MACGX vs. MSEQX
MACGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A) and MSEQX (Morgan Stanley Growth Portfolio Class I) are both mutual funds - MACGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while MSEQX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MACGX returned 14.70%/yr vs 17.37%/yr for MSEQX. Their correlation of 0.92 suggests significant overlap in exposure. MACGX charges 1.00%/yr vs 0.56%/yr for MSEQX.
Performance
MACGX vs. MSEQX - Performance Comparison
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Returns By Period
In the year-to-date period, MACGX achieves a 6.63% return, which is significantly higher than MSEQX's -1.20% return. Over the past 10 years, MACGX has underperformed MSEQX with an annualized return of 14.70%, while MSEQX has yielded a comparatively higher 17.37% annualized return.
MACGX
- 1D
- -1.67%
- 1M
- 5.93%
- YTD
- 6.63%
- 6M
- 3.09%
- 1Y
- 5.74%
- 3Y*
- 26.93%
- 5Y*
- -3.23%
- 10Y*
- 14.70%
MSEQX
- 1D
- -1.57%
- 1M
- 4.10%
- YTD
- -1.20%
- 6M
- -2.94%
- 1Y
- 9.09%
- 3Y*
- 29.17%
- 5Y*
- 1.84%
- 10Y*
- 17.37%
MACGX vs. MSEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 6.63% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
MSEQX Morgan Stanley Growth Portfolio Class I | -1.20% | 24.78% | 46.65% | 50.36% | -60.18% | -0.00% | 115.60% | 38.25% | 5.38% | 43.91% |
Correlation
The correlation between MACGX and MSEQX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 1997 | 0.92 |
The correlation between MACGX and MSEQX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
MACGX vs. MSEQX — Risk / Return Rank
MACGX
MSEQX
MACGX vs. MSEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) 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.
| MACGX | MSEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.35 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.76 | -0.21 |
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
| MACGX | MSEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.35 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.05 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.52 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.47 | -0.15 |
Drawdowns
MACGX vs. MSEQX - Drawdown Comparison
The maximum MACGX drawdown since its inception was -77.61%, which is greater than MSEQX's maximum drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for MACGX and MSEQX.
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Drawdown Indicators
| MACGX | MSEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.61% | -69.48% | -8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -27.73% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -28.55% | -32.52% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -77.61% | -69.48% | -8.13% |
Max Drawdown (10Y)Largest decline over 10 years | -77.61% | -69.48% | -8.13% |
Current DrawdownCurrent decline from peak | -40.72% | -13.64% | -27.08% |
Average DrawdownAverage peak-to-trough decline | -25.65% | -16.89% | -8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 12.82% | -0.07% |
Volatility
MACGX vs. MSEQX - Volatility Comparison
Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a higher volatility of 8.96% compared to Morgan Stanley Growth Portfolio Class I (MSEQX) at 8.13%. This indicates that MACGX's price experiences larger fluctuations and is considered to be riskier than MSEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MACGX | MSEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 8.13% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 21.32% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 27.99% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.30% | 39.71% | +8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.37% | 33.76% | +5.61% |
MACGX vs. MSEQX - Expense Ratio Comparison
MACGX has a 1.00% expense ratio, which is higher than MSEQX's 0.56% expense ratio.
Dividends
MACGX vs. MSEQX - Dividend Comparison
Neither MACGX nor MSEQX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Frequently Asked Questions
With a correlation of 0.94, MACGX and MSEQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MACGX has higher volatility (8.96%) compared to MSEQX (8.13%). In terms of maximum drawdown, MACGX dropped -77.61% vs MSEQX's -69.48%.
MSEQX currently has the higher Sharpe Ratio (0.35 vs 0.25), 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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