MGGPX vs. VTI
Compare and contrast key facts about Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Vanguard Total Stock Market ETF (VTI).
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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both MGGPX and VTI 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 VTI.
Key characteristics
| MGGPX | VTI | |
|---|---|---|
| YTD Return | 17.99% | 18.04% |
| 1Y Return | 31.48% | 27.69% |
| 3Y Return (Ann) | -0.72% | 8.35% |
| 5Y Return (Ann) | 11.74% | 14.49% |
| 10Y Return (Ann) | 13.40% | 12.32% |
| Sharpe Ratio | 1.71 | 2.13 |
| Daily Std Dev | 18.03% | 12.99% |
| Max Drawdown | -51.83% | -55.45% |
| Current Drawdown | -7.55% | -0.38% |
Correlation
The correlation between MGGPX and VTI is 0.81, 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. VTI - Performance Comparison
The year-to-date returns for both investments are quite close, with MGGPX having a 17.99% return and VTI slightly higher at 18.04%. Over the past 10 years, MGGPX has outperformed VTI with an annualized return of 13.40%, while VTI has yielded a comparatively lower 12.32% 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. VTI - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
MGGPX vs. VTI - 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 Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
MGGPX's dividend yield for the trailing twelve months is around 1.92%, more than VTI's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGPX Morgan Stanley Global Opportunity Portfolio Class A | 1.92% | 2.27% | 24.31% | 5.14% | 1.20% | 0.00% | 0.82% | 0.40% | 7.23% | 1.29% | 6.31% | 10.27% |
VTI Vanguard Total Stock Market ETF | 1.32% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
MGGPX vs. VTI - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for MGGPX and VTI. For additional features, visit the drawdowns tool.
Volatility
MGGPX vs. VTI - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 4.79% compared to Vanguard Total Stock Market ETF (VTI) at 4.08%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.