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 13.67%/yr vs 24.64%/yr for IXN. Their correlation of 0.82 suggests significant overlap in exposure. MGGIX charges 0.95%/yr vs 0.46%/yr for IXN.
Performance
MGGIX vs. IXN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGGIX achieves a 5.34% return, which is significantly lower than IXN's 34.19% return. Over the past 10 years, MGGIX has underperformed IXN with an annualized return of 13.67%, while IXN has yielded a comparatively higher 24.64% 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%
IXN
- 1D
- 0.21%
- 1M
- 0.84%
- 6M
- 31.17%
- YTD
- 34.19%
- 1Y
- 52.48%
- 3Y*
- 32.68%
- 5Y*
- 20.42%
- 10Y*
- 24.64%
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 | 5.34% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
IXN iShares Global Tech ETF | 34.19% | 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 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 0.73 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.34 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 3.78 | -4.09 |
| Martin ratioReturn relative to average drawdown | -0.66 | 11.48 | -12.14 |
Loading charts...
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.
Loading charts...
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% | -13.80% | -13.85% |
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 | -10.28% | -5.90% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -11.25% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.91% | 4.53% | +8.38% |
Volatility
MGGIX vs. IXN - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) is 9.22%, while iShares Global Tech ETF (IXN) has a volatility of 12.17%. 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.
Loading charts...
Volatility by Period
| MGGIX | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 12.17% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.30% | 22.51% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.63% | 25.94% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.40% | 25.60% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.18% | 24.72% | -1.54% |
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 0.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.78% | 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 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (12.17%) compared to MGGIX (9.22%). In terms of maximum drawdown, MGGIX dropped -59.08% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (2.01 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.
Find the right allocation for MGGIX and IXN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer