MGKQX vs. VGT
MGKQX (Morgan Stanley Global Permanence Portfolio) and VGT (Vanguard Information Technology ETF) are both funds - MGKQX is a Global Equities fund managed by Morgan Stanley, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 5 years, MGKQX returned 3.35%/yr vs 17.81%/yr for VGT. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MGKQX charges 0.95%/yr vs 0.09%/yr for VGT.
Performance
MGKQX vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, MGKQX achieves a 1.16% return, which is significantly lower than VGT's 20.36% return.
MGKQX
- 1D
- 0.33%
- 1M
- -0.16%
- 6M
- -0.73%
- YTD
- 1.16%
- 1Y
- -14.15%
- 3Y*
- 4.80%
- 5Y*
- 3.35%
- 10Y*
- —
- ALL TIME*
- 8.89%
VGT
- 1D
- -0.38%
- 1M
- -1.30%
- 6M
- 21.30%
- YTD
- 20.36%
- 1Y
- 34.81%
- 3Y*
- 26.48%
- 5Y*
- 17.81%
- 10Y*
- 24.06%
- ALL TIME*
- 14.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $440.89M | $515.41M | $573.34M |
MGKQX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MGKQX Morgan Stanley Global Permanence Portfolio | 1.16% | 5.52% | 10.81% | 20.89% | -19.81% | 19.55% | 27.09% | 6.40% |
VGT Vanguard Information Technology ETF | 20.36% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 16.04% |
Correlation
The correlation between MGKQX and VGT is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2019 | 0.77 |
Over the past year, the correlation between MGKQX and VGT has dropped to 0.56 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
MGKQX vs. VGT — Risk / Return Rank
MGKQX
VGT
MGKQX vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Permanence Portfolio (MGKQX) and Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.23 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.94 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.96 | 5.23 | -6.19 |
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Drawdowns
MGKQX vs. VGT - Drawdown Comparison
The maximum MGKQX drawdown since its inception was -33.07%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for MGKQX and VGT.
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Drawdown Indicators
| MGKQX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.07% | -54.63% | +21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -16.40% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.97% | -27.23% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -35.07% | +4.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -19.64% | -9.93% | -9.71% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -7.95% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 6.07% | +9.92% |
Volatility
MGKQX vs. VGT - Volatility Comparison
The current volatility for Morgan Stanley Global Permanence Portfolio (MGKQX) is 4.39%, while Vanguard Information Technology ETF (VGT) has a volatility of 8.42%. This indicates that MGKQX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGKQX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 8.42% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 20.14% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 24.28% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 25.83% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.66% | 24.89% | -1.23% |
MGKQX vs. VGT - Expense Ratio Comparison
MGKQX has a 0.95% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
MGKQX vs. VGT - Dividend Comparison
MGKQX has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.38%.
| Position | 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% |
VGT Vanguard Information Technology ETF | 0.38% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
MGKQX and VGT have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGT has higher volatility (8.42%) compared to MGKQX (4.39%). In terms of maximum drawdown, MGKQX dropped -33.07% vs VGT's -54.63%.
VGT currently has the higher Sharpe Ratio (1.31 vs -0.59), 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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