MSHMX vs. MEGIX
MSHMX (Morgan Stanley Permanence Portfolio) and MEGIX (Morgan Stanley Growth Portfolio) are both Large Cap Growth Equities funds from Morgan Stanley. Over the past 5 years, MSHMX returned 7.61%/yr vs -1.69%/yr for MEGIX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MSHMX charges 0.85%/yr vs 0.57%/yr for MEGIX.
Performance
MSHMX vs. MEGIX - Performance Comparison
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Returns By Period
In the year-to-date period, MSHMX achieves a 3.38% return, which is significantly higher than MEGIX's -10.66% return.
MSHMX
- 1D
- -0.59%
- 1M
- 0.30%
- 6M
- -0.15%
- YTD
- 3.38%
- 1Y
- 1.39%
- 3Y*
- 12.07%
- 5Y*
- 7.61%
- 10Y*
- —
- ALL TIME*
- 15.89%
MEGIX
- 1D
- -1.66%
- 1M
- -7.81%
- 6M
- -5.50%
- YTD
- -10.66%
- 1Y
- -8.31%
- 3Y*
- 23.43%
- 5Y*
- -1.69%
- 10Y*
- —
- ALL TIME*
- 15.10%
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 |
MSHMX vs. MEGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSHMX Morgan Stanley Permanence Portfolio | 3.38% | 18.36% | 13.91% | 26.50% | -20.53% | 16.75% | 55.45% |
MEGIX Morgan Stanley Growth Portfolio | -10.66% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 122.27% |
Correlation
The correlation between MSHMX and MEGIX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020 | 0.78 |
The correlation between MSHMX and MEGIX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
MSHMX vs. MEGIX — Risk / Return Rank
MSHMX
MEGIX
MSHMX vs. MEGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Permanence Portfolio (MSHMX) and Morgan Stanley Growth Portfolio (MEGIX). 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.
| MSHMX | MEGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.98 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.29 | +0.41 |
| Martin ratioReturn relative to average drawdown | 0.29 | -0.56 | +0.85 |
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Drawdowns
MSHMX vs. MEGIX - Drawdown Comparison
The maximum MSHMX drawdown since its inception was -30.20%, smaller than the maximum MEGIX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for MSHMX and MEGIX.
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Drawdown Indicators
| MSHMX | MEGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.20% | -69.99% | +39.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -28.03% | +17.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.85% | -32.12% | +15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.20% | -69.99% | +39.79% |
Current DrawdownCurrent decline from peak | -3.93% | -20.43% | +16.50% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -22.94% | +16.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 14.59% | -10.47% |
Volatility
MSHMX vs. MEGIX - Volatility Comparison
The current volatility for Morgan Stanley Permanence Portfolio (MSHMX) is 4.39%, while Morgan Stanley Growth Portfolio (MEGIX) has a volatility of 7.03%. This indicates that MSHMX experiences smaller price fluctuations and is considered to be less risky than MEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSHMX | MEGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 7.03% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 23.31% | -8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 29.87% | -11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 40.01% | -20.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 34.65% | -14.73% |
MSHMX vs. MEGIX - Expense Ratio Comparison
MSHMX has a 0.85% expense ratio, which is higher than MEGIX's 0.57% expense ratio.
Dividends
MSHMX vs. MEGIX - Dividend Comparison
MSHMX's dividend yield for the trailing twelve months is around 15.78%, more than MEGIX's 12.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 12.63% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% |
MSHMX Morgan Stanley Permanence Portfolio | 15.78% | 16.31% | 14.39% | 10.11% | 2.76% | 18.17% | 5.88% | 0.00% | 0.00% |
Frequently Asked Questions
MSHMX and MEGIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGIX has higher volatility (7.03%) compared to MSHMX (4.39%). In terms of maximum drawdown, MSHMX dropped -30.20% vs MEGIX's -69.99%.
MSHMX currently has the higher Sharpe Ratio (0.06 vs -0.27), 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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