MSTRX vs. MSTR
MSTRX (Morningstar Total Return Bond Fund) is Intermediate Core Bond fund managed by Morningstar, while MSTR (Strategy Inc) is a stock. Over the past 5 years, MSTRX returned -0.97%/yr vs 14.63%/yr for MSTR. At a 0.07 correlation, their price movements are largely independent.
Performance
MSTRX vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, MSTRX achieves a -0.03% return, which is significantly higher than MSTR's -27.96% return.
MSTRX
- 1D
- 0.23%
- 1M
- 0.96%
- YTD
- -0.03%
- 6M
- 0.28%
- 1Y
- 3.08%
- 3Y*
- 3.12%
- 5Y*
- -0.97%
- 10Y*
- —
MSTR
- 1D
- -2.73%
- 1M
- -31.54%
- YTD
- -27.96%
- 6M
- -33.39%
- 1Y
- -70.39%
- 3Y*
- 49.27%
- 5Y*
- 14.63%
- 10Y*
- 20.25%
MSTRX vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -0.03% | 4.87% | 1.75% | 5.54% | -15.53% | -1.56% | 9.57% | 9.34% | 2.40% |
MSTR Strategy Inc | -27.96% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | 0.80% |
Correlation
The correlation between MSTRX and MSTR is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.07 |
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Return for Risk
MSTRX vs. MSTR — Risk / Return Rank
MSTRX
MSTR
MSTRX vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.80 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.92 | +2.17 |
| Martin ratioReturn relative to average drawdown | 3.25 | -1.30 | +4.55 |
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Drawdowns
MSTRX vs. MSTR - Drawdown Comparison
The maximum MSTRX drawdown since its inception was -20.97%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for MSTRX and MSTR.
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Drawdown Indicators
| MSTRX | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -99.86% | +78.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -76.53% | +73.47% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -77.42% | +70.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -84.11% | +63.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -6.39% | -76.90% | +70.51% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -86.45% | +79.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 54.03% | -52.72% |
Volatility
MSTRX vs. MSTR - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.24%, while Strategy Inc (MSTR) has a volatility of 21.83%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTRX | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 21.83% | -20.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 57.40% | -54.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 72.01% | -67.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 90.54% | -84.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 73.91% | -68.26% |
Dividends
MSTRX vs. MSTR - Dividend Comparison
MSTRX's dividend yield for the trailing twelve months is around 2.59%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSTRX Morningstar Total Return Bond Fund | 2.59% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% |
Frequently Asked Questions
MSTRX and MSTR have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.83%) compared to MSTRX (1.24%). In terms of maximum drawdown, MSTRX dropped -20.97% vs MSTR's -99.86%.
MSTRX currently has the higher Sharpe Ratio (0.93 vs -0.98), 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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