MSTQX vs. MSCI
MSTQX (Morningstar U.S. Equity Fund) is Large Cap Blend Equities fund managed by Morningstar, while MSCI (MSCI Inc.) is a stock. Over the past 5 years, MSTQX returned 6.04%/yr vs 0.29%/yr for MSCI. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
MSTQX vs. MSCI - Performance Comparison
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Returns By Period
In the year-to-date period, MSTQX achieves a 7.20% return, which is significantly higher than MSCI's 0.50% return.
MSTQX
- 1D
- 0.79%
- 1M
- 0.63%
- 6M
- 4.49%
- YTD
- 7.20%
- 1Y
- -4.75%
- 3Y*
- 8.21%
- 5Y*
- 6.04%
- 10Y*
- —
- ALL TIME*
- 9.28%
MSCI
- 1D
- -0.61%
- 1M
- -5.12%
- 6M
- -5.36%
- YTD
- 0.50%
- 1Y
- 4.10%
- 3Y*
- 2.84%
- 5Y*
- 0.29%
- 10Y*
- 22.38%
- ALL TIME*
- 19.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MSCI MSCI Inc. | $558.68M | $425.84M | $423.23M |
| $0.00 | $0.00 | $0.00 |
MSTQX vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTQX Morningstar U.S. Equity Fund | 7.20% | -5.56% | 18.94% | 25.24% | -16.29% | 26.15% | 10.49% | 26.02% | -10.45% |
MSCI MSCI Inc. | 0.50% | -3.17% | 7.31% | 22.90% | -23.34% | 38.14% | 74.38% | 77.19% | 2.71% |
Correlation
The correlation between MSTQX and MSCI is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.55 |
Over the past year, the correlation between MSTQX and MSCI has dropped to 0.29 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
MSTQX vs. MSCI — Risk / Return Rank
MSTQX
MSCI
MSTQX vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) and MSCI Inc. (MSCI). 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.
| MSTQX | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.05 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.19 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.55 | 0.45 | -1.00 |
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Drawdowns
MSTQX vs. MSCI - Drawdown Comparison
The maximum MSTQX drawdown since its inception was -36.23%, smaller than the maximum MSCI drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for MSTQX and MSCI.
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Drawdown Indicators
| MSTQX | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -69.06% | +32.83% |
Max Drawdown (1Y)Largest decline over 1 year | -21.58% | -18.07% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -25.99% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -43.74% | +20.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.74% | — |
Current DrawdownCurrent decline from peak | -10.62% | -11.12% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -13.04% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.43% | 7.46% | +2.97% |
Volatility
MSTQX vs. MSCI - Volatility Comparison
The current volatility for Morningstar U.S. Equity Fund (MSTQX) is 2.92%, while MSCI Inc. (MSCI) has a volatility of 13.82%. This indicates that MSTQX experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTQX | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 13.82% | -10.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 24.75% | -15.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 30.48% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 31.36% | -12.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 31.47% | -10.91% |
Dividends
MSTQX vs. MSCI - Dividend Comparison
MSTQX's dividend yield for the trailing twelve months is around 0.64%, less than MSCI's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCI MSCI Inc. | 1.35% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
MSTQX Morningstar U.S. Equity Fund | 0.64% | 0.69% | 10.80% | 4.21% | 9.79% | 15.98% | 2.15% | 2.04% | 0.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTQX and MSCI have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCI has higher volatility (13.82%) compared to MSTQX (2.92%). In terms of maximum drawdown, MSTQX dropped -36.23% vs MSCI's -69.06%.
MSCI currently has the higher Sharpe Ratio (0.11 vs -0.31), 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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