MRJAX vs. PGTIX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and PGTIX (T. Rowe Price Global Technology Fund I Class) are both mutual funds - MRJAX is a Global Equities fund managed by Morgan Stanley, while PGTIX is a Technology Equities fund actively managed by T. Rowe Price. At a 0.33 correlation, their price movements are largely independent. MRJAX charges 1.10%/yr vs 0.78%/yr for PGTIX.

Performance

MRJAX vs. PGTIX - 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 T. Rowe Price Global Technology Fund I Class (PGTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRJAX

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

PGTIX

• 1D: -1.54%
• 1M: 10.98%
• YTD: 40.79%
• 6M: 39.54%
• 1Y: 75.14%
• 3Y*: 39.18%
• 5Y*: 11.58%
• 10Y*: —

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

MRJAX vs. PGTIX - 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%
PGTIX T. Rowe Price Global Technology Fund I Class	40.79%	27.48%	33.33%	56.25%	-55.48%	8.92%	75.98%	34.28%	-19.89%

Correlation

The correlation between MRJAX and PGTIX is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.33

The correlation between MRJAX and PGTIX shifts across timeframes, from -0.06 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. PGTIX — Risk / Return Rank

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

PGTIX

PGTIX Risk / Return Rank: 89
PGTIX Sharpe Ratio Rank: 95
PGTIX Sortino Ratio Rank: 83
PGTIX Omega Ratio Rank: 82
PGTIX Calmar Ratio Rank: 95
PGTIX Martin Ratio Rank: 91

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. PGTIX - 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 T. Rowe Price Global Technology Fund I Class (PGTIX). 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	PGTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Drawdowns

Drawdown Indicators

	MRJAX	PGTIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-65.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-65.26%	—
Current Drawdown Current decline from peak	—	-2.38%	—
Average Drawdown Average peak-to-trough decline	—	-18.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.11%	—

Volatility

Volatility by Period

	MRJAX	PGTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	31.79%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.95%	—

MRJAX vs. PGTIX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is higher than PGTIX's 0.78% expense ratio.

Dividends

MRJAX vs. PGTIX - Dividend Comparison

Neither MRJAX nor PGTIX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%
PGTIX T. Rowe Price Global Technology Fund I Class	0.00%	0.00%	0.00%	0.00%	3.27%	27.92%	5.04%	0.07%	24.92%	15.91%

Frequently Asked Questions

Can I hold both MRJAX and PGTIX in my portfolio?

MRJAX and PGTIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.