MSEGX vs. MACGX
MSEGX (Morgan Stanley Institutional Growth Portfolio) and MACGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A) are both mutual funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while MACGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MSEGX returned 17.13%/yr vs 14.70%/yr for MACGX. Their correlation of 0.92 suggests significant overlap in exposure. MSEGX charges 0.87%/yr vs 1.00%/yr for MACGX.
Performance
MSEGX vs. MACGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSEGX achieves a -1.30% return, which is significantly lower than MACGX's 6.63% return. Over the past 10 years, MSEGX has outperformed MACGX with an annualized return of 17.13%, while MACGX has yielded a comparatively lower 14.70% annualized return.
MSEGX
- 1D
- -1.57%
- 1M
- 4.07%
- YTD
- -1.30%
- 6M
- -3.05%
- 1Y
- 8.80%
- 3Y*
- 28.84%
- 5Y*
- 1.56%
- 10Y*
- 17.13%
MACGX
- 1D
- -1.67%
- 1M
- 5.93%
- YTD
- 6.63%
- 6M
- 3.09%
- 1Y
- 5.74%
- 3Y*
- 26.93%
- 5Y*
- -3.23%
- 10Y*
- 14.70%
MSEGX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | -1.30% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 43.53% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 6.63% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Correlation
The correlation between MSEGX and MACGX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 1997 | 0.92 |
The correlation between MSEGX and MACGX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
MSEGX vs. MACGX — Risk / Return Rank
MSEGX
MACGX
MSEGX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.
| MSEGX | MACGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.26 | +0.08 |
| Martin ratioReturn relative to average drawdown | 0.73 | 0.55 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSEGX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.25 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.07 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.37 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.33 | +0.09 |
Drawdowns
MSEGX vs. MACGX - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for MSEGX and MACGX.
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Drawdown Indicators
| MSEGX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -77.61% | +8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -27.55% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -28.55% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -77.61% | +8.04% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | -77.61% | +8.04% |
Current DrawdownCurrent decline from peak | -14.69% | -40.72% | +26.03% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -25.65% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 12.75% | +0.14% |
Volatility
MSEGX vs. MACGX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Growth Portfolio (MSEGX) is 8.13%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 8.96%. This indicates that MSEGX experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.96% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.31% | 21.23% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 27.81% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.72% | 48.30% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.79% | 39.37% | -5.58% |
MSEGX vs. MACGX - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is lower than MACGX's 1.00% expense ratio.
Dividends
MSEGX vs. MACGX - Dividend Comparison
Neither MSEGX nor MACGX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
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
With a correlation of 0.94, MSEGX and MACGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MACGX has higher volatility (8.96%) compared to MSEGX (8.13%). In terms of maximum drawdown, MSEGX dropped -69.57% vs MACGX's -77.61%.
MSEGX currently has the higher Sharpe Ratio (0.34 vs 0.25), 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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