MIGIX vs. GLIFX
MIGIX (Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 10 years, MIGIX returned 13.42%/yr vs 10.23%/yr for GLIFX. At a 0.44 correlation, their price movements are largely independent. MIGIX charges 1.00%/yr vs 0.97%/yr for GLIFX.
Performance
MIGIX vs. GLIFX - Performance Comparison
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Returns By Period
In the year-to-date period, MIGIX achieves a 2.47% return, which is significantly lower than GLIFX's 7.33% return. Over the past 10 years, MIGIX has outperformed GLIFX with an annualized return of 13.42%, while GLIFX has yielded a comparatively lower 10.23% annualized return.
MIGIX
- 1D
- -1.41%
- 1M
- 5.33%
- YTD
- 2.47%
- 6M
- -2.02%
- 1Y
- 6.43%
- 3Y*
- 27.33%
- 5Y*
- 0.92%
- 10Y*
- 13.42%
GLIFX
- 1D
- -0.51%
- 1M
- -1.97%
- YTD
- 7.33%
- 6M
- 7.56%
- 1Y
- 15.45%
- 3Y*
- 13.91%
- 5Y*
- 11.29%
- 10Y*
- 10.23%
MIGIX vs. GLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIGIX Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio | 2.47% | 16.07% | 48.18% | 50.84% | -57.66% | -13.31% | 95.07% | 34.53% | -5.73% | 41.70% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.33% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between MIGIX and GLIFX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2010 | 0.44 |
Over the past year, the correlation between MIGIX and GLIFX has dropped to 0.05 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
MIGIX vs. GLIFX — Risk / Return Rank
MIGIX
GLIFX
MIGIX vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.
| MIGIX | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.74 | -1.49 |
| Martin ratioReturn relative to average drawdown | 0.52 | 5.88 | -5.36 |
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
| MIGIX | GLIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.46 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.03 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.77 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.84 | -0.48 |
Drawdowns
MIGIX vs. GLIFX - Drawdown Comparison
The maximum MIGIX drawdown since its inception was -73.54%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for MIGIX and GLIFX.
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Drawdown Indicators
| MIGIX | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.54% | -29.65% | -43.89% |
Max Drawdown (1Y)Largest decline over 1 year | -28.44% | -9.00% | -19.44% |
Max Drawdown (3Y)Largest decline over 3 years | -31.83% | -10.02% | -21.81% |
Max Drawdown (5Y)Largest decline over 5 years | -73.54% | -17.15% | -56.39% |
Max Drawdown (10Y)Largest decline over 10 years | -73.54% | -29.65% | -43.89% |
Current DrawdownCurrent decline from peak | -27.03% | -5.79% | -21.24% |
Average DrawdownAverage peak-to-trough decline | -18.01% | -3.36% | -14.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.57% | 2.66% | +10.91% |
Volatility
MIGIX vs. GLIFX - Volatility Comparison
Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) has a higher volatility of 8.22% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 4.53%. This indicates that MIGIX's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIGIX | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 4.53% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.74% | 9.30% | +12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.40% | 10.72% | +17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.49% | 10.99% | +39.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.16% | 13.33% | +25.83% |
MIGIX vs. GLIFX - Expense Ratio Comparison
MIGIX has a 1.00% expense ratio, which is higher than GLIFX's 0.97% expense ratio.
Dividends
MIGIX vs. GLIFX - Dividend Comparison
MIGIX has not paid dividends to shareholders, while GLIFX's dividend yield for the trailing twelve months is around 6.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
MIGIX Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio | 0.00% | 0.00% | 1.34% | 0.00% | 0.10% | 56.85% | 3.48% | 4.37% | 4.58% | 11.22% | 2.16% | 7.15% |
Frequently Asked Questions
MIGIX and GLIFX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIGIX has higher volatility (8.22%) compared to GLIFX (4.53%). In terms of maximum drawdown, MIGIX dropped -73.54% vs GLIFX's -29.65%.
GLIFX currently has the higher Sharpe Ratio (1.46 vs 0.25), 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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