MGGIX vs. IQLT
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) and IQLT (iShares MSCI Intl Quality Factor ETF) are both funds - MGGIX is a Global Equities fund managed by T. Rowe Price, while IQLT is a Quality Factor fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net). Over the past 10 years, MGGIX returned 12.60%/yr vs 9.70%/yr for IQLT. Their 0.68 correlation means they have sometimes moved together and sometimes differently. MGGIX charges 0.95%/yr vs 0.30%/yr for IQLT.
Performance
MGGIX vs. IQLT - Performance Comparison
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Returns By Period
In the year-to-date period, MGGIX achieves a -0.11% return, which is significantly lower than IQLT's 12.06% return. Over the past 10 years, MGGIX has outperformed IQLT with an annualized return of 12.60%, while IQLT has yielded a comparatively lower 9.70% annualized return.
MGGIX
- 1D
- 2.63%
- 1M
- -4.10%
- 6M
- 0.91%
- YTD
- -0.11%
- 1Y
- -8.62%
- 3Y*
- 11.17%
- 5Y*
- 1.88%
- 10Y*
- 12.60%
- ALL TIME*
- 11.72%
IQLT
- 1D
- -0.81%
- 1M
- 1.15%
- 6M
- 6.98%
- YTD
- 12.06%
- 1Y
- 24.16%
- 3Y*
- 14.51%
- 5Y*
- 7.74%
- 10Y*
- 9.70%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $80.44M | $83.91M | $72.09M | |
| $0.00 | $0.00 | $0.00 |
MGGIX vs. IQLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | -0.11% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
IQLT iShares MSCI Intl Quality Factor ETF | 12.06% | 25.42% | 1.54% | 18.73% | -15.22% | 12.94% | 12.48% | 28.18% | -10.76% | 24.04% |
Correlation
The correlation between MGGIX and IQLT is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2015 | 0.68 |
The correlation between MGGIX and IQLT has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
MGGIX vs. IQLT — Risk / Return Rank
MGGIX
IQLT
MGGIX vs. IQLT - 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 iShares MSCI Intl Quality Factor ETF (IQLT). 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 | IQLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.30 | -2.69 |
| Martin ratioReturn relative to average drawdown | -0.81 | 9.18 | -9.99 |
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Drawdowns
MGGIX vs. IQLT - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, which is greater than IQLT's maximum drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for MGGIX and IQLT.
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Drawdown Indicators
| MGGIX | IQLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -32.21% | -26.87% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -10.38% | -17.27% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -13.18% | -14.47% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -30.24% | -20.78% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -32.21% | -19.39% |
Current DrawdownCurrent decline from peak | -14.93% | -0.81% | -14.12% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -6.15% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 2.59% | +10.70% |
Volatility
MGGIX vs. IQLT - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 6.76% compared to iShares MSCI Intl Quality Factor ETF (IQLT) at 3.86%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than IQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | IQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 3.86% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 12.95% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 15.13% | +9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 16.57% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 16.77% | +6.47% |
MGGIX vs. IQLT - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than IQLT's 0.30% expense ratio.
Dividends
MGGIX vs. IQLT - Dividend Comparison
MGGIX has not paid dividends to shareholders, while IQLT's dividend yield for the trailing twelve months is around 2.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQLT iShares MSCI Intl Quality Factor ETF | 2.38% | 2.33% | 2.87% | 2.27% | 3.14% | 2.24% | 1.61% | 2.28% | 2.72% | 2.36% | 2.91% | 2.78% |
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 IQLT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGGIX has higher volatility (6.76%) compared to IQLT (3.86%). In terms of maximum drawdown, MGGIX dropped -59.08% vs IQLT's -32.21%.
IQLT currently has the higher Sharpe Ratio (1.58 vs -0.44), 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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