RGGYX vs. MGGIX

Last updated Jun 23, 2026

RGGYX (Victory RS Global Fund) and MGGIX (Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio) are both Global Equities funds. Over the past 10 years, RGGYX returned 14.20%/yr vs 13.97%/yr for MGGIX. Their correlation of 0.81 suggests significant overlap in exposure. RGGYX charges 0.60%/yr vs 0.95%/yr for MGGIX.

Performance

RGGYX vs. MGGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory RS Global Fund (RGGYX) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGGYX achieves a 12.63% return, which is significantly higher than MGGIX's 7.20% return. Both investments have delivered pretty close results over the past 10 years, with RGGYX having a 14.20% annualized return and MGGIX not far behind at 13.97%.

RGGYX

• 1D: 1.18%
• 1M: 1.97%
• YTD: 12.63%
• 6M: 12.27%
• 1Y: 29.01%
• 3Y*: 19.93%
• 5Y*: 12.62%
• 10Y*: 14.20%

MGGIX

• 1D: 2.89%
• 1M: 7.41%
• YTD: 7.20%
• 6M: 7.05%
• 1Y: -1.42%
• 3Y*: 15.89%
• 5Y*: 3.09%
• 10Y*: 13.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RGGYX vs. MGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RGGYX Victory RS Global Fund	12.63%	17.14%	19.94%	26.95%	-18.80%	22.77%	17.27%	30.69%	-5.14%	24.78%
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio	7.20%	1.86%	27.50%	49.70%	-41.57%	0.22%	55.49%	35.44%	-5.65%	49.45%

Correlation

The correlation between RGGYX and MGGIX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.81

The correlation between RGGYX and MGGIX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

RGGYX vs. MGGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RGGYX

RGGYX Risk / Return Rank: 69
RGGYX Sharpe Ratio Rank: 68
RGGYX Sortino Ratio Rank: 65
RGGYX Omega Ratio Rank: 62
RGGYX Calmar Ratio Rank: 73
RGGYX Martin Ratio Rank: 80

MGGIX

MGGIX Risk / Return Rank: 2
MGGIX Sharpe Ratio Rank: 2
MGGIX Sortino Ratio Rank: 3
MGGIX Omega Ratio Rank: 3
MGGIX Calmar Ratio Rank: 2
MGGIX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RGGYX vs. MGGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory RS Global Fund (RGGYX) and Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX). 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.

	RGGYX	MGGIX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	-0.09	+2.29
Sortino ratio: Return per unit of downside risk	3.06	0.04	+3.02
Omega ratio: Gain probability vs. loss probability	1.40	1.01	+0.39
Calmar ratio: Return relative to maximum drawdown	3.15	-0.08	+3.23
Martin ratio: Return relative to average drawdown	13.88	-0.16	+14.05

RGGYX vs. MGGIX - Sharpe Ratio Comparison

The current RGGYX Sharpe Ratio is 2.20, which is higher than the MGGIX Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of RGGYX and MGGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RGGYX vs. MGGIX - Drawdown Comparison

The maximum RGGYX drawdown since its inception was -31.80%, smaller than the maximum MGGIX drawdown of -59.08%. Use the drawdown chart below to compare losses from any high point for RGGYX and MGGIX.

Drawdown Indicators

	RGGYX	MGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.80%	-59.08%	+27.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-27.65%	+18.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-27.65%	+8.95%
Max Drawdown (5Y) Largest decline over 5 years	-26.78%	-51.02%	+24.24%
Max Drawdown (10Y) Largest decline over 10 years	-31.80%	-51.60%	+19.80%
Current Drawdown Current decline from peak	-0.22%	-8.70%	+8.48%
Average Drawdown Average peak-to-trough decline	-3.95%	-11.23%	+7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	12.68%	-10.64%

Volatility

RGGYX vs. MGGIX - Volatility Comparison

The current volatility for Victory RS Global Fund (RGGYX) is 4.88%, while Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio (MGGIX) has a volatility of 9.93%. This indicates that RGGYX experiences smaller price fluctuations and is considered to be less risky than MGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGGYX	MGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	9.93%	-5.05%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	21.02%	-10.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	23.28%	-10.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	26.30%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	23.21%	-6.40%

RGGYX vs. MGGIX - Expense Ratio Comparison

RGGYX has a 0.60% expense ratio, which is lower than MGGIX's 0.95% expense ratio.

Dividends

RGGYX vs. MGGIX - Dividend Comparison

RGGYX's dividend yield for the trailing twelve months is around 0.91%, while MGGIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio	0.00%	0.00%	9.27%	2.13%	22.94%	4.92%	1.16%	0.00%	0.79%	0.39%	7.04%	1.26%
RGGYX Victory RS Global Fund	0.91%	1.03%	1.16%	1.09%	1.29%	3.42%	0.82%	1.38%	4.84%	8.60%	10.38%	3.86%

Frequently Asked Questions

Can I hold both RGGYX and MGGIX in my portfolio?

RGGYX and MGGIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGGYX or MGGIX?

MGGIX has higher volatility (9.93%) compared to RGGYX (4.88%). In terms of maximum drawdown, RGGYX dropped -31.80% vs MGGIX's -59.08%.

Which has better risk-adjusted returns?

RGGYX currently has the higher Sharpe Ratio (2.20 vs -0.09), 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.