MGGIX vs. SPGM
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM).
MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008. SPGM is a passively managed fund by State Street that tracks the performance of the MSCI AC World IMI. It was launched on Feb 27, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGIX or SPGM.
Key characteristics
| MGGIX | SPGM | |
|---|---|---|
| YTD Return | 28.72% | 19.63% |
| 1Y Return | 39.88% | 31.01% |
| 3Y Return (Ann) | -7.74% | 6.14% |
| 5Y Return (Ann) | 6.87% | 11.80% |
| 10Y Return (Ann) | 9.92% | 9.76% |
| Sharpe Ratio | 2.53 | 2.73 |
| Sortino Ratio | 3.38 | 3.70 |
| Omega Ratio | 1.44 | 1.50 |
| Calmar Ratio | 0.93 | 3.48 |
| Martin Ratio | 16.50 | 17.57 |
| Ulcer Index | 2.53% | 1.85% |
| Daily Std Dev | 16.51% | 11.88% |
| Max Drawdown | -59.75% | -33.96% |
| Current Drawdown | -22.70% | -0.17% |
Correlation
The correlation between MGGIX and SPGM is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MGGIX vs. SPGM - Performance Comparison
In the year-to-date period, MGGIX achieves a 28.72% return, which is significantly higher than SPGM's 19.63% return. Both investments have delivered pretty close results over the past 10 years, with MGGIX having a 9.92% annualized return and SPGM not far behind at 9.76%. 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. SPGM - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than SPGM's 0.09% expense ratio.
Risk-Adjusted Performance
MGGIX vs. SPGM - 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 SPDR Portfolio MSCI Global Stock Market ETF (SPGM). 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. SPGM - Dividend Comparison
MGGIX has not paid dividends to shareholders, while SPGM's dividend yield for the trailing twelve months is around 1.70%.
| 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% |
SPGM SPDR Portfolio MSCI Global Stock Market ETF | 1.70% | 2.09% | 2.37% | 1.94% | 1.45% | 2.46% | 1.89% | 2.29% | 1.87% | 3.70% | 2.18% | 1.74% |
Drawdowns
MGGIX vs. SPGM - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.75%, which is greater than SPGM's maximum drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for MGGIX and SPGM. For additional features, visit the drawdowns tool.
Volatility
MGGIX vs. SPGM - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 4.23% compared to SPDR Portfolio MSCI Global Stock Market ETF (SPGM) at 3.17%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than SPGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.