MMDEX vs. QQQ
Compare and contrast key facts about Praxis Growth Index Fund (MMDEX) and Invesco QQQ (QQQ).
MMDEX is managed by Praxis Mutual Funds. It was launched on May 1, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMDEX or QQQ.
Correlation
The correlation between MMDEX and QQQ 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. QQQ - Performance Comparison
Key characteristics
MMDEX:
1.50
QQQ:
1.40
MMDEX:
2.04
QQQ:
1.90
MMDEX:
1.27
QQQ:
1.25
MMDEX:
2.14
QQQ:
1.88
MMDEX:
7.86
QQQ:
6.51
MMDEX:
3.38%
QQQ:
3.92%
MMDEX:
17.73%
QQQ:
18.23%
MMDEX:
-49.77%
QQQ:
-82.98%
MMDEX:
-1.07%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, MMDEX achieves a 3.28% return, which is significantly lower than QQQ's 5.09% return. Over the past 10 years, MMDEX has underperformed QQQ with an annualized return of 11.84%, while QQQ has yielded a comparatively higher 18.32% annualized return.
MMDEX
3.28%
1.38%
10.90%
28.28%
12.27%
11.84%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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MMDEX vs. QQQ - Expense Ratio Comparison
MMDEX has a 0.36% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MMDEX vs. QQQ — Risk-Adjusted Performance Rank
MMDEX
QQQ
MMDEX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Growth Index Fund (MMDEX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
MMDEX's dividend yield for the trailing twelve months is around 0.47%, less than QQQ's 0.53% 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% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MMDEX vs. QQQ - Drawdown Comparison
The maximum MMDEX drawdown since its inception was -49.77%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MMDEX and QQQ. For additional features, visit the drawdowns tool.
Volatility
MMDEX vs. QQQ - Volatility Comparison
Praxis Growth Index Fund (MMDEX) and Invesco QQQ (QQQ) have volatilities of 4.82% and 4.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.