MGGIX vs. LVAFX
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) and LVAFX (LSV Global Managed Volatility Fund) are both Global Equities funds. Over the past 10 years, MGGIX returned 12.60%/yr vs 8.15%/yr for LVAFX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. MGGIX charges 0.95%/yr vs 1.00%/yr for LVAFX.
Performance
MGGIX vs. LVAFX - 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 LVAFX's 17.34% return. Over the past 10 years, MGGIX has outperformed LVAFX with an annualized return of 12.60%, while LVAFX has yielded a comparatively lower 8.15% 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%
LVAFX
- 1D
- 0.31%
- 1M
- 5.72%
- 6M
- 12.90%
- YTD
- 17.34%
- 1Y
- 29.64%
- 3Y*
- 14.26%
- 5Y*
- 9.25%
- 10Y*
- 8.15%
- ALL TIME*
- 7.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGGIX vs. LVAFX - 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% |
LVAFX LSV Global Managed Volatility Fund | 17.34% | 22.33% | 0.10% | 9.81% | -4.04% | 17.36% | -5.16% | 17.54% | -6.47% | 18.68% |
Correlation
The correlation between MGGIX and LVAFX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.59 |
The correlation between MGGIX and LVAFX shifts across timeframes, from 0.42 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MGGIX vs. LVAFX — Risk / Return Rank
MGGIX
LVAFX
MGGIX vs. LVAFX - 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 LSV Global Managed Volatility Fund (LVAFX). 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 | LVAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.85 | ||
| Sortino ratioReturn per unit of downside risk | -5.44 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.64 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 5.01 | -5.40 |
| Martin ratioReturn relative to average drawdown | -0.81 | 17.92 | -18.73 |
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Drawdowns
MGGIX vs. LVAFX - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, which is greater than LVAFX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for MGGIX and LVAFX.
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Drawdown Indicators
| MGGIX | LVAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -33.69% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -5.76% | -21.89% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -17.52% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -18.34% | -32.68% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -33.69% | -17.91% |
Current DrawdownCurrent decline from peak | -14.93% | 0.00% | -14.93% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -4.71% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 1.61% | +11.68% |
Volatility
MGGIX vs. LVAFX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 6.76% compared to LSV Global Managed Volatility Fund (LVAFX) at 1.99%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than LVAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | LVAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 1.99% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 6.55% | +12.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 8.51% | +15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 13.24% | +13.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 13.53% | +9.71% |
MGGIX vs. LVAFX - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is lower than LVAFX's 1.00% expense ratio.
Dividends
MGGIX vs. LVAFX - Dividend Comparison
MGGIX has not paid dividends to shareholders, while LVAFX's dividend yield for the trailing twelve months is around 8.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVAFX LSV Global Managed Volatility Fund | 8.67% | 10.17% | 2.71% | 15.64% | 2.90% | 2.90% | 2.14% | 7.62% | 3.59% | 7.10% | 1.66% | 1.74% |
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 LVAFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGGIX has higher volatility (6.76%) compared to LVAFX (1.99%). In terms of maximum drawdown, MGGIX dropped -59.08% vs LVAFX's -33.69%.
LVAFX currently has the higher Sharpe Ratio (3.40 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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