MSCOX vs. VSGIX
MSCOX (Morgan Stanley Institutional Fund Inception Portfolio Class C) and VSGIX (Vanguard Small-Cap Growth Index Fund Institutional Shares) are both Small Cap Growth Equities funds. Over the past 5 years, MSCOX returned -10.32%/yr vs 4.46%/yr for VSGIX. Their correlation of 0.84 means they have usually moved in the same direction. MSCOX charges 2.10%/yr vs 0.06%/yr for VSGIX.
Performance
MSCOX vs. VSGIX - Performance Comparison
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Returns By Period
MSCOX
- 1D
- -4.29%
- 1M
- -4.38%
- 6M
- -1.94%
- YTD
- 0.00%
- 1Y
- -8.13%
- 3Y*
- 9.57%
- 5Y*
- -10.32%
- 10Y*
- —
- ALL TIME*
- 10.83%
VSGIX
- 1D
- -0.22%
- 1M
- -3.64%
- 6M
- 6.71%
- YTD
- 14.42%
- 1Y
- 20.62%
- 3Y*
- 14.28%
- 5Y*
- 4.46%
- 10Y*
- 11.00%
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MSCOX vs. VSGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSCOX Morgan Stanley Institutional Fund Inception Portfolio Class C | -0.00% | 0.00% | 28.07% | 52.94% | -59.90% | -5.01% | 147.58% | 35.22% | -0.81% | 3.20% |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 14.42% | 8.44% | 14.95% | 23.07% | -28.39% | 5.70% | 35.29% | 32.77% | -5.70% | 10.55% |
Correlation
The correlation between MSCOX and VSGIX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.84 |
The correlation between MSCOX and VSGIX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
MSCOX vs. VSGIX — Risk / Return Rank
MSCOX
VSGIX
MSCOX vs. VSGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Inception Portfolio Class C (MSCOX) and Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSCOX | VSGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.18 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.84 | -2.09 |
| Martin ratioReturn relative to average drawdown | -0.49 | 6.50 | -7.00 |
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Drawdowns
MSCOX vs. VSGIX - Drawdown Comparison
The maximum MSCOX drawdown since its inception was -76.57%, which is greater than VSGIX's maximum drawdown of -58.66%. Use the drawdown chart below to compare losses from any high point for MSCOX and VSGIX.
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Drawdown Indicators
| MSCOX | VSGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.57% | -58.66% | -17.91% |
Max Drawdown (1Y)Largest decline over 1 year | -33.16% | -11.38% | -21.78% |
Max Drawdown (3Y)Largest decline over 3 years | -33.16% | -27.47% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -71.56% | -38.36% | -33.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.70% | — |
Current DrawdownCurrent decline from peak | -51.97% | -5.79% | -46.18% |
Average DrawdownAverage peak-to-trough decline | -34.65% | -11.29% | -23.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 3.22% | +13.32% |
Volatility
MSCOX vs. VSGIX - Volatility Comparison
Morgan Stanley Institutional Fund Inception Portfolio Class C (MSCOX) has a higher volatility of 8.05% compared to Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) at 4.60%. This indicates that MSCOX's price experiences larger fluctuations and is considered to be riskier than VSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSCOX | VSGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 4.60% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 23.78% | 15.84% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.05% | 20.48% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.14% | 23.71% | +14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.46% | 23.01% | +11.45% |
MSCOX vs. VSGIX - Expense Ratio Comparison
MSCOX has a 2.10% expense ratio, which is higher than VSGIX's 0.06% expense ratio.
Dividends
MSCOX vs. VSGIX - Dividend Comparison
MSCOX has not paid dividends to shareholders, while VSGIX's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCOX Morgan Stanley Institutional Fund Inception Portfolio Class C | 0.00% | 0.00% | 0.61% | 0.00% | 0.15% | 38.66% | 13.71% | 23.55% | 18.35% | 57.78% | 0.00% | 0.00% |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 0.45% | 0.55% | 0.55% | 0.68% | 0.56% | 0.37% | 0.45% | 0.58% | 0.80% | 0.82% | 1.09% | 0.98% |
Frequently Asked Questions
MSCOX and VSGIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCOX has higher volatility (8.05%) compared to VSGIX (4.60%). In terms of maximum drawdown, MSCOX dropped -76.57% vs VSGIX's -58.66%.
VSGIX currently has the higher Sharpe Ratio (1.02 vs -0.26), 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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