MGGIX vs. SCHF
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Schwab International Equity ETF (SCHF).
MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008. SCHF is a passively managed fund by Charles Schwab that tracks the performance of the FTSE Developed ex U.S. Index. It was launched on Nov 3, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGIX or SCHF.
Key characteristics
| MGGIX | SCHF | |
|---|---|---|
| YTD Return | 27.24% | 6.84% |
| 1Y Return | 40.12% | 18.76% |
| 3Y Return (Ann) | -8.02% | 1.98% |
| 5Y Return (Ann) | 6.65% | 6.94% |
| 10Y Return (Ann) | 9.95% | 6.38% |
| Sharpe Ratio | 2.41 | 1.46 |
| Sortino Ratio | 3.24 | 2.06 |
| Omega Ratio | 1.42 | 1.26 |
| Calmar Ratio | 0.87 | 1.63 |
| Martin Ratio | 15.69 | 7.98 |
| Ulcer Index | 2.53% | 2.34% |
| Daily Std Dev | 16.49% | 12.84% |
| Max Drawdown | -59.75% | -34.64% |
| Current Drawdown | -23.59% | -5.85% |
Correlation
The correlation between MGGIX and SCHF is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MGGIX vs. SCHF - Performance Comparison
In the year-to-date period, MGGIX achieves a 27.24% return, which is significantly higher than SCHF's 6.84% return. Over the past 10 years, MGGIX has outperformed SCHF with an annualized return of 9.95%, while SCHF has yielded a comparatively lower 6.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGGIX vs. SCHF - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than SCHF's 0.06% expense ratio.
Risk-Adjusted Performance
MGGIX vs. SCHF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Schwab International Equity ETF (SCHF). 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.
Dividends
MGGIX vs. SCHF - Dividend Comparison
MGGIX has not paid dividends to shareholders, while SCHF's dividend yield for the trailing twelve months is around 2.73%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHF Schwab International Equity ETF | 2.73% | 4.03% | 2.80% | 6.39% | 3.50% | 5.89% | 6.12% | 2.35% | 5.15% | 4.51% | 2.90% | 2.21% |
Drawdowns
MGGIX vs. SCHF - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.75%, which is greater than SCHF's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for MGGIX and SCHF. For additional features, visit the drawdowns tool.
Volatility
MGGIX vs. SCHF - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 4.30% compared to Schwab International Equity ETF (SCHF) at 3.84%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.