MSTRX vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Morningstar Total Return Bond Fund (MSTRX) and Bitcoin (BTC-USD).

MSTRX is managed by Morningstar. It was launched on Nov 2, 2018.

Performance

MSTRX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar Total Return Bond Fund (MSTRX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

MSTRX vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSTRX Morningstar Total Return Bond Fund	-1.01%	4.87%	1.75%	5.54%	-15.53%	-1.56%	9.57%	9.34%	2.40%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-42.35%

Returns By Period

In the year-to-date period, MSTRX achieves a -1.01% return, which is significantly higher than BTC-USD's -21.63% return.

MSTRX

• 1D: -0.11%
• 1M: -1.88%
• YTD: -1.01%
• 6M: -0.81%
• 1Y: 1.52%
• 3Y*: 2.53%
• 5Y*: -0.82%
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

MSTRX vs. BTC-USD — Risk / Return Rank

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

MSTRX

MSTRX Risk / Return Rank: 26
MSTRX Sharpe Ratio Rank: 14
MSTRX Sortino Ratio Rank: 12
MSTRX Omega Ratio Rank: 10
MSTRX Calmar Ratio Rank: 58
MSTRX Martin Ratio Rank: 37

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

MSTRX vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and Bitcoin (BTC-USD). 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.

	MSTRX	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.45	-0.44	+0.89
Sortino ratio Return per unit of downside risk	0.66	-0.38	+1.04
Omega ratio Gain probability vs. loss probability	1.08	0.96	+0.12
Calmar ratio Return relative to maximum drawdown	1.50	-1.11	+2.61
Martin ratio Return relative to average drawdown	4.28	-1.99	+6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTRX vs. BTC-USD - Sharpe Ratio Comparison

The current MSTRX Sharpe Ratio is 0.45, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of MSTRX and BTC-USD, 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

	MSTRX	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	-0.44	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.05	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.19	-0.87

Correlation

The correlation between MSTRX and BTC-USD is 0.02, 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.

Drawdowns

MSTRX vs. BTC-USD - Drawdown Comparison

The maximum MSTRX drawdown since its inception was -20.97%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MSTRX and BTC-USD.

Drawdown Indicators

	MSTRX	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-20.97%	-85.30%	+64.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-49.65%	+46.64%
Max Drawdown (5Y) Largest decline over 5 years	-20.77%	-76.67%	+55.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-7.30%	-45.02%	+37.72%
Average Drawdown Average peak-to-trough decline	-7.12%	-41.99%	+34.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	27.60%	-26.54%

Volatility

MSTRX vs. BTC-USD - Volatility Comparison

The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.19%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTRX	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	13.58%	-12.39%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	35.98%	-33.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.90%	36.76%	-31.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.22%	46.90%	-40.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.68%	56.70%	-51.02%