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.
Correlation
The correlation between MGGIX and IQLT is 0.71, 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. IQLT - Performance Comparison
Key characteristics
MGGIX:
0.80
IQLT:
0.55
MGGIX:
1.23
IQLT:
0.89
MGGIX:
1.17
IQLT:
1.12
MGGIX:
0.83
IQLT:
0.71
MGGIX:
3.23
IQLT:
1.89
MGGIX:
5.49%
IQLT:
4.95%
MGGIX:
22.29%
IQLT:
17.12%
MGGIX:
-51.60%
IQLT:
-32.21%
MGGIX:
-9.13%
IQLT:
-1.01%
Returns By Period
In the year-to-date period, MGGIX achieves a 2.35% return, which is significantly lower than IQLT's 10.26% return. Over the past 10 years, MGGIX has outperformed IQLT with an annualized return of 13.80%, while IQLT has yielded a comparatively lower 6.78% annualized return.
MGGIX
2.35%
3.12%
4.32%
19.18%
13.24%
13.80%
IQLT
10.26%
2.27%
4.51%
9.54%
11.05%
6.78%
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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 Rank
MGGIX
IQLT
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's dividend yield for the trailing twelve months is around 9.05%, more than IQLT's 2.60% 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% |
IQLT iShares MSCI Intl Quality Factor ETF | 2.60% | 2.87% | 2.27% | 3.14% | 2.24% | 1.60% | 2.28% | 2.72% | 2.36% | 2.91% | 2.78% | 0.00% |
Drawdowns
MGGIX vs. IQLT - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -51.60%, 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) has a higher volatility of 14.81% compared to iShares MSCI Intl Quality Factor ETF (IQLT) at 11.27%. 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.