MRJAX vs. MEGIX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and MEGIX (Morgan Stanley Growth Portfolio) are both mutual funds - MRJAX is a Global Equities fund managed by Morgan Stanley, while MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley. At a 0.30 correlation, their price movements are largely independent. MRJAX charges 1.10%/yr vs 0.57%/yr for MEGIX.

Performance

MRJAX vs. MEGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and Morgan Stanley Growth Portfolio (MEGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRJAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEGIX

• 1D: 0.35%
• 1M: 0.20%
• YTD: -3.69%
• 6M: -6.02%
• 1Y: 6.58%
• 3Y*: 30.76%
• 5Y*: 2.05%
• 10Y*: —

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

MRJAX vs. MEGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.79%	-0.55%	5.09%	2.74%	21.57%	0.07%	17.93%	-8.38%
MEGIX Morgan Stanley Growth Portfolio	-3.69%	35.72%	46.59%	48.66%	-60.94%	-0.20%	117.49%	31.82%	-13.72%

Correlation

The correlation between MRJAX and MEGIX 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	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.30

The correlation between MRJAX and MEGIX shifts across timeframes, from -0.05 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. MEGIX — Risk / Return Rank

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

MEGIX

MEGIX Risk / Return Rank: 4
MEGIX Sharpe Ratio Rank: 4
MEGIX Sortino Ratio Rank: 5
MEGIX Omega Ratio Rank: 5
MEGIX Calmar Ratio Rank: 4
MEGIX Martin Ratio Rank: 4

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.

MRJAX vs. MEGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) and Morgan Stanley Growth Portfolio (MEGIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MRJAX	MEGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.47	—

Drawdowns

Drawdown Indicators

	MRJAX	MEGIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-69.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-28.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-69.99%	—
Current Drawdown Current decline from peak	—	-14.22%	—
Average Drawdown Average peak-to-trough decline	—	-23.04%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.05%	—

Volatility

Volatility by Period

	MRJAX	MEGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	28.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	39.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.70%	—

MRJAX vs. MEGIX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is higher than MEGIX's 0.57% expense ratio.

Dividends

MRJAX vs. MEGIX - Dividend Comparison

Neither MRJAX nor MEGIX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MEGIX Morgan Stanley Growth Portfolio	0.00%	0.00%	0.00%	0.00%	163.32%	34.82%	7.97%	5.35%	24.32%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	0.00%	11.24%	4.40%	4.04%	15.24%	1.09%	1.40%	1.22%

Frequently Asked Questions

Can I hold both MRJAX and MEGIX in my portfolio?

MRJAX and MEGIX 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.