MSTMX vs. CRMVX

Last updated Apr 2, 2026

Compare and contrast key facts about Morningstar Multisector Bond Fund (MSTMX) and Conquer Risk Managed Volatility Fund (CRMVX).

MSTMX is managed by Morningstar. It was launched on Nov 1, 2018. CRMVX is managed by Potomac Fund Management Inc.. It was launched on Jun 30, 2020.

Performance

MSTMX vs. CRMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar Multisector Bond Fund (MSTMX) and Conquer Risk Managed Volatility Fund (CRMVX). The values are adjusted to include any dividend payments, if applicable.

MSTMX vs. CRMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MSTMX Morningstar Multisector Bond Fund	-2.03%	10.03%	4.60%	10.77%	-13.11%	-2.86%	9.45%
CRMVX Conquer Risk Managed Volatility Fund	0.81%	4.91%	1.22%	0.25%	4.76%	0.61%	3.98%

Returns By Period

In the year-to-date period, MSTMX achieves a -2.03% return, which is significantly lower than CRMVX's 0.81% return.

MSTMX

• 1D: 0.00%
• 1M: -3.07%
• YTD: -2.03%
• 6M: -1.31%
• 1Y: 5.27%
• 3Y*: 6.54%
• 5Y*: 1.71%
• 10Y*: —

CRMVX

• 1D: -0.30%
• 1M: 0.40%
• YTD: 0.81%
• 6M: 1.01%
• 1Y: 6.50%
• 3Y*: 3.99%
• 5Y*: 2.59%
• 10Y*: —

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

MSTMX vs. CRMVX - Expense Ratio Comparison

MSTMX has a 0.58% expense ratio, which is lower than CRMVX's 1.62% expense ratio.

CRMVX

Conquer Risk Managed Volatility Fund

MSTMX

Morningstar Multisector Bond Fund

Return for Risk

MSTMX vs. CRMVX — Risk / Return Rank

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

MSTMX

MSTMX Risk / Return Rank: 63
MSTMX Sharpe Ratio Rank: 68
MSTMX Sortino Ratio Rank: 59
MSTMX Omega Ratio Rank: 68
MSTMX Calmar Ratio Rank: 59
MSTMX Martin Ratio Rank: 58

CRMVX

CRMVX Risk / Return Rank: 79
CRMVX Sharpe Ratio Rank: 80
CRMVX Sortino Ratio Rank: 80
CRMVX Omega Ratio Rank: 80
CRMVX Calmar Ratio Rank: 85
CRMVX Martin Ratio Rank: 71

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.

MSTMX vs. CRMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar Multisector Bond Fund (MSTMX) and Conquer Risk Managed Volatility Fund (CRMVX). 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.

	MSTMX	CRMVX	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.59	-0.26
Sortino ratio Return per unit of downside risk	1.70	2.17	-0.47
Omega ratio Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio Return relative to maximum drawdown	1.61	2.39	-0.78
Martin ratio Return relative to average drawdown	6.42	7.77	-1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTMX vs. CRMVX - Sharpe Ratio Comparison

The current MSTMX Sharpe Ratio is 1.33, which is comparable to the CRMVX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of MSTMX and CRMVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTMX	CRMVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.59	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.00	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.00	+0.52

Correlation

The correlation between MSTMX and CRMVX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSTMX vs. CRMVX - Dividend Comparison

MSTMX's dividend yield for the trailing twelve months is around 3.19%, less than CRMVX's 5.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MSTMX Morningstar Multisector Bond Fund	3.19%	4.00%	6.01%	5.26%	1.42%	4.17%	2.68%	6.18%	0.37%
CRMVX Conquer Risk Managed Volatility Fund	5.71%	5.75%	3.75%	2.74%	0.57%	2.59%	0.95%	0.00%	0.00%

Drawdowns

MSTMX vs. CRMVX - Drawdown Comparison

The maximum MSTMX drawdown since its inception was -21.37%, smaller than the maximum CRMVX drawdown of -97.39%. Use the drawdown chart below to compare losses from any high point for MSTMX and CRMVX.

Drawdown Indicators

	MSTMX	CRMVX	Difference
Max Drawdown Largest peak-to-trough decline	-21.37%	-97.39%	+76.02%
Max Drawdown (1Y) Largest decline over 1 year	-4.09%	-2.81%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-97.39%	+76.02%
Current Drawdown Current decline from peak	-4.09%	-97.14%	+93.05%
Average Drawdown Average peak-to-trough decline	-5.09%	-22.05%	+16.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	0.86%	+0.17%

Volatility

MSTMX vs. CRMVX - Volatility Comparison

Morningstar Multisector Bond Fund (MSTMX) and Conquer Risk Managed Volatility Fund (CRMVX) have volatilities of 1.79% and 1.80%, 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.

Volatility by Period

	MSTMX	CRMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	1.80%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	2.99%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	4.17%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.42%	1,708.90%	-1,703.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	1,593.93%	-1,588.15%