BMDSX vs. MMGPX
BMDSX (Baird Mid Cap Growth Fund) and MMGPX (Morgan Stanley Discovery Portfolio) are both Mid Cap Growth Equities funds. Over the past 5 years, BMDSX returned -2.59%/yr vs -6.17%/yr for MMGPX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. BMDSX charges 1.05%/yr vs 0.04%/yr for MMGPX.
Performance
BMDSX vs. MMGPX - Performance Comparison
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Returns By Period
In the year-to-date period, BMDSX achieves a 7.10% return, which is significantly higher than MMGPX's -0.96% return.
BMDSX
- 1D
- -0.33%
- 1M
- -1.68%
- 6M
- 4.81%
- YTD
- 7.10%
- 1Y
- -0.79%
- 3Y*
- -0.95%
- 5Y*
- -2.59%
- 10Y*
- 8.65%
- ALL TIME*
- 7.14%
MMGPX
- 1D
- 2.26%
- 1M
- -3.86%
- 6M
- 4.78%
- YTD
- -0.96%
- 1Y
- -10.52%
- 3Y*
- 17.63%
- 5Y*
- -6.17%
- 10Y*
- —
- ALL TIME*
- 14.86%
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 |
BMDSX vs. MMGPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 7.10% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -1.52% | 22.56% |
MMGPX Morgan Stanley Discovery Portfolio | -0.96% | 12.58% | 41.83% | 44.34% | -63.37% | -11.55% | 152.67% | 40.20% | 10.89% | 28.18% |
Correlation
The correlation between BMDSX and MMGPX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.76 |
The correlation between BMDSX and MMGPX shifts across timeframes, from 0.63 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BMDSX vs. MMGPX — Risk / Return Rank
BMDSX
MMGPX
BMDSX vs. MMGPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Mid Cap Growth Fund (BMDSX) and Morgan Stanley Discovery Portfolio (MMGPX). 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.
| BMDSX | MMGPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.97 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.34 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.60 | -0.66 | +0.06 |
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Drawdowns
BMDSX vs. MMGPX - Drawdown Comparison
The maximum BMDSX drawdown since its inception was -53.96%, smaller than the maximum MMGPX drawdown of -75.38%. Use the drawdown chart below to compare losses from any high point for BMDSX and MMGPX.
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Drawdown Indicators
| BMDSX | MMGPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -75.38% | +21.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -27.79% | +14.47% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -29.27% | +4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -72.70% | +36.46% |
Max Drawdown (10Y)Largest decline over 10 years | -36.24% | — | — |
Current DrawdownCurrent decline from peak | -20.32% | -40.82% | +20.50% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -30.40% | +19.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 14.47% | -7.63% |
Volatility
BMDSX vs. MMGPX - Volatility Comparison
The current volatility for Baird Mid Cap Growth Fund (BMDSX) is 3.29%, while Morgan Stanley Discovery Portfolio (MMGPX) has a volatility of 6.84%. This indicates that BMDSX experiences smaller price fluctuations and is considered to be less risky than MMGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMDSX | MMGPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 6.84% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 21.99% | -10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 28.90% | -13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 39.83% | -18.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 35.11% | -14.35% |
BMDSX vs. MMGPX - Expense Ratio Comparison
BMDSX has a 1.05% expense ratio, which is higher than MMGPX's 0.04% expense ratio.
Dividends
BMDSX vs. MMGPX - Dividend Comparison
BMDSX's dividend yield for the trailing twelve months is around 12.96%, while MMGPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 12.96% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
MMGPX Morgan Stanley Discovery Portfolio | 0.00% | 0.43% | 0.00% | 0.00% | 125.40% | 64.53% | 7.93% | 15.63% | 28.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BMDSX and MMGPX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMGPX has higher volatility (6.84%) compared to BMDSX (3.29%). In terms of maximum drawdown, BMDSX dropped -53.96% vs MMGPX's -75.38%.
BMDSX currently has the higher Sharpe Ratio (-0.22 vs -0.33), 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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