TTMIX vs. MSTGX
TTMIX (T. Rowe Price Total Return Fund Class I) and MSTGX (Morningstar Global Income Fund) are both Global Allocation funds. Over the past 5 years, TTMIX returned 2.70%/yr vs 4.58%/yr for MSTGX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TTMIX charges 0.37%/yr vs 0.62%/yr for MSTGX.
Performance
TTMIX vs. MSTGX - Performance Comparison
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Returns By Period
In the year-to-date period, TTMIX achieves a -3.09% return, which is significantly lower than MSTGX's 7.16% return.
TTMIX
- 1D
- 2.69%
- 1M
- -2.19%
- 6M
- 0.02%
- YTD
- -3.09%
- 1Y
- -5.84%
- 3Y*
- 16.67%
- 5Y*
- 2.70%
- 10Y*
- 13.53%
- ALL TIME*
- 14.17%
MSTGX
- 1D
- 0.19%
- 1M
- 0.48%
- 6M
- 2.54%
- YTD
- 7.16%
- 1Y
- 9.65%
- 3Y*
- 10.18%
- 5Y*
- 4.58%
- 10Y*
- —
- ALL TIME*
- 6.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TTMIX vs. MSTGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TTMIX T. Rowe Price Total Return Fund Class I | -3.09% | 6.97% | 38.33% | 39.41% | -40.85% | 9.92% | 53.86% | 35.84% | -5.91% |
MSTGX Morningstar Global Income Fund | 7.16% | 12.04% | 5.36% | 11.91% | -11.18% | 8.46% | 3.92% | 19.97% | -3.56% |
Correlation
The correlation between TTMIX and MSTGX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.57 |
Over the past year, the correlation between TTMIX and MSTGX has dropped to 0.31 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
TTMIX vs. MSTGX — Risk / Return Rank
TTMIX
MSTGX
TTMIX vs. MSTGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund Class I (TTMIX) and Morningstar Global Income Fund (MSTGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TTMIX | MSTGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.97 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.46 | 9.43 | -9.89 |
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Drawdowns
TTMIX vs. MSTGX - Drawdown Comparison
The maximum TTMIX drawdown since its inception was -47.11%, which is greater than MSTGX's maximum drawdown of -27.52%. Use the drawdown chart below to compare losses from any high point for TTMIX and MSTGX.
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Drawdown Indicators
| TTMIX | MSTGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.11% | -27.52% | -19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -4.38% | -12.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -6.56% | -14.12% |
Max Drawdown (5Y)Largest decline over 5 years | -47.11% | -19.64% | -27.47% |
Max Drawdown (10Y)Largest decline over 10 years | -47.11% | — | — |
Current DrawdownCurrent decline from peak | -10.71% | -0.38% | -10.33% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -4.25% | -6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 1.27% | +6.80% |
Volatility
TTMIX vs. MSTGX - Volatility Comparison
T. Rowe Price Total Return Fund Class I (TTMIX) has a higher volatility of 6.37% compared to Morningstar Global Income Fund (MSTGX) at 1.44%. This indicates that TTMIX's price experiences larger fluctuations and is considered to be riskier than MSTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTMIX | MSTGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 1.44% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 4.93% | +8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 6.34% | +10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 8.10% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 10.75% | +10.09% |
TTMIX vs. MSTGX - Expense Ratio Comparison
TTMIX has a 0.37% expense ratio, which is lower than MSTGX's 0.62% expense ratio.
Dividends
TTMIX vs. MSTGX - Dividend Comparison
TTMIX's dividend yield for the trailing twelve months is around 26.08%, more than MSTGX's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MSTGX Morningstar Global Income Fund | 3.46% | 2.97% | 6.64% | 6.32% | 8.79% | 10.48% | 2.96% | 4.11% | 0.56% | 0.00% | 0.00% |
TTMIX T. Rowe Price Total Return Fund Class I | 26.08% | 25.27% | 7.45% | 7.80% | 17.43% | 8.53% | 5.27% | 2.44% | 1.41% | 2.47% | 2.23% |
Frequently Asked Questions
TTMIX and MSTGX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTMIX has higher volatility (6.37%) compared to MSTGX (1.44%). In terms of maximum drawdown, TTMIX dropped -47.11% vs MSTGX's -27.52%.
MSTGX currently has the higher Sharpe Ratio (2.05 vs -0.23), 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.
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