MSTRX vs. SSAFX
Compare and contrast key facts about Morningstar Total Return Bond Fund (MSTRX) and State Street Aggregate Bond Index Portfolio (SSAFX).
MSTRX is managed by Morningstar. It was launched on Nov 2, 2018. SSAFX is managed by State Street. It was launched on Sep 19, 2014.
Performance
MSTRX vs. SSAFX - Performance Comparison
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MSTRX vs. SSAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | -0.89% | 4.87% | 1.75% | 5.54% | -15.53% | -1.56% | 9.57% | 9.34% | 2.40% |
SSAFX State Street Aggregate Bond Index Portfolio | -0.18% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 978.57% | 8.69% | 2.63% |
Returns By Period
In the year-to-date period, MSTRX achieves a -0.89% return, which is significantly lower than SSAFX's -0.18% return.
MSTRX
- 1D
- 0.45%
- 1M
- -2.31%
- YTD
- -0.89%
- 6M
- -0.58%
- 1Y
- 1.87%
- 3Y*
- 2.57%
- 5Y*
- -0.70%
- 10Y*
- —
SSAFX
- 1D
- 0.53%
- 1M
- -1.96%
- YTD
- -0.18%
- 6M
- 0.82%
- 1Y
- 4.12%
- 3Y*
- 3.42%
- 5Y*
- 0.15%
- 10Y*
- 27.88%
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MSTRX vs. SSAFX - Expense Ratio Comparison
MSTRX has a 0.55% expense ratio, which is higher than SSAFX's 0.02% expense ratio.
Return for Risk
MSTRX vs. SSAFX — Risk / Return Rank
MSTRX
SSAFX
MSTRX vs. SSAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and State Street Aggregate Bond Index Portfolio (SSAFX). 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 | SSAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 1.04 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.49 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.96 | -0.50 |
Martin ratioReturn relative to average drawdown | 4.21 | 5.43 | -1.22 |
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 | SSAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.04 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.02 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.09 | +0.23 |
Correlation
The correlation between MSTRX and SSAFX is 0.92, 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. SSAFX - Dividend Comparison
MSTRX's dividend yield for the trailing twelve months is around 1.98%, less than SSAFX's 4.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTRX Morningstar Total Return Bond Fund | 1.98% | 2.60% | 4.02% | 3.42% | 2.50% | 2.13% | 4.93% | 5.23% | 0.29% | 0.00% | 0.00% | 0.00% |
SSAFX State Street Aggregate Bond Index Portfolio | 4.08% | 3.70% | 3.76% | 3.16% | 2.49% | 1.90% | 2.41% | 2.88% | 2.82% | 2.42% | 2.21% | 3.21% |
Drawdowns
MSTRX vs. SSAFX - Drawdown Comparison
The maximum MSTRX drawdown since its inception was -20.97%, which is greater than SSAFX's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for MSTRX and SSAFX.
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Drawdown Indicators
| MSTRX | SSAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -18.74% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.52% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -18.10% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -7.20% | -3.20% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -4.44% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.91% | +0.14% |
Volatility
MSTRX vs. SSAFX - Volatility Comparison
The current volatility for Morningstar Total Return Bond Fund (MSTRX) is 1.24%, while State Street Aggregate Bond Index Portfolio (SSAFX) has a volatility of 1.60%. This indicates that MSTRX experiences smaller price fluctuations and is considered to be less risky than SSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTRX | SSAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.60% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.50% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.20% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 5.92% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 277.46% | -271.78% |