MGGIX vs. SPY
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and State Street SPDR S&P 500 ETF (SPY).
MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
MGGIX vs. SPY - Performance Comparison
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MGGIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | -14.91% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MGGIX achieves a -14.91% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, MGGIX has underperformed SPY with an annualized return of 11.61%, while SPY has yielded a comparatively higher 13.98% annualized return.
MGGIX
- 1D
- 0.17%
- 1M
- -12.52%
- YTD
- -14.91%
- 6M
- -25.77%
- 1Y
- -12.12%
- 3Y*
- 11.13%
- 5Y*
- -0.39%
- 10Y*
- 11.61%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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MGGIX vs. SPY - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MGGIX vs. SPY — Risk / Return Rank
MGGIX
SPY
MGGIX vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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.
| MGGIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.52 | 0.93 | -1.45 |
Sortino ratioReturn per unit of downside risk | -0.56 | 1.45 | -2.02 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.22 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | -0.55 | 1.53 | -2.07 |
Martin ratioReturn relative to average drawdown | -1.49 | 7.30 | -8.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGGIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 0.93 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.69 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.78 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.56 | -0.09 |
Correlation
The correlation between MGGIX and SPY is 0.81, 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.
Dividends
MGGIX vs. SPY - Dividend Comparison
MGGIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MGGIX vs. SPY - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -59.08%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MGGIX and SPY.
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Drawdown Indicators
| MGGIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.08% | -55.19% | -3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -27.65% | -12.05% | -15.60% |
Max Drawdown (5Y)Largest decline over 5 years | -51.02% | -24.50% | -26.52% |
Max Drawdown (10Y)Largest decline over 10 years | -51.60% | -33.72% | -17.88% |
Current DrawdownCurrent decline from peak | -27.53% | -6.24% | -21.29% |
Average DrawdownAverage peak-to-trough decline | -11.17% | -9.09% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 2.52% | +7.66% |
Volatility
MGGIX vs. SPY - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 7.77% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 5.31% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.87% | 9.47% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.52% | 19.05% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.84% | 17.06% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 17.92% | +4.95% |