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 15.55%/yr vs 13.21%/yr for MACGX. Their correlation of 0.92 means they have usually moved in the same direction. MSEGX charges 0.87%/yr vs 1.00%/yr for MACGX.
Performance
MSEGX vs. MACGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSEGX achieves a -8.43% return, which is significantly lower than MACGX's -0.24% return. Over the past 10 years, MSEGX has outperformed MACGX with an annualized return of 15.55%, while MACGX has yielded a comparatively lower 13.21% annualized return.
MSEGX
- 1D
- 2.07%
- 1M
- -6.01%
- 6M
- -0.09%
- YTD
- -8.43%
- 1Y
- -2.72%
- 3Y*
- 20.20%
- 5Y*
- -2.58%
- 10Y*
- 15.55%
- ALL TIME*
- 10.90%
MACGX
- 1D
- 2.22%
- 1M
- -3.78%
- 6M
- 5.55%
- YTD
- -0.24%
- 1Y
- -9.12%
- 3Y*
- 18.64%
- 5Y*
- -5.86%
- 10Y*
- 13.21%
- ALL TIME*
- 9.73%
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. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | -8.43% | 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 | -0.24% | 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 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | MACGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.29 | +0.11 |
| Martin ratioReturn relative to average drawdown | -0.34 | -0.58 | +0.24 |
Loading charts...
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.
Loading charts...
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 | -20.86% | -44.54% | +23.68% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -25.74% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.47% | 13.93% | +0.54% |
Volatility
MSEGX vs. MACGX - Volatility Comparison
Morgan Stanley Institutional Growth Portfolio (MSEGX) has a higher volatility of 7.40% compared to Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) at 6.99%. This indicates that MSEGX's price experiences larger fluctuations and is considered to be riskier than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSEGX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 6.99% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 22.22% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.66% | 29.20% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 48.41% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 39.47% | -5.52% |
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 0.95, 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.
MSEGX has higher volatility (7.40%) compared to MACGX (6.99%). In terms of maximum drawdown, MSEGX dropped -69.57% vs MACGX's -77.61%.
MSEGX currently has the higher Sharpe Ratio (-0.17 vs -0.28), 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.
Find the right allocation for MSEGX and MACGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer