MGRIX vs. MFOCX

Last updated Jun 5, 2026

MGRIX (Marsico Growth Fund) and MFOCX (Marsico Focus Fund) are both Large Cap Growth Equities funds from Marsico Investment Fund. Over the past 10 years, MGRIX returned 17.45%/yr vs 18.39%/yr for MFOCX. With a 0.98 correlation, they move nearly in lockstep. Both charge a 1.34% expense ratio.

Performance

MGRIX vs. MFOCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marsico Growth Fund (MGRIX) and Marsico Focus Fund (MFOCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGRIX achieves a 5.71% return, which is significantly lower than MFOCX's 9.64% return. Over the past 10 years, MGRIX has underperformed MFOCX with an annualized return of 17.45%, while MFOCX has yielded a comparatively higher 18.39% annualized return.

MGRIX

• 1D: -1.23%
• 1M: 2.24%
• YTD: 5.71%
• 6M: 5.65%
• 1Y: 14.95%
• 3Y*: 27.62%
• 5Y*: 12.79%
• 10Y*: 17.45%

MFOCX

• 1D: -1.44%
• 1M: 2.74%
• YTD: 9.64%
• 6M: 10.00%
• 1Y: 18.78%
• 3Y*: 28.06%
• 5Y*: 15.05%
• 10Y*: 18.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MGRIX vs. MFOCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGRIX Marsico Growth Fund	5.71%	12.73%	49.06%	47.46%	-36.44%	15.62%	52.96%	33.17%	-1.14%	31.22%
MFOCX Marsico Focus Fund	9.64%	12.47%	49.61%	45.25%	-33.36%	20.23%	47.52%	32.33%	0.23%	34.20%

Correlation

The correlation between MGRIX and MFOCX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.98

The correlation between MGRIX and MFOCX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

MGRIX vs. MFOCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGRIX

MGRIX Risk / Return Rank: 14
MGRIX Sharpe Ratio Rank: 14
MGRIX Sortino Ratio Rank: 15
MGRIX Omega Ratio Rank: 14
MGRIX Calmar Ratio Rank: 13
MGRIX Martin Ratio Rank: 16

MFOCX

MFOCX Risk / Return Rank: 22
MFOCX Sharpe Ratio Rank: 18
MFOCX Sortino Ratio Rank: 18
MFOCX Omega Ratio Rank: 17
MFOCX Calmar Ratio Rank: 26
MFOCX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGRIX vs. MFOCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marsico Growth Fund (MGRIX) and Marsico Focus Fund (MFOCX). 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.

	MGRIX	MFOCX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.20	-0.17
Sortino ratio: Return per unit of downside risk	1.52	1.75	-0.22
Omega ratio: Gain probability vs. loss probability	1.19	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.18	1.89	-0.71
Martin ratio: Return relative to average drawdown	4.34	6.84	-2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGRIX vs. MFOCX - Sharpe Ratio Comparison

The current MGRIX Sharpe Ratio is 1.02, which is comparable to the MFOCX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of MGRIX and MFOCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGRIX	MFOCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.20	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.67	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.84	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.52	-0.02

Drawdowns

MGRIX vs. MFOCX - Drawdown Comparison

The maximum MGRIX drawdown since its inception was -56.50%, roughly equal to the maximum MFOCX drawdown of -54.96%. Use the drawdown chart below to compare losses from any high point for MGRIX and MFOCX.

Drawdown Indicators

	MGRIX	MFOCX	Difference
Max Drawdown Largest peak-to-trough decline	-56.50%	-54.96%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.55%	-10.44%	-3.11%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-23.56%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	-41.50%	-36.76%	-4.74%
Max Drawdown (10Y) Largest decline over 10 years	-41.50%	-36.76%	-4.74%
Current Drawdown Current decline from peak	-1.53%	-1.66%	+0.13%
Average Drawdown Average peak-to-trough decline	-14.82%	-14.91%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	2.88%	+0.80%

Volatility

MGRIX vs. MFOCX - Volatility Comparison

Marsico Growth Fund (MGRIX) and Marsico Focus Fund (MFOCX) have volatilities of 4.25% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGRIX	MFOCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.38%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	12.43%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	16.48%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.32%	22.61%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.10%	22.02%	+0.08%

MGRIX vs. MFOCX - Expense Ratio Comparison

Both MGRIX and MFOCX have an expense ratio of 1.34%.

Dividends

MGRIX vs. MFOCX - Dividend Comparison

MGRIX's dividend yield for the trailing twelve months is around 15.40%, less than MFOCX's 16.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFOCX Marsico Focus Fund	16.24%	17.81%	11.96%	2.18%	18.06%	11.66%	8.36%	7.90%	11.58%	18.67%	0.00%	24.61%
MGRIX Marsico Growth Fund	15.40%	16.28%	16.44%	1.76%	0.00%	37.52%	6.21%	10.14%	14.36%	9.95%	0.84%	36.82%

Frequently Asked Questions

Can I hold both MGRIX and MFOCX in my portfolio?

With a correlation of 0.96, MGRIX and MFOCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MGRIX or MFOCX?

MFOCX has higher volatility (4.38%) compared to MGRIX (4.25%). In terms of maximum drawdown, MGRIX dropped -56.50% vs MFOCX's -54.96%.

Which has better risk-adjusted returns?

MFOCX currently has the higher Sharpe Ratio (1.20 vs 1.02), 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.