CGFIX vs. MSTVX
CGFIX (abrdn Global Absolute Return Strategies Fund) and MSTVX (Morningstar Alternatives Fund) are both Multistrategy funds. Over the past 5 years, CGFIX returned 0.27%/yr vs 4.01%/yr for MSTVX. Their 0.23 correlation means their historical movements had little consistent relationship. CGFIX charges 0.78%/yr vs 1.15%/yr for MSTVX.
Performance
CGFIX vs. MSTVX - Performance Comparison
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Returns By Period
In the year-to-date period, CGFIX achieves a 0.33% return, which is significantly lower than MSTVX's 1.98% return.
CGFIX
- 1D
- 0.12%
- 1M
- -1.42%
- 6M
- -0.43%
- YTD
- 0.33%
- 1Y
- 3.20%
- 3Y*
- 5.07%
- 5Y*
- 0.27%
- 10Y*
- 1.63%
- ALL TIME*
- 4.57%
MSTVX
- 1D
- 0.19%
- 1M
- 0.09%
- 6M
- 1.31%
- YTD
- 1.98%
- 1Y
- 4.86%
- 3Y*
- 6.45%
- 5Y*
- 4.01%
- 10Y*
- —
- ALL TIME*
- 4.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CGFIX vs. MSTVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CGFIX abrdn Global Absolute Return Strategies Fund | 0.33% | 5.79% | 4.85% | -2.54% | -9.99% | 1.39% | 6.37% | 7.26% | -1.34% |
MSTVX Morningstar Alternatives Fund | 1.98% | 6.42% | 6.37% | 6.86% | -2.69% | 4.20% | 3.81% | 5.82% | -0.05% |
Correlation
The correlation between CGFIX and MSTVX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.23 |
The correlation between CGFIX and MSTVX shifts across timeframes, from 0.20 (5 years) to 0.48 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CGFIX vs. MSTVX — Risk / Return Rank
CGFIX
MSTVX
CGFIX vs. MSTVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Global Absolute Return Strategies Fund (CGFIX) and Morningstar Alternatives Fund (MSTVX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGFIX | MSTVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.54 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.28 | -1.91 |
| Martin ratioReturn relative to average drawdown | 4.54 | 8.08 | -3.54 |
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Drawdowns
CGFIX vs. MSTVX - Drawdown Comparison
The maximum CGFIX drawdown since its inception was -20.28%, which is greater than MSTVX's maximum drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for CGFIX and MSTVX.
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Drawdown Indicators
| CGFIX | MSTVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.28% | -8.02% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -1.84% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -3.31% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.28% | -5.89% | -14.39% |
Max Drawdown (10Y)Largest decline over 10 years | -20.28% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -0.28% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -1.17% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.68% | +0.16% |
Volatility
CGFIX vs. MSTVX - Volatility Comparison
abrdn Global Absolute Return Strategies Fund (CGFIX) has a higher volatility of 0.84% compared to Morningstar Alternatives Fund (MSTVX) at 0.57%. This indicates that CGFIX's price experiences larger fluctuations and is considered to be riskier than MSTVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGFIX | MSTVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.57% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 1.77% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 2.29% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 3.16% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 3.13% | +1.56% |
CGFIX vs. MSTVX - Expense Ratio Comparison
CGFIX has a 0.78% expense ratio, which is lower than MSTVX's 1.15% expense ratio.
Dividends
CGFIX vs. MSTVX - Dividend Comparison
CGFIX's dividend yield for the trailing twelve months is around 5.66%, more than MSTVX's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGFIX abrdn Global Absolute Return Strategies Fund | 5.66% | 5.51% | 6.43% | 2.08% | 0.00% | 7.49% | 0.23% | 3.29% | 6.05% | 0.33% | 1.12% | 0.35% |
MSTVX Morningstar Alternatives Fund | 3.34% | 3.41% | 3.07% | 3.86% | 3.92% | 4.99% | 2.91% | 1.74% | 0.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGFIX and MSTVX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGFIX has higher volatility (0.84%) compared to MSTVX (0.57%). In terms of maximum drawdown, CGFIX dropped -20.28% vs MSTVX's -8.02%.
MSTVX currently has the higher Sharpe Ratio (2.64 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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