EUGDX vs. MACGX
Compare and contrast key facts about Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
EUGDX is managed by Morgan Stanley. It was launched on Jul 27, 1997. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
EUGDX vs. MACGX - Performance Comparison
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EUGDX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | -15.38% | 11.93% | 12.41% | 25.16% | -44.49% | 15.80% | 55.57% | 27.34% | -13.02% | 23.11% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -15.37% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Returns By Period
The year-to-date returns for both investments are quite close, with EUGDX having a -15.38% return and MACGX slightly higher at -15.37%. Over the past 10 years, EUGDX has underperformed MACGX with an annualized return of 6.22%, while MACGX has yielded a comparatively higher 12.24% annualized return.
EUGDX
- 1D
- 0.17%
- 1M
- -14.60%
- YTD
- -15.38%
- 6M
- -14.94%
- 1Y
- -7.55%
- 3Y*
- 2.90%
- 5Y*
- -3.14%
- 10Y*
- 6.22%
MACGX
- 1D
- -1.27%
- 1M
- -9.54%
- YTD
- -15.37%
- 6M
- -23.28%
- 1Y
- 3.77%
- 3Y*
- 19.63%
- 5Y*
- -8.24%
- 10Y*
- 12.24%
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EUGDX vs. MACGX - Expense Ratio Comparison
EUGDX has a 1.05% expense ratio, which is higher than MACGX's 1.00% expense ratio.
Return for Risk
EUGDX vs. MACGX — Risk / Return Rank
EUGDX
MACGX
EUGDX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.
| EUGDX | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | 0.10 | -0.53 |
Sortino ratioReturn per unit of downside risk | -0.50 | 0.37 | -0.87 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.05 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.02 | -0.44 |
Martin ratioReturn relative to average drawdown | -1.41 | -0.06 | -1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUGDX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | 0.10 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.17 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.31 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.30 | -0.09 |
Correlation
The correlation between EUGDX and MACGX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EUGDX vs. MACGX - Dividend Comparison
EUGDX's dividend yield for the trailing twelve months is around 0.74%, while MACGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | 0.74% | 0.62% | 0.00% | 0.00% | 0.00% | 5.45% | 7.53% | 3.27% | 1.02% | 0.90% | 2.75% | 2.30% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Drawdowns
EUGDX vs. MACGX - Drawdown Comparison
The maximum EUGDX drawdown since its inception was -59.74%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for EUGDX and MACGX.
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Drawdown Indicators
| EUGDX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.74% | -77.61% | +17.87% |
Max Drawdown (1Y)Largest decline over 1 year | -20.36% | -27.55% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -56.02% | -77.61% | +21.59% |
Max Drawdown (10Y)Largest decline over 10 years | -56.02% | -77.61% | +21.59% |
Current DrawdownCurrent decline from peak | -31.06% | -52.95% | +21.89% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -25.53% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 10.82% | -4.20% |
Volatility
EUGDX vs. MACGX - Volatility Comparison
The current volatility for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) is 6.45%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 8.06%. This indicates that EUGDX experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUGDX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 8.06% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 21.82% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 31.94% | -12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.11% | 48.40% | -24.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 39.18% | -17.91% |