MGGPX vs. ^GSPC
Compare and contrast key facts about Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGGPX or ^GSPC.
Correlation
The correlation between MGGPX and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
MGGPX:
0.76
^GSPC:
1.74
MGGPX:
1.08
^GSPC:
2.35
MGGPX:
1.15
^GSPC:
1.32
MGGPX:
0.34
^GSPC:
2.62
MGGPX:
3.37
^GSPC:
10.82
MGGPX:
4.17%
^GSPC:
2.05%
MGGPX:
18.40%
^GSPC:
12.77%
MGGPX:
-60.49%
^GSPC:
-56.78%
MGGPX:
-32.12%
^GSPC:
-4.06%
Returns By Period
In the year-to-date period, MGGPX achieves a -0.34% return, which is significantly higher than ^GSPC's -0.66% return. Over the past 10 years, MGGPX has underperformed ^GSPC with an annualized return of 8.94%, while ^GSPC has yielded a comparatively higher 11.24% annualized return.
MGGPX
-0.34%
-12.60%
2.43%
13.72%
1.77%
8.94%
^GSPC
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
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Risk-Adjusted Performance
MGGPX vs. ^GSPC — Risk-Adjusted Performance Rank
MGGPX
^GSPC
MGGPX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and S&P 500 (^GSPC). 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.
Drawdowns
MGGPX vs. ^GSPC - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -60.49%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MGGPX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MGGPX vs. ^GSPC - Volatility Comparison
Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) has a higher volatility of 9.59% compared to S&P 500 (^GSPC) at 4.57%. This indicates that MGGPX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.