MSEGX vs. WSTAX
MSEGX (Morgan Stanley Institutional Growth Portfolio) and WSTAX (Nomura Science and Technology Fund Class A) are both mutual funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while WSTAX is a Technology Equities fund managed by Nomura. Over the past 10 years, MSEGX returned 15.55%/yr vs 23.25%/yr for WSTAX. Their correlation of 0.82 means they have usually moved in the same direction. MSEGX charges 0.87%/yr vs 1.17%/yr for WSTAX.
Performance
MSEGX vs. WSTAX - 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 WSTAX's 31.65% return. Over the past 10 years, MSEGX has underperformed WSTAX with an annualized return of 15.55%, while WSTAX has yielded a comparatively higher 23.25% 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%
WSTAX
- 1D
- 5.34%
- 1M
- -3.36%
- 6M
- 22.27%
- YTD
- 31.65%
- 1Y
- 49.56%
- 3Y*
- 44.90%
- 5Y*
- 21.87%
- 10Y*
- 23.25%
- ALL TIME*
- 12.44%
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. WSTAX - 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% |
WSTAX Nomura Science and Technology Fund Class A | 31.65% | 33.91% | 59.64% | 40.44% | -32.50% | 14.19% | 36.12% | 50.35% | -5.23% | 32.77% |
Correlation
The correlation between MSEGX and WSTAX is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000 | 0.82 |
The correlation between MSEGX and WSTAX shifts across timeframes, from 0.65 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSEGX vs. WSTAX — Risk / Return Rank
MSEGX
WSTAX
MSEGX vs. WSTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Nomura Science and Technology Fund Class A (WSTAX). 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 | WSTAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.77 | -2.95 |
| Martin ratioReturn relative to average drawdown | -0.34 | 8.73 | -9.07 |
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Drawdowns
MSEGX vs. WSTAX - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, which is greater than WSTAX's maximum drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for MSEGX and WSTAX.
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Drawdown Indicators
| MSEGX | WSTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -55.39% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -16.73% | -11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -27.35% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -55.39% | -14.18% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | -55.39% | -14.18% |
Current DrawdownCurrent decline from peak | -20.86% | -9.75% | -11.11% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -14.89% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.47% | 5.30% | +9.17% |
Volatility
MSEGX vs. WSTAX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Growth Portfolio (MSEGX) is 7.40%, while Nomura Science and Technology Fund Class A (WSTAX) has a volatility of 10.23%. This indicates that MSEGX experiences smaller price fluctuations and is considered to be less risky than WSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | WSTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 10.23% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 22.91% | 23.94% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.66% | 28.62% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 37.65% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 31.01% | +2.94% |
MSEGX vs. WSTAX - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is lower than WSTAX's 1.17% expense ratio.
Dividends
MSEGX vs. WSTAX - Dividend Comparison
MSEGX has not paid dividends to shareholders, while WSTAX's dividend yield for the trailing twelve months is around 13.91%.
| 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% |
WSTAX Nomura Science and Technology Fund Class A | 13.91% | 18.32% | 36.08% | 11.62% | 33.72% | 42.99% | 8.89% | 11.48% | 13.99% | 6.95% | 0.00% | 2.50% |
Frequently Asked Questions
MSEGX and WSTAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSTAX has higher volatility (10.23%) compared to MSEGX (7.40%). In terms of maximum drawdown, MSEGX dropped -69.57% vs WSTAX's -55.39%.
WSTAX currently has the higher Sharpe Ratio (1.62 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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