MGGIX vs. IXN
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) and IXN (iShares Global Tech ETF) are both funds - MGGIX is a Global Equities fund managed by T. Rowe Price, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, MGGIX returned 12.60%/yr vs 23.45%/yr for IXN. Their correlation of 0.82 means they have usually moved in the same direction. MGGIX charges 0.95%/yr vs 0.46%/yr for IXN.
Performance
MGGIX vs. IXN - 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 IXN's 26.51% return. Over the past 10 years, MGGIX has underperformed IXN with an annualized return of 12.60%, while IXN has yielded a comparatively higher 23.45% 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%
IXN
- 1D
- -0.21%
- 1M
- -2.80%
- 6M
- 24.00%
- YTD
- 26.51%
- 1Y
- 42.54%
- 3Y*
- 28.76%
- 5Y*
- 18.70%
- 10Y*
- 23.45%
- ALL TIME*
- 12.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.45M | $52.86M | $65.01M | |
| $0.00 | $0.00 | $0.00 |
MGGIX vs. IXN - 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% |
IXN iShares Global Tech ETF | 26.51% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between MGGIX and IXN is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.82 |
The correlation between MGGIX and IXN has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
MGGIX vs. IXN — Risk / Return Rank
MGGIX
IXN
MGGIX vs. IXN - 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 Global Tech ETF (IXN). 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 | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.25 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.49 | -2.87 |
| Martin ratioReturn relative to average drawdown | -0.81 | 7.63 | -8.44 |
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Drawdowns
MGGIX vs. IXN - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for MGGIX and IXN.
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Drawdown Indicators
| MGGIX | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -55.67% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -16.09% | -11.56% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -25.55% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -36.30% | -14.72% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -36.30% | -15.30% |
Current DrawdownCurrent decline from peak | -14.93% | -11.29% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -11.24% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 5.23% | +8.06% |
Volatility
MGGIX vs. IXN - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) is 6.76%, while iShares Global Tech ETF (IXN) has a volatility of 10.37%. This indicates that MGGIX experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 10.37% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 23.76% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 27.43% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 25.89% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 24.88% | -1.64% |
MGGIX vs. IXN - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
MGGIX vs. IXN - Dividend Comparison
MGGIX has not paid dividends to shareholders, while IXN's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.83% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
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 IXN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (10.37%) compared to MGGIX (6.76%). In terms of maximum drawdown, MGGIX dropped -59.08% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (1.46 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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