MIGIX vs. SSGLX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).

MIGIX is managed by T. Rowe Price. It was launched on Dec 27, 2010. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.

Performance

MIGIX vs. SSGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). The values are adjusted to include any dividend payments, if applicable.

MIGIX vs. SSGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIGIX Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio	-16.87%	16.07%	48.18%	50.84%	-57.66%	-13.31%	95.07%	34.53%	-5.73%	41.70%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	-0.64%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%

Returns By Period

In the year-to-date period, MIGIX achieves a -16.87% return, which is significantly lower than SSGLX's -0.64% return. Over the past 10 years, MIGIX has outperformed SSGLX with an annualized return of 11.28%, while SSGLX has yielded a comparatively lower 8.58% annualized return.

MIGIX

• 1D: -0.66%
• 1M: -7.51%
• YTD: -16.87%
• 6M: -25.46%
• 1Y: 6.45%
• 3Y*: 21.36%
• 5Y*: -3.62%
• 10Y*: 11.28%

SSGLX

• 1D: 0.39%
• 1M: -10.87%
• YTD: -0.64%
• 6M: 4.10%
• 1Y: 24.88%
• 3Y*: 14.40%
• 5Y*: 6.92%
• 10Y*: 8.58%

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

MIGIX vs. SSGLX - Expense Ratio Comparison

MIGIX has a 1.00% expense ratio, which is higher than SSGLX's 0.07% expense ratio.

MIGIX

Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio

SSGLX

State Street Global All Cap Equity ex-U.S. Index Fund Class K

Return for Risk

MIGIX vs. SSGLX — Risk / Return Rank

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

MIGIX

MIGIX Risk / Return Rank: 8
MIGIX Sharpe Ratio Rank: 8
MIGIX Sortino Ratio Rank: 10
MIGIX Omega Ratio Rank: 9
MIGIX Calmar Ratio Rank: 7
MIGIX Martin Ratio Rank: 7

SSGLX

SSGLX Risk / Return Rank: 81
SSGLX Sharpe Ratio Rank: 82
SSGLX Sortino Ratio Rank: 82
SSGLX Omega Ratio Rank: 81
SSGLX Calmar Ratio Rank: 82
SSGLX Martin Ratio Rank: 80

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.

MIGIX vs. SSGLX - 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 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.

	MIGIX	SSGLX	Difference
Sharpe ratio Return per unit of total volatility	0.14	1.56	-1.41
Sortino ratio Return per unit of downside risk	0.46	2.12	-1.66
Omega ratio Gain probability vs. loss probability	1.06	1.32	-0.27
Calmar ratio Return relative to maximum drawdown	0.03	2.00	-1.96
Martin ratio Return relative to average drawdown	0.09	7.90	-7.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIGIX vs. SSGLX - Sharpe Ratio Comparison

The current MIGIX Sharpe Ratio is 0.14, which is lower than the SSGLX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of MIGIX and SSGLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MIGIX	SSGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	1.56	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.48	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.53	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.37	-0.05

Correlation

The correlation between MIGIX and SSGLX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MIGIX vs. SSGLX - Dividend Comparison

MIGIX has not paid dividends to shareholders, while SSGLX's dividend yield for the trailing twelve months is around 4.44%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	4.44%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%

Drawdowns

MIGIX vs. SSGLX - Drawdown Comparison

The maximum MIGIX drawdown since its inception was -73.54%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for MIGIX and SSGLX.

Drawdown Indicators

	MIGIX	SSGLX	Difference
Max Drawdown Largest peak-to-trough decline	-73.54%	-35.88%	-37.66%
Max Drawdown (1Y) Largest decline over 1 year	-28.44%	-11.22%	-17.22%
Max Drawdown (5Y) Largest decline over 5 years	-73.54%	-30.08%	-43.46%
Max Drawdown (10Y) Largest decline over 10 years	-73.54%	-35.88%	-37.66%
Current Drawdown Current decline from peak	-40.80%	-10.87%	-29.93%
Average Drawdown Average peak-to-trough decline	-17.84%	-8.32%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.22%	2.84%	+8.38%

Volatility

MIGIX vs. SSGLX - Volatility Comparison

Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) has a higher volatility of 8.59% compared to State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) at 6.44%. This indicates that MIGIX's price experiences larger fluctuations and is considered to be riskier than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIGIX	SSGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.59%	6.44%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	22.31%	10.02%	+12.29%
Volatility (1Y) Calculated over the trailing 1-year period	33.78%	15.49%	+18.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.49%	14.49%	+36.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.97%	16.15%	+22.82%