MSEQX vs. MACGX
MSEQX (Morgan Stanley Growth Portfolio Class I) and MACGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A) are both mutual funds - MSEQX is a Large Cap Growth Equities fund managed by Morgan Stanley, while MACGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MSEQX returned 17.37%/yr vs 14.70%/yr for MACGX. Their correlation of 0.92 suggests significant overlap in exposure. MSEQX charges 0.56%/yr vs 1.00%/yr for MACGX.
Performance
MSEQX vs. MACGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSEQX achieves a -1.20% return, which is significantly lower than MACGX's 6.63% return. Over the past 10 years, MSEQX has outperformed MACGX with an annualized return of 17.37%, while MACGX has yielded a comparatively lower 14.70% annualized return.
MSEQX
- 1D
- -1.57%
- 1M
- 4.10%
- YTD
- -1.20%
- 6M
- -2.94%
- 1Y
- 9.09%
- 3Y*
- 29.17%
- 5Y*
- 1.84%
- 10Y*
- 17.37%
MACGX
- 1D
- -1.67%
- 1M
- 5.93%
- YTD
- 6.63%
- 6M
- 3.09%
- 1Y
- 5.74%
- 3Y*
- 26.93%
- 5Y*
- -3.23%
- 10Y*
- 14.70%
MSEQX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEQX Morgan Stanley Growth Portfolio Class I | -1.20% | 24.78% | 46.65% | 50.36% | -60.18% | -0.00% | 115.60% | 38.25% | 5.38% | 43.91% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 6.63% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Correlation
The correlation between MSEQX and MACGX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 1997 | 0.92 |
The correlation between MSEQX and MACGX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
MSEQX vs. MACGX — Risk / Return Rank
MSEQX
MACGX
MSEQX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio Class I (MSEQX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.
| MSEQX | MACGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.26 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.76 | 0.55 | +0.21 |
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
| MSEQX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.25 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.07 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.37 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.33 | +0.15 |
Drawdowns
MSEQX vs. MACGX - Drawdown Comparison
The maximum MSEQX drawdown since its inception was -69.48%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for MSEQX and MACGX.
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Drawdown Indicators
| MSEQX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.48% | -77.61% | +8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -27.73% | -27.55% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -32.52% | -28.55% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -69.48% | -77.61% | +8.13% |
Max Drawdown (10Y)Largest decline over 10 years | -69.48% | -77.61% | +8.13% |
Current DrawdownCurrent decline from peak | -13.64% | -40.72% | +27.08% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -25.65% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.82% | 12.75% | +0.07% |
Volatility
MSEQX vs. MACGX - Volatility Comparison
The current volatility for Morgan Stanley Growth Portfolio Class I (MSEQX) is 8.13%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 8.96%. This indicates that MSEQX experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEQX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.96% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.32% | 21.23% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.99% | 27.81% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.71% | 48.30% | -8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.76% | 39.37% | -5.61% |
MSEQX vs. MACGX - Expense Ratio Comparison
MSEQX has a 0.56% expense ratio, which is lower than MACGX's 1.00% expense ratio.
Dividends
MSEQX vs. MACGX - Dividend Comparison
Neither MSEQX nor MACGX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
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
With a correlation of 0.94, MSEQX and MACGX 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.
MACGX has higher volatility (8.96%) compared to MSEQX (8.13%). In terms of maximum drawdown, MSEQX dropped -69.48% vs MACGX's -77.61%.
MSEQX currently has the higher Sharpe Ratio (0.35 vs 0.25), 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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