MEGIX vs. SWPPX
MEGIX (Morgan Stanley Growth Portfolio) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 5 years, MEGIX returned -2.57%/yr vs 12.50%/yr for SWPPX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MEGIX charges 0.57%/yr vs 0.02%/yr for SWPPX.
Performance
MEGIX vs. SWPPX - Performance Comparison
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Returns By Period
In the year-to-date period, MEGIX achieves a -11.54% return, which is significantly lower than SWPPX's 8.89% return.
MEGIX
- 1D
- -3.57%
- 1M
- -4.96%
- 6M
- -8.83%
- YTD
- -11.54%
- 1Y
- -9.74%
- 3Y*
- 23.94%
- 5Y*
- -2.57%
- 10Y*
- —
- ALL TIME*
- 15.01%
SWPPX
- 1D
- -1.19%
- 1M
- 0.79%
- 6M
- 7.73%
- YTD
- 8.89%
- 1Y
- 17.32%
- 3Y*
- 19.16%
- 5Y*
- 12.50%
- 10Y*
- 14.94%
- ALL TIME*
- 9.74%
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. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | -11.54% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | 7.73% | 19.35% |
SWPPX Schwab S&P 500 Index Fund | 8.89% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 19.55% |
Correlation
The correlation between MEGIX and SWPPX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.69 |
The correlation between MEGIX and SWPPX has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
MEGIX vs. SWPPX — Risk / Return Rank
MEGIX
SWPPX
MEGIX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) and Schwab S&P 500 Index Fund (SWPPX). 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 | SWPPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.25 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.02 | -2.35 |
| Martin ratioReturn relative to average drawdown | -0.64 | 8.76 | -9.40 |
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Drawdowns
MEGIX vs. SWPPX - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for MEGIX and SWPPX.
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Drawdown Indicators
| MEGIX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.99% | -55.06% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -8.89% | -19.14% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -18.74% | -13.38% |
Max Drawdown (5Y)Largest decline over 5 years | -69.99% | -24.51% | -45.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.80% | — |
Current DrawdownCurrent decline from peak | -21.21% | -2.50% | -18.71% |
Average DrawdownAverage peak-to-trough decline | -22.94% | -9.91% | -13.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.37% | 2.04% | +12.33% |
Volatility
MEGIX vs. SWPPX - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 7.76% compared to Schwab S&P 500 Index Fund (SWPPX) at 2.96%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEGIX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 2.96% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 23.16% | 9.90% | +13.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.71% | 12.72% | +16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.01% | 17.02% | +22.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.66% | 18.22% | +16.44% |
MEGIX vs. SWPPX - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Dividends
MEGIX vs. SWPPX - Dividend Comparison
MEGIX's dividend yield for the trailing twelve months is around 12.75%, more than SWPPX's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 12.75% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 0.00% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.02% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Frequently Asked Questions
MEGIX and SWPPX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGIX has higher volatility (7.76%) compared to SWPPX (2.96%). In terms of maximum drawdown, MEGIX dropped -69.99% vs SWPPX's -55.06%.
SWPPX currently has the higher Sharpe Ratio (1.41 vs -0.31), 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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