FBGX vs. MSEQX

Last updated Apr 1, 2026

Compare and contrast key facts about UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Morgan Stanley Growth Portfolio Class I (MSEQX).

FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. MSEQX is managed by Morgan Stanley. It was launched on Apr 2, 1991.

Performance

FBGX vs. MSEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Morgan Stanley Growth Portfolio Class I (MSEQX). The values are adjusted to include any dividend payments, if applicable.

FBGX vs. MSEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%
MSEQX Morgan Stanley Growth Portfolio Class I	-19.04%	24.78%	46.65%	50.36%	-60.18%	-0.00%	115.60%	38.25%	5.38%	43.91%

Returns By Period

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSEQX

• 1D: -0.67%
• 1M: -8.77%
• YTD: -19.04%
• 6M: -25.05%
• 1Y: 12.97%
• 3Y*: 23.71%
• 5Y*: -2.02%
• 10Y*: 15.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGX vs. MSEQX - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is higher than MSEQX's 0.56% expense ratio.

FBGX

UBS AG FI Enhanced Large Cap Growth ETN

MSEQX

Morgan Stanley Growth Portfolio Class I

Return for Risk

FBGX vs. MSEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSEQX

MSEQX Risk / Return Rank: 13
MSEQX Sharpe Ratio Rank: 14
MSEQX Sortino Ratio Rank: 17
MSEQX Omega Ratio Rank: 15
MSEQX Calmar Ratio Rank: 11
MSEQX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBGX vs. MSEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Morgan Stanley Growth Portfolio Class I (MSEQX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FBGX	MSEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Correlation

The correlation between FBGX and MSEQX is 0.70, 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

FBGX vs. MSEQX - Dividend Comparison

Neither FBGX nor MSEQX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSEQX Morgan Stanley Growth Portfolio Class I	0.00%	0.00%	0.55%	0.05%	16.79%	24.24%	9.36%	21.39%	5.38%	21.18%	12.71%	7.55%

Drawdowns

Drawdown Indicators

	FBGX	MSEQX	Difference
Max Drawdown Largest peak-to-trough decline	—	-69.48%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-27.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-69.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.48%	—
Current Drawdown Current decline from peak	—	-29.23%	—
Average Drawdown Average peak-to-trough decline	—	-16.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.44%	—

Volatility

Volatility by Period

	FBGX	MSEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	33.15%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	39.76%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	33.56%	—