MSEFX vs. MSILX
MSEFX (iMGP Equity Fund) and MSILX (iMGP International Fund) are both mutual funds - MSEFX is a Large Cap Blend Equities fund managed by iMGP, while MSILX is a Foreign Large Cap Equities fund managed by iMGP. Over the past 10 years, MSEFX returned 7.28%/yr vs 6.97%/yr for MSILX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MSEFX charges 0.98%/yr vs 1.05%/yr for MSILX.
Performance
MSEFX vs. MSILX - Performance Comparison
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Returns By Period
In the year-to-date period, MSEFX achieves a 1.53% return, which is significantly lower than MSILX's 7.93% return. Both investments have delivered pretty close results over the past 10 years, with MSEFX having a 7.28% annualized return and MSILX not far behind at 6.97%.
MSEFX
- 1D
- 0.59%
- 1M
- 0.08%
- 6M
- 2.05%
- YTD
- 1.53%
- 1Y
- 5.93%
- 3Y*
- 3.87%
- 5Y*
- -0.46%
- 10Y*
- 7.28%
- ALL TIME*
- 7.15%
MSILX
- 1D
- 2.79%
- 1M
- -0.91%
- 6M
- 3.37%
- YTD
- 7.93%
- 1Y
- 19.77%
- 3Y*
- 11.59%
- 5Y*
- 5.90%
- 10Y*
- 6.97%
- ALL TIME*
- 7.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MSEFX iMGP Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MSEFX vs. MSILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEFX iMGP Equity Fund | 1.53% | 5.15% | 3.29% | 17.30% | -25.22% | 18.27% | 19.49% | 27.56% | -10.08% | 21.13% |
MSILX iMGP International Fund | 7.93% | 30.20% | -0.58% | 17.41% | -21.57% | 11.82% | 5.03% | 29.53% | -20.24% | 23.62% |
Correlation
The correlation between MSEFX and MSILX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 1997 | 0.70 |
The correlation between MSEFX and MSILX shifts across timeframes, from 0.67 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSEFX vs. MSILX — Risk / Return Rank
MSEFX
MSILX
MSEFX vs. MSILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP Equity Fund (MSEFX) and iMGP International Fund (MSILX). 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.
| MSEFX | MSILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.36 | -1.02 |
| Martin ratioReturn relative to average drawdown | 1.10 | 4.94 | -3.84 |
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Drawdowns
MSEFX vs. MSILX - Drawdown Comparison
The maximum MSEFX drawdown since its inception was -61.12%, roughly equal to the maximum MSILX drawdown of -60.45%. Use the drawdown chart below to compare losses from any high point for MSEFX and MSILX.
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Drawdown Indicators
| MSEFX | MSILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.12% | -60.45% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -12.70% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -15.73% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -36.93% | -34.92% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -36.93% | -45.23% | +8.30% |
Current DrawdownCurrent decline from peak | -6.91% | -1.44% | -5.47% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -15.72% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.48% | -0.25% |
Volatility
MSEFX vs. MSILX - Volatility Comparison
The current volatility for iMGP Equity Fund (MSEFX) is 2.97%, while iMGP International Fund (MSILX) has a volatility of 5.04%. This indicates that MSEFX experiences smaller price fluctuations and is considered to be less risky than MSILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEFX | MSILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 5.04% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 13.52% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 15.89% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 18.19% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 19.10% | -1.35% |
MSEFX vs. MSILX - Expense Ratio Comparison
MSEFX has a 0.98% expense ratio, which is lower than MSILX's 1.05% expense ratio.
Dividends
MSEFX vs. MSILX - Dividend Comparison
MSEFX's dividend yield for the trailing twelve months is around 3.35%, more than MSILX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEFX iMGP Equity Fund | 3.35% | 3.40% | 7.44% | 4.08% | 31.07% | 16.28% | 12.45% | 9.07% | 14.47% | 7.93% | 5.87% | 9.89% |
MSILX iMGP International Fund | 1.44% | 1.55% | 1.24% | 1.01% | 0.88% | 3.70% | 2.23% | 2.99% | 0.74% | 2.94% | 4.15% | 1.68% |
Frequently Asked Questions
MSEFX and MSILX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSILX has higher volatility (5.04%) compared to MSEFX (2.97%). In terms of maximum drawdown, MSEFX dropped -61.12% vs MSILX's -60.45%.
MSILX currently has the higher Sharpe Ratio (1.08 vs 0.30), 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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