MGKQX vs. MACGX
Compare and contrast key facts about Morgan Stanley Global Permanence Portfolio (MGKQX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
MGKQX is managed by Morgan Stanley. It was launched on Apr 29, 2019. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
MGKQX vs. MACGX - Performance Comparison
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MGKQX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MGKQX Morgan Stanley Global Permanence Portfolio | -3.40% | 5.52% | 10.81% | 20.89% | -19.81% | 19.55% | 27.09% | 6.40% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -11.39% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 4.21% |
Returns By Period
In the year-to-date period, MGKQX achieves a -3.40% return, which is significantly higher than MACGX's -11.39% return.
MGKQX
- 1D
- 3.56%
- 1M
- -4.75%
- YTD
- -3.40%
- 6M
- -21.98%
- 1Y
- -2.35%
- 3Y*
- 6.27%
- 5Y*
- 4.57%
- 10Y*
- —
MACGX
- 1D
- 4.70%
- 1M
- -4.98%
- YTD
- -11.39%
- 6M
- -20.28%
- 1Y
- 6.83%
- 3Y*
- 21.48%
- 5Y*
- -7.74%
- 10Y*
- 12.76%
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MGKQX vs. MACGX - Expense Ratio Comparison
MGKQX has a 0.95% expense ratio, which is lower than MACGX's 1.00% expense ratio.
Return for Risk
MGKQX vs. MACGX — Risk / Return Rank
MGKQX
MACGX
MGKQX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Permanence Portfolio (MGKQX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.
| MGKQX | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 0.27 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.10 | 0.62 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.08 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.29 | -0.45 |
Martin ratioReturn relative to average drawdown | -0.38 | 0.73 | -1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGKQX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.27 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.16 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.31 | +0.06 |
Correlation
The correlation between MGKQX and MACGX is 0.74, 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.
Dividends
MGKQX vs. MACGX - Dividend Comparison
Neither MGKQX nor MACGX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Drawdowns
MGKQX vs. MACGX - Drawdown Comparison
The maximum MGKQX drawdown since its inception was -33.07%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for MGKQX and MACGX.
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Drawdown Indicators
| MGKQX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.07% | -77.61% | +44.54% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -27.55% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -77.61% | +46.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.61% | — |
Current DrawdownCurrent decline from peak | -23.27% | -50.74% | +27.47% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -25.53% | +17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 10.93% | -0.09% |
Volatility
MGKQX vs. MACGX - Volatility Comparison
The current volatility for Morgan Stanley Global Permanence Portfolio (MGKQX) is 6.88%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 9.52%. This indicates that MGKQX experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGKQX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 9.52% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 24.31% | 22.32% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.28% | 32.22% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 48.42% | -24.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.84% | 39.21% | -15.37% |