MGGPX vs. MGGIX
MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) are both Global Equities funds. Over the past 10 years, MGGPX returned 13.11%/yr vs 13.54%/yr for MGGIX. With a 1.00 correlation, they move nearly in lockstep. MGGPX charges 1.25%/yr vs 0.95%/yr for MGGIX.
Performance
MGGPX vs. MGGIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MGGPX having a 4.82% return and MGGIX slightly higher at 4.95%. Both investments have delivered pretty close results over the past 10 years, with MGGPX having a 13.11% annualized return and MGGIX not far ahead at 13.54%.
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%
MGGIX
- 1D
- -0.61%
- 1M
- 8.65%
- YTD
- 4.95%
- 6M
- -4.55%
- 1Y
- -4.53%
- 3Y*
- 16.45%
- 5Y*
- 3.29%
- 10Y*
- 13.54%
MGGPX vs. MGGIX - 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% | 49.03% |
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 4.95% | 1.86% | 27.50% | 49.70% | -41.57% | 0.22% | 55.49% | 35.44% | -5.65% | 49.45% |
Correlation
The correlation between MGGPX and MGGIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 25, 2010 | 1.00 |
The correlation between MGGPX and MGGIX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
MGGPX vs. MGGIX — Risk / Return Rank
MGGPX
MGGIX
MGGPX vs. MGGIX - 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 Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). 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 | MGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.98 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.17 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.45 | -0.38 | -0.06 |
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 | MGGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.22 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.13 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.53 | +0.15 |
Drawdowns
MGGPX vs. MGGIX - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, smaller than the maximum MGGIX drawdown of -59.08%. Use the drawdown chart below to compare losses from any high point for MGGPX and MGGIX.
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Drawdown Indicators
| MGGPX | MGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -59.08% | +7.25% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -27.65% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -28.32% | -27.65% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -51.14% | -51.02% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | -51.60% | -0.23% |
Current DrawdownCurrent decline from peak | -11.49% | -10.61% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -11.23% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.86% | 12.36% | +0.50% |
Volatility
MGGPX vs. MGGIX - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) have volatilities of 6.00% and 5.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGPX | MGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.98% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.55% | 19.04% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 21.55% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.08% | 26.01% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 23.05% | +0.04% |
MGGPX vs. MGGIX - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than MGGIX's 0.95% expense ratio.
Dividends
MGGPX vs. MGGIX - Dividend Comparison
Neither MGGPX nor MGGIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio | 0.00% | 0.00% | 9.27% | 2.13% | 22.94% | 4.92% | 1.16% | 0.00% | 0.79% | 0.39% | 7.04% | 1.26% |
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
With a correlation of 1.00, MGGPX and MGGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MGGPX has higher volatility (6.00%) compared to MGGIX (5.98%). In terms of maximum drawdown, MGGPX dropped -51.83% vs MGGIX's -59.08%.
MGGIX currently has the higher Sharpe Ratio (-0.22 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.
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