Morningstar Alternatives Fund (MSTVX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MSTVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSTVX
MSTVX charges 1.15% annually. There are 10 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | MSTVX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | MSTVX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | MSTVX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | MSTVX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | MSTVX vs JAAAX |
Best Risk-Adjusted Alternatives to MSTVX
MSTVX has a PortfoliosLab risk / return rank of 63. There are 31 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | MSTVX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | MSTVX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | MSTVX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | MSTVX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | MSTVX vs ADANX |
Top Performing MSTVX Alternatives (YTD)
MSTVX is at 0.75% YTD. There are 45 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.99% | — | Sep 2017 | MSTVX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.92% | — | Sep 2017 | MSTVX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.84% | — | Sep 2017 | MSTVX vs QRPNX | |
| Abbey Capital Multi Asset Fund Class I | 13.53% | — | Apr 2018 | MSTVX vs MAFIX | |
| AQR Style Premia Alternative R6 | 12.86% | — | Sep 2014 | MSTVX vs QSPRX |
Lowest Volatility Alternatives to MSTVX
MSTVX has 2.26% 1-year volatility. There are 6 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | MSTVX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | MSTVX vs ADAIX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.43% | — | Feb 2018 | MSTVX vs TALTX | |
| AQR Diversified Arbitrage Fund Class N | 1.43% | — | Jan 2009 | MSTVX vs ADANX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | MSTVX vs TMSRX |
Lowest Drawdown Alternatives to MSTVX
MSTVX has a 1-year max drawdown of -1.84%. There are 13 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | MSTVX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | MSTVX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | MSTVX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | MSTVX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | MSTVX vs TMSRX |
Other Mutual Funds from Morningstar
The 8 most viewed Morningstar mutual funds shown here include MSTRX, MSTFX, MSTQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Morningstar Total Return Bond Fund | Intermediate Core Bond | 15 | -0.26% | — | Nov 2018 | MSTVX vs MSTRX | |
| Morningstar International Equity Fund | Foreign Large Cap Equities | 17 | 12.24% | — | Nov 2018 | MSTVX vs MSTFX | |
| Morningstar U.S. Equity Fund | Large Cap Blend Equities | 3 | 6.28% | — | Nov 2018 | MSTVX vs MSTQX | |
| Morningstar Global Income Fund | Global Allocation | 69 | 6.45% | — | Nov 2018 | MSTVX vs MSTGX | |
| Morningstar Multisector Bond Fund | Multisector Bonds | 57 | 1.80% | — | Nov 2018 | MSTVX vs MSTMX | |
| Morningstar Defensive Bond Fund | Short-Term Bond | 34 | -0.11% | — | Nov 2018 | MSTVX vs MSTBX | |
| Morningstar Municipal Bond Fund | Municipal Bonds | 74 | 1.18% | — | Nov 2018 | MSTVX vs MSTPX | |
| Morningstar Global Opportunistic Equity Fund | Global Allocation | 9 | 8.01% | — | Nov 2018 | MSTVX vs MSTSX |
Often Compared With MSTVX
Investors most often compare MSTVX with DBC, QDSIX, QSPNX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | Commodities | 75 | 35.47% | 1.86B | Feb 2006 | MSTVX vs DBC | |
| AQR Diversifying Strategies Fund | Multistrategy | 92 | 6.42% | — | Jun 2020 | MSTVX vs QDSIX | |
| AQR Style Premia Alternative Fund Class N | Multistrategy | 49 | 12.78% | — | Oct 2013 | MSTVX vs QSPNX | |
| Allspring Alternative Risk Premia Fund | Multistrategy | 93 | 10.67% | — | Jan 2019 | MSTVX vs WRPIX | |
| FS Credit Income Fund Class I | Multistrategy | 96 | 2.90% | — | Nov 2017 | MSTVX vs FCRIX | |
| AQR Style Premia Alternative Fund | Multistrategy | 50 | 12.83% | — | Oct 2013 | MSTVX vs QSPIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.46% | — | Feb 2013 | MSTVX vs SHRIX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 89 | 10.73% | — | Jul 2015 | MSTVX vs TNMIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 65 | 11.00% | — | Aug 2019 | MSTVX vs SYMIX |
Compare MSTVX with Any Fund or Stock
Compare MSTVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSTVX with funds that move differently
Morningstar Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSTVX.
Explore MSTVX Diversifiers