TILUX vs. MGKQX
TILUX (Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund) and MGKQX (Morgan Stanley Global Permanence Portfolio) are both mutual funds - TILUX is a Inflation-Protected Bonds fund managed by Morgan Stanley, while MGKQX is a Global Equities fund managed by Morgan Stanley. Over the past 5 years, TILUX returned 0.63%/yr vs 3.12%/yr for MGKQX. At a 0.18 correlation, their price movements are largely independent. TILUX charges 0.86%/yr vs 0.95%/yr for MGKQX.
Performance
TILUX vs. MGKQX - Performance Comparison
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Returns By Period
In the year-to-date period, TILUX achieves a 0.66% return, which is significantly higher than MGKQX's -2.99% return.
TILUX
- 1D
- -0.36%
- 1M
- 0.21%
- YTD
- 0.66%
- 6M
- 0.93%
- 1Y
- 2.74%
- 3Y*
- 3.53%
- 5Y*
- 0.63%
- 10Y*
- 2.53%
MGKQX
- 1D
- -2.09%
- 1M
- -2.42%
- YTD
- -2.99%
- 6M
- -5.04%
- 1Y
- -17.96%
- 3Y*
- 5.32%
- 5Y*
- 3.12%
- 10Y*
- —
TILUX vs. MGKQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund | 0.66% | 6.41% | 1.86% | 3.34% | -12.14% | 5.42% | 12.70% | 4.27% |
MGKQX Morgan Stanley Global Permanence Portfolio | -2.99% | 5.52% | 10.81% | 20.89% | -19.81% | 19.55% | 27.09% | 6.40% |
Correlation
The correlation between TILUX and MGKQX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2019 | 0.18 |
The correlation between TILUX and MGKQX shifts across timeframes, from 0.18 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TILUX vs. MGKQX — Risk / Return Rank
TILUX
MGKQX
TILUX vs. MGKQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX) and Morgan Stanley Global Permanence Portfolio (MGKQX). 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.
| TILUX | MGKQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.88 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.66 | +1.99 |
| Martin ratioReturn relative to average drawdown | 3.57 | -1.18 | +4.74 |
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Drawdowns
TILUX vs. MGKQX - Drawdown Comparison
The maximum TILUX drawdown since its inception was -14.72%, smaller than the maximum MGKQX drawdown of -33.07%. Use the drawdown chart below to compare losses from any high point for TILUX and MGKQX.
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Drawdown Indicators
| TILUX | MGKQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.72% | -33.07% | +18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -25.97% | +23.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.41% | -25.97% | +21.56% |
Max Drawdown (5Y)Largest decline over 5 years | -14.72% | -30.96% | +16.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.72% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -22.94% | +21.69% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -8.63% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 14.55% | -13.57% |
Volatility
TILUX vs. MGKQX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund (TILUX) is 1.03%, while Morgan Stanley Global Permanence Portfolio (MGKQX) has a volatility of 6.74%. This indicates that TILUX experiences smaller price fluctuations and is considered to be less risky than MGKQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TILUX | MGKQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 6.74% | -5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 15.36% | -12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 25.99% | -21.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 23.92% | -17.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 23.78% | -18.36% |
TILUX vs. MGKQX - Expense Ratio Comparison
TILUX has a 0.86% expense ratio, which is lower than MGKQX's 0.95% expense ratio.
Dividends
TILUX vs. MGKQX - Dividend Comparison
TILUX's dividend yield for the trailing twelve months is around 3.10%, while MGKQX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MGKQX Morgan Stanley Global Permanence Portfolio | 0.00% | 0.00% | 21.29% | 5.29% | 1.80% | 16.33% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
TILUX Morgan Stanley Pathway Funds Inflation-Linked Fixed Income Fund | 3.10% | 2.92% | 3.72% | 1.77% | 16.54% | 9.24% | 2.28% | 2.27% | 3.45% | 3.01% | 2.97% |
Frequently Asked Questions
TILUX and MGKQX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGKQX has higher volatility (6.74%) compared to TILUX (1.03%). In terms of maximum drawdown, TILUX dropped -14.72% vs MGKQX's -33.07%.
TILUX currently has the higher Sharpe Ratio (0.86 vs -0.66), 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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