MSTFX vs. MSTQX
MSTFX (Morningstar International Equity Fund) and MSTQX (Morningstar U.S. Equity Fund) are both mutual funds - MSTFX is a Foreign Large Cap Equities fund managed by Morningstar, while MSTQX is a Large Cap Blend Equities fund managed by Morningstar. Over the past 5 years, MSTFX returned 4.99%/yr vs 6.21%/yr for MSTQX. Their correlation of 0.80 suggests significant overlap in exposure. MSTFX charges 1.00%/yr vs 0.85%/yr for MSTQX.
Performance
MSTFX vs. MSTQX - Performance Comparison
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Returns By Period
In the year-to-date period, MSTFX achieves a 12.15% return, which is significantly higher than MSTQX's 5.02% return.
MSTFX
- 1D
- 1.05%
- 1M
- 2.53%
- YTD
- 12.15%
- 6M
- 12.91%
- 1Y
- 14.72%
- 3Y*
- 10.23%
- 5Y*
- 4.99%
- 10Y*
- —
MSTQX
- 1D
- 0.72%
- 1M
- 0.48%
- YTD
- 5.02%
- 6M
- 4.17%
- 1Y
- -2.28%
- 3Y*
- 8.94%
- 5Y*
- 6.21%
- 10Y*
- —
MSTFX vs. MSTQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTFX Morningstar International Equity Fund | 12.15% | 16.75% | 1.29% | 15.57% | -15.36% | 7.25% | 8.99% | 22.90% | -5.75% |
MSTQX Morningstar U.S. Equity Fund | 5.02% | -5.56% | 18.94% | 25.24% | -16.29% | 26.15% | 10.49% | 26.02% | -10.45% |
Correlation
The correlation between MSTFX and MSTQX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.80 |
The correlation between MSTFX and MSTQX has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
MSTFX vs. MSTQX — Risk / Return Rank
MSTFX
MSTQX
MSTFX vs. MSTQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar International Equity Fund (MSTFX) and Morningstar U.S. Equity Fund (MSTQX). 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.
| MSTFX | MSTQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.13 | +1.77 |
| Martin ratioReturn relative to average drawdown | 4.93 | -0.26 | +5.19 |
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Drawdowns
MSTFX vs. MSTQX - Drawdown Comparison
The maximum MSTFX drawdown since its inception was -35.86%, roughly equal to the maximum MSTQX drawdown of -36.23%. Use the drawdown chart below to compare losses from any high point for MSTFX and MSTQX.
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Drawdown Indicators
| MSTFX | MSTQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.86% | -36.23% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -21.58% | +10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -13.93% | -21.58% | +7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -23.61% | -6.87% |
Current DrawdownCurrent decline from peak | -0.16% | -12.44% | +12.28% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -6.28% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 9.73% | -6.21% |
Volatility
MSTFX vs. MSTQX - Volatility Comparison
Morningstar International Equity Fund (MSTFX) has a higher volatility of 4.77% compared to Morningstar U.S. Equity Fund (MSTQX) at 3.98%. This indicates that MSTFX's price experiences larger fluctuations and is considered to be riskier than MSTQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTFX | MSTQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 3.98% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.38% | 18.44% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.22% | 20.27% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 18.63% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 20.68% | -1.60% |
MSTFX vs. MSTQX - Expense Ratio Comparison
MSTFX has a 1.00% expense ratio, which is higher than MSTQX's 0.85% expense ratio.
Dividends
MSTFX vs. MSTQX - Dividend Comparison
MSTFX's dividend yield for the trailing twelve months is around 2.29%, more than MSTQX's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTFX Morningstar International Equity Fund | 2.29% | 2.56% | 4.80% | 2.38% | 3.60% | 15.59% | 2.76% | 2.65% | 0.27% |
MSTQX Morningstar U.S. Equity Fund | 0.65% | 0.69% | 10.80% | 4.21% | 9.79% | 15.98% | 2.15% | 2.04% | 0.17% |
Frequently Asked Questions
MSTFX and MSTQX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTFX has higher volatility (4.77%) compared to MSTQX (3.98%). In terms of maximum drawdown, MSTFX dropped -35.86% vs MSTQX's -36.23%.
MSTFX currently has the higher Sharpe Ratio (1.02 vs -0.14), 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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