MRJAX vs. GQRIX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and GQRIX (GQG Partners Global Quality Equity Fund Institutional Shares) are both Global Equities funds. At a 0.47 correlation, their price movements are largely independent. MRJAX charges 1.10%/yr vs 0.75%/yr for GQRIX.

Performance

MRJAX vs. GQRIX - 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 Equity Fund Institutional Shares (GQRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRJAX

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

GQRIX

• 1D: 0.22%
• 1M: -0.38%
• YTD: 6.78%
• 6M: 8.44%
• 1Y: 7.46%
• 3Y*: 13.86%
• 5Y*: 9.53%
• 10Y*: —

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

MRJAX vs. GQRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.79%	-0.55%	5.09%	2.74%	21.57%	0.07%	6.41%
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	6.78%	0.91%	20.18%	19.79%	-3.64%	17.13%	14.75%	12.84%

Correlation

The correlation between MRJAX and GQRIX is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 1, 2019	0.47

The correlation between MRJAX and GQRIX shifts across timeframes, from -0.06 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. GQRIX — Risk / Return Rank

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

GQRIX

GQRIX Risk / Return Rank: 13
GQRIX Sharpe Ratio Rank: 12
GQRIX Sortino Ratio Rank: 12
GQRIX Omega Ratio Rank: 11
GQRIX Calmar Ratio Rank: 18
GQRIX Martin Ratio Rank: 11

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. GQRIX - 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 Equity Fund Institutional Shares (GQRIX). 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	GQRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Drawdowns

Drawdown Indicators

	MRJAX	GQRIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.86%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.29%	—
Current Drawdown Current decline from peak	—	-4.32%	—
Average Drawdown Average peak-to-trough decline	—	-4.90%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.58%	—

Volatility

Volatility by Period

	MRJAX	GQRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.68%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.25%	—

MRJAX vs. GQRIX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is higher than GQRIX's 0.75% expense ratio.

Dividends

MRJAX vs. GQRIX - Dividend Comparison

MRJAX has not paid dividends to shareholders, while GQRIX's dividend yield for the trailing twelve months is around 7.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GQRIX GQG Partners Global Quality Equity Fund Institutional Shares	7.44%	7.94%	6.46%	1.39%	2.99%	1.65%	0.11%	0.04%	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 GQRIX in my portfolio?

MRJAX and GQRIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.