MSEGX vs. MSEQX

Last updated Jun 5, 2026

MSEGX (Morgan Stanley Institutional Growth Portfolio) and MSEQX (Morgan Stanley Growth Portfolio Class I) are both Large Cap Growth Equities funds from Morgan Stanley. Over the past 10 years, MSEGX returned 16.83%/yr vs 17.07%/yr for MSEQX. With a 1.00 correlation, they move nearly in lockstep. MSEGX charges 0.87%/yr vs 0.56%/yr for MSEQX.

Performance

MSEGX vs. MSEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Growth Portfolio (MSEGX) and Morgan Stanley Growth Portfolio Class I (MSEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MSEGX having a -3.78% return and MSEQX slightly higher at -3.69%. Both investments have delivered pretty close results over the past 10 years, with MSEGX having a 16.83% annualized return and MSEQX not far ahead at 17.07%.

MSEGX

• 1D: -2.52%
• 1M: 1.33%
• YTD: -3.78%
• 6M: -6.19%
• 1Y: 6.66%
• 3Y*: 27.75%
• 5Y*: 0.67%
• 10Y*: 16.83%

MSEQX

• 1D: -2.52%
• 1M: 1.35%
• YTD: -3.69%
• 6M: -6.08%
• 1Y: 6.94%
• 3Y*: 28.08%
• 5Y*: 0.95%
• 10Y*: 17.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSEGX vs. MSEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSEGX Morgan Stanley Institutional Growth Portfolio	-3.78%	24.43%	46.29%	49.87%	-60.27%	-0.31%	115.11%	38.93%	5.01%	43.53%
MSEQX Morgan Stanley Growth Portfolio Class I	-3.69%	24.78%	46.65%	50.36%	-60.18%	-0.00%	115.60%	38.25%	5.38%	43.91%

Correlation

The correlation between MSEGX and MSEQX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	1.00

The correlation between MSEGX and MSEQX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

MSEGX vs. MSEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSEGX

MSEGX Risk / Return Rank: 4
MSEGX Sharpe Ratio Rank: 4
MSEGX Sortino Ratio Rank: 4
MSEGX Omega Ratio Rank: 4
MSEGX Calmar Ratio Rank: 4
MSEGX Martin Ratio Rank: 4

MSEQX

MSEQX Risk / Return Rank: 4
MSEQX Sharpe Ratio Rank: 4
MSEQX Sortino Ratio Rank: 4
MSEQX Omega Ratio Rank: 4
MSEQX Calmar Ratio Rank: 4
MSEQX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSEGX vs. MSEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Morgan Stanley Growth Portfolio Class I (MSEQX). 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	MSEQX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.23	-0.01
Sortino ratio: Return per unit of downside risk	0.50	0.51	-0.01
Omega ratio: Gain probability vs. loss probability	1.06	1.06	0.00
Calmar ratio: Return relative to maximum drawdown	0.22	0.23	-0.01
Martin ratio: Return relative to average drawdown	0.47	0.49	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSEGX vs. MSEQX - Sharpe Ratio Comparison

The current MSEGX Sharpe Ratio is 0.22, which is comparable to the MSEQX Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of MSEGX and MSEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSEGX	MSEQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.23	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.02	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.51	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.47	-0.05

Drawdowns

MSEGX vs. MSEQX - Drawdown Comparison

The maximum MSEGX drawdown since its inception was -69.57%, roughly equal to the maximum MSEQX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for MSEGX and MSEQX.

Drawdown Indicators

	MSEGX	MSEQX	Difference
Max Drawdown Largest peak-to-trough decline	-69.57%	-69.48%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-27.83%	-27.73%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-32.54%	-32.52%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-69.57%	-69.48%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-69.57%	-69.48%	-0.09%
Current Drawdown Current decline from peak	-16.84%	-15.81%	-1.03%
Average Drawdown Average peak-to-trough decline	-19.50%	-16.89%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.92%	12.85%	+0.07%

Volatility

MSEGX vs. MSEQX - Volatility Comparison

Morgan Stanley Institutional Growth Portfolio (MSEGX) and Morgan Stanley Growth Portfolio Class I (MSEQX) have volatilities of 8.49% and 8.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSEGX	MSEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	8.49%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	21.43%	21.43%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	28.09%	28.09%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.72%	39.71%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.80%	33.76%	+0.04%

MSEGX vs. MSEQX - Expense Ratio Comparison

MSEGX has a 0.87% expense ratio, which is higher than MSEQX's 0.56% expense ratio.

Dividends

MSEGX vs. MSEQX - Dividend Comparison

Neither MSEGX nor MSEQX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MSEQX Morgan Stanley Growth Portfolio Class I	0.00%	0.00%	0.55%	0.05%	16.79%	24.24%	9.36%	21.39%	5.38%	21.18%	12.71%	7.55%

Frequently Asked Questions

Can I hold both MSEGX and MSEQX in my portfolio?

With a correlation of 1.00, MSEGX and MSEQX 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.

Which is riskier, MSEGX or MSEQX?

MSEQX has higher volatility (8.49%) compared to MSEGX (8.49%). In terms of maximum drawdown, MSEGX dropped -69.57% vs MSEQX's -69.48%.

Which has better risk-adjusted returns?

MSEQX currently has the higher Sharpe Ratio (0.23 vs 0.22), 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.