MGGIX vs. IQLT
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and iShares MSCI Intl Quality Factor ETF (IQLT).
MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008. IQLT is a passively managed fund by iShares that tracks the performance of the World ex USA Sector Neutral Quality. It was launched on Jan 13, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGIX or IQLT.
Key characteristics
| MGGIX | IQLT | |
|---|---|---|
| YTD Return | 29.29% | 3.42% |
| 1Y Return | 39.99% | 14.58% |
| 3Y Return (Ann) | -7.59% | 0.97% |
| 5Y Return (Ann) | 6.89% | 6.74% |
| Sharpe Ratio | 2.46 | 1.12 |
| Sortino Ratio | 3.30 | 1.65 |
| Omega Ratio | 1.43 | 1.19 |
| Calmar Ratio | 0.91 | 1.33 |
| Martin Ratio | 16.01 | 5.47 |
| Ulcer Index | 2.53% | 2.71% |
| Daily Std Dev | 16.48% | 13.28% |
| Max Drawdown | -59.75% | -32.21% |
| Current Drawdown | -22.36% | -8.56% |
Correlation
The correlation between MGGIX and IQLT is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MGGIX vs. IQLT - Performance Comparison
In the year-to-date period, MGGIX achieves a 29.29% return, which is significantly higher than IQLT's 3.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGGIX vs. IQLT - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than IQLT's 0.30% expense ratio.
Risk-Adjusted Performance
MGGIX vs. IQLT - 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 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.
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 2.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQLT iShares MSCI Intl Quality Factor ETF | 2.60% | 2.27% | 3.14% | 2.24% | 1.60% | 2.28% | 2.72% | 2.36% | 2.91% | 2.78% |
Drawdowns
MGGIX vs. IQLT - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.75%, 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. For additional features, visit the drawdowns tool.
Volatility
MGGIX vs. IQLT - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and iShares MSCI Intl Quality Factor ETF (IQLT) have volatilities of 4.24% and 4.27%, 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.