MSTSX vs. SAWMX

Last updated Jun 3, 2026

MSTSX (Morningstar Global Opportunistic Equity Fund) and SAWMX (SA Worldwide Moderate Growth Fund) are both Global Allocation funds. Over the past 5 years, MSTSX returned 6.56%/yr vs 7.85%/yr for SAWMX. Their correlation of 0.90 suggests significant overlap in exposure. MSTSX charges 0.78%/yr vs 0.00%/yr for SAWMX.

Performance

MSTSX vs. SAWMX - Performance Comparison

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

Returns By Period

In the year-to-date period, MSTSX achieves a 8.11% return, which is significantly lower than SAWMX's 10.12% return.

MSTSX

• 1D: 0.59%
• 1M: 2.95%
• YTD: 8.11%
• 6M: -0.26%
• 1Y: 8.46%
• 3Y*: 11.71%
• 5Y*: 6.56%
• 10Y*: —

SAWMX

• 1D: -0.07%
• 1M: 2.50%
• YTD: 10.12%
• 6M: 11.78%
• 1Y: 23.78%
• 3Y*: 14.61%
• 5Y*: 7.85%
• 10Y*: 8.70%

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

MSTSX vs. SAWMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSTSX Morningstar Global Opportunistic Equity Fund	8.11%	7.72%	10.17%	17.15%	-9.19%	11.21%	9.40%	17.33%	-4.32%
SAWMX SA Worldwide Moderate Growth Fund	10.12%	18.15%	6.40%	13.60%	-8.96%	16.67%	4.12%	17.03%	-5.80%

Correlation

The correlation between MSTSX and SAWMX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018	0.90

The correlation between MSTSX and SAWMX shifts across timeframes, from 0.77 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MSTSX vs. SAWMX — Risk / Return Rank

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

MSTSX

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

SAWMX

SAWMX Risk / Return Rank: 95
SAWMX Sharpe Ratio Rank: 97
SAWMX Sortino Ratio Rank: 96
SAWMX Omega Ratio Rank: 93
SAWMX Calmar Ratio Rank: 93
SAWMX Martin Ratio Rank: 95

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. SAWMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morningstar Global Opportunistic Equity Fund (MSTSX) and SA Worldwide Moderate Growth Fund (SAWMX). 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	SAWMX	Difference
Sharpe ratio Return per unit of total volatility	0.77	3.68	-2.91
Sortino ratio Return per unit of downside risk	1.02	5.40	-4.38
Omega ratio Gain probability vs. loss probability	1.17	1.71	-0.54
Calmar ratio Return relative to maximum drawdown	1.10	5.24	-4.15
Martin ratio Return relative to average drawdown	2.82	21.83	-19.01
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. SAWMX - Sharpe Ratio Comparison

The current MSTSX Sharpe Ratio is 0.77, which is lower than the SAWMX Sharpe Ratio of 3.68. The chart below compares the historical Sharpe Ratios of MSTSX and SAWMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSTSX	SAWMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	3.68	-2.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.81	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.80	-0.23

Drawdowns

MSTSX vs. SAWMX - Drawdown Comparison

The maximum MSTSX drawdown since its inception was -27.44%, smaller than the maximum SAWMX drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for MSTSX and SAWMX.

Drawdown Indicators

	MSTSX	SAWMX	Difference
Max Drawdown Largest peak-to-trough decline	-27.44%	-30.56%	+3.12%
Max Drawdown (1Y) Largest decline over 1 year	-14.10%	-5.79%	-8.31%
Max Drawdown (3Y) Largest decline over 3 years	-14.10%	-11.86%	-2.24%
Max Drawdown (5Y) Largest decline over 5 years	-21.16%	-17.57%	-3.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.56%	—
Current Drawdown Current decline from peak	-3.35%	-0.07%	-3.28%
Average Drawdown Average peak-to-trough decline	-4.09%	-3.70%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	1.39%	+4.10%

Volatility

MSTSX vs. SAWMX - Volatility Comparison

Morningstar Global Opportunistic Equity Fund (MSTSX) has a higher volatility of 2.71% compared to SA Worldwide Moderate Growth Fund (SAWMX) at 2.00%. This indicates that MSTSX's price experiences larger fluctuations and is considered to be riskier than SAWMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTSX	SAWMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	2.00%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	5.52%	+6.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	7.31%	+6.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	9.90%	+5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.58%	11.10%	+4.48%

MSTSX vs. SAWMX - Expense Ratio Comparison

MSTSX has a 0.78% expense ratio, which is higher than SAWMX's 0.00% expense ratio.

Dividends

MSTSX vs. SAWMX - Dividend Comparison

MSTSX's dividend yield for the trailing twelve months is around 2.26%, less than SAWMX's 5.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSTSX Morningstar Global Opportunistic Equity Fund	2.26%	2.44%	9.41%	2.68%	2.99%	22.24%	2.94%	3.93%	1.13%	0.00%	0.00%
SAWMX SA Worldwide Moderate Growth Fund	5.40%	5.95%	3.34%	4.20%	8.36%	4.52%	4.88%	5.66%	6.82%	1.28%	1.96%

Frequently Asked Questions

Can I hold both MSTSX and SAWMX in my portfolio?

MSTSX and SAWMX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTSX or SAWMX?

MSTSX has higher volatility (2.71%) compared to SAWMX (2.00%). In terms of maximum drawdown, MSTSX dropped -27.44% vs SAWMX's -30.56%.

Which has better risk-adjusted returns?

SAWMX currently has the higher Sharpe Ratio (3.68 vs 0.77), 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.