MGGIX vs. PRMTX
MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) and PRMTX (T. Rowe Price Communications & Technology Fund) are both mutual funds - MGGIX is a Global Equities fund managed by T. Rowe Price, while PRMTX is a Communications Equities fund tracking the MSCI World IMI Communication Services 10/40 Index. Over the past 10 years, MGGIX returned 12.60%/yr vs 13.94%/yr for PRMTX. Their correlation of 0.88 means they have usually moved in the same direction. MGGIX charges 0.95%/yr vs 0.77%/yr for PRMTX.
Performance
MGGIX vs. PRMTX - Performance Comparison
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Returns By Period
In the year-to-date period, MGGIX achieves a -0.11% return, which is significantly higher than PRMTX's -5.92% return. Over the past 10 years, MGGIX has underperformed PRMTX with an annualized return of 12.60%, while PRMTX has yielded a comparatively higher 13.94% 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%
PRMTX
- 1D
- 0.85%
- 1M
- -5.00%
- 6M
- -4.16%
- YTD
- -5.92%
- 1Y
- -6.58%
- 3Y*
- 17.24%
- 5Y*
- 3.71%
- 10Y*
- 13.94%
- ALL TIME*
- 14.50%
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. PRMTX - 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% |
PRMTX T. Rowe Price Communications & Technology Fund | -5.92% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
Correlation
The correlation between MGGIX and PRMTX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.88 |
The correlation between MGGIX and PRMTX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
MGGIX vs. PRMTX — Risk / Return Rank
MGGIX
PRMTX
MGGIX vs. PRMTX - 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 Communications & Technology Fund (PRMTX). 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 | PRMTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.94 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.43 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.81 | -0.92 | +0.11 |
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Drawdowns
MGGIX vs. PRMTX - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, smaller than the maximum PRMTX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for MGGIX and PRMTX.
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Drawdown Indicators
| MGGIX | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -66.30% | +7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -17.29% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -27.65% | -20.69% | -6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -47.17% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -47.17% | -4.43% |
Current DrawdownCurrent decline from peak | -14.93% | -13.34% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -13.92% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 8.03% | +5.26% |
Volatility
MGGIX vs. PRMTX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 6.76% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 5.73%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 5.73% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 13.46% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 16.16% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 21.79% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 20.99% | +2.25% |
MGGIX vs. PRMTX - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than PRMTX's 0.77% expense ratio.
Dividends
MGGIX vs. PRMTX - Dividend Comparison
MGGIX has not paid dividends to shareholders, while PRMTX's dividend yield for the trailing twelve months is around 26.81%.
| 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% |
PRMTX T. Rowe Price Communications & Technology Fund | 26.81% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
Frequently Asked Questions
MGGIX and PRMTX have a correlation of 0.84, 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 PRMTX (5.73%). In terms of maximum drawdown, MGGIX dropped -59.08% vs PRMTX's -66.30%.
MGGIX currently has the higher Sharpe Ratio (-0.44 vs -0.46), 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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