MGGPX vs. GMGEX
Compare and contrast key facts about Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and GMO Global Equity Allocation Fund (GMGEX).
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. GMGEX is managed by GMO. It was launched on Nov 25, 1996.
Performance
MGGPX vs. GMGEX - Performance Comparison
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MGGPX vs. GMGEX - 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% |
GMGEX GMO Global Equity Allocation Fund | 3.72% | 29.14% | 4.12% | 22.27% | -17.07% | 14.99% | 9.55% | 25.45% | -13.04% | 26.39% |
Returns By Period
In the year-to-date period, MGGPX achieves a -11.72% return, which is significantly lower than GMGEX's 3.72% return. Over the past 10 years, MGGPX has outperformed GMGEX with an annualized return of 11.61%, while GMGEX has yielded a comparatively lower 9.93% 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%
GMGEX
- 1D
- 2.68%
- 1M
- -5.76%
- YTD
- 3.72%
- 6M
- 10.13%
- 1Y
- 30.15%
- 3Y*
- 16.98%
- 5Y*
- 8.06%
- 10Y*
- 9.93%
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MGGPX vs. GMGEX - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than GMGEX's 0.01% expense ratio.
Return for Risk
MGGPX vs. GMGEX — Risk / Return Rank
MGGPX
GMGEX
MGGPX vs. GMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and GMO Global Equity Allocation Fund (GMGEX). 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 | GMGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.39 | 1.94 | -2.33 |
Sortino ratioReturn per unit of downside risk | -0.37 | 2.63 | -3.00 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.39 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 2.59 | -3.04 |
Martin ratioReturn relative to average drawdown | -1.22 | 11.30 | -12.51 |
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
| MGGPX | GMGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 1.94 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.55 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.62 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.22 | +0.41 |
Correlation
The correlation between MGGPX and GMGEX is 0.76, 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
MGGPX vs. GMGEX - Dividend Comparison
MGGPX has not paid dividends to shareholders, while GMGEX's dividend yield for the trailing twelve months is around 4.52%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GMGEX GMO Global Equity Allocation Fund | 4.52% | 4.69% | 0.29% | 5.62% | 7.81% | 7.76% | 3.83% | 3.14% | 3.14% | 2.90% | 3.71% | 4.20% |
Drawdowns
MGGPX vs. GMGEX - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, smaller than the maximum GMGEX drawdown of -58.47%. Use the drawdown chart below to compare losses from any high point for MGGPX and GMGEX.
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Drawdown Indicators
| MGGPX | GMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -58.47% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -11.62% | -16.70% |
Max Drawdown (5Y)Largest decline over 5 years | -51.14% | -28.58% | -22.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | -34.98% | -16.85% |
Current DrawdownCurrent decline from peak | -25.46% | -6.81% | -18.65% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -16.84% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.61% | 2.66% | +7.95% |
Volatility
MGGPX vs. GMGEX - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 8.93% compared to GMO Global Equity Allocation Fund (GMGEX) at 6.09%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than GMGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGPX | GMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 6.09% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 18.84% | 9.78% | +9.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.14% | 15.72% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.97% | 14.74% | +11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 16.02% | +6.93% |