MSTRX vs. MSTQX
MSTRX (Morningstar Total Return Bond Fund) and MSTQX (Morningstar U.S. Equity Fund) are both mutual funds - MSTRX is a Intermediate Core Bond fund managed by Morningstar, while MSTQX is a Large Cap Blend Equities fund managed by Morningstar. Over the past 5 years, MSTRX returned -1.36%/yr vs 6.04%/yr for MSTQX. Their 0.08 correlation means their historical movements had little consistent relationship. MSTRX charges 0.55%/yr vs 0.85%/yr for MSTQX.
Performance
MSTRX vs. MSTQX - Performance Comparison
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Returns By Period
In the year-to-date period, MSTRX achieves a -0.93% return, which is significantly lower than MSTQX's 7.20% return.
MSTRX
- 1D
- 0.00%
- 1M
- -0.79%
- 6M
- -1.15%
- YTD
- -0.93%
- 1Y
- 1.29%
- 3Y*
- 2.92%
- 5Y*
- -1.36%
- 10Y*
- —
- ALL TIME*
- 1.69%
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%
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 |
MSTRX vs. MSTQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -0.93% | 4.87% | 1.75% | 5.54% | -15.53% | -1.56% | 9.57% | 9.34% | 2.40% |
MSTQX Morningstar U.S. Equity Fund | 7.20% | -5.56% | 18.94% | 25.24% | -16.29% | 26.15% | 10.49% | 26.02% | -10.45% |
Correlation
The correlation between MSTRX and MSTQX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.08 |
Over the past year, MSTRX and MSTQX have become more correlated (0.39) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
MSTRX vs. MSTQX — Risk / Return Rank
MSTRX
MSTQX
MSTRX vs. MSTQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and Morningstar U.S. Equity Fund (MSTQX). 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 | MSTQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.95 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.29 | +0.86 |
| Martin ratioReturn relative to average drawdown | 1.28 | -0.55 | +1.83 |
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Drawdowns
MSTRX vs. MSTQX - Drawdown Comparison
The maximum MSTRX drawdown since its inception was -20.97%, smaller than the maximum MSTQX drawdown of -36.23%. Use the drawdown chart below to compare losses from any high point for MSTRX and MSTQX.
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Drawdown Indicators
| MSTRX | MSTQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -36.23% | +15.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -21.58% | +18.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.57% | -21.58% | +16.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -23.61% | +2.84% |
Current DrawdownCurrent decline from peak | -7.23% | -10.62% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -6.36% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 10.43% | -9.19% |
Volatility
MSTRX vs. MSTQX - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 0.97%, while Morningstar U.S. Equity Fund (MSTQX) has a volatility of 2.92%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than MSTQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTRX | MSTQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 2.92% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 8.91% | -6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 20.12% | -16.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 18.60% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 20.56% | -14.94% |
MSTRX vs. MSTQX - Expense Ratio Comparison
MSTRX has a 0.55% expense ratio, which is lower than MSTQX's 0.85% expense ratio.
Dividends
MSTRX vs. MSTQX - Dividend Comparison
MSTRX's dividend yield for the trailing twelve months is around 2.47%, more than MSTQX's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTQX Morningstar U.S. Equity Fund | 0.64% | 0.69% | 10.80% | 4.21% | 9.79% | 15.98% | 2.15% | 2.04% | 0.17% |
MSTRX Morningstar Total Return Bond Fund | 2.47% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% |
Frequently Asked Questions
MSTRX and MSTQX have a correlation of 0.39, 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 MSTRX (0.97%). In terms of maximum drawdown, MSTRX dropped -20.97% vs MSTQX's -36.23%.
MSTRX currently has the higher Sharpe Ratio (0.43 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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