MEGIX vs. GQEPX
MEGIX (Morgan Stanley Growth Portfolio) and GQEPX (GQG Partners US Select Quality Equity Fund Investor Shares) are both mutual funds - MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley, while GQEPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, MEGIX returned -1.72%/yr vs 9.28%/yr for GQEPX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. MEGIX charges 0.57%/yr vs 0.59%/yr for GQEPX.
Performance
MEGIX vs. GQEPX - 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 GQEPX's 6.74% 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%
GQEPX
- 1D
- 0.94%
- 1M
- 1.28%
- 6M
- 3.19%
- YTD
- 6.74%
- 1Y
- 7.22%
- 3Y*
- 11.80%
- 5Y*
- 9.28%
- 10Y*
- —
- ALL TIME*
- 13.06%
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. GQEPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | -10.79% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | -15.02% |
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares | 6.74% | -4.52% | 28.99% | 17.39% | -2.81% | 19.90% | 23.65% | 27.21% | -7.67% |
Correlation
The correlation between MEGIX and GQEPX is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.52 |
The correlation between MEGIX and GQEPX shifts across timeframes, from -0.22 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MEGIX vs. GQEPX — Risk / Return Rank
MEGIX
GQEPX
MEGIX vs. GQEPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). 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 | GQEPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.12 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.81 | -1.16 |
| Martin ratioReturn relative to average drawdown | -0.65 | 1.84 | -2.49 |
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Drawdowns
MEGIX vs. GQEPX - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, which is greater than GQEPX's maximum drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for MEGIX and GQEPX.
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Drawdown Indicators
| MEGIX | GQEPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.99% | -28.45% | -41.54% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -8.48% | -19.55% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -18.97% | -13.15% |
Max Drawdown (5Y)Largest decline over 5 years | -69.99% | -20.49% | -49.50% |
Current DrawdownCurrent decline from peak | -20.54% | -8.89% | -11.65% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -5.90% | -17.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 3.75% | +10.94% |
Volatility
MEGIX vs. GQEPX - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 7.39% compared to GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX) at 2.81%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than GQEPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEGIX | GQEPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 2.81% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | 8.39% | +14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.00% | 10.60% | +19.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.01% | 15.89% | +24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 18.61% | +16.04% |
MEGIX vs. GQEPX - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is lower than GQEPX's 0.59% expense ratio.
Dividends
MEGIX vs. GQEPX - Dividend Comparison
MEGIX's dividend yield for the trailing twelve months is around 12.65%, more than GQEPX's 6.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares | 6.54% | 6.98% | 5.30% | 0.44% | 4.46% | 1.49% | 0.61% | 0.63% | 0.09% |
MEGIX Morgan Stanley Growth Portfolio | 12.65% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% |
Frequently Asked Questions
MEGIX and GQEPX have a correlation of -0.22, 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 GQEPX (2.81%). In terms of maximum drawdown, MEGIX dropped -69.99% vs GQEPX's -28.45%.
GQEPX currently has the higher Sharpe Ratio (0.65 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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