MMSIX vs. SPY
Compare and contrast key facts about Praxis Small Cap Index Fund (MMSIX) and SPDR S&P 500 ETF (SPY).
MMSIX is managed by Praxis Mutual Funds. It was launched on May 1, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMSIX or SPY.
Correlation
The correlation between MMSIX and SPY is 0.83, 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
MMSIX vs. SPY - Performance Comparison
Key characteristics
MMSIX:
0.54
SPY:
1.75
MMSIX:
0.91
SPY:
2.36
MMSIX:
1.11
SPY:
1.32
MMSIX:
0.35
SPY:
2.66
MMSIX:
2.39
SPY:
11.01
MMSIX:
4.22%
SPY:
2.03%
MMSIX:
18.79%
SPY:
12.77%
MMSIX:
-62.48%
SPY:
-55.19%
MMSIX:
-18.93%
SPY:
-2.12%
Returns By Period
In the year-to-date period, MMSIX achieves a -0.33% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, MMSIX has underperformed SPY with an annualized return of 0.32%, while SPY has yielded a comparatively higher 12.96% annualized return.
MMSIX
-0.33%
-4.26%
-1.02%
10.20%
5.31%
0.32%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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MMSIX vs. SPY - Expense Ratio Comparison
MMSIX has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MMSIX vs. SPY — Risk-Adjusted Performance Rank
MMSIX
SPY
MMSIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Small Cap Index Fund (MMSIX) and SPDR S&P 500 ETF (SPY). 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
MMSIX vs. SPY - Dividend Comparison
MMSIX's dividend yield for the trailing twelve months is around 1.15%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMSIX Praxis Small Cap Index Fund | 1.15% | 1.15% | 1.30% | 0.13% | 0.82% | 0.79% | 0.92% | 0.57% | 0.83% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MMSIX vs. SPY - Drawdown Comparison
The maximum MMSIX drawdown since its inception was -62.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MMSIX and SPY. For additional features, visit the drawdowns tool.
Volatility
MMSIX vs. SPY - Volatility Comparison
Praxis Small Cap Index Fund (MMSIX) has a higher volatility of 4.21% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that MMSIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.