Correlation
The correlation between MEGIX and SCHG is 0.74, 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.
MEGIX vs. SCHG
Compare and contrast key facts about Morgan Stanley Growth Portfolio (MEGIX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
MEGIX is managed by Morgan Stanley. It was launched on Apr 30, 2017. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEGIX or SCHG.
Performance
MEGIX vs. SCHG - Performance Comparison
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Key characteristics
MEGIX:
2.28
SCHG:
0.61
MEGIX:
2.92
SCHG:
1.02
MEGIX:
1.39
SCHG:
1.14
MEGIX:
1.43
SCHG:
0.66
MEGIX:
7.77
SCHG:
2.18
MEGIX:
10.28%
SCHG:
7.12%
MEGIX:
36.13%
SCHG:
25.37%
MEGIX:
-69.99%
SCHG:
-34.59%
MEGIX:
-17.25%
SCHG:
-5.09%
Returns By Period
In the year-to-date period, MEGIX achieves a 21.46% return, which is significantly higher than SCHG's -0.90% return. Both investments have delivered pretty close results over the past 10 years, with MEGIX having a 16.51% annualized return and SCHG not far behind at 15.86%.
MEGIX
21.46%
12.49%
17.32%
81.73%
28.43%
10.34%
16.51%
SCHG
-0.90%
8.58%
0.32%
15.40%
20.90%
18.26%
15.86%
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MEGIX vs. SCHG - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
MEGIX vs. SCHG — Risk-Adjusted Performance Rank
MEGIX
SCHG
MEGIX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
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Dividends
MEGIX vs. SCHG - Dividend Comparison
MEGIX has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 7.96% | 18.99% | 14.86% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
MEGIX vs. SCHG - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for MEGIX and SCHG.
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Volatility
MEGIX vs. SCHG - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 8.43% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.74%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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