Morningstar Investor is a research platform for funds and stocks, with X-Ray and fund ratings. Exent is a full risk check of the portfolio you own, with crash replays, a risk-matched benchmark and analyst track records. Here is how they compare.
Exent, when the question is how the portfolio works as a whole. An allocation chart shows where the money sits; it does not show which holdings fall together, what the current mix would have lost in 2022, or whether its return was fair for the risk. Exent answers those questions in about a minute and explains them in plain English. Morningstar Investor is built around research on individual funds and stocks.
| Exent | Morningstar Investor | |
|---|---|---|
| Built around | Your portfolio’s risk | Research on funds and stocks |
| Overlap | Correlation clusters: holdings that move together | Stock Intersection: shared fund holdings |
| Crash replays on your holdings | 2008, 2018, 2020, 2022, 2025 | Not advertised |
| Risk-matched benchmark | Yes | Not advertised |
| Sharpe, Sortino, Calmar, efficient frontier | Yes | Not the focus |
| Holdings scorecard | Each position labelled | Star ratings per security |
| Analyst track records | Analysts ranked by past accuracy; Gems | Not offered |
| What-if simulator | Yes | Not advertised |
| How holdings get in | Screenshot, CSV, Excel, PDF or Google Sheet; no login | Link accounts or enter manually |
| Price (Oct 2026) | $1.95 3-day trial, then $59/month | $249/yr or $34.95/mo, 7-day trial |
It is Morningstar’s subscription research platform. Per its Investor portfolio tools page (October 2026), it costs $249 a year or $34.95 a month with a 7-day trial, and includes X-Ray (allocation, sectors and fees) and Stock Intersection (holdings shared between funds), with accounts linked or entered by hand. Its stock star rating compares price with Morningstar’s fair value estimate, and funds carry star ratings and Medalist Ratings. Subscribers also get analyst reports on companies and funds.
Risk you cannot see in an allocation pie. Exent groups holdings that move together into correlation clusters, so you can see how many independent bets you really hold. It replays today’s portfolio through 2008, 2018, 2020, 2022 and 2025, and compares your results with a risk-matched benchmark instead of the S&P 500 index alone. It reports Sharpe, Sortino and Calmar ratios and an efficient frontier, and labels each holding Wealth Generating, Wealth Preserving, Prospect or Risky.
Stocks Radar adds a layer Morningstar does not offer: Wall Street analysts ranked by how their past calls played out, what they say about the stocks you own, and Gems where several top-rated analysts agree. Market Intelligence adds daily context with cited sources. See is my portfolio diversified? for what these checks catch.
Illustrative, not a real account: a $600,000 portfolio holds an S&P 500 index fund, a Nasdaq-100 fund, a semiconductor ETF and shares of three large chip and software companies. The questions an investor would ask, and where each tool answers them:
| Question | Exent | Morningstar Investor |
|---|---|---|
| Do the holdings move together? | Correlation clusters: how many independent bets you hold | Not shown directly |
| What would 2022 have done to it? | Crash replay of the current mix | Not shown directly |
| Was the return fair for the risk? | Risk-matched benchmark, Sharpe and Sortino | Not the focus |
| Which analysts have been right on these stocks? | Analysts ranked by past accuracy | Not offered |
| Do the funds own the same companies? | Shown as funds that move together | Stock Intersection lists shared names |
In a portfolio like this, the six holdings could sit in one or two clusters, which is the risk that matters in a tech selloff. See too much tech exposure for the pattern.
Self-directed investors holding individual stocks and ETFs who want a fast, plain-English check of concentration, crash exposure and risk-adjusted return, plus ideas filtered by analysts’ past accuracy. Exent is a web app that works in any phone browser, needs no brokerage login, and supports several portfolios. Our guide to analyzing your stock portfolio shows the full routine, and Morningstar X-Ray alternatives covers other options.
Morningstar Investor is a research platform with fund ratings, fair value estimates and an X-Ray of allocation. Exent is a portfolio risk tool with correlation clusters, crash replays, a risk-matched benchmark and analyst track records.
As of October 2026, Morningstar lists Investor at $249 a year or $34.95 a month, with a 7-day free trial.
Morningstar Investor’s portfolio page describes X-Ray and Stock Intersection but does not advertise historical crash replays. Exent replays your current holdings through 2008, 2018, 2020, 2022 and 2025.
Not with Exent. It reads a screenshot or file of your holdings. Morningstar lets you link accounts or enter holdings manually.
No. Exent measures overlap through correlation clusters, which show which funds and stocks move together, rather than listing each fund’s holdings.
Upload a screenshot of your holdings and get concentration, overlap, crash exposure and a risk-matched benchmark in about a minute.
Educational content, not investment advice. Examples are illustrative; past performance does not guarantee future results.