MVIAX vs. ACIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Praxis Value Index Fund (MVIAX) and American Century Equity Income Fund Class I (ACIIX).

MVIAX is managed by Praxis Mutual Funds. It was launched on May 1, 2001. ACIIX is managed by American Century. It was launched on Jul 8, 1998.

Performance

MVIAX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Value Index Fund (MVIAX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

MVIAX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MVIAX Praxis Value Index Fund	0.97%	12.97%	10.24%	20.04%	-7.89%	24.54%	3.56%	34.46%	-8.53%	16.32%
ACIIX American Century Equity Income Fund Class I	2.73%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	13.69%

Returns By Period

In the year-to-date period, MVIAX achieves a 0.97% return, which is significantly lower than ACIIX's 2.73% return. Over the past 10 years, MVIAX has outperformed ACIIX with an annualized return of 11.30%, while ACIIX has yielded a comparatively lower 8.89% annualized return.

MVIAX

• 1D: -0.15%
• 1M: -6.29%
• YTD: 0.97%
• 6M: 3.35%
• 1Y: 12.02%
• 3Y*: 12.88%
• 5Y*: 9.44%
• 10Y*: 11.30%

ACIIX

• 1D: 0.00%
• 1M: -5.52%
• YTD: 2.73%
• 6M: 4.73%
• 1Y: 10.43%
• 3Y*: 9.70%
• 5Y*: 7.47%
• 10Y*: 8.89%

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

MVIAX vs. ACIIX - Expense Ratio Comparison

MVIAX has a 0.78% expense ratio, which is higher than ACIIX's 0.72% expense ratio.

MVIAX

Praxis Value Index Fund

ACIIX

American Century Equity Income Fund Class I

Return for Risk

MVIAX vs. ACIIX — Risk / Return Rank

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

MVIAX

MVIAX Risk / Return Rank: 43
MVIAX Sharpe Ratio Rank: 43
MVIAX Sortino Ratio Rank: 43
MVIAX Omega Ratio Rank: 44
MVIAX Calmar Ratio Rank: 39
MVIAX Martin Ratio Rank: 47

ACIIX

ACIIX Risk / Return Rank: 45
ACIIX Sharpe Ratio Rank: 48
ACIIX Sortino Ratio Rank: 47
ACIIX Omega Ratio Rank: 44
ACIIX Calmar Ratio Rank: 44
ACIIX Martin Ratio Rank: 43

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.

MVIAX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Value Index Fund (MVIAX) and American Century Equity Income Fund Class I (ACIIX). 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.

	MVIAX	ACIIX	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.93	-0.03
Sortino ratio Return per unit of downside risk	1.31	1.35	-0.03
Omega ratio Gain probability vs. loss probability	1.19	1.19	+0.01
Calmar ratio Return relative to maximum drawdown	1.03	1.11	-0.08
Martin ratio Return relative to average drawdown	4.78	4.37	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVIAX vs. ACIIX - Sharpe Ratio Comparison

The current MVIAX Sharpe Ratio is 0.90, which is comparable to the ACIIX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of MVIAX and ACIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MVIAX	ACIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.93	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.70	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.67	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.53	-0.21

Correlation

The correlation between MVIAX and ACIIX is 0.93, 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

MVIAX vs. ACIIX - Dividend Comparison

MVIAX's dividend yield for the trailing twelve months is around 1.05%, less than ACIIX's 10.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVIAX Praxis Value Index Fund	1.05%	1.06%	9.59%	4.63%	5.11%	3.63%	8.55%	4.84%	7.28%	6.40%	2.63%	5.10%
ACIIX American Century Equity Income Fund Class I	10.28%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%

Drawdowns

MVIAX vs. ACIIX - Drawdown Comparison

The maximum MVIAX drawdown since its inception was -65.34%, which is greater than ACIIX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for MVIAX and ACIIX.

Drawdown Indicators

	MVIAX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.34%	-39.16%	-26.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-8.96%	-2.70%
Max Drawdown (5Y) Largest decline over 5 years	-18.89%	-13.49%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	-32.76%	-3.27%
Current Drawdown Current decline from peak	-6.29%	-5.73%	-0.56%
Average Drawdown Average peak-to-trough decline	-12.19%	-5.26%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.30%	+0.20%

Volatility

MVIAX vs. ACIIX - Volatility Comparison

Praxis Value Index Fund (MVIAX) has a higher volatility of 3.33% compared to American Century Equity Income Fund Class I (ACIIX) at 2.76%. This indicates that MVIAX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVIAX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	2.76%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	6.05%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	11.61%	+3.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	10.74%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	13.37%	+3.44%