MSSMX vs. MSEGX
MSSMX (Morgan Stanley Institutional Inception Fund Class A) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both mutual funds - MSSMX is a Small Cap Growth Equities fund actively managed by Morgan Stanley, while MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley. Both are actively managed. Over the past 10 years, MSSMX returned 15.01%/yr vs 15.55%/yr for MSEGX. Their correlation of 0.85 means they have usually moved in the same direction. MSSMX charges 1.35%/yr vs 0.87%/yr for MSEGX.
Performance
MSSMX vs. MSEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSSMX achieves a 2.93% return, which is significantly higher than MSEGX's -8.43% return. Both investments have delivered pretty close results over the past 10 years, with MSSMX having a 15.01% annualized return and MSEGX not far ahead at 15.55%.
MSSMX
- 1D
- 2.93%
- 1M
- -4.22%
- 6M
- 7.61%
- YTD
- 2.93%
- 1Y
- -0.27%
- 3Y*
- 9.66%
- 5Y*
- -8.92%
- 10Y*
- 15.01%
- ALL TIME*
- 10.62%
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%
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 |
MSSMX vs. MSEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSSMX Morgan Stanley Institutional Inception Fund Class A | 2.93% | 0.76% | 29.15% | 54.22% | -59.57% | -4.29% | 149.49% | 77.58% | -0.03% | 22.42% |
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% |
Correlation
The correlation between MSSMX and MSEGX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 1995 | 0.85 |
The correlation between MSSMX and MSEGX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
MSSMX vs. MSEGX — Risk / Return Rank
MSSMX
MSEGX
MSSMX vs. MSEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Inception Fund Class A (MSSMX) 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.
| MSSMX | MSEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.18 | +0.08 |
| Martin ratioReturn relative to average drawdown | -0.20 | -0.34 | +0.14 |
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Drawdowns
MSSMX vs. MSEGX - Drawdown Comparison
The maximum MSSMX drawdown since its inception was -76.24%, which is greater than MSEGX's maximum drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for MSSMX and MSEGX.
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Drawdown Indicators
| MSSMX | MSEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -69.57% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -32.92% | -27.83% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -32.92% | -32.54% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -71.12% | -69.57% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -76.24% | -69.57% | -6.67% |
Current DrawdownCurrent decline from peak | -48.60% | -20.86% | -27.74% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -19.50% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 14.47% | +2.02% |
Volatility
MSSMX vs. MSEGX - Volatility Comparison
Morgan Stanley Institutional Inception Fund Class A (MSSMX) has a higher volatility of 8.53% compared to Morgan Stanley Institutional Growth Portfolio (MSEGX) at 7.40%. This indicates that MSSMX's price experiences larger fluctuations and is considered to be riskier 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
| MSSMX | MSEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 7.40% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 23.96% | 22.91% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.29% | 29.66% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.12% | 39.92% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 33.95% | +0.47% |
MSSMX vs. MSEGX - Expense Ratio Comparison
MSSMX has a 1.35% expense ratio, which is higher than MSEGX's 0.87% expense ratio.
Dividends
MSSMX vs. MSEGX - Dividend Comparison
Neither MSSMX nor MSEGX has 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% |
MSSMX Morgan Stanley Institutional Inception Fund Class A | 0.00% | 0.00% | 1.16% | 0.00% | 0.14% | 36.28% | 13.10% | 45.60% | 18.04% | 57.39% | 3.76% | 9.73% |
Frequently Asked Questions
MSSMX and MSEGX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSSMX has higher volatility (8.53%) compared to MSEGX (7.40%). In terms of maximum drawdown, MSSMX dropped -76.24% vs MSEGX's -69.57%.
MSSMX currently has the higher Sharpe Ratio (-0.11 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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