I'm considering investing in a fund and noticed that it has a 5-star Morningstar Rating. I'm wondering if this rating is considered good and if it's a reliable indicator of the fund's performance.
7 answers
CryptoVisionary
Thu Dec 05 2024
This rating measures a fund's risk-adjusted return, taking into account both its returns and the associated risks.
ethan_carter_engineer
Thu Dec 05 2024
The rating is comparative, as it assesses a fund's performance relative to similar funds in the same category.
ShintoSanctuary
Thu Dec 05 2024
Funds are assigned a rating from one to five stars based on their performance.
Eleonora
Thu Dec 05 2024
The Morningstar Rating for funds is a widely recognized evaluation system.
ZenHarmony
Thu Dec 05 2024
The top-performing funds receive five stars, indicating their superior risk-adjusted returns.