MGKQX vs. CSUAX
MGKQX (Morgan Stanley Global Permanence Portfolio) and CSUAX (Cohen & Steers Global Infrastructure Fund Class A) are both Global Equities funds. Over the past 5 years, MGKQX returned 3.92%/yr vs 7.60%/yr for CSUAX. A 0.59 correlation means they provide meaningful diversification when combined. MGKQX charges 0.95%/yr vs 1.22%/yr for CSUAX.
Performance
MGKQX vs. CSUAX - Performance Comparison
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Returns By Period
In the year-to-date period, MGKQX achieves a 1.49% return, which is significantly lower than CSUAX's 13.46% return.
MGKQX
- 1D
- 0.49%
- 1M
- 0.58%
- 6M
- -4.08%
- YTD
- 1.49%
- 1Y
- -14.36%
- 3Y*
- 5.76%
- 5Y*
- 3.92%
- 10Y*
- —
CSUAX
- 1D
- 0.23%
- 1M
- 1.88%
- 6M
- 12.53%
- YTD
- 13.46%
- 1Y
- 20.70%
- 3Y*
- 12.08%
- 5Y*
- 7.60%
- 10Y*
- 7.32%
MGKQX vs. CSUAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MGKQX Morgan Stanley Global Permanence Portfolio | 1.49% | 5.52% | 10.81% | 20.89% | -19.81% | 19.55% | 27.09% | 6.40% |
CSUAX Cohen & Steers Global Infrastructure Fund Class A | 13.46% | 14.30% | 8.30% | 2.09% | -5.20% | 16.24% | -1.65% | 11.12% |
Correlation
The correlation between MGKQX and CSUAX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2019 | 0.59 |
Over the past year, the correlation between MGKQX and CSUAX has dropped to 0.25 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
MGKQX vs. CSUAX — Risk / Return Rank
MGKQX
CSUAX
MGKQX vs. CSUAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Permanence Portfolio (MGKQX) and Cohen & Steers Global Infrastructure Fund Class A (CSUAX). 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.
| MGKQX | CSUAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.35 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.36 | -3.93 |
| Martin ratioReturn relative to average drawdown | -0.95 | 10.60 | -11.55 |
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Drawdowns
MGKQX vs. CSUAX - Drawdown Comparison
The maximum MGKQX drawdown since its inception was -33.07%, smaller than the maximum CSUAX drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for MGKQX and CSUAX.
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Drawdown Indicators
| MGKQX | CSUAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.07% | -52.20% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -5.99% | -19.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.97% | -14.95% | -11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -20.45% | -10.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.05% | — |
Current DrawdownCurrent decline from peak | -19.38% | 0.00% | -19.38% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -8.41% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.37% | 1.89% | +13.48% |
Volatility
MGKQX vs. CSUAX - Volatility Comparison
Morgan Stanley Global Permanence Portfolio (MGKQX) has a higher volatility of 4.73% compared to Cohen & Steers Global Infrastructure Fund Class A (CSUAX) at 3.45%. This indicates that MGKQX's price experiences larger fluctuations and is considered to be riskier than CSUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGKQX | CSUAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 3.45% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 8.12% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 10.07% | +15.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 13.01% | +10.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.70% | 14.88% | +8.82% |
MGKQX vs. CSUAX - Expense Ratio Comparison
MGKQX has a 0.95% expense ratio, which is lower than CSUAX's 1.22% expense ratio.
Dividends
MGKQX vs. CSUAX - Dividend Comparison
MGKQX has not paid dividends to shareholders, while CSUAX's dividend yield for the trailing twelve months is around 7.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSUAX Cohen & Steers Global Infrastructure Fund Class A | 7.54% | 8.09% | 2.23% | 2.17% | 3.55% | 2.95% | 1.30% | 1.52% | 2.08% | 5.00% | 2.04% | 6.20% |
MGKQX Morgan Stanley Global Permanence Portfolio | 0.00% | 0.00% | 21.29% | 5.29% | 1.80% | 16.33% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MGKQX and CSUAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGKQX has higher volatility (4.73%) compared to CSUAX (3.45%). In terms of maximum drawdown, MGKQX dropped -33.07% vs CSUAX's -52.20%.
CSUAX currently has the higher Sharpe Ratio (2.00 vs -0.57), 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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