MGEMX vs. GSIYX
MGEMX (Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio) and GSIYX (Goldman Sachs GQG Partners International Opportunities Fund Class R6) are both mutual funds - MGEMX is a Emerging Markets Equities fund managed by T. Rowe Price, while GSIYX is a Foreign Large Cap Equities fund tracking the MSCI AC World ex USA Growth (Net). Over the past 5 years, MGEMX returned -6.38%/yr vs 9.23%/yr for GSIYX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MGEMX charges 1.05%/yr vs 0.75%/yr for GSIYX.
Performance
MGEMX vs. GSIYX - Performance Comparison
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Returns By Period
In the year-to-date period, MGEMX achieves a 20.58% return, which is significantly higher than GSIYX's 8.15% return.
MGEMX
- 1D
- 4.70%
- 1M
- -4.89%
- 6M
- 11.31%
- YTD
- 20.58%
- 1Y
- -29.87%
- 3Y*
- -4.77%
- 5Y*
- -6.38%
- 10Y*
- 2.22%
- ALL TIME*
- 6.60%
GSIYX
- 1D
- 0.62%
- 1M
- 2.02%
- 6M
- 4.43%
- YTD
- 8.15%
- 1Y
- 15.65%
- 3Y*
- 15.48%
- 5Y*
- 9.23%
- 10Y*
- —
- ALL TIME*
- 12.79%
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 |
MGEMX vs. GSIYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGEMX Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio | 20.58% | -34.08% | 8.07% | 12.16% | -25.07% | 3.53% | 14.59% | 37.21% | -17.34% | 34.98% |
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 8.15% | 20.89% | 9.69% | 22.07% | -10.99% | 12.47% | 15.86% | 27.59% | -6.02% | 29.91% |
Correlation
The correlation between MGEMX and GSIYX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.70 |
Over the past year, the correlation between MGEMX and GSIYX has dropped to 0.20 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
MGEMX vs. GSIYX — Risk / Return Rank
MGEMX
GSIYX
MGEMX vs. GSIYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) and Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX). 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.
| MGEMX | GSIYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.01 | -2.61 |
| Martin ratioReturn relative to average drawdown | -0.94 | 5.51 | -6.45 |
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Drawdowns
MGEMX vs. GSIYX - Drawdown Comparison
The maximum MGEMX drawdown since its inception was -64.93%, which is greater than GSIYX's maximum drawdown of -28.79%. Use the drawdown chart below to compare losses from any high point for MGEMX and GSIYX.
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Drawdown Indicators
| MGEMX | GSIYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.93% | -28.79% | -36.14% |
Max Drawdown (1Y)Largest decline over 1 year | -52.50% | -7.81% | -44.69% |
Max Drawdown (3Y)Largest decline over 3 years | -52.50% | -10.30% | -42.20% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -25.36% | -27.14% |
Max Drawdown (10Y)Largest decline over 10 years | -52.50% | — | — |
Current DrawdownCurrent decline from peak | -39.99% | -2.17% | -37.82% |
Average DrawdownAverage peak-to-trough decline | -19.89% | -4.80% | -15.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 2.85% | +30.33% |
Volatility
MGEMX vs. GSIYX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) has a higher volatility of 11.14% compared to Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) at 2.75%. This indicates that MGEMX's price experiences larger fluctuations and is considered to be riskier than GSIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGEMX | GSIYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 2.75% | +8.39% |
Volatility (6M)Calculated over the trailing 6-month period | 23.76% | 8.20% | +15.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.26% | 9.88% | +47.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 14.27% | +15.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 15.62% | +9.54% |
MGEMX vs. GSIYX - Expense Ratio Comparison
MGEMX has a 1.05% expense ratio, which is higher than GSIYX's 0.75% expense ratio.
Dividends
MGEMX vs. GSIYX - Dividend Comparison
MGEMX has not paid dividends to shareholders, while GSIYX's dividend yield for the trailing twelve months is around 4.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIYX Goldman Sachs GQG Partners International Opportunities Fund Class R6 | 4.76% | 5.14% | 11.21% | 2.38% | 4.91% | 2.25% | 0.19% | 0.67% | 0.55% | 0.16% | 0.00% | 0.00% |
MGEMX Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio | 0.00% | 0.00% | 1.27% | 2.48% | 4.48% | 9.05% | 1.07% | 26.00% | 2.46% | 0.60% | 0.82% | 0.87% |
Frequently Asked Questions
MGEMX and GSIYX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGEMX has higher volatility (11.14%) compared to GSIYX (2.75%). In terms of maximum drawdown, MGEMX dropped -64.93% vs GSIYX's -28.79%.
GSIYX currently has the higher Sharpe Ratio (1.60 vs -0.55), 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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