MGGIX vs. FCNTX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Fidelity Contrafund Fund (FCNTX).
MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGIX or FCNTX.
Correlation
The correlation between MGGIX and FCNTX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MGGIX vs. FCNTX - Performance Comparison
Key characteristics
MGGIX:
0.80
FCNTX:
0.38
MGGIX:
1.23
FCNTX:
0.67
MGGIX:
1.17
FCNTX:
1.09
MGGIX:
0.83
FCNTX:
0.42
MGGIX:
3.23
FCNTX:
1.43
MGGIX:
5.49%
FCNTX:
5.84%
MGGIX:
22.29%
FCNTX:
22.21%
MGGIX:
-51.60%
FCNTX:
-48.74%
MGGIX:
-9.13%
FCNTX:
-11.32%
Returns By Period
In the year-to-date period, MGGIX achieves a 2.35% return, which is significantly higher than FCNTX's -4.42% return. Over the past 10 years, MGGIX has outperformed FCNTX with an annualized return of 13.80%, while FCNTX has yielded a comparatively lower 12.72% annualized return.
MGGIX
2.35%
3.12%
4.32%
19.18%
13.24%
13.80%
FCNTX
-4.42%
0.50%
-6.11%
9.18%
16.01%
12.72%
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MGGIX vs. FCNTX - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than FCNTX's 0.39% expense ratio.
Risk-Adjusted Performance
MGGIX vs. FCNTX — Risk-Adjusted Performance Rank
MGGIX
FCNTX
MGGIX vs. FCNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Fidelity Contrafund Fund (FCNTX). 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.
Dividends
MGGIX vs. FCNTX - Dividend Comparison
MGGIX's dividend yield for the trailing twelve months is around 9.05%, more than FCNTX's 0.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 9.05% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% | 6.20% |
FCNTX Fidelity Contrafund Fund | 0.06% | 0.08% | 0.48% | 13.65% | 10.80% | 8.01% | 4.16% | 9.14% | 5.54% | 0.30% | 0.31% | 7.55% |
Drawdowns
MGGIX vs. FCNTX - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -51.60%, which is greater than FCNTX's maximum drawdown of -48.74%. Use the drawdown chart below to compare losses from any high point for MGGIX and FCNTX. For additional features, visit the drawdowns tool.
Volatility
MGGIX vs. FCNTX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Fidelity Contrafund Fund (FCNTX) have volatilities of 14.81% and 14.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.