MGGPX vs. RGGYX
MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and RGGYX (Victory RS Global Fund) are both Global Equities funds. Over the past 10 years, MGGPX returned 12.17%/yr vs 13.57%/yr for RGGYX. Their correlation of 0.81 means they have usually moved in the same direction. MGGPX charges 1.25%/yr vs 0.60%/yr for RGGYX.
Performance
MGGPX vs. RGGYX - Performance Comparison
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Returns By Period
In the year-to-date period, MGGPX achieves a -0.31% return, which is significantly lower than RGGYX's 11.07% return. Over the past 10 years, MGGPX has underperformed RGGYX with an annualized return of 12.17%, while RGGYX has yielded a comparatively higher 13.57% 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%
RGGYX
- 1D
- 2.29%
- 1M
- 0.03%
- 6M
- 7.73%
- YTD
- 11.07%
- 1Y
- 23.00%
- 3Y*
- 17.76%
- 5Y*
- 11.50%
- 10Y*
- 13.57%
- ALL TIME*
- 13.27%
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. RGGYX - 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% |
RGGYX Victory RS Global Fund | 11.07% | 17.14% | 19.94% | 26.95% | -18.80% | 22.77% | 17.27% | 30.69% | -5.14% | 24.78% |
Correlation
The correlation between MGGPX and RGGYX 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. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.81 |
The correlation between MGGPX and RGGYX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
MGGPX vs. RGGYX — Risk / Return Rank
MGGPX
RGGYX
MGGPX vs. RGGYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Victory RS Global Fund (RGGYX). 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 | RGGYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.36 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.84 | 10.01 | -10.86 |
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Drawdowns
MGGPX vs. RGGYX - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, which is greater than RGGYX's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for MGGPX and RGGYX.
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Drawdown Indicators
| MGGPX | RGGYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -31.80% | -20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -9.02% | -19.30% |
Max Drawdown (3Y)Largest decline over 3 years | -28.32% | -18.70% | -9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -51.14% | -26.78% | -24.36% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | -31.80% | -20.03% |
Current DrawdownCurrent decline from peak | -15.82% | -1.61% | -14.21% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -3.93% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 2.12% | +11.76% |
Volatility
MGGPX vs. RGGYX - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 6.75% compared to Victory RS Global Fund (RGGYX) at 4.04%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than RGGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGPX | RGGYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 4.04% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.94% | 11.08% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 13.44% | +11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 16.00% | +10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 16.74% | +6.55% |
MGGPX vs. RGGYX - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than RGGYX's 0.60% expense ratio.
Dividends
MGGPX vs. RGGYX - Dividend Comparison
MGGPX has not paid dividends to shareholders, while RGGYX's dividend yield for the trailing twelve months is around 0.92%.
| Position | 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% |
RGGYX Victory RS Global Fund | 0.92% | 1.03% | 1.16% | 1.09% | 1.29% | 3.42% | 0.82% | 1.38% | 4.84% | 8.60% | 10.38% | 3.86% |
Frequently Asked Questions
MGGPX and RGGYX 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 RGGYX (4.04%). In terms of maximum drawdown, MGGPX dropped -51.83% vs RGGYX's -31.80%.
RGGYX currently has the higher Sharpe Ratio (1.58 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.
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