MSEQX vs. SPY
Compare and contrast key facts about Morgan Stanley Growth Portfolio Class I (MSEQX) and SPDR S&P 500 ETF (SPY).
MSEQX is managed 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSEQX or SPY.
Key characteristics
| MSEQX | SPY | |
|---|---|---|
| YTD Return | 2.16% | 14.41% |
| 1Y Return | 16.50% | 23.17% |
| 3Y Return (Ann) | -19.68% | 7.77% |
| 5Y Return (Ann) | 5.71% | 14.45% |
| 10Y Return (Ann) | 10.64% | 12.50% |
| Sharpe Ratio | 0.59 | 1.81 |
| Daily Std Dev | 27.71% | 12.61% |
| Max Drawdown | -69.48% | -55.19% |
| Current Drawdown | -51.20% | -4.34% |
Correlation
The correlation between MSEQX 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.
Performance
MSEQX vs. SPY - Performance Comparison
In the year-to-date period, MSEQX achieves a 2.16% return, which is significantly lower than SPY's 14.41% return. Over the past 10 years, MSEQX has underperformed SPY with an annualized return of 10.64%, while SPY has yielded a comparatively higher 12.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSEQX vs. SPY - Expense Ratio Comparison
MSEQX has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MSEQX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio Class I (MSEQX) and 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.
Dividends
MSEQX vs. SPY - Dividend Comparison
MSEQX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEQX Morgan Stanley Growth Portfolio Class I | 0.00% | 0.05% | 16.79% | 24.24% | 9.36% | 10.70% | 7.94% | 21.18% | 12.71% | 7.55% | 4.95% | 4.46% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MSEQX vs. SPY - Drawdown Comparison
The maximum MSEQX drawdown since its inception was -69.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSEQX and SPY. For additional features, visit the drawdowns tool.
Volatility
MSEQX vs. SPY - Volatility Comparison
Morgan Stanley Growth Portfolio Class I (MSEQX) has a higher volatility of 9.11% compared to SPDR S&P 500 ETF (SPY) at 4.78%. This indicates that MSEQX'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.