MSHMX vs. MSEGX
MSHMX (Morgan Stanley Permanence Portfolio) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both Large Cap Growth Equities funds from Morgan Stanley. Over the past 5 years, MSHMX returned 7.61%/yr vs -2.98%/yr for MSEGX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MSHMX charges 0.85%/yr vs 0.87%/yr for MSEGX.
Performance
MSHMX vs. MSEGX - 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 MSEGX's -10.29% 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%
MSEGX
- 1D
- -1.69%
- 1M
- -7.75%
- 6M
- -5.22%
- YTD
- -10.29%
- 1Y
- -6.90%
- 3Y*
- 20.10%
- 5Y*
- -2.98%
- 10Y*
- 15.35%
- ALL TIME*
- 10.83%
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. MSEGX - 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% |
MSEGX Morgan Stanley Institutional Growth Portfolio | -10.29% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 119.34% |
Correlation
The correlation between MSHMX and MSEGX 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. | 0.77 |
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 MSEGX 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. MSEGX — Risk / Return Rank
MSHMX
MSEGX
MSHMX vs. MSEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Permanence Portfolio (MSHMX) and Morgan Stanley Institutional Growth Portfolio (MSEGX). 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 | MSEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.24 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.29 | -0.47 | +0.76 |
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Drawdowns
MSHMX vs. MSEGX - Drawdown Comparison
The maximum MSHMX drawdown since its inception was -30.20%, smaller than the maximum MSEGX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for MSHMX and MSEGX.
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Drawdown Indicators
| MSHMX | MSEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.20% | -69.57% | +39.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -27.83% | +17.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.85% | -32.54% | +15.69% |
Max Drawdown (5Y)Largest decline over 5 years | -30.20% | -69.57% | +39.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.57% | — |
Current DrawdownCurrent decline from peak | -3.93% | -22.46% | +18.53% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -19.50% | +12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 14.43% | -10.31% |
Volatility
MSHMX vs. MSEGX - Volatility Comparison
The current volatility for Morgan Stanley Permanence Portfolio (MSHMX) is 4.39%, while Morgan Stanley Institutional Growth Portfolio (MSEGX) has a volatility of 7.04%. This indicates that MSHMX experiences smaller price fluctuations and is considered to be less risky than MSEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSHMX | MSEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 7.04% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 22.89% | -8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 29.60% | -11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 39.92% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 33.96% | -14.04% |
MSHMX vs. MSEGX - Expense Ratio Comparison
MSHMX has a 0.85% expense ratio, which is lower than MSEGX's 0.87% expense ratio.
Dividends
MSHMX vs. MSEGX - Dividend Comparison
MSHMX's dividend yield for the trailing twelve months is around 15.78%, while MSEGX has not paid dividends to shareholders.
| 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% |
MSHMX Morgan Stanley Permanence Portfolio | 15.78% | 16.31% | 14.39% | 10.11% | 2.76% | 18.17% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSHMX and MSEGX 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.
MSEGX has higher volatility (7.04%) compared to MSHMX (4.39%). In terms of maximum drawdown, MSHMX dropped -30.20% vs MSEGX's -69.57%.
MSHMX currently has the higher Sharpe Ratio (0.06 vs -0.23), 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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