MEGIX vs. MGKQX
MEGIX (Morgan Stanley Growth Portfolio) and MGKQX (Morgan Stanley Global Permanence Portfolio) are both mutual funds - MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley, while MGKQX is a Global Equities fund managed by Morgan Stanley. Over the past 5 years, MEGIX returned -1.72%/yr vs 3.06%/yr for MGKQX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. MEGIX charges 0.57%/yr vs 0.95%/yr for MGKQX.
Performance
MEGIX vs. MGKQX - 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 MGKQX's -0.25% 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%
MGKQX
- 1D
- -1.39%
- 1M
- -1.56%
- 6M
- -2.04%
- YTD
- -0.25%
- 1Y
- -15.35%
- 3Y*
- 4.55%
- 5Y*
- 3.06%
- 10Y*
- —
- ALL TIME*
- 8.67%
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. MGKQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | -10.79% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 6.09% |
MGKQX Morgan Stanley Global Permanence Portfolio | -0.25% | 5.52% | 10.81% | 20.89% | -19.81% | 19.55% | 27.09% | 6.40% |
Correlation
The correlation between MEGIX and MGKQX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2019 | 0.76 |
The correlation between MEGIX and MGKQX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
MEGIX vs. MGKQX — Risk / Return Rank
MEGIX
MGKQX
MEGIX vs. MGKQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) and Morgan Stanley Global Permanence Portfolio (MGKQX). 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 | MGKQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.89 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.63 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.65 | -1.01 | +0.36 |
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Drawdowns
MEGIX vs. MGKQX - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, which is greater than MGKQX's maximum drawdown of -33.07%. Use the drawdown chart below to compare losses from any high point for MEGIX and MGKQX.
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Drawdown Indicators
| MEGIX | MGKQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.99% | -33.07% | -36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -25.97% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -25.97% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -69.99% | -30.96% | -39.03% |
Current DrawdownCurrent decline from peak | -20.54% | -20.76% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -8.81% | -14.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 16.05% | -1.36% |
Volatility
MEGIX vs. MGKQX - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 7.39% compared to Morgan Stanley Global Permanence Portfolio (MGKQX) at 4.57%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than MGKQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEGIX | MGKQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 4.57% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | 15.03% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.00% | 26.22% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.01% | 23.95% | +16.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 23.66% | +10.99% |
MEGIX vs. MGKQX - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is lower than MGKQX's 0.95% expense ratio.
Dividends
MEGIX vs. MGKQX - Dividend Comparison
MEGIX's dividend yield for the trailing twelve months is around 12.65%, while MGKQX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 12.65% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% |
MGKQX Morgan Stanley Global Permanence Portfolio | 0.00% | 0.00% | 21.29% | 5.29% | 1.80% | 16.33% | 0.74% | 0.00% | 0.00% |
Frequently Asked Questions
MEGIX and MGKQX have a correlation of 0.81, 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 MGKQX (4.57%). In terms of maximum drawdown, MEGIX dropped -69.99% vs MGKQX's -33.07%.
MEGIX currently has the higher Sharpe Ratio (-0.32 vs -0.62), 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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