MGGIX vs. EXPO
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) is Global Equities fund managed by T. Rowe Price, while EXPO (Exponent, Inc.) is a stock. Over the past 10 years, MGGIX returned 13.62%/yr vs 9.50%/yr for EXPO. At a 0.44 correlation, their price movements are largely independent.
Performance
MGGIX vs. EXPO - Performance Comparison
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Returns By Period
In the year-to-date period, MGGIX achieves a 5.63% return, which is significantly higher than EXPO's -6.39% return. Over the past 10 years, MGGIX has outperformed EXPO with an annualized return of 13.62%, while EXPO has yielded a comparatively lower 9.50% annualized return.
MGGIX
- 1D
- 0.35%
- 1M
- 0.35%
- 6M
- 6.92%
- YTD
- 5.63%
- 1Y
- -6.50%
- 3Y*
- 13.86%
- 5Y*
- 2.68%
- 10Y*
- 13.62%
EXPO
- 1D
- 3.79%
- 1M
- 12.33%
- 6M
- -12.55%
- YTD
- -6.39%
- 1Y
- -10.10%
- 3Y*
- -11.17%
- 5Y*
- -5.34%
- 10Y*
- 9.50%
MGGIX vs. EXPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 5.63% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
EXPO Exponent, Inc. | -6.39% | -20.81% | 2.42% | -10.14% | -14.25% | 30.67% | 31.74% | 37.51% | 44.22% | 19.46% |
Correlation
The correlation between MGGIX and EXPO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.44 |
Over the past year, the correlation between MGGIX and EXPO has dropped to 0.17 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
MGGIX vs. EXPO — Risk / Return Rank
MGGIX
EXPO
MGGIX vs. EXPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Exponent, Inc. (EXPO). 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.
| MGGIX | EXPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.31 | +0.08 |
| Martin ratioReturn relative to average drawdown | -0.50 | -0.72 | +0.22 |
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Drawdowns
MGGIX vs. EXPO - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, smaller than the maximum EXPO drawdown of -86.44%. Use the drawdown chart below to compare losses from any high point for MGGIX and EXPO.
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Drawdown Indicators
| MGGIX | EXPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -86.44% | +27.36% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -32.45% | +4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -52.37% | +24.72% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -54.79% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -54.79% | +3.19% |
Current DrawdownCurrent decline from peak | -10.04% | -45.46% | +35.42% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -32.77% | +21.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.97% | 14.00% | -1.03% |
Volatility
MGGIX vs. EXPO - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) is 8.06%, while Exponent, Inc. (EXPO) has a volatility of 8.89%. This indicates that MGGIX experiences smaller price fluctuations and is considered to be less risky than EXPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | EXPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 8.89% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 18.47% | 26.28% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.74% | 31.56% | -7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.42% | 30.24% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 28.99% | -5.79% |
Dividends
MGGIX vs. EXPO - Dividend Comparison
MGGIX has not paid dividends to shareholders, while EXPO's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXPO Exponent, Inc. | 1.89% | 1.73% | 1.26% | 1.18% | 0.97% | 0.69% | 0.84% | 0.93% | 1.03% | 1.18% | 1.19% | 1.20% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% |
Frequently Asked Questions
MGGIX and EXPO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXPO has higher volatility (8.89%) compared to MGGIX (8.06%). In terms of maximum drawdown, MGGIX dropped -59.08% vs EXPO's -86.44%.
MGGIX currently has the higher Sharpe Ratio (-0.28 vs -0.32), 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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