MRJAX vs. GQFPX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and GQFPX (GQG Partners Global Quality Dividend Income Fund) are both Global Equities funds. At a 0.41 correlation, their price movements are largely independent. MRJAX charges 1.10%/yr vs 0.86%/yr for GQFPX.

Performance

MRJAX vs. GQFPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and GQG Partners Global Quality Dividend Income Fund (GQFPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRJAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GQFPX

• 1D: 0.15%
• 1M: -2.74%
• YTD: 7.81%
• 6M: 9.15%
• 1Y: 14.97%
• 3Y*: 14.49%
• 5Y*: —
• 10Y*: —

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

MRJAX vs. GQFPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.79%	-0.55%	5.09%	2.74%	9.62%
GQFPX GQG Partners Global Quality Dividend Income Fund	7.81%	19.29%	4.81%	15.09%	-1.13%	5.03%

Correlation

The correlation between MRJAX and GQFPX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.41

The correlation between MRJAX and GQFPX shifts across timeframes, from -0.01 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. GQFPX — Risk / Return Rank

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

GQFPX

GQFPX Risk / Return Rank: 42
GQFPX Sharpe Ratio Rank: 36
GQFPX Sortino Ratio Rank: 34
GQFPX Omega Ratio Rank: 33
GQFPX Calmar Ratio Rank: 66
GQFPX Martin Ratio Rank: 41

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.

MRJAX vs. GQFPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and GQG Partners Global Quality Dividend Income Fund (GQFPX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MRJAX	GQFPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.80	—

Drawdowns

Drawdown Indicators

	MRJAX	GQFPX	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.57%	—
Current Drawdown Current decline from peak	—	-4.80%	—
Average Drawdown Average peak-to-trough decline	—	-3.01%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.87%	—

Volatility

Volatility by Period

	MRJAX	GQFPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.82%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.82%	—

MRJAX vs. GQFPX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is higher than GQFPX's 0.86% expense ratio.

Dividends

MRJAX vs. GQFPX - Dividend Comparison

MRJAX has not paid dividends to shareholders, while GQFPX's dividend yield for the trailing twelve months is around 5.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GQFPX GQG Partners Global Quality Dividend Income Fund	5.92%	5.32%	3.71%	3.69%	5.18%	1.38%	0.00%	0.00%	0.00%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	0.00%	11.24%	4.40%	4.04%	15.24%	1.09%	1.40%	1.22%

Frequently Asked Questions

Can I hold both MRJAX and GQFPX in my portfolio?

MRJAX and GQFPX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.