MGEMX vs. TRLGX
MGEMX (Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio) and TRLGX (T. Rowe Price Large-Cap Growth Fund) are both mutual funds - MGEMX is a Emerging Markets Equities fund managed by T. Rowe Price, while TRLGX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, MGEMX returned 2.50%/yr vs 17.64%/yr for TRLGX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. MGEMX charges 1.05%/yr vs 0.55%/yr for TRLGX.
Performance
MGEMX vs. TRLGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGEMX achieves a 23.22% return, which is significantly higher than TRLGX's 0.84% return. Over the past 10 years, MGEMX has underperformed TRLGX with an annualized return of 2.50%, while TRLGX has yielded a comparatively higher 17.64% annualized return.
MGEMX
- 1D
- 2.19%
- 1M
- -2.81%
- 6M
- 13.22%
- YTD
- 23.22%
- 1Y
- -28.33%
- 3Y*
- -3.74%
- 5Y*
- -5.97%
- 10Y*
- 2.50%
- ALL TIME*
- 6.67%
TRLGX
- 1D
- 0.58%
- 1M
- -0.52%
- 6M
- 3.53%
- YTD
- 0.84%
- 1Y
- 10.10%
- 3Y*
- 20.90%
- 5Y*
- 9.76%
- 10Y*
- 17.64%
- ALL TIME*
- 12.25%
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. TRLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGEMX Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio | 23.22% | -34.08% | 8.07% | 12.16% | -25.07% | 3.53% | 14.59% | 37.21% | -17.34% | 34.98% |
TRLGX T. Rowe Price Large-Cap Growth Fund | 0.84% | 17.51% | 37.57% | 46.22% | -35.26% | 23.24% | 39.57% | 28.51% | 4.35% | 37.77% |
Correlation
The correlation between MGEMX and TRLGX is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2001 | 0.63 |
The correlation between MGEMX and TRLGX has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGEMX vs. TRLGX — Risk / Return Rank
MGEMX
TRLGX
MGEMX vs. TRLGX - 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 T. Rowe Price Large-Cap Growth Fund (TRLGX). 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 | TRLGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.09 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.42 | -0.98 |
| Martin ratioReturn relative to average drawdown | -0.88 | 1.26 | -2.13 |
Loading charts...
Drawdowns
MGEMX vs. TRLGX - Drawdown Comparison
The maximum MGEMX drawdown since its inception was -64.93%, which is greater than TRLGX's maximum drawdown of -55.56%. Use the drawdown chart below to compare losses from any high point for MGEMX and TRLGX.
Loading charts...
Drawdown Indicators
| MGEMX | TRLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.93% | -55.56% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -52.50% | -18.18% | -34.32% |
Max Drawdown (3Y)Largest decline over 3 years | -52.50% | -21.17% | -31.33% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -40.44% | -12.06% |
Max Drawdown (10Y)Largest decline over 10 years | -52.50% | -40.44% | -12.06% |
Current DrawdownCurrent decline from peak | -38.67% | -4.94% | -33.73% |
Average DrawdownAverage peak-to-trough decline | -19.90% | -8.65% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.27% | 6.09% | +27.18% |
Volatility
MGEMX vs. TRLGX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) has a higher volatility of 11.16% compared to T. Rowe Price Large-Cap Growth Fund (TRLGX) at 5.16%. This indicates that MGEMX's price experiences larger fluctuations and is considered to be riskier than TRLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGEMX | TRLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.16% | 5.16% | +6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 14.05% | +9.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.30% | 17.24% | +40.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 22.57% | +7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 21.81% | +3.36% |
MGEMX vs. TRLGX - Expense Ratio Comparison
MGEMX has a 1.05% expense ratio, which is higher than TRLGX's 0.55% expense ratio.
Dividends
MGEMX vs. TRLGX - Dividend Comparison
MGEMX has not paid dividends to shareholders, while TRLGX's dividend yield for the trailing twelve months is around 13.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRLGX T. Rowe Price Large-Cap Growth Fund | 13.58% | 13.69% | 9.80% | 2.04% | 3.88% | 2.56% | 0.42% | 4.09% | 7.93% | 9.27% | 1.64% | 4.71% |
Frequently Asked Questions
MGEMX and TRLGX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGEMX has higher volatility (11.16%) compared to TRLGX (5.16%). In terms of maximum drawdown, MGEMX dropped -64.93% vs TRLGX's -55.56%.
TRLGX currently has the higher Sharpe Ratio (0.45 vs -0.51), 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.
Find the right allocation for MGEMX and TRLGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer