MMDEX vs. FXAIX
Compare and contrast key facts about Praxis Growth Index Fund (MMDEX) and Fidelity 500 Index Fund (FXAIX).
MMDEX is managed by Praxis Mutual Funds. It was launched on May 1, 2007. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMDEX or FXAIX.
Correlation
The correlation between MMDEX and FXAIX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MMDEX vs. FXAIX - Performance Comparison
Key characteristics
MMDEX:
1.50
FXAIX:
1.87
MMDEX:
2.04
FXAIX:
2.52
MMDEX:
1.27
FXAIX:
1.34
MMDEX:
2.14
FXAIX:
2.83
MMDEX:
7.86
FXAIX:
11.72
MMDEX:
3.38%
FXAIX:
2.04%
MMDEX:
17.73%
FXAIX:
12.76%
MMDEX:
-49.77%
FXAIX:
-33.79%
MMDEX:
-1.07%
FXAIX:
-0.42%
Returns By Period
In the year-to-date period, MMDEX achieves a 3.28% return, which is significantly lower than FXAIX's 4.19% return. Over the past 10 years, MMDEX has underperformed FXAIX with an annualized return of 11.84%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
MMDEX
3.28%
1.38%
10.90%
28.28%
12.27%
11.84%
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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MMDEX vs. FXAIX - Expense Ratio Comparison
MMDEX has a 0.36% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
MMDEX vs. FXAIX — Risk-Adjusted Performance Rank
MMDEX
FXAIX
MMDEX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Growth Index Fund (MMDEX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
MMDEX vs. FXAIX - Dividend Comparison
MMDEX's dividend yield for the trailing twelve months is around 0.47%, less than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMDEX Praxis Growth Index Fund | 0.47% | 0.48% | 0.88% | 0.07% | 0.34% | 0.60% | 1.05% | 1.38% | 0.67% | 1.08% | 1.55% | 1.08% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
MMDEX vs. FXAIX - Drawdown Comparison
The maximum MMDEX drawdown since its inception was -49.77%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MMDEX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
MMDEX vs. FXAIX - Volatility Comparison
Praxis Growth Index Fund (MMDEX) has a higher volatility of 4.82% compared to Fidelity 500 Index Fund (FXAIX) at 3.00%. This indicates that MMDEX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.