MSTGX vs. SPY
Compare and contrast key facts about Morningstar Global Income Fund (MSTGX) and State Street SPDR S&P 500 ETF (SPY).
MSTGX is managed by Morningstar. It was launched on Nov 1, 2018. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
MSTGX vs. SPY - Performance Comparison
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MSTGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTGX Morningstar Global Income Fund | 3.10% | 12.04% | 5.36% | 11.91% | -11.18% | 8.46% | 3.92% | 19.97% | -3.56% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -8.05% |
Returns By Period
In the year-to-date period, MSTGX achieves a 3.10% return, which is significantly higher than SPY's -3.65% return.
MSTGX
- 1D
- 0.39%
- 1M
- -3.55%
- YTD
- 3.10%
- 6M
- 4.16%
- 1Y
- 10.06%
- 3Y*
- 9.62%
- 5Y*
- 4.82%
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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MSTGX vs. SPY - Expense Ratio Comparison
MSTGX has a 0.62% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MSTGX vs. SPY — Risk / Return Rank
MSTGX
SPY
MSTGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Global Income Fund (MSTGX) and State Street SPDR S&P 500 ETF (SPY). 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.
| MSTGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.96 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.11 | 1.49 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.53 | +0.51 |
Martin ratioReturn relative to average drawdown | 9.32 | 7.27 | +2.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSTGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.96 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.70 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.56 | +0.04 |
Correlation
The correlation between MSTGX and SPY is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MSTGX vs. SPY - Dividend Comparison
MSTGX's dividend yield for the trailing twelve months is around 2.53%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTGX Morningstar Global Income Fund | 2.53% | 2.97% | 6.64% | 6.32% | 8.79% | 10.48% | 2.96% | 4.11% | 0.56% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MSTGX vs. SPY - Drawdown Comparison
The maximum MSTGX drawdown since its inception was -27.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSTGX and SPY.
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Drawdown Indicators
| MSTGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -55.19% | +27.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -12.05% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -24.50% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -3.91% | -5.53% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -9.09% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.54% | -1.10% |
Volatility
MSTGX vs. SPY - Volatility Comparison
The current volatility for Morningstar Global Income Fund (MSTGX) is 2.14%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that MSTGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 5.35% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.37% | 9.50% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 19.06% | -10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 17.06% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 17.92% | -7.02% |