MGQIX vs. SSGLX
MGQIX (Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both Global Equities funds. Over the past 10 years, MGQIX returned 6.77%/yr vs 9.82%/yr for SSGLX. A 0.73 correlation means they provide meaningful diversification when combined. MGQIX charges 0.90%/yr vs 0.07%/yr for SSGLX.
Performance
MGQIX vs. SSGLX - Performance Comparison
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Returns By Period
In the year-to-date period, MGQIX achieves a -2.42% return, which is significantly lower than SSGLX's 14.98% return. Over the past 10 years, MGQIX has underperformed SSGLX with an annualized return of 6.77%, while SSGLX has yielded a comparatively higher 9.82% annualized return.
MGQIX
- 1D
- -0.23%
- 1M
- 1.89%
- YTD
- -2.42%
- 6M
- -26.62%
- 1Y
- -27.60%
- 3Y*
- 0.01%
- 5Y*
- -0.29%
- 10Y*
- 6.77%
SSGLX
- 1D
- 0.67%
- 1M
- 4.89%
- YTD
- 14.98%
- 6M
- 18.09%
- 1Y
- 32.74%
- 3Y*
- 19.68%
- 5Y*
- 8.65%
- 10Y*
- 9.82%
MGQIX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGQIX Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio | -2.42% | -19.55% | 16.34% | 21.69% | -20.69% | 18.61% | 15.97% | 32.94% | 0.43% | 21.67% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 14.98% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Correlation
The correlation between MGQIX and SSGLX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014 | 0.73 |
The correlation between MGQIX and SSGLX has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
MGQIX vs. SSGLX — Risk / Return Rank
MGQIX
SSGLX
MGQIX vs. SSGLX - 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 State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| MGQIX | SSGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -4.37 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.46 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.89 | -3.64 |
| Martin ratioReturn relative to average drawdown | -1.34 | 11.22 | -12.56 |
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
| MGQIX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | 2.40 | -3.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.59 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.61 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.45 | -0.09 |
Drawdowns
MGQIX vs. SSGLX - Drawdown Comparison
The maximum MGQIX drawdown since its inception was -47.63%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for MGQIX and SSGLX.
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Drawdown Indicators
| MGQIX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.63% | -35.88% | -11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -37.59% | -11.22% | -26.37% |
Max Drawdown (3Y)Largest decline over 3 years | -47.63% | -13.56% | -34.07% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -30.08% | -17.55% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -35.88% | -11.75% |
Current DrawdownCurrent decline from peak | -41.07% | 0.00% | -41.07% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -8.23% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.89% | 2.88% | +18.01% |
Volatility
MGQIX vs. SSGLX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio (MGQIX) is 3.00%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 4.55%. This indicates that MGQIX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGQIX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 4.55% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 31.40% | 11.38% | +20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.91% | 13.56% | +15.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 14.74% | +11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 16.24% | +5.68% |
MGQIX vs. SSGLX - Expense Ratio Comparison
MGQIX has a 0.90% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Dividends
MGQIX vs. SSGLX - Dividend Comparison
MGQIX has not paid dividends to shareholders, while SSGLX's dividend yield for the trailing twelve months is around 3.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.84% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Frequently Asked Questions
MGQIX and SSGLX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGLX has higher volatility (4.55%) compared to MGQIX (3.00%). In terms of maximum drawdown, MGQIX dropped -47.63% vs SSGLX's -35.88%.
SSGLX currently has the higher Sharpe Ratio (2.40 vs -0.97), 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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