MACGX vs. VOO
Compare and contrast key facts about Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) and Vanguard S&P 500 ETF (VOO).
MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MACGX or VOO.
Key characteristics
| MACGX | VOO | |
|---|---|---|
| YTD Return | 19.57% | 23.77% |
| 1Y Return | 52.93% | 37.35% |
| 3Y Return (Ann) | -19.43% | 10.91% |
| 5Y Return (Ann) | 7.89% | 16.23% |
| 10Y Return (Ann) | 9.46% | 13.93% |
| Sharpe Ratio | 1.63 | 2.85 |
| Sortino Ratio | 2.26 | 3.80 |
| Omega Ratio | 1.27 | 1.52 |
| Calmar Ratio | 0.66 | 3.06 |
| Martin Ratio | 8.12 | 18.61 |
| Ulcer Index | 5.88% | 1.91% |
| Daily Std Dev | 29.34% | 12.45% |
| Max Drawdown | -75.49% | -33.99% |
| Current Drawdown | -54.95% | -0.33% |
Correlation
The correlation between MACGX and VOO is 0.70, 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. VOO - Performance Comparison
In the year-to-date period, MACGX achieves a 19.57% return, which is significantly lower than VOO's 23.77% return. Over the past 10 years, MACGX has underperformed VOO with an annualized return of 9.46%, while VOO has yielded a comparatively higher 13.93% 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. VOO - Expense Ratio Comparison
MACGX has a 1.00% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MACGX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MACGX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.26%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
MACGX vs. VOO - Drawdown Comparison
The maximum MACGX drawdown since its inception was -75.49%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MACGX and VOO. For additional features, visit the drawdowns tool.
Volatility
MACGX vs. VOO - Volatility Comparison
Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a higher volatility of 6.40% compared to Vanguard S&P 500 ETF (VOO) at 3.00%. This indicates that MACGX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.