MSEGX vs. SPY
Compare and contrast key facts about Morgan Stanley Institutional Growth Portfolio (MSEGX) and State Street SPDR S&P 500 ETF (SPY).
MSEGX is an actively managed fund by Morgan Stanley. It was launched on Apr 2, 1991. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
MSEGX vs. SPY - Performance Comparison
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MSEGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | -15.42% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 43.53% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MSEGX achieves a -15.42% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, MSEGX has outperformed SPY with an annualized return of 15.47%, while SPY has yielded a comparatively lower 14.06% annualized return.
MSEGX
- 1D
- 4.54%
- 1M
- -4.32%
- YTD
- -15.42%
- 6M
- -22.09%
- 1Y
- 15.60%
- 3Y*
- 25.22%
- 5Y*
- -1.90%
- 10Y*
- 15.47%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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MSEGX vs. SPY - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MSEGX vs. SPY — Risk / Return Rank
MSEGX
SPY
MSEGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.96 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.00 | 1.49 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.53 | -0.96 |
Martin ratioReturn relative to average drawdown | 1.50 | 7.27 | -5.77 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.96 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.70 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.79 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.16 |
Correlation
The correlation between MSEGX and SPY is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MSEGX vs. SPY - Dividend Comparison
MSEGX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MSEGX vs. SPY - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSEGX and SPY.
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Drawdown Indicators
| MSEGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -55.19% | -14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -12.05% | -15.78% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -24.50% | -45.07% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | -33.72% | -35.85% |
Current DrawdownCurrent decline from peak | -26.90% | -5.53% | -21.37% |
Average DrawdownAverage peak-to-trough decline | -19.49% | -9.09% | -10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 2.54% | +8.06% |
Volatility
MSEGX vs. SPY - Volatility Comparison
Morgan Stanley Institutional Growth Portfolio (MSEGX) has a higher volatility of 9.47% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that MSEGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.47% | 5.35% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 22.11% | 9.50% | +12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 19.06% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.79% | 17.06% | +22.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.63% | 17.92% | +15.71% |