MGGPX vs. VOO
Compare and contrast key facts about Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Vanguard S&P 500 ETF (VOO).
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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both MGGPX and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGPX or VOO.
Key characteristics
| MGGPX | VOO | |
|---|---|---|
| YTD Return | 29.60% | 26.94% |
| 1Y Return | 36.47% | 35.06% |
| 3Y Return (Ann) | -8.15% | 10.23% |
| 5Y Return (Ann) | 6.24% | 15.77% |
| 10Y Return (Ann) | 9.47% | 13.41% |
| Sharpe Ratio | 2.43 | 3.08 |
| Sortino Ratio | 3.26 | 4.09 |
| Omega Ratio | 1.42 | 1.58 |
| Calmar Ratio | 0.90 | 4.46 |
| Martin Ratio | 15.71 | 20.36 |
| Ulcer Index | 2.55% | 1.85% |
| Daily Std Dev | 16.47% | 12.23% |
| Max Drawdown | -60.49% | -33.99% |
| Current Drawdown | -23.95% | -0.25% |
Correlation
The correlation between MGGPX and VOO is 0.79, 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.
Performance
MGGPX vs. VOO - Performance Comparison
In the year-to-date period, MGGPX achieves a 29.60% return, which is significantly higher than VOO's 26.94% return. Over the past 10 years, MGGPX has underperformed VOO with an annualized return of 9.47%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGGPX vs. VOO - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MGGPX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
MGGPX vs. VOO - Dividend Comparison
MGGPX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGPX Morgan Stanley Global Opportunity Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
MGGPX vs. VOO - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -60.49%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MGGPX and VOO. For additional features, visit the drawdowns tool.
Volatility
MGGPX vs. VOO - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.69% and 3.78%, 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.