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 12.60%/yr vs 18.31%/yr for IWY. Their correlation of 0.82 means they have usually moved in the same direction. 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 -0.11% return, which is significantly lower than IWY's -0.03% return. Over the past 10 years, MGGIX has underperformed IWY with an annualized return of 12.60%, while IWY has yielded a comparatively higher 18.31% 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%
IWY
- 1D
- 0.85%
- 1M
- -2.47%
- 6M
- 1.67%
- YTD
- -0.03%
- 1Y
- 10.78%
- 3Y*
- 19.65%
- 5Y*
- 12.72%
- 10Y*
- 18.31%
- ALL TIME*
- 16.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $127.32M | $104.93M | $113.90M | |
| $0.00 | $0.00 | $0.00 |
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 | -0.11% | 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 | -0.03% | 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 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.79 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 | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.09 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.52 | -0.91 |
| Martin ratioReturn relative to average drawdown | -0.81 | 1.50 | -2.31 |
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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 | -14.93% | -8.44% | -6.49% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -4.76% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 5.70% | +7.59% |
Volatility
MGGIX vs. IWY - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and iShares Russell Top 200 Growth ETF (IWY) have volatilities of 6.76% and 6.91%, 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.
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Volatility by Period
| MGGIX | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 6.91% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 14.24% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 17.75% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 21.81% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 21.13% | +2.11% |
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 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.36% | 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 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWY has higher volatility (6.91%) compared to MGGIX (6.76%). In terms of maximum drawdown, MGGIX dropped -59.08% vs IWY's -32.68%.
IWY currently has the higher Sharpe Ratio (0.48 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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