- Issuer
- Morgan Stanley
- Inception Date
- Apr 30, 2017
- Category
- Mid Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MMGPX Performance Chart
Morgan Stanley Discovery Portfolio (MMGPX) is down 3.2% since the beginning of the year. MMGPX is currently trading at $7 per share. Investors who bought $1,000 worth of MMGPX shares 5 years ago would now be looking at an investment worth $711.
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Returns By Period
Morgan Stanley Discovery Portfolio (MMGPX) has returned -3.15% so far this year and -11.51% over the past 12 months.
Morgan Stanley Discovery Portfolio
- 1D
- -1.94%
- 1M
- -4.72%
- 6M
- -0.28%
- YTD
- -3.15%
- 1Y
- -11.51%
- 3Y*
- 17.64%
- 5Y*
- -6.59%
- 10Y*
- —
- ALL TIME*
- 14.59%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
MMGPX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, MMGPX's average daily return is +0.08%, while the average monthly return is +1.53%. At this rate, an investment would double in approximately 3.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +24.0%, while the worst month was Apr 2022 at -22.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, MMGPX closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +13.6%, while the worst single day was Mar 16, 2020 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.48% | -1.01% | -4.98% | 10.02% | 9.52% | -5.12% | -4.72% | -3.15% | |||||
| 2025 | 8.91% | -6.35% | -9.64% | 7.83% | 12.98% | 7.80% | 3.20% | -0.12% | 0.25% | 0.25% | -8.86% | -1.48% | 12.58% |
| 2024 | -8.28% | 13.06% | 3.78% | -10.53% | 0.45% | 3.60% | 2.17% | 6.38% | 6.00% | 7.74% | 20.84% | -5.65% | 41.83% |
| 2023 | 16.35% | -3.51% | 3.36% | -6.50% | 8.12% | 9.92% | 8.78% | -10.31% | -5.50% | -8.99% | 14.24% | 16.79% | 44.34% |
| 2022 | -21.54% | -1.87% | -5.18% | -22.75% | -17.79% | -7.22% | 12.46% | 0.48% | -11.61% | 0.54% | -5.87% | -9.92% | -63.37% |
| 2021 | 9.77% | 2.29% | -12.23% | 3.03% | -5.61% | 12.88% | -5.99% | 0.82% | -5.22% | 11.06% | -7.02% | -11.85% | -11.55% |
Benchmark Metrics
Morgan Stanley Discovery Portfolio has an annualized alpha of 2.03%, beta of 1.31, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since February 01, 2017.
- This fund captured 117.12% of S&P 500 Index gains and 109.79% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.03%
- Beta
- 1.31
- R²
- 0.47
- Upside Capture
- 117.12%
- Downside Capture
- 109.79%
Expense Ratio
MMGPX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
MMGPX ranks 2 for risk / return — above 2% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Morgan Stanley Discovery Portfolio (MMGPX) and compare them to S&P 500 Index.
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.
| MMGPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.24 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.86 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.78 | 7.90 | -8.69 |
Dividends
Dividend History
Morgan Stanley Discovery Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.03 | $0.00 | $0.00 | $3.99 | $11.00 | $2.34 | $2.04 | $3.00 |
Dividend yield | 0.00% | 0.43% | 0.00% | 0.00% | 125.40% | 64.53% | 7.93% | 15.63% | 28.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Discovery Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.99 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Morgan Stanley Discovery Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Morgan Stanley Discovery Portfolio was 75.38%, occurring on Jan 5, 2023. The portfolio has not yet recovered.
The current Morgan Stanley Discovery Portfolio drawdown is 42.13%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-75.38%Jan 2023 | 1y 10mo | — | 5y 5moFeb 2021 - now | — |
-35.64%Mar 2020 | 24d | 1mo 20d | 2mo 14dFeb 2020 - May 2020 | COVID crash2020 |
-26.10%Dec 2018 | 3mo 11d | 2mo 3d | 5mo 14dSep 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-17.56%Nov 2019 | 3mo 11d | 2mo 29d | 6mo 10dJul 2019 - Feb 2020 | — |
-13.55%Nov 2020 | 19d | 23d | 1mo 12dOct 2020 - Nov 2020 | — |
Drawdown Indicators
| MMGPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.38% | -56.78% | -18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -27.79% | -9.10% | -18.69% |
Max Drawdown (3Y)Largest decline over 3 years | -29.27% | -18.90% | -10.37% |
Max Drawdown (5Y)Largest decline over 5 years | -72.70% | -25.43% | -47.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -42.13% | -2.26% | -39.87% |
Average DrawdownAverage peak-to-trough decline | -30.40% | -10.70% | -19.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.43% | 2.14% | +12.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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