Morningstar Income Competition

IETFX Fund

USD 10.63 0.03 0.28%

Morningstar Income And competes with Asg Managed, Western Asset, Fidelity Sai, Tiaa Cref, and Arrow Managed; as well as few others. The fund is listed under null category and is part of null family. Analyzing Morningstar Income competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Morningstar Income to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Morningstar Income Correlation with its peers.

Morningstar Income vs Cref Inflation-linked Correlation

Weak diversification

The correlation between Morningstar Income And and QCILIX is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morningstar Income And and QCILIX in the same portfolio, assuming nothing else is changed.

Moving together with Morningstar Mutual Fund

0.82	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.78	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.78	VITSX	Vanguard Total Stock	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
9.34	10.60	11.86

Details

Intrinsic

Valuation

Low	Real	High
9.18	10.44	11.70

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Morningstar Income. Your research has to be compared to or analyzed against Morningstar Income's peers to derive any actionable benefits. When done correctly, Morningstar Income's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Morningstar Income And.

Morningstar Income Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Morningstar Income and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Morningstar and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Morningstar Income And does not affect the price movement of the other competitor.

	AMFAX	WAFAX	FIFGX	TIIHX	MFTFX	ANBIX	LIFAX	QCILIX
AMFAX		0.25	0.85	0.66	0.99	0.76	0.81	0.68	AMFAX
WAFAX	0.25		0.39	0.69	0.27	0.62	0.44	0.8	WAFAX
FIFGX	0.85	0.39		0.74	0.84	0.79	0.73	0.7	FIFGX
TIIHX	0.66	0.69	0.74		0.7	0.96	0.75	0.9	TIIHX
MFTFX	0.99	0.27	0.84	0.7		0.79	0.84	0.72	MFTFX
ANBIX	0.76	0.62	0.79	0.96	0.79		0.84	0.9	ANBIX
LIFAX	0.81	0.44	0.73	0.75	0.84	0.84		0.83	LIFAX
QCILIX	0.68	0.8	0.7	0.9	0.72	0.9	0.83		QCILIX
	AMFAX	WAFAX	FIFGX	TIIHX	MFTFX	ANBIX	LIFAX	QCILIX

Risk-Adjusted Indicators

There is a big difference between Morningstar Mutual Fund performing well and Morningstar Income Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Morningstar Income's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMFAX	0.76	0.14	0.07	(2.53)	0.93	(0.81)	1.39	(1.68)	4.98
WAFAX	0.14	0.00	(0.28)	0.04	0.10	(0.19)	0.32	(0.21)	0.74
FIFGX	0.97	0.08	0.02	1.00	1.23	(1.02)	1.69	(1.68)	6.34
TIIHX	0.10	0.01	(0.38)	0.38	0.00	(0.14)	0.28	(0.19)	0.46
MFTFX	1.09	0.29	0.15	3.61	1.22	(1.17)	2.06	(2.15)	6.76
ANBIX	0.08	0.00	(0.48)	0.27	0.00	(0.11)	0.19	(0.10)	0.38
LIFAX	0.09	0.00	(0.52)	0.10	0.00	(0.12)	0.17	(0.17)	0.51
QCILIX	0.09	0.00	(0.44)	0.13	0.00	(0.10)	0.21	(0.16)	0.46

