MDOEX vs. MSEGX

Last updated Jul 25, 2026

MDOEX (Morgan Stanley Developing Opportunity Portfolio) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both mutual funds - MDOEX is a Emerging Markets Equities fund managed by Morgan Stanley, while MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley. Over the past 5 years, MDOEX returned -1.85%/yr vs -3.84%/yr for MSEGX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MDOEX charges 1.15%/yr vs 0.87%/yr for MSEGX.

Performance

MDOEX vs. MSEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Developing Opportunity Portfolio (MDOEX) and Morgan Stanley Institutional Growth Portfolio (MSEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDOEX achieves a 9.83% return, which is significantly higher than MSEGX's -11.17% return.

MDOEX

• 1D: -0.25%
• 1M: -2.47%
• 6M: 8.03%
• YTD: 9.83%
• 1Y: 4.82%
• 3Y*: 11.53%
• 5Y*: -1.85%
• 10Y*: —
• ALL TIME*: 2.89%

MSEGX

• 1D: -3.57%
• 1M: -4.87%
• 6M: -8.49%
• YTD: -11.17%
• 1Y: -8.26%
• 3Y*: 20.60%
• 5Y*: -3.84%
• 10Y*: 15.49%
• ALL TIME*: 10.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDOEX Morgan Stanley Developing Opportunity Portfolio	$0.00	$0.00	$0.00
MSEGX Morgan Stanley Institutional Growth Portfolio	$0.00	$0.00	$0.00

MDOEX vs. MSEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MDOEX Morgan Stanley Developing Opportunity Portfolio	9.83%	8.28%	16.79%	5.36%	-30.36%	-18.69%	45.00%
MSEGX Morgan Stanley Institutional Growth Portfolio	-11.17%	24.43%	46.29%	49.87%	-60.27%	-0.31%	89.07%

Correlation

The correlation between MDOEX and MSEGX is 0.59, 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.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020	0.63

The correlation between MDOEX and MSEGX has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.

Return for Risk

MDOEX vs. MSEGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDOEX

MDOEX Risk / Return Rank: 6
MDOEX Sharpe Ratio Rank: 6
MDOEX Sortino Ratio Rank: 7
MDOEX Omega Ratio Rank: 7
MDOEX Calmar Ratio Rank: 6
MDOEX Martin Ratio Rank: 6

MSEGX

MSEGX Risk / Return Rank: 3
MSEGX Sharpe Ratio Rank: 3
MSEGX Sortino Ratio Rank: 3
MSEGX Omega Ratio Rank: 3
MSEGX Calmar Ratio Rank: 2
MSEGX Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDOEX vs. MSEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Developing Opportunity Portfolio (MDOEX) and Morgan Stanley Institutional Growth Portfolio (MSEGX). 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.

	MDOEX	MSEGX	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-0.26	+0.41
Sortino ratio: Return per unit of downside risk	0.38	-0.17	+0.55
Omega ratio: Gain probability vs. loss probability	1.05	0.98	+0.07
Calmar ratio: Return relative to maximum drawdown	0.17	-0.27	+0.45
Martin ratio: Return relative to average drawdown	0.46	-0.54	+0.99

MDOEX vs. MSEGX - Sharpe Ratio Comparison

The current MDOEX Sharpe Ratio is 0.15, which is higher than the MSEGX Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of MDOEX and MSEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MDOEX vs. MSEGX - Drawdown Comparison

The maximum MDOEX drawdown since its inception was -59.92%, smaller than the maximum MSEGX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for MDOEX and MSEGX.

Drawdown Indicators

	MDOEX	MSEGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-69.57%	+9.65%
Max Drawdown (1Y) Largest decline over 1 year	-21.82%	-27.83%	+6.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.82%	-32.54%	+10.72%
Max Drawdown (5Y) Largest decline over 5 years	-48.32%	-69.57%	+21.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.57%	—
Current Drawdown Current decline from peak	-30.51%	-23.23%	-7.28%
Average Drawdown Average peak-to-trough decline	-34.90%	-19.49%	-15.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.22%	14.21%	-5.99%

Volatility

MDOEX vs. MSEGX - Volatility Comparison

Morgan Stanley Developing Opportunity Portfolio (MDOEX) has a higher volatility of 8.12% compared to Morgan Stanley Institutional Growth Portfolio (MSEGX) at 7.73%. This indicates that MDOEX's price experiences larger fluctuations and is considered to be riskier than MSEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDOEX	MSEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	7.73%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	23.40%	22.73%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	29.45%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	39.91%	-15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.16%	33.94%	-8.78%

MDOEX vs. MSEGX - Expense Ratio Comparison

MDOEX has a 1.15% expense ratio, which is higher than MSEGX's 0.87% expense ratio.

Dividends

MDOEX vs. MSEGX - Dividend Comparison

MDOEX's dividend yield for the trailing twelve months is around 0.67%, while MSEGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDOEX Morgan Stanley Developing Opportunity Portfolio	0.67%	0.74%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSEGX Morgan Stanley Institutional Growth Portfolio	0.00%	0.00%	0.42%	0.00%	18.70%	26.52%	10.03%	22.75%	5.67%	22.18%	13.17%	7.76%

Frequently Asked Questions

Can I hold both MDOEX and MSEGX in my portfolio?

MDOEX and MSEGX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDOEX or MSEGX?

MDOEX has higher volatility (8.12%) compared to MSEGX (7.73%). In terms of maximum drawdown, MDOEX dropped -59.92% vs MSEGX's -69.57%.

Which has better risk-adjusted returns?

MDOEX currently has the higher Sharpe Ratio (0.15 vs -0.26), 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.