MGGPX vs. BGETX

Last updated Jun 3, 2026

MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and BGETX (Baillie Gifford International Growth Fund) are both mutual funds - MGGPX is a Global Equities fund tracking the MSCI All Country World Index, while BGETX is a Foreign Large Cap Equities fund managed by Baillie Gifford Funds. Over the past 10 years, MGGPX returned 13.18%/yr vs 8.69%/yr for BGETX. Their correlation of 0.81 suggests significant overlap in exposure. MGGPX charges 1.25%/yr vs 0.60%/yr for BGETX.

Performance

MGGPX vs. BGETX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Baillie Gifford International Growth Fund (BGETX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGGPX achieves a 5.46% return, which is significantly higher than BGETX's 4.08% return. Over the past 10 years, MGGPX has outperformed BGETX with an annualized return of 13.18%, while BGETX has yielded a comparatively lower 8.69% annualized return.

MGGPX

• 1D: 1.86%
• 1M: 9.13%
• YTD: 5.46%
• 6M: -4.35%
• 1Y: -5.16%
• 3Y*: 16.05%
• 5Y*: 2.61%
• 10Y*: 13.18%

BGETX

• 1D: 0.62%
• 1M: 1.68%
• YTD: 4.08%
• 6M: 5.01%
• 1Y: 9.20%
• 3Y*: 10.35%
• 5Y*: -2.39%
• 10Y*: 8.69%

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

MGGPX vs. BGETX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	5.46%	0.77%	27.16%	49.29%	-41.77%	-0.05%	55.05%	35.03%	-5.96%	49.03%
BGETX Baillie Gifford International Growth Fund	4.08%	17.30%	7.78%	14.22%	-34.40%	-9.47%	63.22%	37.37%	-17.30%	43.17%

Correlation

The correlation between MGGPX and BGETX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.81

The correlation between MGGPX and BGETX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

MGGPX vs. BGETX — 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

BGETX

BGETX Risk / Return Rank: 6
BGETX Sharpe Ratio Rank: 6
BGETX Sortino Ratio Rank: 6
BGETX Omega Ratio Rank: 6
BGETX Calmar Ratio Rank: 6
BGETX Martin Ratio Rank: 6

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. BGETX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Baillie Gifford International Growth Fund (BGETX). 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	BGETX	Difference
Sharpe ratio Return per unit of total volatility	-0.21	0.51	-0.72
Sortino ratio Return per unit of downside risk	-0.12	0.84	-0.97
Omega ratio Gain probability vs. loss probability	0.98	1.10	-0.12
Calmar ratio Return relative to maximum drawdown	-0.16	0.64	-0.80
Martin ratio Return relative to average drawdown	-0.36	1.86	-2.22
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. BGETX - Sharpe Ratio Comparison

The current MGGPX Sharpe Ratio is -0.21, which is lower than the BGETX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of MGGPX and BGETX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGGPX	BGETX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	0.51	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	-0.09	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.36	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.36	+0.33

Drawdowns

MGGPX vs. BGETX - Drawdown Comparison

The maximum MGGPX drawdown since its inception was -51.83%, roughly equal to the maximum BGETX drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for MGGPX and BGETX.

Drawdown Indicators

	MGGPX	BGETX	Difference
Max Drawdown Largest peak-to-trough decline	-51.83%	-54.44%	+2.61%
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	-15.69%	-12.63%
Max Drawdown (3Y) Largest decline over 3 years	-28.32%	-22.59%	-5.73%
Max Drawdown (5Y) Largest decline over 5 years	-51.14%	-51.52%	+0.38%
Max Drawdown (10Y) Largest decline over 10 years	-51.83%	-54.44%	+2.61%
Current Drawdown Current decline from peak	-10.95%	-20.66%	+9.71%
Average Drawdown Average peak-to-trough decline	-9.45%	-18.97%	+9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.84%	5.41%	+7.43%

Volatility

MGGPX vs. BGETX - Volatility Comparison

Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 5.91% compared to Baillie Gifford International Growth Fund (BGETX) at 4.92%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than BGETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGGPX	BGETX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	4.92%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	19.56%	15.97%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.97%	19.93%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	25.98%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	23.99%	-0.90%

MGGPX vs. BGETX - Expense Ratio Comparison

MGGPX has a 1.25% expense ratio, which is higher than BGETX's 0.60% expense ratio.

Dividends

MGGPX vs. BGETX - Dividend Comparison

MGGPX has not paid dividends to shareholders, while BGETX's dividend yield for the trailing twelve months is around 5.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGETX Baillie Gifford International Growth Fund	5.21%	5.42%	7.29%	0.39%	0.62%	16.03%	10.22%	1.12%	10.73%	0.40%	0.00%	0.00%
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	0.00%	0.00%	9.95%	2.27%	24.31%	5.14%	1.20%	0.00%	0.82%	0.40%	7.23%	1.29%

Frequently Asked Questions

Can I hold both MGGPX and BGETX in my portfolio?

MGGPX and BGETX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGGPX or BGETX?

MGGPX has higher volatility (5.91%) compared to BGETX (4.92%). In terms of maximum drawdown, MGGPX dropped -51.83% vs BGETX's -54.44%.

Which has better risk-adjusted returns?

BGETX currently has the higher Sharpe Ratio (0.51 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.