Morningstar Income Competitive Analysis

The better you understand Morningstar Income competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Morningstar Income's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Morningstar Income's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	IETFX	AMFAX	WAFAX	FIFGX	TIIHX	MFTFX	ANBIX	LIFAX	QCILIX
	0.28 10.63 Morningstar	1.47 8.02 Asg	0.42 9.48 Western	0.01 93.96 Fidelity	0.09 10.90 Tiaa	1.31 6.76 Arrow	0.1 10.49 ANBIX	0.08 11.84 Lord	0.23 91.81 Cref
Market Volatility (90 Days Market Risk)	Not too volatile	Not too volatile	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Good	Fair	Fair	Good	Solid	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Fair
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Hold	Buy	Buy	Hold	Strong Hold	Hold	Hold	Hold
Holdings Turnover	19.0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Asset	114.5 M	2.58 B	39.89 M	4.88 B	3 B	233.08 M	625.25 M	787.65 M	N/A
Minimum Initial Investment	N/A	2.5 K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Five Year Return	2.64	2.26	0.22	8.7	2.33	12.0	2.4	3.68	N/A
One Year Return	3.01	-4.93	5.21	13.52	6.09	12.34	6.06	6.18	N/A
Last Dividend Paid	0.25	0.32	0.18	0.09	0.16	0.01	0.06	0.02	N/A
Cash Position Weight	5.49	77.73	1.03	6.19	0.64	14.27	20.73	1.49	N/A
Equity Positions Weight	35.17	0.28	N/A	N/A	N/A	N/A	0.02	5.45	N/A
Three Year Return	10.43	-5.96	3.09	5.19	4.75	6.25	5.01	5.13	N/A
Annual Yield	1.44	0.0177	0.0393	0.001	0.0377	0.0209	0.0438	0.0469	N/A
Year To Date Return	7.33	4.86	0.75	8.53	0.74	11.6	0.58	0.61	N/A
Bond Positions Weight	56.72	18.13	5.07	43.81	0.08	1.0	3.86	15.14	N/A
Ten Year Return	N/A	N/A	2.62	N/A	2.89	-0.73	2.93	N/A	N/A
Daily Balance Of Power	9.2 T	0	9.2 T	0	9.2 T	0	9.2 T	0	9.2 T
Day Typical Price	10.63	8.02	9.48	93.96	10.9	6.76	10.49	11.84	91.81
Period Momentum Indicator	0.03	(0.12)	0.04	(0.01)	0.01	(0.09)	0.01	(0.01)	0.21
Rate Of Daily Change	1.0	0.99	1.0	1.0	1.0	0.99	1.0	1.0	1.0
Day Median Price	10.63	8.02	9.48	93.96	10.9	6.76	10.49	11.84	91.81
Price Action Indicator	0.015	(0.06)	0.02	(0.01)	0.005	(0.04)	0.005	(0.01)	0.11
Coefficient Of Variation	652.93	655.58	1365.83	1235.52	745.51	459.85	758.03	775.2	698.47
Mean Deviation	0.4191	0.7617	0.141	0.9733	0.1012	1.09	0.0823	0.0867	0.0928
Total Risk Alpha	0.0866	0.0655	(0.01)	(0)	(0)	0.1898	(0)	(0)	(0)
Jensen Alpha	N/A	0.1405	(0)	0.0835	0.0058	0.2885	0.0024	0.0017	0.0033
Sortino Ratio	0.3216	0.0699	(0.28)	0.0219	(0.38)	0.1479	(0.48)	(0.52)	(0.44)
Downside Variance	0.1338	1.22	0.0416	1.73	0.0192	2.49	0.014	0.0115	0.0151
Standard Deviation	1.22	0.9652	0.1775	1.22	0.1256	1.4	0.0993	0.1101	0.114
Kurtosis	55.74	0.8975	(0.33)	1.44	(0.50)	(0.05)	(0.76)	0.8827	(0.71)
Potential Upside	0.6424	1.39	0.3195	1.69	0.2762	2.06	0.1914	0.1704	0.2094
Maximum Drawdown	10.55	4.98	0.7433	6.34	0.4637	6.76	0.3839	0.5109	0.4617
Treynor Ratio	N/A	(2.53)	0.0385	1.0	0.3807	3.61	0.2654	0.1003	0.1255
Variance	1.5	0.9316	0.0315	1.49	0.0158	1.95	0.0099	0.0121	0.013
Market Risk Adjusted Performance	N/A	(2.52)	0.0485	1.01	0.3907	3.62	0.2754	0.1103	0.1355
Risk Adjusted Performance	0.127	0.1247	0.0236	0.0687	0.054	0.1797	0.0352	0.0408	0.0548
Skewness	7.16	(0.74)	(0.03)	(0.75)	0.1936	(0.44)	(0.11)	0.7308	0.062
Semi Deviation	0.0	0.9273	0.1036	1.23	0.0	1.22	0.0	0.0	0.0
Information Ratio	0.096	0.0801	(0.32)	0.0236	(0.42)	0.1673	(0.57)	(0.51)	(0.47)
Value At Risk	(0.54)	(1.68)	(0.21)	(1.68)	(0.19)	(2.15)	(0.1)	(0.17)	(0.16)
Expected Short fall	(0.59)	(0.81)	(0.19)	(1.02)	(0.14)	(1.17)	(0.11)	(0.12)	(0.1)
Downside Deviation	0.3657	1.11	0.2039	1.32	0.1387	1.58	0.1184	0.1071	0.123
Semi Variance	(0.10)	0.86	0.0107	1.52	(0.01)	1.5	(0.01)	(0.01)	(0.01)

Morningstar Income Competition Performance Charts

Five steps to successful analysis of Morningstar Income Competition

Morningstar Income's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Morningstar Income And in relation to its competition. Morningstar Income's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Morningstar Income in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Morningstar Income's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Morningstar Income And, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Morningstar Income position

In addition to having Morningstar Income in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Trump Equities Thematic Idea Now

Trump Equities

Stocks that have significantly increased in valuation since Trump was elected president of the United States. The Trump Equities theme has 42 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trump Equities Theme or any other thematic opportunities.

View All Next

Launch

Other Information on Investing in Morningstar Mutual Fund

Morningstar Income financial ratios help investors to determine whether Morningstar Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Morningstar with respect to the benefits of owning Morningstar Income security.

	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC