MSTRX vs. BTC-USD
MSTRX (Morningstar Total Return Bond Fund) is Intermediate Core Bond fund managed by Morningstar, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, MSTRX returned -0.96%/yr vs 13.96%/yr for BTC-USD. At a 0.02 correlation, their price movements are largely independent.
Performance
MSTRX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTRX achieves a -0.26% return, which is significantly higher than BTC-USD's -30.61% return.
MSTRX
- 1D
- 0.11%
- 1M
- 0.73%
- YTD
- -0.26%
- 6M
- -0.17%
- 1Y
- 2.27%
- 3Y*
- 3.00%
- 5Y*
- -0.96%
- 10Y*
- —
BTC-USD
- 1D
- -3.08%
- 1M
- -21.40%
- YTD
- -30.61%
- 6M
- -30.69%
- 1Y
- -42.79%
- 3Y*
- 25.82%
- 5Y*
- 13.96%
- 10Y*
- 57.69%
MSTRX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -0.26% | 4.87% | 1.75% | 5.54% | -15.53% | -1.56% | 9.57% | 9.34% | 2.40% |
BTC-USD Bitcoin | -30.61% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -42.52% |
Correlation
The correlation between MSTRX and BTC-USD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.02 |
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Return for Risk
MSTRX vs. BTC-USD — Risk / Return Rank
MSTRX
BTC-USD
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.
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.
| MSTRX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.85 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.83 | +1.89 |
| Martin ratioReturn relative to average drawdown | 2.72 | -1.40 | +4.12 |
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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.
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Drawdown Indicators
| MSTRX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -85.30% | +64.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -51.32% | +48.26% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -51.32% | +44.65% |
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 DrawdownCurrent decline from peak | -6.60% | -51.32% | +44.72% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -42.41% | +35.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 31.43% | -30.27% |
Volatility
MSTRX vs. BTC-USD - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.12%, while Bitcoin (BTC-USD) has a volatility of 12.46%. 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.
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Volatility by Period
| MSTRX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 12.46% | -11.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 34.72% | -31.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 35.61% | -31.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 44.27% | -38.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.64% | 56.41% | -50.77% |
Frequently Asked Questions
MSTRX and BTC-USD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.46%) compared to MSTRX (1.12%). In terms of maximum drawdown, MSTRX dropped -20.97% vs BTC-USD's -85.30%.
MSTRX currently has the higher Sharpe Ratio (0.79 vs -1.00), 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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