MSTQX vs. MSTSX

Last updated Jun 24, 2026

MSTQX (Morningstar U.S. Equity Fund) and MSTSX (Morningstar Global Opportunistic Equity Fund) are both mutual funds - MSTQX is a Large Cap Blend Equities fund managed by Morningstar, while MSTSX is a Global Allocation fund managed by Morningstar. Over the past 5 years, MSTQX returned 5.71%/yr vs 6.36%/yr for MSTSX. Their correlation of 0.89 suggests significant overlap in exposure. MSTQX charges 0.85%/yr vs 0.78%/yr for MSTSX.

Performance

MSTQX vs. MSTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar U.S. Equity Fund (MSTQX) and Morningstar Global Opportunistic Equity Fund (MSTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTQX achieves a 4.35% return, which is significantly lower than MSTSX's 5.46% return.

MSTQX

• 1D: -0.64%
• 1M: -0.16%
• YTD: 4.35%
• 6M: 3.42%
• 1Y: -3.57%
• 3Y*: 9.29%
• 5Y*: 5.71%
• 10Y*: —

MSTSX

• 1D: -0.17%
• 1M: -0.52%
• YTD: 5.46%
• 6M: 5.24%
• 1Y: 4.41%
• 3Y*: 10.46%
• 5Y*: 6.36%
• 10Y*: —

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

MSTQX vs. MSTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSTQX Morningstar U.S. Equity Fund	4.35%	-5.56%	18.94%	25.24%	-16.29%	26.15%	10.49%	26.02%	-10.45%
MSTSX Morningstar Global Opportunistic Equity Fund	5.46%	7.72%	10.17%	17.15%	-9.19%	11.21%	9.40%	17.33%	-4.32%

Correlation

The correlation between MSTQX and MSTSX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018	0.89

The correlation between MSTQX and MSTSX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

MSTQX vs. MSTSX — Risk / Return Rank

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

MSTQX

MSTQX Risk / Return Rank: 2
MSTQX Sharpe Ratio Rank: 2
MSTQX Sortino Ratio Rank: 2
MSTQX Omega Ratio Rank: 2
MSTQX Calmar Ratio Rank: 2
MSTQX Martin Ratio Rank: 2

MSTSX

MSTSX Risk / Return Rank: 6
MSTSX Sharpe Ratio Rank: 6
MSTSX Sortino Ratio Rank: 5
MSTSX Omega Ratio Rank: 7
MSTSX Calmar Ratio Rank: 6
MSTSX Martin Ratio Rank: 5

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.

MSTQX vs. MSTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) and Morningstar Global Opportunistic Equity Fund (MSTSX). 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	MSTSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.43	-0.61
Sortino ratio: Return per unit of downside risk	-0.08	0.62	-0.70
Omega ratio: Gain probability vs. loss probability	0.98	1.10	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.17	0.45	-0.61
Martin ratio: Return relative to average drawdown	-0.33	1.05	-1.38

MSTQX vs. MSTSX - Sharpe Ratio Comparison

The current MSTQX Sharpe Ratio is -0.18, which is lower than the MSTSX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of MSTQX and MSTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSTQX vs. MSTSX - Drawdown Comparison

The maximum MSTQX drawdown since its inception was -36.23%, which is greater than MSTSX's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for MSTQX and MSTSX.

Drawdown Indicators

	MSTQX	MSTSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.23%	-27.44%	-8.79%
Max Drawdown (1Y) Largest decline over 1 year	-21.58%	-14.10%	-7.48%
Max Drawdown (3Y) Largest decline over 3 years	-21.58%	-14.10%	-7.48%
Max Drawdown (5Y) Largest decline over 5 years	-23.61%	-21.16%	-2.45%
Current Drawdown Current decline from peak	-13.00%	-5.72%	-7.28%
Average Drawdown Average peak-to-trough decline	-6.28%	-4.09%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.74%	5.42%	+4.32%

Volatility

MSTQX vs. MSTSX - Volatility Comparison

Morningstar U.S. Equity Fund (MSTQX) and Morningstar Global Opportunistic Equity Fund (MSTSX) have volatilities of 3.95% and 3.82%, 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

	MSTQX	MSTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.82%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	18.44%	12.12%	+6.32%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	14.60%	+5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	15.15%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	15.57%	+5.11%

MSTQX vs. MSTSX - Expense Ratio Comparison

MSTQX has a 0.85% expense ratio, which is higher than MSTSX's 0.78% expense ratio.

Dividends

MSTQX vs. MSTSX - Dividend Comparison

MSTQX's dividend yield for the trailing twelve months is around 0.66%, less than MSTSX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MSTQX Morningstar U.S. Equity Fund	0.66%	0.69%	10.80%	4.21%	9.79%	15.98%	2.15%	2.04%	0.17%
MSTSX Morningstar Global Opportunistic Equity Fund	2.31%	2.44%	9.41%	2.68%	2.99%	22.24%	2.94%	3.93%	1.13%

Frequently Asked Questions

Can I hold both MSTQX and MSTSX in my portfolio?

With a correlation of 0.92, MSTQX and MSTSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MSTQX or MSTSX?

MSTQX has higher volatility (3.95%) compared to MSTSX (3.82%). In terms of maximum drawdown, MSTQX dropped -36.23% vs MSTSX's -27.44%.

Which has better risk-adjusted returns?

MSTSX currently has the higher Sharpe Ratio (0.43 vs -0.18), 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.