MSEGX vs. MEMEX
MSEGX (Morgan Stanley Institutional Growth Portfolio) and MEMEX (Morgan Stanley Emerging Markets Equity Portfolio) are both mutual funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while MEMEX is a Emerging Markets Equities fund managed by Morgan Stanley. Over the past 5 years, MSEGX returned -3.06%/yr vs 7.45%/yr for MEMEX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. MSEGX charges 0.87%/yr vs 1.25%/yr for MEMEX.
Performance
MSEGX vs. MEMEX - 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 MEMEX's 22.68% 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%
MEMEX
- 1D
- 0.68%
- 1M
- -1.66%
- 6M
- 11.45%
- YTD
- 22.68%
- 1Y
- 43.13%
- 3Y*
- 22.35%
- 5Y*
- 7.45%
- 10Y*
- —
- ALL TIME*
- 8.48%
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. MEMEX - 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% | 30.34% |
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 22.68% | 32.98% | 7.82% | 11.90% | -25.14% | 2.99% | 14.40% | 19.61% | -17.46% | 26.45% |
Correlation
The correlation between MSEGX and MEMEX is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.54 |
The correlation between MSEGX and MEMEX has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
MSEGX vs. MEMEX — Risk / Return Rank
MSEGX
MEMEX
MSEGX vs. MEMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Morgan Stanley Emerging Markets Equity Portfolio (MEMEX). 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 | MEMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.76 | -2.87 |
| Martin ratioReturn relative to average drawdown | -0.20 | 9.34 | -9.54 |
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Drawdowns
MSEGX vs. MEMEX - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, which is greater than MEMEX's maximum drawdown of -39.90%. Use the drawdown chart below to compare losses from any high point for MSEGX and MEMEX.
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Drawdown Indicators
| MSEGX | MEMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -39.90% | -29.67% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -16.31% | -11.52% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -17.21% | -15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -37.30% | -32.27% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | — | — |
Current DrawdownCurrent decline from peak | -20.97% | -9.70% | -11.27% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -14.91% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.57% | 4.82% | +9.75% |
Volatility
MSEGX vs. MEMEX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Growth Portfolio (MSEGX) is 7.72%, while Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) has a volatility of 10.94%. This indicates that MSEGX experiences smaller price fluctuations and is considered to be less risky than MEMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | MEMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 10.94% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.82% | 23.31% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.63% | 25.11% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.95% | 19.07% | +20.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.98% | 18.90% | +15.08% |
MSEGX vs. MEMEX - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is lower than MEMEX's 1.25% expense ratio.
Dividends
MSEGX vs. MEMEX - Dividend Comparison
MSEGX has not paid dividends to shareholders, while MEMEX's dividend yield for the trailing twelve months is around 4.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 4.67% | 3.35% | 1.38% | 3.26% | 13.18% | 0.86% | 2.57% | 7.81% | 0.52% | 0.00% | 0.00% | 0.00% |
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 MEMEX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEMEX has higher volatility (10.94%) compared to MSEGX (7.72%). In terms of maximum drawdown, MSEGX dropped -69.57% vs MEMEX's -39.90%.
MEMEX currently has the higher Sharpe Ratio (1.80 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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