MGGPX vs. RTXAX
MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and RTXAX (Russell Investment Tax-Managed Real Assets Fund) are both Global Equities funds. Over the past 5 years, MGGPX returned 1.78%/yr vs 6.56%/yr for RTXAX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. MGGPX charges 1.25%/yr vs 1.33%/yr for RTXAX.
Performance
MGGPX vs. RTXAX - Performance Comparison
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Returns By Period
In the year-to-date period, MGGPX achieves a 1.62% return, which is significantly lower than RTXAX's 16.89% return.
MGGPX
- 1D
- 0.79%
- 1M
- -2.29%
- 6M
- 4.19%
- YTD
- 1.62%
- 1Y
- -9.41%
- 3Y*
- 12.80%
- 5Y*
- 1.78%
- 10Y*
- 12.37%
- ALL TIME*
- 14.03%
RTXAX
- 1D
- -0.19%
- 1M
- 1.43%
- 6M
- 8.58%
- YTD
- 16.89%
- 1Y
- 26.26%
- 3Y*
- 11.96%
- 5Y*
- 6.56%
- 10Y*
- —
- ALL TIME*
- 8.44%
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. RTXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MGGPX Morgan Stanley Global Opportunity Portfolio Class A | 1.62% | 0.77% | 27.16% | 49.29% | -41.77% | -0.05% | 55.05% | 10.20% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 16.89% | 13.56% | 1.50% | 7.40% | -11.66% | 26.57% | 3.73% | 6.17% |
Correlation
The correlation between MGGPX and RTXAX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.56 |
Over the past year, the correlation between MGGPX and RTXAX has dropped to 0.29 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
MGGPX vs. RTXAX — Risk / Return Rank
MGGPX
RTXAX
MGGPX vs. RTXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Russell Investment Tax-Managed Real Assets Fund (RTXAX). 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 | RTXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.44 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 5.30 | -5.58 |
| Martin ratioReturn relative to average drawdown | -0.57 | 18.91 | -19.48 |
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Drawdowns
MGGPX vs. RTXAX - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, which is greater than RTXAX's maximum drawdown of -40.68%. Use the drawdown chart below to compare losses from any high point for MGGPX and RTXAX.
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Drawdown Indicators
| MGGPX | RTXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -40.68% | -11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -5.21% | -23.11% |
Max Drawdown (3Y)Largest decline over 3 years | -28.32% | -17.13% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -51.14% | -24.63% | -26.51% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | — | — |
Current DrawdownCurrent decline from peak | -14.20% | -1.39% | -12.81% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -7.64% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.94% | 1.46% | +12.48% |
Volatility
MGGPX vs. RTXAX - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 6.84% compared to Russell Investment Tax-Managed Real Assets Fund (RTXAX) at 2.21%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than RTXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGPX | RTXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 2.21% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 8.19% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 10.77% | +13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 15.75% | +10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 19.89% | +3.41% |
MGGPX vs. RTXAX - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is lower than RTXAX's 1.33% expense ratio.
Dividends
MGGPX vs. RTXAX - Dividend Comparison
MGGPX has not paid dividends to shareholders, while RTXAX's dividend yield for the trailing twelve months is around 2.45%.
| 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% |
RTXAX Russell Investment Tax-Managed Real Assets Fund | 2.45% | 2.86% | 2.05% | 1.98% | 3.11% | 1.74% | 1.71% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MGGPX and RTXAX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGGPX has higher volatility (6.84%) compared to RTXAX (2.21%). In terms of maximum drawdown, MGGPX dropped -51.83% vs RTXAX's -40.68%.
RTXAX currently has the higher Sharpe Ratio (2.57 vs -0.32), 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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