MMDEX vs. MCONX

Last updated Jun 25, 2026

MMDEX (Praxis Growth Index Fund) and MCONX (Praxis Genesis Conservative Portfolio) are both mutual funds - MMDEX is a Large Cap Growth Equities fund managed by Praxis Mutual Funds, while MCONX is a Diversified Portfolio fund managed by Praxis Mutual Funds. Over the past 10 years, MMDEX returned 17.74%/yr vs 4.29%/yr for MCONX. A 0.75 correlation means they provide meaningful diversification when combined. MMDEX charges 0.36%/yr vs 0.58%/yr for MCONX.

Performance

MMDEX vs. MCONX - Performance Comparison

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

Returns By Period

In the year-to-date period, MMDEX achieves a 5.38% return, which is significantly higher than MCONX's 2.81% return. Over the past 10 years, MMDEX has outperformed MCONX with an annualized return of 17.74%, while MCONX has yielded a comparatively lower 4.29% annualized return.

MMDEX

• 1D: -2.11%
• 1M: -3.22%
• YTD: 5.38%
• 6M: 3.97%
• 1Y: 21.43%
• 3Y*: 21.99%
• 5Y*: 11.96%
• 10Y*: 17.74%

MCONX

• 1D: -0.40%
• 1M: 0.58%
• YTD: 2.81%
• 6M: 2.45%
• 1Y: 8.81%
• 3Y*: 7.62%
• 5Y*: 1.97%
• 10Y*: 4.29%

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

MMDEX vs. MCONX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMDEX Praxis Growth Index Fund	5.38%	18.34%	33.44%	29.82%	-28.23%	28.12%	33.23%	39.87%	0.32%	26.78%
MCONX Praxis Genesis Conservative Portfolio	2.81%	10.15%	5.16%	9.51%	-14.59%	1.66%	10.28%	13.67%	-2.64%	8.36%

Correlation

The correlation between MMDEX and MCONX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 31, 2009	0.75

The correlation between MMDEX and MCONX shifts across timeframes, from 0.64 (3 years) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MMDEX vs. MCONX — Risk / Return Rank

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

MMDEX

MMDEX Risk / Return Rank: 26
MMDEX Sharpe Ratio Rank: 30
MMDEX Sortino Ratio Rank: 27
MMDEX Omega Ratio Rank: 29
MMDEX Calmar Ratio Rank: 21
MMDEX Martin Ratio Rank: 24

MCONX

MCONX Risk / Return Rank: 49
MCONX Sharpe Ratio Rank: 51
MCONX Sortino Ratio Rank: 53
MCONX Omega Ratio Rank: 53
MCONX Calmar Ratio Rank: 40
MCONX Martin Ratio Rank: 47

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. MCONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Growth Index Fund (MMDEX) and Praxis Genesis Conservative Portfolio (MCONX). 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.

	MMDEX	MCONX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.78	-0.40
Sortino ratio: Return per unit of downside risk	1.90	2.57	-0.67
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.09
Calmar ratio: Return relative to maximum drawdown	1.48	2.13	-0.65
Martin ratio: Return relative to average drawdown	5.11	8.62	-3.51

MMDEX vs. MCONX - Sharpe Ratio Comparison

The current MMDEX Sharpe Ratio is 1.38, which is comparable to the MCONX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of MMDEX and MCONX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MMDEX vs. MCONX - Drawdown Comparison

The maximum MMDEX drawdown since its inception was -49.99%, which is greater than MCONX's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for MMDEX and MCONX.

Drawdown Indicators

	MMDEX	MCONX	Difference
Max Drawdown Largest peak-to-trough decline	-49.99%	-21.51%	-28.48%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	-4.45%	-11.28%
Max Drawdown (3Y) Largest decline over 3 years	-23.16%	-7.12%	-16.04%
Max Drawdown (5Y) Largest decline over 5 years	-33.36%	-21.51%	-11.85%
Max Drawdown (10Y) Largest decline over 10 years	-33.36%	-21.51%	-11.85%
Current Drawdown Current decline from peak	-6.05%	-0.63%	-5.42%
Average Drawdown Average peak-to-trough decline	-7.94%	-2.97%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	1.10%	+3.44%

Volatility

MMDEX vs. MCONX - Volatility Comparison

Praxis Growth Index Fund (MMDEX) has a higher volatility of 6.86% compared to Praxis Genesis Conservative Portfolio (MCONX) at 2.15%. This indicates that MMDEX's price experiences larger fluctuations and is considered to be riskier than MCONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMDEX	MCONX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	2.15%	+4.71%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	4.41%	+8.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	5.34%	+11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	6.91%	+14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.63%	6.21%	+14.42%

MMDEX vs. MCONX - Expense Ratio Comparison

MMDEX has a 0.36% expense ratio, which is lower than MCONX's 0.58% expense ratio.

Dividends

MMDEX vs. MCONX - Dividend Comparison

MMDEX's dividend yield for the trailing twelve months is around 4.45%, less than MCONX's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCONX Praxis Genesis Conservative Portfolio	4.74%	4.76%	4.90%	1.85%	2.31%	1.66%	3.49%	2.61%	3.84%	3.06%	2.25%	2.56%
MMDEX Praxis Growth Index Fund	4.45%	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 MCONX in my portfolio?

MMDEX and MCONX have a correlation of 0.69, 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 MCONX?

MMDEX has higher volatility (6.86%) compared to MCONX (2.15%). In terms of maximum drawdown, MMDEX dropped -49.99% vs MCONX's -21.51%.

Which has better risk-adjusted returns?

MCONX currently has the higher Sharpe Ratio (1.78 vs 1.38), 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.