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 Foreign Large Cap Equities fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net). Over the past 10 years, MGGIX returned 13.67%/yr vs 9.68%/yr for IQLT. A 0.68 correlation means they provide meaningful diversification when combined. MGGIX charges 0.95%/yr vs 0.30%/yr for IQLT.
Performance
MGGIX vs. IQLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGGIX achieves a 5.34% return, which is significantly lower than IQLT's 10.70% return. Over the past 10 years, MGGIX has outperformed IQLT with an annualized return of 13.67%, while IQLT has yielded a comparatively lower 9.68% annualized return.
MGGIX
- 1D
- 1.33%
- 1M
- 3.85%
- 6M
- 3.83%
- YTD
- 5.34%
- 1Y
- -6.79%
- 3Y*
- 15.55%
- 5Y*
- 2.38%
- 10Y*
- 13.67%
IQLT
- 1D
- 0.12%
- 1M
- 0.81%
- 6M
- 7.34%
- YTD
- 10.70%
- 1Y
- 18.14%
- 3Y*
- 15.10%
- 5Y*
- 7.67%
- 10Y*
- 9.68%
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 | 5.34% | 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 | 10.70% | 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 share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
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.
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
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 | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.20 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.66 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.66 | 6.31 | -6.97 |
Loading charts...
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.
Loading charts...
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 | -10.28% | -0.82% | -9.46% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -6.17% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 2.73% | +10.18% |
Volatility
MGGIX vs. IQLT - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 9.22% compared to iShares MSCI Intl Quality Factor ETF (IQLT) at 4.79%. 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.
Loading charts...
Volatility by Period
| MGGIX | IQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 4.79% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 18.30% | 12.88% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.63% | 15.10% | +8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.40% | 16.55% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.18% | 16.75% | +6.43% |
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 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQLT iShares MSCI Intl Quality Factor ETF | 2.41% | 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 (9.22%) compared to IQLT (4.79%). In terms of maximum drawdown, MGGIX dropped -59.08% vs IQLT's -32.21%.
IQLT currently has the higher Sharpe Ratio (1.14 vs -0.36), 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 MGGIX and IQLT
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