SSMGX vs. MACGX
Compare and contrast key facts about SIT Small Cap Growth Fund (SSMGX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
SSMGX is managed by Sit. It was launched on Jul 1, 1994. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
SSMGX vs. MACGX - Performance Comparison
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SSMGX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSMGX SIT Small Cap Growth Fund | 1.24% | 9.40% | 13.42% | 16.93% | -25.59% | 15.80% | 35.97% | 29.19% | -10.88% | 15.69% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -15.37% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Returns By Period
In the year-to-date period, SSMGX achieves a 1.24% return, which is significantly higher than MACGX's -15.37% return. Over the past 10 years, SSMGX has underperformed MACGX with an annualized return of 9.55%, while MACGX has yielded a comparatively higher 12.24% annualized return.
SSMGX
- 1D
- -2.56%
- 1M
- -9.50%
- YTD
- 1.24%
- 6M
- 3.23%
- 1Y
- 23.28%
- 3Y*
- 11.40%
- 5Y*
- 3.28%
- 10Y*
- 9.55%
MACGX
- 1D
- -1.27%
- 1M
- -9.24%
- YTD
- -15.37%
- 6M
- -23.86%
- 1Y
- 2.03%
- 3Y*
- 19.63%
- 5Y*
- -8.24%
- 10Y*
- 12.24%
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SSMGX vs. MACGX - Expense Ratio Comparison
SSMGX has a 1.50% expense ratio, which is higher than MACGX's 1.00% expense ratio.
Return for Risk
SSMGX vs. MACGX — Risk / Return Rank
SSMGX
MACGX
SSMGX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SIT Small Cap Growth Fund (SSMGX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.
| SSMGX | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.10 | +0.92 |
Sortino ratioReturn per unit of downside risk | 1.54 | 0.37 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.05 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.02 | +1.58 |
Martin ratioReturn relative to average drawdown | 6.49 | -0.06 | +6.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSMGX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.10 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.17 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.31 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.30 | +0.05 |
Correlation
The correlation between SSMGX and MACGX is 0.84, 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.
Dividends
SSMGX vs. MACGX - Dividend Comparison
SSMGX's dividend yield for the trailing twelve months is around 5.41%, while MACGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMGX SIT Small Cap Growth Fund | 5.41% | 5.48% | 4.69% | 3.13% | 1.73% | 15.89% | 3.44% | 3.14% | 9.80% | 6.81% | 0.17% | 10.68% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Drawdowns
SSMGX vs. MACGX - Drawdown Comparison
The maximum SSMGX drawdown since its inception was -65.75%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for SSMGX and MACGX.
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Drawdown Indicators
| SSMGX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -77.61% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -27.55% | +14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.37% | -77.61% | +43.24% |
Max Drawdown (10Y)Largest decline over 10 years | -35.72% | -77.61% | +41.89% |
Current DrawdownCurrent decline from peak | -10.05% | -52.95% | +42.90% |
Average DrawdownAverage peak-to-trough decline | -19.15% | -25.53% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 10.82% | -7.58% |
Volatility
SSMGX vs. MACGX - Volatility Comparison
The current volatility for SIT Small Cap Growth Fund (SSMGX) is 7.29%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 8.06%. This indicates that SSMGX experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSMGX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 8.06% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 21.82% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.81% | 31.94% | -9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.77% | 48.40% | -26.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 39.18% | -17.67% |