MGGPX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and S&P 500 Index (^GSPC).

MGGPX is a passively managed fund by Morgan Stanley that tracks the performance of the MSCI All Country World Index. It was launched on May 24, 2010.

Performance

MGGPX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MGGPX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	-11.72%	0.77%	27.16%	49.29%	-41.77%	-0.05%	55.05%	35.03%	-5.96%	49.03%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, MGGPX achieves a -11.72% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, MGGPX has underperformed ^GSPC with an annualized return of 11.61%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

MGGPX

• 1D: 3.84%
• 1M: -8.60%
• YTD: -11.72%
• 6M: -23.37%
• 1Y: -10.07%
• 3Y*: 11.90%
• 5Y*: -0.55%
• 10Y*: 11.61%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MGGPX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGGPX

MGGPX Risk / Return Rank: 2
MGGPX Sharpe Ratio Rank: 2
MGGPX Sortino Ratio Rank: 2
MGGPX Omega Ratio Rank: 2
MGGPX Calmar Ratio Rank: 2
MGGPX Martin Ratio Rank: 2

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGGPX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and S&P 500 Index (^GSPC). 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.

	MGGPX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.39	0.92	-1.31
Sortino ratio Return per unit of downside risk	-0.37	1.41	-1.78
Omega ratio Gain probability vs. loss probability	0.94	1.21	-0.27
Calmar ratio Return relative to maximum drawdown	-0.46	1.41	-1.87
Martin ratio Return relative to average drawdown	-1.22	6.61	-7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGGPX vs. ^GSPC - Sharpe Ratio Comparison

The current MGGPX Sharpe Ratio is -0.39, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of MGGPX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MGGPX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	0.92	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.61	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.68	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.46	+0.17

Correlation

The correlation between MGGPX and ^GSPC is 0.80, 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.

Drawdowns

MGGPX vs. ^GSPC - Drawdown Comparison

The maximum MGGPX drawdown since its inception was -51.83%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MGGPX and ^GSPC.

Drawdown Indicators

	MGGPX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-51.83%	-56.78%	+4.95%
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	-12.14%	-16.18%
Max Drawdown (5Y) Largest decline over 5 years	-51.14%	-25.43%	-25.71%
Max Drawdown (10Y) Largest decline over 10 years	-51.83%	-33.92%	-17.91%
Current Drawdown Current decline from peak	-25.46%	-5.78%	-19.68%
Average Drawdown Average peak-to-trough decline	-9.36%	-10.75%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.61%	2.60%	+8.01%

Volatility

MGGPX vs. ^GSPC - Volatility Comparison

Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 8.93% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGGPX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	5.37%	+3.56%
Volatility (6M) Calculated over the trailing 6-month period	18.84%	9.55%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	25.14%	18.33%	+6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.97%	16.90%	+9.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.95%	18.05%	+4.90%