LISIX vs. MGGIX
LISIX (Lazard International Strategic Equity Portfolio R6) and MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) are both mutual funds - LISIX is a Foreign Large Cap Equities fund managed by Lazard, while MGGIX is a Global Equities fund managed by T. Rowe Price. Over the past 10 years, LISIX returned 7.49%/yr vs 12.60%/yr for MGGIX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. LISIX charges 0.80%/yr vs 0.95%/yr for MGGIX.
Performance
LISIX vs. MGGIX - Performance Comparison
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Returns By Period
In the year-to-date period, LISIX achieves a 10.98% return, which is significantly higher than MGGIX's -0.11% return. Over the past 10 years, LISIX has underperformed MGGIX with an annualized return of 7.49%, while MGGIX has yielded a comparatively higher 12.60% annualized return.
LISIX
- 1D
- 3.48%
- 1M
- -1.09%
- 6M
- 5.28%
- YTD
- 10.98%
- 1Y
- 18.01%
- 3Y*
- 12.49%
- 5Y*
- 5.55%
- 10Y*
- 7.49%
- ALL TIME*
- 6.65%
MGGIX
- 1D
- 2.63%
- 1M
- -4.10%
- 6M
- 0.91%
- YTD
- -0.11%
- 1Y
- -8.62%
- 3Y*
- 11.17%
- 5Y*
- 1.88%
- 10Y*
- 12.60%
- ALL TIME*
- 11.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LISIX vs. MGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LISIX Lazard International Strategic Equity Portfolio R6 | 10.98% | 25.70% | -1.42% | 17.08% | -16.89% | 6.07% | 10.58% | 21.56% | -10.48% | 27.87% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | -0.11% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
Correlation
The correlation between LISIX and MGGIX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.75 |
The correlation between LISIX and MGGIX has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
LISIX vs. MGGIX — Risk / Return Rank
LISIX
MGGIX
LISIX vs. MGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Strategic Equity Portfolio R6 (LISIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LISIX | MGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.94 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.39 | +1.77 |
| Martin ratioReturn relative to average drawdown | 5.31 | -0.81 | +6.12 |
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Drawdowns
LISIX vs. MGGIX - Drawdown Comparison
The maximum LISIX drawdown since its inception was -55.70%, smaller than the maximum MGGIX drawdown of -59.08%. Use the drawdown chart below to compare losses from any high point for LISIX and MGGIX.
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Drawdown Indicators
| LISIX | MGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -59.08% | +3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -27.65% | +15.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -27.65% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.52% | -51.02% | +18.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.01% | -51.60% | +15.59% |
Current DrawdownCurrent decline from peak | -2.61% | -14.93% | +12.32% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -11.24% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 13.29% | -10.11% |
Volatility
LISIX vs. MGGIX - Volatility Comparison
The current volatility for Lazard International Strategic Equity Portfolio R6 (LISIX) is 5.93%, while Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a volatility of 6.76%. This indicates that LISIX 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.
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Volatility by Period
| LISIX | MGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 6.76% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 18.92% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 24.22% | -7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 26.48% | -8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 23.24% | -6.04% |
LISIX vs. MGGIX - Expense Ratio Comparison
LISIX has a 0.80% expense ratio, which is lower than MGGIX's 0.95% expense ratio.
Dividends
LISIX vs. MGGIX - Dividend Comparison
LISIX's dividend yield for the trailing twelve months is around 25.92%, while MGGIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISIX Lazard International Strategic Equity Portfolio R6 | 25.92% | 28.77% | 13.47% | 1.46% | 1.39% | 8.82% | 1.01% | 1.85% | 9.01% | 1.30% | 1.60% | 1.16% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% |
Frequently Asked Questions
LISIX and MGGIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGGIX has higher volatility (6.76%) compared to LISIX (5.93%). In terms of maximum drawdown, LISIX dropped -55.70% vs MGGIX's -59.08%.
LISIX currently has the higher Sharpe Ratio (1.00 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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