MEGIX vs. CHAIX
MEGIX (Morgan Stanley Growth Portfolio) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. Over the past 5 years, MEGIX returned -1.72%/yr vs 16.71%/yr for CHAIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MEGIX charges 0.57%/yr vs 1.00%/yr for CHAIX.
Performance
MEGIX vs. CHAIX - Performance Comparison
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Returns By Period
In the year-to-date period, MEGIX achieves a -10.79% return, which is significantly lower than CHAIX's 22.03% return.
MEGIX
- 1D
- -2.16%
- 1M
- -8.12%
- 6M
- -2.53%
- YTD
- -10.79%
- 1Y
- -6.05%
- 3Y*
- 23.24%
- 5Y*
- -1.72%
- 10Y*
- —
- ALL TIME*
- 15.07%
CHAIX
- 1D
- -0.33%
- 1M
- -1.06%
- 6M
- 17.29%
- YTD
- 22.03%
- 1Y
- 36.99%
- 3Y*
- 30.14%
- 5Y*
- 16.71%
- 10Y*
- 17.51%
- ALL TIME*
- 11.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MEGIX vs. CHAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | -10.79% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | 7.73% | 19.35% |
CHAIX Chase Growth Fund Institutional Class | 22.03% | 20.67% | 38.77% | 26.00% | -20.32% | 22.36% | 18.41% | 41.69% | -3.87% | 21.28% |
Correlation
The correlation between MEGIX and CHAIX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.70 |
The correlation between MEGIX and CHAIX has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
MEGIX vs. CHAIX — Risk / Return Rank
MEGIX
CHAIX
MEGIX vs. CHAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) and Chase Growth Fund Institutional Class (CHAIX). 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.
| MEGIX | CHAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 3.55 | -3.89 |
| Martin ratioReturn relative to average drawdown | -0.65 | 13.86 | -14.51 |
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Drawdowns
MEGIX vs. CHAIX - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, which is greater than CHAIX's maximum drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for MEGIX and CHAIX.
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Drawdown Indicators
| MEGIX | CHAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.99% | -50.61% | -19.38% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -9.86% | -18.17% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -23.40% | -8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -69.99% | -24.58% | -45.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.36% | — |
Current DrawdownCurrent decline from peak | -20.54% | -4.07% | -16.47% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -10.33% | -12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 2.52% | +12.17% |
Volatility
MEGIX vs. CHAIX - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 7.39% compared to Chase Growth Fund Institutional Class (CHAIX) at 6.30%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than CHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEGIX | CHAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 6.30% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | 15.33% | +8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.00% | 19.28% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.01% | 18.88% | +21.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 19.18% | +15.47% |
MEGIX vs. CHAIX - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is lower than CHAIX's 1.00% expense ratio.
Dividends
MEGIX vs. CHAIX - Dividend Comparison
MEGIX's dividend yield for the trailing twelve months is around 12.65%, more than CHAIX's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHAIX Chase Growth Fund Institutional Class | 6.72% | 8.20% | 18.32% | 5.36% | 5.09% | 18.78% | 7.39% | 21.65% | 12.33% | 11.44% | 8.83% | 9.93% |
MEGIX Morgan Stanley Growth Portfolio | 12.65% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MEGIX and CHAIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGIX has higher volatility (7.39%) compared to CHAIX (6.30%). In terms of maximum drawdown, MEGIX dropped -69.99% vs CHAIX's -50.61%.
CHAIX currently has the higher Sharpe Ratio (1.82 vs -0.32), 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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