MEMEX vs. MSEGX
MEMEX (Morgan Stanley Emerging Markets Equity Portfolio) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both mutual funds - MEMEX is a Emerging Markets Equities fund managed by Morgan Stanley, while MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley. Over the past 5 years, MEMEX returned 7.82%/yr vs -3.00%/yr for MSEGX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. MEMEX charges 1.25%/yr vs 0.87%/yr for MSEGX.
Performance
MEMEX vs. MSEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MEMEX achieves a 21.85% return, which is significantly higher than MSEGX's -10.37% return.
MEMEX
- 1D
- 2.35%
- 1M
- -2.33%
- 6M
- 11.97%
- YTD
- 21.85%
- 1Y
- 43.88%
- 3Y*
- 21.04%
- 5Y*
- 7.82%
- 10Y*
- —
- ALL TIME*
- 8.41%
MSEGX
- 1D
- -2.12%
- 1M
- -8.00%
- 6M
- -2.25%
- YTD
- -10.37%
- 1Y
- -4.78%
- 3Y*
- 19.93%
- 5Y*
- -3.00%
- 10Y*
- 15.43%
- ALL TIME*
- 10.82%
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 |
MEMEX vs. MSEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 21.85% | 32.98% | 7.82% | 11.90% | -25.14% | 2.99% | 14.40% | 19.61% | -17.46% | 26.45% |
MSEGX Morgan Stanley Institutional Growth Portfolio | -10.37% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 30.34% |
Correlation
The correlation between MEMEX and MSEGX is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.54 |
The correlation between MEMEX and MSEGX has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
MEMEX vs. MSEGX — Risk / Return Rank
MEMEX
MSEGX
MEMEX vs. MSEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) and Morgan Stanley Institutional Growth Portfolio (MSEGX). 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.
| MEMEX | MSEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.98 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | -0.29 | +2.90 |
| Martin ratioReturn relative to average drawdown | 8.87 | -0.56 | +9.43 |
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Drawdowns
MEMEX vs. MSEGX - Drawdown Comparison
The maximum MEMEX drawdown since its inception was -39.90%, smaller than the maximum MSEGX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for MEMEX and MSEGX.
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Drawdown Indicators
| MEMEX | MSEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.90% | -69.57% | +29.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.31% | -27.83% | +11.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -32.54% | +15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.30% | -69.57% | +32.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.57% | — |
Current DrawdownCurrent decline from peak | -10.31% | -22.53% | +12.22% |
Average DrawdownAverage peak-to-trough decline | -14.91% | -19.50% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 14.53% | -9.75% |
Volatility
MEMEX vs. MSEGX - Volatility Comparison
Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) has a higher volatility of 11.14% compared to Morgan Stanley Institutional Growth Portfolio (MSEGX) at 7.39%. This indicates that MEMEX's price experiences larger fluctuations and is considered to be riskier than MSEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEMEX | MSEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 7.39% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | 22.95% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 29.73% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 39.92% | -20.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 33.96% | -15.06% |
MEMEX vs. MSEGX - Expense Ratio Comparison
MEMEX has a 1.25% expense ratio, which is higher than MSEGX's 0.87% expense ratio.
Dividends
MEMEX vs. MSEGX - Dividend Comparison
MEMEX's dividend yield for the trailing twelve months is around 4.71%, while MSEGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 4.71% | 3.35% | 1.38% | 3.26% | 13.18% | 0.86% | 2.57% | 7.81% | 0.52% | 0.00% | 0.00% | 0.00% |
MSEGX Morgan Stanley Institutional Growth Portfolio | 0.00% | 0.00% | 0.42% | 0.00% | 18.70% | 26.52% | 10.03% | 22.75% | 5.67% | 22.18% | 13.17% | 7.76% |
Frequently Asked Questions
MEMEX and MSEGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEMEX has higher volatility (11.14%) compared to MSEGX (7.39%). In terms of maximum drawdown, MEMEX dropped -39.90% vs MSEGX's -69.57%.
MEMEX currently has the higher Sharpe Ratio (1.69 vs -0.27), 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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