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MMDEX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MMDEX and FXAIX is 0.96, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Growth Index Fund (MMDEX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MMDEX:

0.65

FXAIX:

0.75

Sortino Ratio

MMDEX:

0.94

FXAIX:

1.07

Omega Ratio

MMDEX:

1.13

FXAIX:

1.15

Calmar Ratio

MMDEX:

0.60

FXAIX:

0.72

Martin Ratio

MMDEX:

2.01

FXAIX:

2.73

Ulcer Index

MMDEX:

6.90%

FXAIX:

4.85%

Daily Std Dev

MMDEX:

25.14%

FXAIX:

19.78%

Max Drawdown

MMDEX:

-49.76%

FXAIX:

-33.79%

Current Drawdown

MMDEX:

-4.58%

FXAIX:

-3.14%

Returns By Period

In the year-to-date period, MMDEX achieves a -0.81% return, which is significantly lower than FXAIX's 1.34% return. Over the past 10 years, MMDEX has outperformed FXAIX with an annualized return of 14.63%, while FXAIX has yielded a comparatively lower 12.68% annualized return.


MMDEX

YTD

-0.81%

1M

7.22%

6M

-0.13%

1Y

15.85%

3Y*

15.89%

5Y*

15.78%

10Y*

14.63%

FXAIX

YTD

1.34%

1M

5.62%

6M

-1.07%

1Y

13.84%

3Y*

14.51%

5Y*

16.00%

10Y*

12.68%

*Annualized

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Praxis Growth Index Fund

Fidelity 500 Index Fund

MMDEX vs. FXAIX - Expense Ratio Comparison

MMDEX has a 0.36% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

MMDEX vs. FXAIX — Risk-Adjusted Performance Rank

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

MMDEX
The Risk-Adjusted Performance Rank of MMDEX is 4747
Overall Rank
The Sharpe Ratio Rank of MMDEX is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of MMDEX is 4848
Sortino Ratio Rank
The Omega Ratio Rank of MMDEX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of MMDEX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of MMDEX is 4545
Martin Ratio Rank

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 5959
Overall Rank
The Sharpe Ratio Rank of FXAIX is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 5656
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 5959
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 6464
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current MMDEX Sharpe Ratio is 0.65, which is comparable to the FXAIX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of MMDEX and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

MMDEX vs. FXAIX - Dividend Comparison

MMDEX's dividend yield for the trailing twelve months is around 1.67%, more than FXAIX's 1.55% yield.


TTM20242023202220212020201920182017201620152014
MMDEX
Praxis Growth Index Fund
1.67%1.65%2.02%5.77%4.44%6.66%6.64%5.03%3.42%1.08%1.55%1.08%
FXAIX
Fidelity 500 Index Fund
1.55%1.25%1.45%1.69%1.22%1.60%2.06%2.72%1.97%2.52%2.83%2.08%

Drawdowns

MMDEX vs. FXAIX - Drawdown Comparison

The maximum MMDEX drawdown since its inception was -49.76%, 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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

MMDEX vs. FXAIX - Volatility Comparison

Praxis Growth Index Fund (MMDEX) has a higher volatility of 5.71% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. 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.


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