MSTRX vs. UMMGX

Last updated Jun 3, 2026

MSTRX (Morningstar Total Return Bond Fund) and UMMGX (Columbia Bond Fund) are both Intermediate Core Bond funds. Their correlation of 0.89 suggests significant overlap in exposure. MSTRX charges 0.55%/yr vs 0.52%/yr for UMMGX.

Performance

MSTRX vs. UMMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar Total Return Bond Fund (MSTRX) and Columbia Bond Fund (UMMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTRX

• 1D: 0.00%
• 1M: 0.27%
• YTD: -0.26%
• 6M: -0.06%
• 1Y: 3.55%
• 3Y*: 3.08%
• 5Y*: -0.83%
• 10Y*: —

UMMGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSTRX vs. UMMGX - 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%
UMMGX Columbia Bond Fund	0.03%	8.03%	2.06%	6.73%	-15.66%	-0.79%	9.10%	9.23%	2.59%

Correlation

The correlation between MSTRX and UMMGX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018	0.89

Over the past year, the correlation between MSTRX and UMMGX has dropped to 0.64 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

MSTRX vs. UMMGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSTRX

MSTRX Risk / Return Rank: 10
MSTRX Sharpe Ratio Rank: 12
MSTRX Sortino Ratio Rank: 12
MSTRX Omega Ratio Rank: 11
MSTRX Calmar Ratio Rank: 9
MSTRX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSTRX vs. UMMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and Columbia Bond Fund (UMMGX). 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	UMMGX	Difference
Sharpe ratio Return per unit of total volatility	0.95	—	—
Sortino ratio Return per unit of downside risk	1.41	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	0.99	—	—
Martin ratio Return relative to average drawdown	2.43	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSTRX	UMMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Drawdowns

Drawdown Indicators

	MSTRX	UMMGX	Difference
Max Drawdown Largest peak-to-trough decline	-20.97%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.77%	—	—
Current Drawdown Current decline from peak	-6.60%	—	—
Average Drawdown Average peak-to-trough decline	-7.12%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	—	—

Volatility

Volatility by Period

	MSTRX	UMMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.24%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.66%	—	—

MSTRX vs. UMMGX - Expense Ratio Comparison

MSTRX has a 0.55% expense ratio, which is higher than UMMGX's 0.52% expense ratio.

Dividends

MSTRX vs. UMMGX - Dividend Comparison

MSTRX's dividend yield for the trailing twelve months is around 2.60%, less than UMMGX's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSTRX Morningstar Total Return Bond Fund	2.60%	2.60%	4.02%	3.42%	2.50%	2.13%	4.93%	5.23%	0.29%	0.00%	0.00%	0.00%
UMMGX Columbia Bond Fund	3.41%	4.20%	3.70%	3.73%	2.73%	1.76%	4.77%	4.21%	2.71%	1.88%	4.66%	3.56%

Frequently Asked Questions

Can I hold both MSTRX and UMMGX in my portfolio?

MSTRX and UMMGX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.