USGDX vs. MACGX
Compare and contrast key facts about Morgan Stanley U.S. Government Securities Trust (USGDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
USGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
USGDX vs. MACGX - Performance Comparison
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USGDX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | -1.71% | 13.54% | -6.80% | 4.64% | -13.25% | -2.18% | 5.79% | 7.23% | 0.08% | 2.91% |
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, USGDX achieves a -1.71% return, which is significantly higher than MACGX's -15.37% return. Over the past 10 years, USGDX has underperformed MACGX with an annualized return of 0.79%, while MACGX has yielded a comparatively higher 12.24% annualized return.
USGDX
- 1D
- 1.03%
- 1M
- -4.72%
- YTD
- -1.71%
- 6M
- 0.22%
- 1Y
- 4.06%
- 3Y*
- 1.93%
- 5Y*
- -1.10%
- 10Y*
- 0.79%
MACGX
- 1D
- -1.27%
- 1M
- -9.54%
- YTD
- -15.37%
- 6M
- -23.28%
- 1Y
- 3.77%
- 3Y*
- 19.63%
- 5Y*
- -8.24%
- 10Y*
- 12.24%
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USGDX vs. MACGX - Expense Ratio Comparison
USGDX has a 0.52% expense ratio, which is lower than MACGX's 1.00% expense ratio.
Return for Risk
USGDX vs. MACGX — Risk / Return Rank
USGDX
MACGX
USGDX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley U.S. Government Securities Trust (USGDX) 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.
| USGDX | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.10 | +0.35 |
Sortino ratioReturn per unit of downside risk | 0.69 | 0.37 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.02 | +0.68 |
Martin ratioReturn relative to average drawdown | 1.65 | -0.06 | +1.70 |
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
| USGDX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.10 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.17 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.31 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.30 | +0.19 |
Correlation
The correlation between USGDX and MACGX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
USGDX vs. MACGX - Dividend Comparison
USGDX's dividend yield for the trailing twelve months is around 4.88%, while MACGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | 4.88% | 4.73% | 5.20% | 3.09% | 2.51% | 2.18% | 2.79% | 3.67% | 3.13% | 3.11% | 3.13% | 2.63% |
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
USGDX vs. MACGX - Drawdown Comparison
The maximum USGDX drawdown since its inception was -30.33%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for USGDX and MACGX.
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Drawdown Indicators
| USGDX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.33% | -77.61% | +47.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -27.55% | +18.33% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -77.61% | +47.80% |
Max Drawdown (10Y)Largest decline over 10 years | -30.33% | -77.61% | +47.28% |
Current DrawdownCurrent decline from peak | -8.20% | -52.95% | +44.75% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -25.53% | +22.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 10.82% | -7.14% |
Volatility
USGDX vs. MACGX - Volatility Comparison
The current volatility for Morgan Stanley U.S. Government Securities Trust (USGDX) is 3.17%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 8.06%. This indicates that USGDX 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
| USGDX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 8.06% | -4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 21.82% | -16.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.15% | 31.94% | -21.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 48.40% | -36.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 39.18% | -30.37% |