MSTRX vs. QDIBX
Compare and contrast key facts about Morningstar Total Return Bond Fund (MSTRX) and Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans (QDIBX).
MSTRX is managed by Morningstar. It was launched on Nov 2, 2018. QDIBX is managed by T. Rowe Price. It was launched on Dec 13, 2019.
Performance
MSTRX vs. QDIBX - Performance Comparison
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MSTRX vs. QDIBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -0.89% | 4.87% | 1.75% | 5.54% | -15.53% | -1.56% | 9.57% | -0.09% |
QDIBX Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans | -0.22% | 7.72% | 1.66% | 6.71% | -14.11% | -0.17% | 6.77% | -0.10% |
Returns By Period
In the year-to-date period, MSTRX achieves a -0.89% return, which is significantly lower than QDIBX's -0.22% return.
MSTRX
- 1D
- 0.45%
- 1M
- -2.31%
- YTD
- -0.89%
- 6M
- -0.58%
- 1Y
- 1.87%
- 3Y*
- 2.57%
- 5Y*
- -0.70%
- 10Y*
- —
QDIBX
- 1D
- 0.45%
- 1M
- -1.98%
- YTD
- -0.22%
- 6M
- 1.00%
- 1Y
- 4.31%
- 3Y*
- 4.20%
- 5Y*
- 0.43%
- 10Y*
- —
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MSTRX vs. QDIBX - Expense Ratio Comparison
MSTRX has a 0.55% expense ratio, which is higher than QDIBX's 0.03% expense ratio.
Return for Risk
MSTRX vs. QDIBX — Risk / Return Rank
MSTRX
QDIBX
MSTRX vs. QDIBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans (QDIBX). 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 | QDIBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 1.03 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.51 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.00 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.21 | 5.89 | -1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSTRX | QDIBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.03 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.07 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.16 | +0.16 |
Correlation
The correlation between MSTRX and QDIBX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MSTRX vs. QDIBX - Dividend Comparison
MSTRX's dividend yield for the trailing twelve months is around 1.98%, less than QDIBX's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | 1.98% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% |
QDIBX Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans | 3.51% | 3.50% | 3.55% | 3.65% | 2.51% | 1.80% | 3.25% | 0.00% | 0.00% |
Drawdowns
MSTRX vs. QDIBX - Drawdown Comparison
The maximum MSTRX drawdown since its inception was -20.97%, which is greater than QDIBX's maximum drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for MSTRX and QDIBX.
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Drawdown Indicators
| MSTRX | QDIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -19.63% | -1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.58% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -19.63% | -1.14% |
Current DrawdownCurrent decline from peak | -7.20% | -1.98% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -6.52% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.87% | +0.18% |
Volatility
MSTRX vs. QDIBX - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.24%, while Fisher Investments Institutional Group Fixed Income Fund for Retirement Plans (QDIBX) has a volatility of 1.51%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than QDIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTRX | QDIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.51% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.54% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.32% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 6.58% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 6.32% | -0.64% |