MMSIX vs. SWSSX
Compare and contrast key facts about Praxis Small Cap Index Fund (MMSIX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
MMSIX is managed by Praxis Mutual Funds. It was launched on May 1, 2007. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
MMSIX vs. SWSSX - Performance Comparison
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MMSIX vs. SWSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMSIX Praxis Small Cap Index Fund | -1.36% | 6.67% | 8.48% | 16.66% | -19.61% | 34.07% | 11.05% | 24.44% | -7.90% | 11.30% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, MMSIX achieves a -1.36% return, which is significantly higher than SWSSX's -2.49% return. Over the past 10 years, MMSIX has underperformed SWSSX with an annualized return of 8.63%, while SWSSX has yielded a comparatively higher 9.50% annualized return.
MMSIX
- 1D
- -0.86%
- 1M
- -8.25%
- YTD
- -1.36%
- 6M
- -0.37%
- 1Y
- 14.08%
- 3Y*
- 9.01%
- 5Y*
- 3.77%
- 10Y*
- 8.63%
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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MMSIX vs. SWSSX - Expense Ratio Comparison
MMSIX has a 0.43% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Return for Risk
MMSIX vs. SWSSX — Risk / Return Rank
MMSIX
SWSSX
MMSIX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Small Cap Index Fund (MMSIX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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.
| MMSIX | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.91 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.40 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.33 | -0.46 |
Martin ratioReturn relative to average drawdown | 3.52 | 5.02 | -1.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MMSIX | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.91 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.14 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.40 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.33 | -0.06 |
Correlation
The correlation between MMSIX and SWSSX is 0.97, 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.
Dividends
MMSIX vs. SWSSX - Dividend Comparison
MMSIX's dividend yield for the trailing twelve months is around 9.01%, more than SWSSX's 1.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMSIX Praxis Small Cap Index Fund | 9.01% | 8.89% | 1.14% | 1.30% | 1.08% | 15.39% | 1.19% | 4.58% | 6.37% | 23.15% | 5.35% | 15.37% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
MMSIX vs. SWSSX - Drawdown Comparison
The maximum MMSIX drawdown since its inception was -57.70%, roughly equal to the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for MMSIX and SWSSX.
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Drawdown Indicators
| MMSIX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.70% | -60.34% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -13.90% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -31.93% | +4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | -41.81% | -0.61% |
Current DrawdownCurrent decline from peak | -9.40% | -11.00% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -11.37% | -10.78% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.68% | -0.28% |
Volatility
MMSIX vs. SWSSX - Volatility Comparison
The current volatility for Praxis Small Cap Index Fund (MMSIX) is 5.85%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that MMSIX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMSIX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 6.59% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 14.12% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.23% | 23.11% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 22.57% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.93% | 24.03% | -1.10% |