MSEGX vs. LCEAX
MSEGX (Morgan Stanley Institutional Growth Portfolio) and LCEAX (Invesco Diversified Dividend Fund) are both mutual funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while LCEAX is a Large Cap Value Equities fund managed by Invesco. Over the past 10 years, MSEGX returned 15.45%/yr vs 8.85%/yr for LCEAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. MSEGX charges 0.87%/yr vs 0.81%/yr for LCEAX.
Performance
MSEGX vs. LCEAX - Performance Comparison
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Returns By Period
In the year-to-date period, MSEGX achieves a -8.56% return, which is significantly lower than LCEAX's 9.52% return. Over the past 10 years, MSEGX has outperformed LCEAX with an annualized return of 15.45%, while LCEAX has yielded a comparatively lower 8.85% annualized return.
MSEGX
- 1D
- 2.02%
- 1M
- -6.14%
- 6M
- 2.08%
- YTD
- -8.56%
- 1Y
- -6.44%
- 3Y*
- 22.63%
- 5Y*
- -3.06%
- 10Y*
- 15.45%
- ALL TIME*
- 10.89%
LCEAX
- 1D
- 0.66%
- 1M
- 1.53%
- 6M
- 4.93%
- YTD
- 9.52%
- 1Y
- 17.40%
- 3Y*
- 14.47%
- 5Y*
- 10.12%
- 10Y*
- 8.85%
- ALL TIME*
- 8.22%
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 |
MSEGX vs. LCEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | -8.56% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 43.53% |
LCEAX Invesco Diversified Dividend Fund | 9.52% | 15.56% | 13.09% | 8.88% | -1.67% | 18.98% | 0.10% | 25.05% | -7.84% | 7.49% |
Correlation
The correlation between MSEGX and LCEAX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002 | 0.64 |
Over the past year, the correlation between MSEGX and LCEAX has dropped to 0.34 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
MSEGX vs. LCEAX — Risk / Return Rank
MSEGX
LCEAX
MSEGX vs. LCEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Invesco Diversified Dividend Fund (LCEAX). 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.
| MSEGX | LCEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.53 | -2.63 |
| Martin ratioReturn relative to average drawdown | -0.20 | 9.43 | -9.63 |
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Drawdowns
MSEGX vs. LCEAX - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, which is greater than LCEAX's maximum drawdown of -50.30%. Use the drawdown chart below to compare losses from any high point for MSEGX and LCEAX.
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Drawdown Indicators
| MSEGX | LCEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -50.30% | -19.27% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -7.50% | -20.33% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -14.03% | -18.51% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -16.10% | -53.47% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | -36.16% | -33.41% |
Current DrawdownCurrent decline from peak | -20.97% | 0.00% | -20.97% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -5.61% | -13.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.57% | 2.00% | +12.57% |
Volatility
MSEGX vs. LCEAX - Volatility Comparison
Morgan Stanley Institutional Growth Portfolio (MSEGX) has a higher volatility of 7.72% compared to Invesco Diversified Dividend Fund (LCEAX) at 2.68%. This indicates that MSEGX's price experiences larger fluctuations and is considered to be riskier than LCEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | LCEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 2.68% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.82% | 7.58% | +15.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.63% | 9.99% | +19.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.95% | 13.58% | +26.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.98% | 15.33% | +18.65% |
MSEGX vs. LCEAX - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is higher than LCEAX's 0.81% expense ratio.
Dividends
MSEGX vs. LCEAX - Dividend Comparison
MSEGX has not paid dividends to shareholders, while LCEAX's dividend yield for the trailing twelve months is around 11.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCEAX Invesco Diversified Dividend Fund | 11.52% | 12.54% | 12.00% | 7.87% | 12.23% | 18.25% | 3.76% | 5.02% | 7.74% | 1.86% | 3.51% | 5.89% |
MSEGX Morgan Stanley Institutional Growth Portfolio | 0.00% | 0.00% | 0.42% | 0.00% | 18.70% | 26.52% | 10.03% | 22.75% | 5.67% | 22.18% | 13.17% | 7.76% |
Frequently Asked Questions
MSEGX and LCEAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEGX has higher volatility (7.72%) compared to LCEAX (2.68%). In terms of maximum drawdown, MSEGX dropped -69.57% vs LCEAX's -50.30%.
LCEAX currently has the higher Sharpe Ratio (1.90 vs -0.10), 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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