GFSYX vs. MSTVX
GFSYX (GuideStone Funds Strategic Alternatives Fund) and MSTVX (Morningstar Alternatives Fund) are both Multistrategy funds. Over the past 5 years, GFSYX returned 4.80%/yr vs 3.87%/yr for MSTVX. At a 0.17 correlation, their price movements are largely independent. Both charge a 1.15% expense ratio.
Performance
GFSYX vs. MSTVX - Performance Comparison
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Returns By Period
In the year-to-date period, GFSYX achieves a 1.89% return, which is significantly higher than MSTVX's 1.69% return.
GFSYX
- 1D
- -0.11%
- 1M
- 1.22%
- 6M
- 2.35%
- YTD
- 1.89%
- 1Y
- 5.98%
- 3Y*
- 6.51%
- 5Y*
- 4.80%
- 10Y*
- —
MSTVX
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 1.60%
- YTD
- 1.69%
- 1Y
- 4.57%
- 3Y*
- 6.67%
- 5Y*
- 3.87%
- 10Y*
- —
GFSYX vs. MSTVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFSYX GuideStone Funds Strategic Alternatives Fund | 1.89% | 5.49% | 7.60% | 5.98% | -0.57% | 4.96% | -0.17% | 4.94% | -0.75% |
MSTVX Morningstar Alternatives Fund | 1.69% | 6.42% | 6.37% | 6.86% | -2.69% | 4.20% | 3.81% | 5.82% | -0.05% |
Correlation
The correlation between GFSYX and MSTVX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.17 |
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Return for Risk
GFSYX vs. MSTVX — Risk / Return Rank
GFSYX
MSTVX
GFSYX vs. MSTVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Strategic Alternatives Fund (GFSYX) 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.
| GFSYX | MSTVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.49 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 3.07 | +1.42 |
| Martin ratioReturn relative to average drawdown | 11.34 | 7.64 | +3.69 |
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Drawdowns
GFSYX vs. MSTVX - Drawdown Comparison
The maximum GFSYX drawdown since its inception was -9.54%, which is greater than MSTVX's maximum drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for GFSYX and MSTVX.
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Drawdown Indicators
| GFSYX | MSTVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -8.02% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | -1.84% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.49% | -3.31% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -4.49% | -5.89% | +1.40% |
Current DrawdownCurrent decline from peak | -0.11% | -0.55% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -1.17% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.68% | -0.15% |
Volatility
GFSYX vs. MSTVX - Volatility Comparison
GuideStone Funds Strategic Alternatives Fund (GFSYX) and Morningstar Alternatives Fund (MSTVX) have volatilities of 0.65% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFSYX | MSTVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.68% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 1.78% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 2.32% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 3.16% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 3.13% | +0.57% |
GFSYX vs. MSTVX - Expense Ratio Comparison
Both GFSYX and MSTVX have an expense ratio of 1.15%.
Dividends
GFSYX vs. MSTVX - Dividend Comparison
GFSYX's dividend yield for the trailing twelve months is around 7.04%, more than MSTVX's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GFSYX GuideStone Funds Strategic Alternatives Fund | 7.04% | 7.18% | 8.54% | 13.00% | 4.20% | 1.59% | 1.53% | 2.24% | 2.17% | 0.70% |
MSTVX Morningstar Alternatives Fund | 3.35% | 3.41% | 3.07% | 3.86% | 3.92% | 4.99% | 2.91% | 1.74% | 0.25% | 0.00% |
Frequently Asked Questions
GFSYX and MSTVX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTVX has higher volatility (0.68%) compared to GFSYX (0.65%). In terms of maximum drawdown, GFSYX dropped -9.54% vs MSTVX's -8.02%.
MSTVX currently has the higher Sharpe Ratio (2.44 vs 2.40), 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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