdown Comparison
The maximum MIIAX drawdown since its inception was -18.76%, smaller than the maximum MPLIX drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for MIIAX and MPLIX.
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Drawdown Indicators
| MIIAX | MPLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.76% | -35.25% | +16.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -11.79% | +8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -6.20% | -13.35% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -29.78% | +11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -18.76% | -35.25% | +16.49% |
Current DrawdownCurrent decline from peak | -3.13% | 0.00% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -8.37% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 3.05% | -1.99% |
Volatility
MIIAX vs. MPLIX - Volatility Comparison
The current volatility for Praxis Impact Bond Fund (MIIAX) is 1.14%, while Praxis International Index Fund (MPLIX) has a volatility of 6.54%. This indicates that MIIAX experiences smaller price fluctuations and is considered to be less risky than MPLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIIAX | MPLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 6.54% | -5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 13.47% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 15.59% | -11.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 15.83% | -9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 16.48% | -11.75% |
MIIAX vs. MPLIX - Expense Ratio Comparison
MIIAX has a 0.88% expense ratio, which is higher than MPLIX's 0.61% expense ratio.
Dividends
MIIAX vs. MPLIX - Dividend Comparison
MIIAX's dividend yield for the trailing twelve months is around 3.38%, more than MPLIX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIIAX Praxis Impact Bond Fund | 3.38% | 3.28% | 3.12% | 2.35% | 2.02% | 1.50% | 2.42% | 2.15% | 2.27% | 2.19% | 2.35% | 2.55% |
MPLIX Praxis International Index Fund | 2.84% | 3.32% | 2.97% | 3.26% | 2.09% | 2.49% | 1.48% | 2.37% | 2.49% | 1.71% | 1.93% | 2.05% |
Frequently Asked Questions
MIIAX and MPLIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPLIX has higher volatility (6.54%) compared to MIIAX (1.14%). In terms of maximum drawdown, MIIAX dropped -18.76% vs MPLIX's -35.25%.
MPLIX currently has the higher Sharpe Ratio (2.11 vs 1.24), 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.
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