MACGX vs. FSMDX

In the year-to-date period, MACGX achieves a -1.85% return, which is significantly higher than FSMDX's -5.30% return. Over the past 10 years, MACGX has underperformed FSMDX with an annualized return of -9.62%, while FSMDX has yielded a comparatively higher 8.61% annualized return.

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MACGX has a 1.00% expense ratio, which is higher than FSMDX's 0.03% expense ratio.

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.

The current MACGX Sharpe Ratio is 1.26, which is higher than the FSMDX Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of MACGX and FSMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

MACGX has not paid dividends to shareholders, while FSMDX's dividend yield for the trailing twelve months is around 2.45%.

The maximum MACGX drawdown since its inception was -85.92%, 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.

Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a higher volatility of 19.12% compared to Fidelity Mid Cap Index Fund (FSMDX) at 13.91%. 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.