MGGIX vs. VOO
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) and Vanguard S&P 500 ETF (VOO).
MGGIX is managed by T. Rowe Price. It was launched on May 29, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGIX or VOO.
Key characteristics
| MGGIX | VOO | |
|---|---|---|
| YTD Return | 17.04% | 19.06% |
| 1Y Return | 28.70% | 26.65% |
| 3Y Return (Ann) | -0.63% | 9.85% |
| 5Y Return (Ann) | 11.82% | 15.18% |
| 10Y Return (Ann) | 13.83% | 12.95% |
| Sharpe Ratio | 1.61 | 2.18 |
| Daily Std Dev | 18.03% | 12.72% |
| Max Drawdown | -51.60% | -33.99% |
| Current Drawdown | -7.50% | -0.48% |
Correlation
The correlation between MGGIX and VOO is 0.79, 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. VOO - Performance Comparison
In the year-to-date period, MGGIX achieves a 17.04% return, which is significantly lower than VOO's 19.06% return. Over the past 10 years, MGGIX has outperformed VOO with an annualized return of 13.83%, while VOO has yielded a comparatively lower 12.95% 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. VOO - Expense Ratio Comparison
MGGIX has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MGGIX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MGGIX's dividend yield for the trailing twelve months is around 1.82%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 1.82% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% | 6.20% | 10.15% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
MGGIX vs. VOO - Drawdown Comparison
The maximum MGGIX drawdown since its inception was -51.60%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MGGIX and VOO. For additional features, visit the drawdowns tool.
Volatility
MGGIX vs. VOO - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a higher volatility of 5.08% compared to Vanguard S&P 500 ETF (VOO) at 4.25%. This indicates that MGGIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.