MGGIX vs. PRCOX
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) and PRCOX (T. Rowe Price U.S. Equity Research Fund) are both mutual funds - MGGIX is a Global Equities fund managed by T. Rowe Price, while PRCOX is a Large Cap Blend Equities fund actively managed by T. Rowe Price. Over the past 10 years, MGGIX returned 12.60%/yr vs 15.49%/yr for PRCOX. Their correlation of 0.81 means they have usually moved in the same direction. MGGIX charges 0.95%/yr vs 0.42%/yr for PRCOX.
Performance
MGGIX vs. PRCOX - 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 PRCOX's 9.19% return. Over the past 10 years, MGGIX has underperformed PRCOX with an annualized return of 12.60%, while PRCOX has yielded a comparatively higher 15.49% 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%
PRCOX
- 1D
- 1.65%
- 1M
- -0.98%
- 6M
- 7.45%
- YTD
- 9.19%
- 1Y
- 19.80%
- 3Y*
- 19.25%
- 5Y*
- 13.05%
- 10Y*
- 15.49%
- ALL TIME*
- 10.53%
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. PRCOX - 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% |
PRCOX T. Rowe Price U.S. Equity Research Fund | 9.19% | 16.34% | 26.41% | 29.82% | -18.80% | 28.06% | 19.82% | 33.04% | -4.73% | 23.80% |
Correlation
The correlation between MGGIX and PRCOX 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. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.81 |
The correlation between MGGIX and PRCOX 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. PRCOX — Risk / Return Rank
MGGIX
PRCOX
MGGIX vs. PRCOX - 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 T. Rowe Price U.S. Equity Research Fund (PRCOX). 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 | PRCOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.24 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.90 | -2.29 |
| Martin ratioReturn relative to average drawdown | -0.81 | 8.13 | -8.94 |
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Drawdowns
MGGIX vs. PRCOX - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, which is greater than PRCOX's maximum drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for MGGIX and PRCOX.
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Drawdown Indicators
| MGGIX | PRCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -53.96% | -5.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -9.32% | -18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -19.39% | -8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -24.94% | -26.08% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -34.42% | -17.18% |
Current DrawdownCurrent decline from peak | -14.93% | -2.57% | -12.36% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -9.14% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 2.17% | +11.12% |
Volatility
MGGIX vs. PRCOX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 6.76% compared to T. Rowe Price U.S. Equity Research Fund (PRCOX) at 3.61%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than PRCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | PRCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 3.61% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 10.65% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 13.10% | +11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 17.48% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 18.36% | +4.88% |
MGGIX vs. PRCOX - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than PRCOX's 0.42% expense ratio.
Dividends
MGGIX vs. PRCOX - Dividend Comparison
MGGIX has not paid dividends to shareholders, while PRCOX's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRCOX T. Rowe Price U.S. Equity Research Fund | 1.07% | 1.17% | 0.64% | 1.17% | 1.28% | 3.71% | 1.04% | 1.39% | 5.60% | 7.02% | 7.28% | 8.76% |
Frequently Asked Questions
MGGIX and PRCOX 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.
MGGIX has higher volatility (6.76%) compared to PRCOX (3.61%). In terms of maximum drawdown, MGGIX dropped -59.08% vs PRCOX's -53.96%.
PRCOX currently has the higher Sharpe Ratio (1.35 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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