MVIAX vs. AVERX

Last updated Apr 2, 2026

Compare and contrast key facts about Praxis Value Index Fund (MVIAX) and Ave Maria Value Focused Fund (AVERX).

MVIAX is managed by Praxis Mutual Funds. It was launched on May 1, 2001. AVERX is a passively managed fund by Schwartz Investment Counsel that tracks the performance of the S&P 500® Index. It was launched on Jan 1, 1984.

Performance

MVIAX vs. AVERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Value Index Fund (MVIAX) and Ave Maria Value Focused Fund (AVERX). The values are adjusted to include any dividend payments, if applicable.

MVIAX vs. AVERX - Yearly Performance Comparison

	2026 (YTD)	2025
MVIAX Praxis Value Index Fund	2.60%	15.95%
AVERX Ave Maria Value Focused Fund	19.97%	0.37%

Returns By Period

In the year-to-date period, MVIAX achieves a 2.60% return, which is significantly lower than AVERX's 19.97% return.

MVIAX

• 1D: 1.62%
• 1M: -4.69%
• YTD: 2.60%
• 6M: 4.80%
• 1Y: 14.09%
• 3Y*: 13.48%
• 5Y*: 9.62%
• 10Y*: 11.48%

AVERX

• 1D: 1.67%
• 1M: -6.66%
• YTD: 19.97%
• 6M: 18.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVIAX vs. AVERX - Expense Ratio Comparison

MVIAX has a 0.78% expense ratio, which is lower than AVERX's 1.26% expense ratio.

AVERX

Ave Maria Value Focused Fund

MVIAX

Praxis Value Index Fund

Return for Risk

MVIAX vs. AVERX — Risk / Return Rank

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

MVIAX

MVIAX Risk / Return Rank: 42
MVIAX Sharpe Ratio Rank: 38
MVIAX Sortino Ratio Rank: 38
MVIAX Omega Ratio Rank: 39
MVIAX Calmar Ratio Rank: 40
MVIAX Martin Ratio Rank: 53

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. AVERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Value Index Fund (MVIAX) and Ave Maria Value Focused Fund (AVERX). 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	AVERX	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.36	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.29	—	—
Martin ratio Return relative to average drawdown	5.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MVIAX	AVERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.17	-0.85

Correlation

The correlation between MVIAX and AVERX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MVIAX vs. AVERX - Dividend Comparison

MVIAX's dividend yield for the trailing twelve months is around 1.03%, more than AVERX's 0.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVIAX Praxis Value Index Fund	1.03%	1.06%	9.59%	4.63%	5.11%	3.63%	8.55%	4.84%	7.28%	6.40%	2.63%	5.10%
AVERX Ave Maria Value Focused Fund	0.34%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MVIAX vs. AVERX - Drawdown Comparison

The maximum MVIAX drawdown since its inception was -65.34%, which is greater than AVERX's maximum drawdown of -11.33%. Use the drawdown chart below to compare losses from any high point for MVIAX and AVERX.

Drawdown Indicators

	MVIAX	AVERX	Difference
Max Drawdown Largest peak-to-trough decline	-65.34%	-11.33%	-54.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.03%	—	—
Current Drawdown Current decline from peak	-4.78%	-6.66%	+1.88%
Average Drawdown Average peak-to-trough decline	-12.18%	-5.39%	-6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	—	—

Volatility

Volatility by Period

	MVIAX	AVERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	19.13%	-4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	19.13%	-4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	19.13%	-2.32%