CPOAX vs. MEMEX
CPOAX (Morgan Stanley Insight A) and MEMEX (Morgan Stanley Emerging Markets Equity Portfolio) are both mutual funds - CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index, while MEMEX is a Emerging Markets Equities fund managed by Morgan Stanley. Over the past 5 years, CPOAX returned -4.03%/yr vs 7.82%/yr for MEMEX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. CPOAX charges 1.15%/yr vs 1.25%/yr for MEMEX.
Performance
CPOAX vs. MEMEX - Performance Comparison
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Returns By Period
In the year-to-date period, CPOAX achieves a -7.80% return, which is significantly lower than MEMEX's 21.85% return.
CPOAX
- 1D
- -2.37%
- 1M
- -9.05%
- 6M
- -0.21%
- YTD
- -7.80%
- 1Y
- -3.90%
- 3Y*
- 19.22%
- 5Y*
- -4.03%
- 10Y*
- 15.13%
- ALL TIME*
- 10.45%
MEMEX
- 1D
- 2.35%
- 1M
- -2.33%
- 6M
- 11.97%
- YTD
- 21.85%
- 1Y
- 43.88%
- 3Y*
- 21.04%
- 5Y*
- 7.82%
- 10Y*
- —
- ALL TIME*
- 8.41%
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 |
CPOAX vs. MEMEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPOAX Morgan Stanley Insight A | -7.80% | 18.91% | 46.35% | 52.72% | -61.02% | -6.83% | 115.86% | 33.08% | 11.94% | 34.25% |
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 21.85% | 32.98% | 7.82% | 11.90% | -25.14% | 2.99% | 14.40% | 19.61% | -17.46% | 26.45% |
Correlation
The correlation between CPOAX and MEMEX is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.54 |
The correlation between CPOAX and MEMEX has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
CPOAX vs. MEMEX — Risk / Return Rank
CPOAX
MEMEX
CPOAX vs. MEMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight A (CPOAX) and Morgan Stanley Emerging Markets Equity Portfolio (MEMEX). 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.
| CPOAX | MEMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.60 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.49 | 8.87 | -9.35 |
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Drawdowns
CPOAX vs. MEMEX - Drawdown Comparison
The maximum CPOAX drawdown since its inception was -84.57%, which is greater than MEMEX's maximum drawdown of -39.90%. Use the drawdown chart below to compare losses from any high point for CPOAX and MEMEX.
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Drawdown Indicators
| CPOAX | MEMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -39.90% | -44.67% |
Max Drawdown (1Y)Largest decline over 1 year | -28.37% | -16.31% | -12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -17.21% | -14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -70.73% | -37.30% | -33.43% |
Max Drawdown (10Y)Largest decline over 10 years | -71.33% | — | — |
Current DrawdownCurrent decline from peak | -26.90% | -10.31% | -16.59% |
Average DrawdownAverage peak-to-trough decline | -39.12% | -14.91% | -24.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.48% | 4.78% | +9.70% |
Volatility
CPOAX vs. MEMEX - Volatility Comparison
The current volatility for Morgan Stanley Insight A (CPOAX) is 8.05%, while Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) has a volatility of 11.14%. This indicates that CPOAX experiences smaller price fluctuations and is considered to be less risky than MEMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPOAX | MEMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 11.14% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 23.67% | 23.37% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 25.10% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 19.07% | +20.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.27% | 18.90% | +15.37% |
CPOAX vs. MEMEX - Expense Ratio Comparison
CPOAX has a 1.15% expense ratio, which is lower than MEMEX's 1.25% expense ratio.
Dividends
CPOAX vs. MEMEX - Dividend Comparison
CPOAX has not paid dividends to shareholders, while MEMEX's dividend yield for the trailing twelve months is around 4.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPOAX Morgan Stanley Insight A | 0.00% | 0.00% | 0.61% | 0.00% | 51.84% | 14.94% | 9.06% | 7.29% | 9.33% | 28.73% | 9.83% | 8.92% |
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 4.71% | 3.35% | 1.38% | 3.26% | 13.18% | 0.86% | 2.57% | 7.81% | 0.52% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPOAX and MEMEX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEMEX has higher volatility (11.14%) compared to CPOAX (8.05%). In terms of maximum drawdown, CPOAX dropped -84.57% vs MEMEX's -39.90%.
MEMEX currently has the higher Sharpe Ratio (1.69 vs -0.23), 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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