MGGIX vs. IWY
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) and IWY (iShares Russell Top 200 Growth ETF) are both funds - MGGIX is a Global Equities fund managed by T. Rowe Price, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Over the past 10 years, MGGIX returned 13.67%/yr vs 19.08%/yr for IWY. Their correlation of 0.82 suggests significant overlap in exposure. MGGIX charges 0.95%/yr vs 0.20%/yr for IWY.
Performance
MGGIX vs. IWY - Performance Comparison
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Returns By Period
In the year-to-date period, MGGIX achieves a 5.34% return, which is significantly higher than IWY's 5.07% return. Over the past 10 years, MGGIX has underperformed IWY with an annualized return of 13.67%, while IWY has yielded a comparatively higher 19.08% 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%
IWY
- 1D
- 0.63%
- 1M
- 2.02%
- 6M
- 4.73%
- YTD
- 5.07%
- 1Y
- 17.40%
- 3Y*
- 23.29%
- 5Y*
- 14.09%
- 10Y*
- 19.08%
MGGIX vs. IWY - 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% |
IWY iShares Russell Top 200 Growth ETF | 5.07% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 31.69% |
Correlation
The correlation between MGGIX and IWY is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009 | 0.82 |
The correlation between MGGIX and IWY has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
MGGIX vs. IWY — Risk / Return Rank
MGGIX
IWY
MGGIX vs. IWY - 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 Russell Top 200 Growth ETF (IWY). 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 | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.18 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.04 | -1.34 |
| Martin ratioReturn relative to average drawdown | -0.66 | 3.20 | -3.86 |
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Drawdowns
MGGIX vs. IWY - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for MGGIX and IWY.
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Drawdown Indicators
| MGGIX | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -32.68% | -26.40% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -16.63% | -11.02% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -23.22% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -32.68% | -18.34% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -32.68% | -18.92% |
Current DrawdownCurrent decline from peak | -10.28% | -3.77% | -6.51% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -4.75% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 5.37% | +7.54% |
Volatility
MGGIX vs. IWY - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 9.22% compared to iShares Russell Top 200 Growth ETF (IWY) at 6.65%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 6.65% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 18.30% | 13.32% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.63% | 16.72% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.40% | 21.68% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.18% | 21.04% | +2.14% |
MGGIX vs. IWY - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than IWY's 0.20% expense ratio.
Dividends
MGGIX vs. IWY - Dividend Comparison
MGGIX has not paid dividends to shareholders, while IWY's dividend yield for the trailing twelve months is around 0.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.34% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
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 IWY have a correlation of 0.78, 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 IWY (6.65%). In terms of maximum drawdown, MGGIX dropped -59.08% vs IWY's -32.68%.
IWY currently has the higher Sharpe Ratio (1.03 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.
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