Correlation
The correlation between MMSIX and SPY is 0.84, 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.
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.
Performance
MMSIX vs. SPY - Performance Comparison
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Key characteristics
MMSIX:
0.15
SPY:
0.67
MMSIX:
0.29
SPY:
1.03
MMSIX:
1.04
SPY:
1.15
MMSIX:
0.07
SPY:
0.69
MMSIX:
0.21
SPY:
2.61
MMSIX:
9.13%
SPY:
4.92%
MMSIX:
23.89%
SPY:
20.44%
MMSIX:
-57.70%
SPY:
-55.19%
MMSIX:
-12.83%
SPY:
-3.44%
Returns By Period
In the year-to-date period, MMSIX achieves a -4.52% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, MMSIX has underperformed SPY with an annualized return of 5.51%, while SPY has yielded a comparatively higher 12.73% annualized return.
MMSIX
-4.52%
6.04%
-12.04%
3.49%
4.10%
11.59%
5.51%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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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.
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Dividends
MMSIX vs. SPY - Dividend Comparison
MMSIX's dividend yield for the trailing twelve months is around 1.20%, which matches SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMSIX Praxis Small Cap Index Fund | 1.20% | 1.15% | 1.30% | 1.07% | 10.67% | 1.20% | 2.75% | 6.37% | 23.15% | 5.35% | 15.37% | 14.70% |
SPY SPDR S&P 500 ETF | 1.21% | 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 -57.70%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MMSIX and SPY.
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Volatility
MMSIX vs. SPY - Volatility Comparison
Praxis Small Cap Index Fund (MMSIX) has a higher volatility of 6.24% compared to SPDR S&P 500 ETF (SPY) at 4.85%. 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.
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