MGKQX vs. SPYG
Compare and contrast key facts about Morgan Stanley Global Permanence Portfolio (MGKQX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
MGKQX is managed by Morgan Stanley. It was launched on Apr 29, 2019. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGKQX or SPYG.
Correlation
The correlation between MGKQX and SPYG is 0.83, 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
MGKQX vs. SPYG - Performance Comparison
Key characteristics
MGKQX:
-0.14
SPYG:
1.90
MGKQX:
-0.04
SPYG:
2.50
MGKQX:
0.99
SPYG:
1.34
MGKQX:
-0.10
SPYG:
2.65
MGKQX:
-0.45
SPYG:
10.26
MGKQX:
6.35%
SPYG:
3.29%
MGKQX:
20.53%
SPYG:
17.74%
MGKQX:
-40.71%
SPYG:
-67.79%
MGKQX:
-27.15%
SPYG:
-4.58%
Returns By Period
In the year-to-date period, MGKQX achieves a 1.49% return, which is significantly higher than SPYG's -0.99% return.
MGKQX
1.49%
-16.18%
-10.88%
-2.61%
1.98%
N/A
SPYG
-0.99%
-3.54%
5.03%
33.56%
15.94%
15.24%
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MGKQX vs. SPYG - Expense Ratio Comparison
MGKQX has a 0.95% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
MGKQX vs. SPYG — Risk-Adjusted Performance Rank
MGKQX
SPYG
MGKQX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Permanence Portfolio (MGKQX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
MGKQX vs. SPYG - Dividend Comparison
MGKQX's dividend yield for the trailing twelve months is around 3.90%, more than SPYG's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGKQX Morgan Stanley Global Permanence Portfolio | 3.90% | 3.96% | 0.21% | 0.00% | 0.39% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.61% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
MGKQX vs. SPYG - Drawdown Comparison
The maximum MGKQX drawdown since its inception was -40.71%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for MGKQX and SPYG. For additional features, visit the drawdowns tool.
Volatility
MGKQX vs. SPYG - Volatility Comparison
Morgan Stanley Global Permanence Portfolio (MGKQX) has a higher volatility of 15.99% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.67%. This indicates that MGKQX's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.