MVIAX vs. MIIAX
Compare and contrast key facts about Praxis Value Index Fund (MVIAX) and Praxis Impact Bond Fund (MIIAX).
MVIAX is managed by Praxis Mutual Funds. It was launched on May 1, 2001. MIIAX is managed by Praxis Mutual Funds. It was launched on May 12, 1999.
Performance
MVIAX vs. MIIAX - Performance Comparison
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MVIAX vs. MIIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVIAX Praxis Value Index Fund | 2.60% | 12.97% | 10.24% | 20.04% | -7.89% | 24.54% | 3.56% | 34.46% | -8.53% | 16.32% |
MIIAX Praxis Impact Bond Fund | -0.21% | 6.82% | 1.17% | 5.32% | -13.09% | -2.22% | 7.45% | 7.75% | -0.36% | 3.11% |
Returns By Period
In the year-to-date period, MVIAX achieves a 2.60% return, which is significantly higher than MIIAX's -0.21% return. Over the past 10 years, MVIAX has outperformed MIIAX with an annualized return of 11.48%, while MIIAX has yielded a comparatively lower 1.35% annualized 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%
MIIAX
- 1D
- -0.11%
- 1M
- -1.76%
- YTD
- -0.21%
- 6M
- 0.52%
- 1Y
- 3.63%
- 3Y*
- 3.35%
- 5Y*
- -0.15%
- 10Y*
- 1.35%
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MVIAX vs. MIIAX - Expense Ratio Comparison
MVIAX has a 0.78% expense ratio, which is lower than MIIAX's 0.88% expense ratio.
Return for Risk
MVIAX vs. MIIAX — Risk / Return Rank
MVIAX
MIIAX
MVIAX vs. MIIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Praxis Value Index Fund (MVIAX) and Praxis Impact Bond Fund (MIIAX). 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 | MIIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.90 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.28 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.50 | -0.21 |
Martin ratioReturn relative to average drawdown | 5.97 | 4.11 | +1.86 |
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
| MVIAX | MIIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.90 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | -0.03 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.29 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.80 | -0.48 |
Correlation
The correlation between MVIAX and MIIAX is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MVIAX vs. MIIAX - Dividend Comparison
MVIAX's dividend yield for the trailing twelve months is around 1.03%, less than MIIAX's 3.05% 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% |
MIIAX Praxis Impact Bond Fund | 3.05% | 3.28% | 3.12% | 2.35% | 2.02% | 1.50% | 2.42% | 2.15% | 2.27% | 2.19% | 2.35% | 2.55% |
Drawdowns
MVIAX vs. MIIAX - Drawdown Comparison
The maximum MVIAX drawdown since its inception was -65.34%, which is greater than MIIAX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for MVIAX and MIIAX.
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Drawdown Indicators
| MVIAX | MIIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.34% | -18.76% | -46.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -2.67% | -8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | -18.22% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -36.03% | -18.76% | -17.27% |
Current DrawdownCurrent decline from peak | -4.78% | -3.75% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -12.18% | -2.53% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 0.98% | +1.54% |
Volatility
MVIAX vs. MIIAX - Volatility Comparison
Praxis Value Index Fund (MVIAX) has a higher volatility of 3.84% compared to Praxis Impact Bond Fund (MIIAX) at 1.65%. This indicates that MVIAX's price experiences larger fluctuations and is considered to be riskier than MIIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVIAX | MIIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 1.65% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 2.56% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 4.29% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 5.81% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 4.71% | +12.10% |