CFIPX vs. MGGIX
Compare and contrast key facts about Franklin Global Equity Fund (CFIPX) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX).
CFIPX is managed by Franklin Templeton. It was launched on Feb 28, 1991. MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CFIPX or MGGIX.
Key characteristics
| CFIPX | MGGIX | |
|---|---|---|
| YTD Return | 23.09% | 26.74% |
| 1Y Return | 35.83% | 43.40% |
| 3Y Return (Ann) | 9.50% | 0.70% |
| 5Y Return (Ann) | 13.50% | 12.92% |
| 10Y Return (Ann) | 10.77% | 14.78% |
| Sharpe Ratio | 2.90 | 2.65 |
| Sortino Ratio | 3.88 | 3.55 |
| Omega Ratio | 1.53 | 1.46 |
| Calmar Ratio | 3.95 | 1.43 |
| Martin Ratio | 17.33 | 17.44 |
| Ulcer Index | 2.08% | 2.48% |
| Daily Std Dev | 12.47% | 16.33% |
| Max Drawdown | -64.72% | -51.60% |
| Current Drawdown | -1.34% | -0.32% |
Correlation
The correlation between CFIPX and MGGIX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CFIPX vs. MGGIX - Performance Comparison
In the year-to-date period, CFIPX achieves a 23.09% return, which is significantly lower than MGGIX's 26.74% return. Over the past 10 years, CFIPX has underperformed MGGIX with an annualized return of 10.77%, while MGGIX has yielded a comparatively higher 14.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CFIPX vs. MGGIX - Expense Ratio Comparison
CFIPX has a 1.30% expense ratio, which is higher than MGGIX's 0.95% expense ratio.
Risk-Adjusted Performance
CFIPX vs. MGGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Global Equity Fund (CFIPX) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). 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.
Dividends
CFIPX vs. MGGIX - Dividend Comparison
CFIPX's dividend yield for the trailing twelve months is around 1.99%, more than MGGIX's 1.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFIPX Franklin Global Equity Fund | 1.99% | 2.45% | 4.99% | 8.99% | 0.73% | 7.25% | 7.86% | 0.77% | 1.52% | 1.01% | 1.02% | 0.71% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 1.68% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% | 6.20% | 10.15% |
Drawdowns
CFIPX vs. MGGIX - Drawdown Comparison
The maximum CFIPX drawdown since its inception was -64.72%, which is greater than MGGIX's maximum drawdown of -51.60%. Use the drawdown chart below to compare losses from any high point for CFIPX and MGGIX. For additional features, visit the drawdowns tool.
Volatility
CFIPX vs. MGGIX - Volatility Comparison
The current volatility for Franklin Global Equity Fund (CFIPX) is 3.03%, while Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a volatility of 4.22%. This indicates that CFIPX experiences smaller price fluctuations and is considered to be less risky than MGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.