MGQIX vs. MBXAX
MGQIX (Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio) and MBXAX (Catalyst/Millburn Hedge Strategy Fund) are both mutual funds - MGQIX is a Global Equities fund managed by T. Rowe Price, while MBXAX is a Multistrategy fund managed by Catalyst Mutual Funds. Over the past 10 years, MGQIX returned 6.35%/yr vs 7.41%/yr for MBXAX. Their 0.47 correlation means their historical movements had little consistent relationship. MGQIX charges 0.90%/yr vs 2.18%/yr for MBXAX.
Performance
MGQIX vs. MBXAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGQIX achieves a -4.38% return, which is significantly lower than MBXAX's 12.74% return. Over the past 10 years, MGQIX has underperformed MBXAX with an annualized return of 6.35%, while MBXAX has yielded a comparatively higher 7.41% annualized return.
MGQIX
- 1D
- 1.36%
- 1M
- -2.01%
- 6M
- -2.99%
- YTD
- -4.38%
- 1Y
- -28.62%
- 3Y*
- -2.24%
- 5Y*
- -1.75%
- 10Y*
- 6.35%
- ALL TIME*
- 6.95%
MBXAX
- 1D
- -0.29%
- 1M
- -2.04%
- 6M
- 8.41%
- YTD
- 12.74%
- 1Y
- 17.15%
- 3Y*
- 9.84%
- 5Y*
- 7.12%
- 10Y*
- 7.41%
- ALL TIME*
- 8.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MGQIX vs. MBXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGQIX Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio | -4.38% | -19.55% | 16.34% | 21.69% | -20.69% | 18.61% | 15.97% | 32.94% | 0.43% | 21.67% |
MBXAX Catalyst/Millburn Hedge Strategy Fund | 12.74% | 4.13% | 13.17% | -0.91% | 7.46% | 16.62% | -0.72% | 13.59% | -2.43% | 13.69% |
Correlation
The correlation between MGQIX and MBXAX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.47 |
The correlation between MGQIX and MBXAX shifts across timeframes, from 0.29 (3 years) to 0.47 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGQIX vs. MBXAX — Risk / Return Rank
MGQIX
MBXAX
MGQIX vs. MBXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio (MGQIX) and Catalyst/Millburn Hedge Strategy Fund (MBXAX). 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.
| MGQIX | MBXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.40 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.77 | -4.58 |
| Martin ratioReturn relative to average drawdown | -1.24 | 14.56 | -15.80 |
Loading charts...
Drawdowns
MGQIX vs. MBXAX - Drawdown Comparison
The maximum MGQIX drawdown since its inception was -47.63%, which is greater than MBXAX's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for MGQIX and MBXAX.
Loading charts...
Drawdown Indicators
| MGQIX | MBXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.63% | -31.75% | -15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -37.59% | -3.89% | -33.70% |
Max Drawdown (3Y)Largest decline over 3 years | -47.63% | -15.66% | -31.97% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -15.66% | -31.97% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -31.75% | -15.88% |
Current DrawdownCurrent decline from peak | -42.25% | -2.69% | -39.56% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -4.00% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.26% | 1.05% | +23.21% |
Volatility
MGQIX vs. MBXAX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio (MGQIX) has a higher volatility of 4.21% compared to Catalyst/Millburn Hedge Strategy Fund (MBXAX) at 1.59%. This indicates that MGQIX's price experiences larger fluctuations and is considered to be riskier than MBXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGQIX | MBXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 1.59% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 4.87% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.34% | 6.87% | +22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 11.39% | +14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 13.36% | +8.54% |
MGQIX vs. MBXAX - Expense Ratio Comparison
MGQIX has a 0.90% expense ratio, which is lower than MBXAX's 2.18% expense ratio.
Dividends
MGQIX vs. MBXAX - Dividend Comparison
Neither MGQIX nor MBXAX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBXAX Catalyst/Millburn Hedge Strategy Fund | 0.00% | 0.00% | 2.43% | 2.02% | 7.57% | 0.00% | 3.92% | 4.96% | 3.07% | 3.35% | 1.82% | 0.00% |
MGQIX Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio | 0.00% | 0.00% | 30.72% | 0.47% | 0.71% | 1.79% | 2.54% | 4.84% | 8.37% | 5.51% | 8.22% | 3.11% |
Frequently Asked Questions
MGQIX and MBXAX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGQIX has higher volatility (4.21%) compared to MBXAX (1.59%). In terms of maximum drawdown, MGQIX dropped -47.63% vs MBXAX's -31.75%.
MBXAX currently has the higher Sharpe Ratio (2.13 vs -1.03), 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.
Find the right allocation for MGQIX and MBXAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer