MGGPX vs. MEGIX

Last updated Jun 4, 2026

MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and MEGIX (Morgan Stanley Growth Portfolio) are both mutual funds - MGGPX is a Global Equities fund tracking the MSCI All Country World Index, while MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 5 years, MGGPX returned 2.83%/yr vs 2.96%/yr for MEGIX. Their correlation of 0.83 suggests significant overlap in exposure. MGGPX charges 1.25%/yr vs 0.57%/yr for MEGIX.

Performance

MGGPX vs. MEGIX - Performance Comparison

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

Returns By Period

In the year-to-date period, MGGPX achieves a 4.82% return, which is significantly higher than MEGIX's -1.13% return.

MGGPX

• 1D: -0.61%
• 1M: 8.64%
• YTD: 4.82%
• 6M: -5.43%
• 1Y: -5.56%
• 3Y*: 15.82%
• 5Y*: 2.83%
• 10Y*: 13.11%

MEGIX

• 1D: -1.57%
• 1M: 4.37%
• YTD: -1.13%
• 6M: -3.24%
• 1Y: 8.29%
• 3Y*: 32.57%
• 5Y*: 2.96%
• 10Y*: —

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

MGGPX vs. MEGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	4.82%	0.77%	27.16%	49.29%	-41.77%	-0.05%	55.05%	35.03%	-5.96%	40.51%
MEGIX Morgan Stanley Growth Portfolio	-1.13%	35.72%	46.59%	48.66%	-60.94%	-0.20%	117.49%	31.82%	7.73%	19.35%

Correlation

The correlation between MGGPX and MEGIX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.83

The correlation between MGGPX and MEGIX shifts across timeframes, from 0.74 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MGGPX vs. MEGIX — 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

MEGIX

MEGIX Risk / Return Rank: 4
MEGIX Sharpe Ratio Rank: 4
MEGIX Sortino Ratio Rank: 5
MEGIX Omega Ratio Rank: 5
MEGIX Calmar Ratio Rank: 4
MEGIX Martin Ratio Rank: 4

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. MEGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Morgan Stanley Growth Portfolio (MEGIX). 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	MEGIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	0.32	-0.58
Sortino ratio: Return per unit of downside risk	-0.20	0.63	-0.83
Omega ratio: Gain probability vs. loss probability	0.97	1.07	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.20	0.32	-0.52
Martin ratio: Return relative to average drawdown	-0.45	0.69	-1.14
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. MEGIX - Sharpe Ratio Comparison

The current MGGPX Sharpe Ratio is -0.26, which is lower than the MEGIX Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of MGGPX and MEGIX, 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	MEGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	0.32	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.07	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.48	+0.20

Drawdowns

MGGPX vs. MEGIX - Drawdown Comparison

The maximum MGGPX drawdown since its inception was -51.83%, smaller than the maximum MEGIX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for MGGPX and MEGIX.

Drawdown Indicators

	MGGPX	MEGIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.83%	-69.99%	+18.16%
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	-28.03%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-28.32%	-32.12%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-51.14%	-69.99%	+18.85%
Max Drawdown (10Y) Largest decline over 10 years	-51.83%	—	—
Current Drawdown Current decline from peak	-11.49%	-11.94%	+0.45%
Average Drawdown Average peak-to-trough decline	-9.45%	-23.05%	+13.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.86%	12.99%	-0.13%

Volatility

MGGPX vs. MEGIX - Volatility Comparison

The current volatility for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) is 6.00%, while Morgan Stanley Growth Portfolio (MEGIX) has a volatility of 8.29%. This indicates that MGGPX experiences smaller price fluctuations and is considered to be less risky than MEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGGPX	MEGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	8.29%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	19.55%	21.65%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	28.17%	-6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	39.80%	-13.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	34.70%	-11.61%

MGGPX vs. MEGIX - Expense Ratio Comparison

MGGPX has a 1.25% expense ratio, which is higher than MEGIX's 0.57% expense ratio.

Dividends

MGGPX vs. MEGIX - Dividend Comparison

Neither MGGPX nor MEGIX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEGIX Morgan Stanley Growth Portfolio	0.00%	0.00%	0.00%	0.00%	163.32%	34.82%	7.97%	5.35%	24.32%	0.00%	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 MEGIX in my portfolio?

MGGPX and MEGIX have a correlation of 0.74, 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 MEGIX?

MEGIX has higher volatility (8.29%) compared to MGGPX (6.00%). In terms of maximum drawdown, MGGPX dropped -51.83% vs MEGIX's -69.99%.

Which has better risk-adjusted returns?

MEGIX currently has the higher Sharpe Ratio (0.32 vs -0.26), 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.