MACGX vs. FSMDX
Compare and contrast key facts about Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) and Fidelity Mid Cap Index Fund (FSMDX).
MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990. FSMDX is managed by Fidelity. It was launched on Sep 8, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MACGX or FSMDX.
Key characteristics
| MACGX | FSMDX | |
|---|---|---|
| YTD Return | 19.57% | 16.74% |
| 1Y Return | 52.93% | 33.30% |
| 3Y Return (Ann) | -19.43% | 4.81% |
| 5Y Return (Ann) | 7.89% | 11.75% |
| 10Y Return (Ann) | 9.46% | 10.87% |
| Sharpe Ratio | 1.63 | 2.19 |
| Sortino Ratio | 2.26 | 3.03 |
| Omega Ratio | 1.27 | 1.38 |
| Calmar Ratio | 0.66 | 1.43 |
| Martin Ratio | 8.12 | 12.79 |
| Ulcer Index | 5.88% | 2.39% |
| Daily Std Dev | 29.34% | 13.96% |
| Max Drawdown | -75.49% | -40.35% |
| Current Drawdown | -54.95% | -0.09% |
Correlation
The correlation between MACGX and FSMDX is 0.73, 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
MACGX vs. FSMDX - Performance Comparison
In the year-to-date period, MACGX achieves a 19.57% return, which is significantly higher than FSMDX's 16.74% return. Over the past 10 years, MACGX has underperformed FSMDX with an annualized return of 9.46%, while FSMDX has yielded a comparatively higher 10.87% 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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MACGX vs. FSMDX - Expense Ratio Comparison
MACGX has a 1.00% expense ratio, which is higher than FSMDX's 0.03% expense ratio.
Risk-Adjusted Performance
MACGX vs. FSMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) and Fidelity Mid Cap Index Fund (FSMDX). 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
MACGX vs. FSMDX - Dividend Comparison
MACGX has not paid dividends to shareholders, while FSMDX's dividend yield for the trailing twelve months is around 0.98%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% | 16.59% | 6.09% |
FSMDX Fidelity Mid Cap Index Fund | 0.98% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% | 2.74% |
Drawdowns
MACGX vs. FSMDX - Drawdown Comparison
The maximum MACGX drawdown since its inception was -75.49%, which is greater than FSMDX's maximum drawdown of -40.35%. Use the drawdown chart below to compare losses from any high point for MACGX and FSMDX. For additional features, visit the drawdowns tool.
Volatility
MACGX vs. FSMDX - Volatility Comparison
Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a higher volatility of 6.40% compared to Fidelity Mid Cap Index Fund (FSMDX) at 2.93%. This indicates that MACGX's price experiences larger fluctuations and is considered to be riskier than FSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.