MGGPX vs. FXAIX
MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - MGGPX is a Global Equities fund tracking the MSCI All Country World Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MGGPX returned 12.17%/yr vs 15.00%/yr for FXAIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. MGGPX charges 1.25%/yr vs 0.02%/yr for FXAIX.
Performance
MGGPX vs. FXAIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGGPX achieves a -0.31% return, which is significantly lower than FXAIX's 9.35% return. Over the past 10 years, MGGPX has underperformed FXAIX with an annualized return of 12.17%, while FXAIX has yielded a comparatively higher 15.00% annualized return.
MGGPX
- 1D
- 2.61%
- 1M
- -4.14%
- 6M
- 0.74%
- YTD
- -0.31%
- 1Y
- -9.63%
- 3Y*
- 10.55%
- 5Y*
- 1.41%
- 10Y*
- 12.17%
- ALL TIME*
- 13.90%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGGPX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGGPX Morgan Stanley Global Opportunity Portfolio Class A | -0.31% | 0.77% | 27.16% | 49.29% | -41.77% | -0.05% | 55.05% | 35.03% | -5.96% | 49.03% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between MGGPX and FXAIX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.80 |
The correlation between MGGPX and FXAIX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGGPX vs. FXAIX — Risk / Return Rank
MGGPX
FXAIX
MGGPX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Fidelity 500 Index Fund (FXAIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGGPX | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.26 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.06 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.84 | 8.86 | -9.71 |
Loading charts...
Drawdowns
MGGPX vs. FXAIX - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MGGPX and FXAIX.
Loading charts...
Drawdown Indicators
| MGGPX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -33.79% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -8.89% | -19.43% |
Max Drawdown (3Y)Largest decline over 3 years | -28.32% | -18.76% | -9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -51.14% | -24.50% | -26.64% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | -33.79% | -18.04% |
Current DrawdownCurrent decline from peak | -15.82% | -2.11% | -13.71% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -3.77% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 2.07% | +11.81% |
Volatility
MGGPX vs. FXAIX - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 6.75% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGGPX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 3.44% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.94% | 10.09% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 12.86% | +11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 17.03% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 18.07% | +5.22% |
MGGPX vs. FXAIX - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
MGGPX vs. FXAIX - Dividend Comparison
MGGPX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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
MGGPX and FXAIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGGPX has higher volatility (6.75%) compared to FXAIX (3.44%). In terms of maximum drawdown, MGGPX dropped -51.83% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 vs -0.48), 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.
Find the right allocation for MGGPX and FXAIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer