MSTSX vs. MSTQX

Last updated Apr 1, 2026

Compare and contrast key facts about Morningstar Global Opportunistic Equity Fund (MSTSX) and Morningstar U.S. Equity Fund (MSTQX).

MSTSX is managed by Morningstar. It was launched on Nov 1, 2018. MSTQX is managed by Morningstar. It was launched on Nov 2, 2018.

Performance

MSTSX vs. MSTQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morningstar Global Opportunistic Equity Fund (MSTSX) and Morningstar U.S. Equity Fund (MSTQX). The values are adjusted to include any dividend payments, if applicable.

MSTSX vs. MSTQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSTSX Morningstar Global Opportunistic Equity Fund	-3.92%	7.72%	10.17%	17.15%	-9.19%	11.21%	9.40%	17.33%	-4.32%
MSTQX Morningstar U.S. Equity Fund	-5.94%	-5.56%	18.94%	25.24%	-16.29%	26.15%	10.49%	26.02%	-10.45%

Returns By Period

In the year-to-date period, MSTSX achieves a -3.92% return, which is significantly higher than MSTQX's -5.94% return.

MSTSX

• 1D: -0.94%
• 1M: -8.02%
• YTD: -3.92%
• 6M: -11.57%
• 1Y: 1.18%
• 3Y*: 8.07%
• 5Y*: 5.37%
• 10Y*: —

MSTQX

• 1D: -1.75%
• 1M: -8.09%
• YTD: -5.94%
• 6M: -19.80%
• 1Y: -8.15%
• 3Y*: 7.37%
• 5Y*: 4.99%
• 10Y*: —

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

MSTSX vs. MSTQX - Expense Ratio Comparison

MSTSX has a 0.78% expense ratio, which is lower than MSTQX's 0.85% expense ratio.

MSTQX

Morningstar U.S. Equity Fund

MSTSX

Morningstar Global Opportunistic Equity Fund

Return for Risk

MSTSX vs. MSTQX — Risk / Return Rank

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

MSTSX

MSTSX Risk / Return Rank: 6
MSTSX Sharpe Ratio Rank: 5
MSTSX Sortino Ratio Rank: 5
MSTSX Omega Ratio Rank: 6
MSTSX Calmar Ratio Rank: 7
MSTSX Martin Ratio Rank: 7

MSTQX

MSTQX Risk / Return Rank: 2
MSTQX Sharpe Ratio Rank: 2
MSTQX Sortino Ratio Rank: 2
MSTQX Omega Ratio Rank: 1
MSTQX Calmar Ratio Rank: 2
MSTQX Martin Ratio Rank: 2

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.

MSTSX vs. MSTQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar Global Opportunistic Equity Fund (MSTSX) 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.

	MSTSX	MSTQX	Difference
Sharpe ratio Return per unit of total volatility	0.02	-0.44	+0.45
Sortino ratio Return per unit of downside risk	0.15	-0.41	+0.57
Omega ratio Gain probability vs. loss probability	1.02	0.92	+0.10
Calmar ratio Return relative to maximum drawdown	0.07	-0.51	+0.58
Martin ratio Return relative to average drawdown	0.19	-1.29	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTSX vs. MSTQX - Sharpe Ratio Comparison

The current MSTSX Sharpe Ratio is 0.02, which is higher than the MSTQX Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of MSTSX and MSTQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTSX	MSTQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	-0.44	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.28	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.39	+0.08

Correlation

The correlation between MSTSX and MSTQX 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

MSTSX vs. MSTQX - Dividend Comparison

MSTSX's dividend yield for the trailing twelve months is around 2.54%, more than MSTQX's 0.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MSTSX Morningstar Global Opportunistic Equity Fund	2.54%	2.44%	9.41%	2.68%	2.99%	22.24%	2.94%	3.93%	1.13%
MSTQX Morningstar U.S. Equity Fund	0.73%	0.69%	10.80%	4.21%	9.79%	15.98%	2.15%	2.04%	0.17%

Drawdowns

MSTSX vs. MSTQX - Drawdown Comparison

The maximum MSTSX drawdown since its inception was -27.44%, smaller than the maximum MSTQX drawdown of -36.23%. Use the drawdown chart below to compare losses from any high point for MSTSX and MSTQX.

Drawdown Indicators

	MSTSX	MSTQX	Difference
Max Drawdown Largest peak-to-trough decline	-27.44%	-36.23%	+8.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.10%	-21.58%	+7.48%
Max Drawdown (5Y) Largest decline over 5 years	-21.16%	-23.61%	+2.45%
Current Drawdown Current decline from peak	-14.10%	-21.58%	+7.48%
Average Drawdown Average peak-to-trough decline	-4.03%	-6.07%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	8.55%	-3.45%

Volatility

MSTSX vs. MSTQX - Volatility Comparison

Morningstar Global Opportunistic Equity Fund (MSTSX) and Morningstar U.S. Equity Fund (MSTQX) have volatilities of 3.40% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTSX	MSTQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.43%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	18.03%	-6.56%
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	24.97%	-6.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	18.54%	-3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	20.86%	-5.22%