MSEGX vs. QQQM
MSEGX (Morgan Stanley Institutional Growth Portfolio) and QQQM (Invesco NASDAQ 100 ETF) are both funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. MSEGX is actively managed, while QQQM is passively managed. Over the past 5 years, MSEGX returned -2.58%/yr vs 14.31%/yr for QQQM. Their 0.76 correlation means they have sometimes moved together and sometimes differently. MSEGX charges 0.87%/yr vs 0.15%/yr for QQQM.
Performance
MSEGX vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, MSEGX achieves a -8.43% return, which is significantly lower than QQQM's 12.29% 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%
QQQM
- 1D
- 0.69%
- 1M
- -3.45%
- 6M
- 10.92%
- YTD
- 12.29%
- 1Y
- 24.86%
- 3Y*
- 22.37%
- 5Y*
- 14.31%
- 10Y*
- —
- ALL TIME*
- 16.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $962.22M | $908.74M | $1.19B |
MSEGX vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | -8.43% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 7.64% |
QQQM Invesco NASDAQ 100 ETF | 12.29% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between MSEGX and QQQM is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.76 |
The correlation between MSEGX and QQQM has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
MSEGX vs. QQQM — Risk / Return Rank
MSEGX
QQQM
MSEGX vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.88 | -2.06 |
| Martin ratioReturn relative to average drawdown | -0.34 | 6.01 | -6.36 |
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Drawdowns
MSEGX vs. QQQM - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for MSEGX and QQQM.
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Drawdown Indicators
| MSEGX | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -35.04% | -34.53% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -11.96% | -15.87% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -22.70% | -9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -35.04% | -34.53% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | — | — |
Current DrawdownCurrent decline from peak | -20.86% | -7.69% | -13.17% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -8.15% | -11.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.47% | 3.74% | +10.73% |
Volatility
MSEGX vs. QQQM - Volatility Comparison
Morgan Stanley Institutional Growth Portfolio (MSEGX) has a higher volatility of 7.40% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.83%. This indicates that MSEGX's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 6.83% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 15.91% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.66% | 19.24% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 22.74% | +17.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 22.32% | +11.63% |
MSEGX vs. QQQM - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
MSEGX vs. QQQM - Dividend Comparison
MSEGX has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.46%.
| 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% |
QQQM Invesco NASDAQ 100 ETF | 0.46% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSEGX and QQQM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEGX has higher volatility (7.40%) compared to QQQM (6.83%). In terms of maximum drawdown, MSEGX dropped -69.57% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.17 vs -0.17), 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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