MMDEX vs. FTQGX

Last updated Jun 4, 2026

MMDEX (Praxis Growth Index Fund) and FTQGX (Fidelity Focused Stock Fund) are both Large Cap Growth Equities funds. Over the past 10 years, MMDEX returned 18.08%/yr vs 19.07%/yr for FTQGX. Their correlation of 0.93 suggests significant overlap in exposure. MMDEX charges 0.36%/yr vs 0.86%/yr for FTQGX.

Performance

MMDEX vs. FTQGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Growth Index Fund (MMDEX) and Fidelity Focused Stock Fund (FTQGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMDEX achieves a 12.14% return, which is significantly lower than FTQGX's 26.34% return. Over the past 10 years, MMDEX has underperformed FTQGX with an annualized return of 18.08%, while FTQGX has yielded a comparatively higher 19.07% annualized return.

MMDEX

• 1D: -0.03%
• 1M: 8.07%
• YTD: 12.14%
• 6M: 10.90%
• 1Y: 31.98%
• 3Y*: 25.25%
• 5Y*: 14.59%
• 10Y*: 18.08%

FTQGX

• 1D: 1.30%
• 1M: 10.43%
• YTD: 26.34%
• 6M: 25.73%
• 1Y: 52.54%
• 3Y*: 30.42%
• 5Y*: 16.78%
• 10Y*: 19.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MMDEX vs. FTQGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMDEX Praxis Growth Index Fund	12.14%	18.34%	33.44%	29.82%	-28.23%	28.12%	33.23%	39.87%	0.32%	26.78%
FTQGX Fidelity Focused Stock Fund	26.34%	13.65%	36.95%	28.94%	-26.68%	26.91%	33.41%	31.44%	4.90%	30.66%

Correlation

The correlation between MMDEX and FTQGX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 3, 2007	0.93

The correlation between MMDEX and FTQGX has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

Return for Risk

MMDEX vs. FTQGX — Risk / Return Rank

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

MMDEX

MMDEX Risk / Return Rank: 41
MMDEX Sharpe Ratio Rank: 50
MMDEX Sortino Ratio Rank: 44
MMDEX Omega Ratio Rank: 45
MMDEX Calmar Ratio Rank: 32
MMDEX Martin Ratio Rank: 33

FTQGX

FTQGX Risk / Return Rank: 80
FTQGX Sharpe Ratio Rank: 84
FTQGX Sortino Ratio Rank: 69
FTQGX Omega Ratio Rank: 67
FTQGX Calmar Ratio Rank: 87
FTQGX Martin Ratio Rank: 90

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.

MMDEX vs. FTQGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Growth Index Fund (MMDEX) and Fidelity Focused Stock Fund (FTQGX). 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.

	MMDEX	FTQGX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.72	-0.62
Sortino ratio: Return per unit of downside risk	2.80	3.47	-0.66
Omega ratio: Gain probability vs. loss probability	1.36	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	2.10	4.24	-2.14
Martin ratio: Return relative to average drawdown	7.45	18.25	-10.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMDEX vs. FTQGX - Sharpe Ratio Comparison

The current MMDEX Sharpe Ratio is 2.10, which is comparable to the FTQGX Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of MMDEX and FTQGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MMDEX	FTQGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.72	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.78	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.89	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.51	+0.12

Drawdowns

MMDEX vs. FTQGX - Drawdown Comparison

The maximum MMDEX drawdown since its inception was -49.99%, smaller than the maximum FTQGX drawdown of -61.29%. Use the drawdown chart below to compare losses from any high point for MMDEX and FTQGX.

Drawdown Indicators

	MMDEX	FTQGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.99%	-61.29%	+11.30%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	-12.76%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-23.16%	-26.84%	+3.68%
Max Drawdown (5Y) Largest decline over 5 years	-33.36%	-32.31%	-1.05%
Max Drawdown (10Y) Largest decline over 10 years	-33.36%	-32.31%	-1.05%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-7.95%	-14.19%	+6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	2.96%	+1.47%

Volatility

MMDEX vs. FTQGX - Volatility Comparison

The current volatility for Praxis Growth Index Fund (MMDEX) is 3.60%, while Fidelity Focused Stock Fund (FTQGX) has a volatility of 7.14%. This indicates that MMDEX experiences smaller price fluctuations and is considered to be less risky than FTQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMDEX	FTQGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	7.14%	-3.54%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	15.42%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	19.91%	-4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.87%	21.67%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.55%	21.57%	-1.02%

MMDEX vs. FTQGX - Expense Ratio Comparison

MMDEX has a 0.36% expense ratio, which is lower than FTQGX's 0.86% expense ratio.

Dividends

MMDEX vs. FTQGX - Dividend Comparison

MMDEX's dividend yield for the trailing twelve months is around 4.18%, less than FTQGX's 9.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQGX Fidelity Focused Stock Fund	9.85%	12.44%	9.94%	0.61%	7.96%	13.53%	11.41%	5.07%	14.71%	5.89%	1.08%	5.91%
MMDEX Praxis Growth Index Fund	4.18%	4.69%	1.65%	2.02%	5.77%	1.42%	6.66%	12.23%	5.03%	3.42%	1.08%	1.54%

Frequently Asked Questions

Can I hold both MMDEX and FTQGX in my portfolio?

MMDEX and FTQGX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MMDEX or FTQGX?

FTQGX has higher volatility (7.14%) compared to MMDEX (3.60%). In terms of maximum drawdown, MMDEX dropped -49.99% vs FTQGX's -61.29%.

Which has better risk-adjusted returns?

FTQGX currently has the higher Sharpe Ratio (2.72 vs 2.10), 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.