MSTQX vs. MSTMX
MSTQX (Morningstar U.S. Equity Fund) and MSTMX (Morningstar Multisector Bond Fund) are both mutual funds - MSTQX is a Large Cap Blend Equities fund managed by Morningstar, while MSTMX is a Multisector Bonds fund managed by Morningstar. Over the past 5 years, MSTQX returned 6.04%/yr vs 1.93%/yr for MSTMX. Their 0.49 correlation means their historical movements had little consistent relationship. MSTQX charges 0.85%/yr vs 0.58%/yr for MSTMX.
Performance
MSTQX vs. MSTMX - 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 MSTMX's 1.39% 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%
MSTMX
- 1D
- 0.22%
- 1M
- -0.54%
- 6M
- -0.10%
- YTD
- 1.39%
- 1Y
- 5.00%
- 3Y*
- 6.73%
- 5Y*
- 1.93%
- 10Y*
- —
- ALL TIME*
- 3.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MSTQX vs. MSTMX - 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% |
MSTMX Morningstar Multisector Bond Fund | 1.39% | 10.03% | 4.60% | 10.77% | -13.11% | -2.86% | 6.45% | 10.53% | -0.23% |
Correlation
The correlation between MSTQX and MSTMX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.49 |
The correlation between MSTQX and MSTMX shifts across timeframes, from 0.49 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MSTQX vs. MSTMX — Risk / Return Rank
MSTQX
MSTMX
MSTQX vs. MSTMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) and Morningstar Multisector Bond Fund (MSTMX). 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 | MSTMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.26 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.49 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.55 | 5.38 | -5.93 |
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Drawdowns
MSTQX vs. MSTMX - Drawdown Comparison
The maximum MSTQX drawdown since its inception was -36.23%, which is greater than MSTMX's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for MSTQX and MSTMX.
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Drawdown Indicators
| MSTQX | MSTMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -21.37% | -14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -21.58% | -4.09% | -17.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -4.93% | -16.65% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -21.20% | -2.41% |
Current DrawdownCurrent decline from peak | -10.62% | -0.93% | -9.69% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -4.92% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.43% | 1.03% | +9.40% |
Volatility
MSTQX vs. MSTMX - Volatility Comparison
Morningstar U.S. Equity Fund (MSTQX) has a higher volatility of 2.92% compared to Morningstar Multisector Bond Fund (MSTMX) at 1.03%. This indicates that MSTQX's price experiences larger fluctuations and is considered to be riskier than MSTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTQX | MSTMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 1.03% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 3.47% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 4.54% | +15.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 5.52% | +13.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 5.74% | +14.82% |
MSTQX vs. MSTMX - Expense Ratio Comparison
MSTQX has a 0.85% expense ratio, which is higher than MSTMX's 0.58% expense ratio.
Dividends
MSTQX vs. MSTMX - Dividend Comparison
MSTQX's dividend yield for the trailing twelve months is around 0.64%, less than MSTMX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTMX Morningstar Multisector Bond Fund | 4.38% | 4.00% | 6.01% | 5.26% | 1.42% | 4.17% | 2.68% | 6.18% | 0.37% |
MSTQX Morningstar U.S. Equity Fund | 0.64% | 0.69% | 10.80% | 4.21% | 9.79% | 15.98% | 2.15% | 2.04% | 0.17% |
Frequently Asked Questions
MSTQX and MSTMX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTQX has higher volatility (2.92%) compared to MSTMX (1.03%). In terms of maximum drawdown, MSTQX dropped -36.23% vs MSTMX's -21.37%.
MSTMX currently has the higher Sharpe Ratio (1.34 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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