USGDX vs. MSEQX
USGDX (Morgan Stanley U.S. Government Securities Trust) and MSEQX (Morgan Stanley Growth Portfolio Class I) are both mutual funds - USGDX is a Intermediate Core Bond fund managed by Morgan Stanley, while MSEQX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, USGDX returned 0.27%/yr vs 15.66%/yr for MSEQX. Their -0.09 correlation means they have often moved in opposite directions in the past. USGDX charges 0.52%/yr vs 0.56%/yr for MSEQX.
Performance
USGDX vs. MSEQX - Performance Comparison
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Returns By Period
In the year-to-date period, USGDX achieves a -4.71% return, which is significantly higher than MSEQX's -10.25% return. Over the past 10 years, USGDX has underperformed MSEQX with an annualized return of 0.27%, while MSEQX has yielded a comparatively higher 15.66% annualized return.
USGDX
- 1D
- -1.20%
- 1M
- -3.54%
- 6M
- -4.30%
- YTD
- -4.71%
- 1Y
- -0.16%
- 3Y*
- 2.50%
- 5Y*
- -2.11%
- 10Y*
- 0.27%
- ALL TIME*
- 2.82%
MSEQX
- 1D
- -2.14%
- 1M
- -7.99%
- 6M
- -2.15%
- YTD
- -10.25%
- 1Y
- -4.55%
- 3Y*
- 20.24%
- 5Y*
- -2.75%
- 10Y*
- 15.66%
- ALL TIME*
- 11.46%
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 |
USGDX vs. MSEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | -4.71% | 13.54% | -6.80% | 4.64% | -13.25% | -2.18% | 5.79% | 7.23% | 0.08% | 2.91% |
MSEQX Morgan Stanley Growth Portfolio Class I | -10.25% | 24.78% | 46.65% | 50.25% | -60.18% | 0.00% | 115.60% | 38.25% | 5.38% | 43.91% |
Correlation
The correlation between USGDX and MSEQX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | -0.09 |
The correlation between USGDX and MSEQX shifts across timeframes, from -0.09 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USGDX vs. MSEQX — Risk / Return Rank
USGDX
MSEQX
USGDX vs. MSEQX - 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 Growth Portfolio Class I (MSEQX). 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.
| USGDX | MSEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.29 | +0.54 |
| Martin ratioReturn relative to average drawdown | 0.64 | -0.55 | +1.18 |
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Drawdowns
USGDX vs. MSEQX - Drawdown Comparison
The maximum USGDX drawdown since its inception was -30.33%, smaller than the maximum MSEQX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for USGDX and MSEQX.
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Drawdown Indicators
| USGDX | MSEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.33% | -69.48% | +39.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -27.73% | +19.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -32.52% | +15.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.65% | -69.48% | +39.83% |
Max Drawdown (10Y)Largest decline over 10 years | -30.33% | -69.48% | +39.15% |
Current DrawdownCurrent decline from peak | -11.00% | -21.60% | +10.60% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -16.90% | +13.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 14.43% | -11.18% |
Volatility
USGDX vs. MSEQX - Volatility Comparison
The current volatility for Morgan Stanley U.S. Government Securities Trust (USGDX) is 2.97%, while Morgan Stanley Growth Portfolio Class I (MSEQX) has a volatility of 7.38%. This indicates that USGDX experiences smaller price fluctuations and is considered to be less risky than MSEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USGDX | MSEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 7.38% | -4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 22.96% | -15.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 29.74% | -21.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 39.91% | -27.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.98% | 33.93% | -24.95% |
USGDX vs. MSEQX - Expense Ratio Comparison
USGDX has a 0.52% expense ratio, which is lower than MSEQX's 0.56% expense ratio.
Dividends
USGDX vs. MSEQX - Dividend Comparison
USGDX's dividend yield for the trailing twelve months is around 4.88%, while MSEQX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEQX Morgan Stanley Growth Portfolio Class I | 0.00% | 0.00% | 0.55% | 0.00% | 16.79% | 24.24% | 9.36% | 21.39% | 5.38% | 21.18% | 12.71% | 7.55% |
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% |
Frequently Asked Questions
USGDX and MSEQX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEQX has higher volatility (7.38%) compared to USGDX (2.97%). In terms of maximum drawdown, USGDX dropped -30.33% vs MSEQX's -69.48%.
USGDX currently has the higher Sharpe Ratio (0.24 vs -0.27), 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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