MGGPX vs. VTI

Last updated Aug 5, 2026

MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and VTI (Vanguard Total Stock Market ETF) are both funds - MGGPX is a Global Equities fund tracking the MSCI All Country World Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, MGGPX returned 12.37%/yr vs 14.87%/yr for VTI. Their correlation of 0.81 means they have usually moved in the same direction. MGGPX charges 1.25%/yr vs 0.03%/yr for VTI.

Performance

MGGPX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGGPX achieves a 1.62% return, which is significantly lower than VTI's 14.27% return. Over the past 10 years, MGGPX has underperformed VTI with an annualized return of 12.37%, while VTI has yielded a comparatively higher 14.87% annualized 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%

VTI

• 1D: 1.87%
• 1M: 3.27%
• 6M: 12.73%
• YTD: 14.27%
• 1Y: 24.07%
• 3Y*: 21.13%
• 5Y*: 12.31%
• 10Y*: 14.87%
• ALL TIME*: 9.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	$0.00	$0.00	$0.00
VTI Vanguard Total Stock Market ETF	$1.13B	$1.17B	$1.24B

MGGPX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	1.62%	0.77%	27.16%	49.29%	-41.77%	-0.05%	55.05%	35.03%	-5.96%	49.03%
VTI Vanguard Total Stock Market ETF	14.27%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between MGGPX and VTI is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since May 24, 2010	0.81

The correlation between MGGPX and VTI has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

MGGPX vs. VTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MGGPX

MGGPX Risk / Return Rank: 2
MGGPX Sharpe Ratio Rank: 2
MGGPX Sortino Ratio Rank: 2
MGGPX Omega Ratio Rank: 2
MGGPX Calmar Ratio Rank: 2
MGGPX Martin Ratio Rank: 2

VTI

VTI Risk / Return Rank: 72
VTI Sharpe Ratio Rank: 72
VTI Sortino Ratio Rank: 70
VTI Omega Ratio Rank: 70
VTI Calmar Ratio Rank: 70
VTI Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MGGPX vs. VTI - Risk-Adjusted Trends 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.

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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	1.85	-2.17
Sortino ratio: Return per unit of downside risk	-0.27	2.55	-2.82
Omega ratio: Gain probability vs. loss probability	0.96	1.33	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.28	2.71	-2.99
Martin ratio: Return relative to average drawdown	-0.57	11.68	-12.25

MGGPX vs. VTI - Sharpe Ratio Comparison

The current MGGPX Sharpe Ratio is -0.32, which is lower than the VTI Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of MGGPX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	MGGPX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-51.83%	-55.45%	+3.62%
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	-8.92%	-19.40%
Max Drawdown (3Y) Largest decline over 3 years	-28.32%	-19.30%	-9.02%
Max Drawdown (5Y) Largest decline over 5 years	-51.14%	-25.36%	-25.78%
Max Drawdown (10Y) Largest decline over 10 years	-51.83%	-35.00%	-16.83%
Current Drawdown Current decline from peak	-14.20%	0.00%	-14.20%
Average Drawdown Average peak-to-trough decline	-9.49%	-7.98%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.94%	2.07%	+11.87%

Volatility

MGGPX vs. VTI - Volatility Comparison

Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 6.84% compared to Vanguard Total Stock Market ETF (VTI) at 4.13%. 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.

Volatility by Period

	MGGPX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	4.13%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	18.89%	10.47%	+8.42%
Volatility (1Y) Calculated over the trailing 1-year period	24.60%	13.18%	+11.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.56%	17.54%	+9.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	18.32%	+4.98%

MGGPX vs. VTI - Expense Ratio Comparison

MGGPX has a 1.25% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

MGGPX vs. VTI - Dividend Comparison

MGGPX has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.02%.

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%
VTI Vanguard Total Stock Market ETF	1.02%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both MGGPX and VTI in my portfolio?

MGGPX and VTI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGGPX or VTI?

MGGPX has higher volatility (6.84%) compared to VTI (4.13%). In terms of maximum drawdown, MGGPX dropped -51.83% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.85 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.