CPOAX vs. MRJAX

Last updated Jun 25, 2026

CPOAX (Morgan Stanley Insight A) and MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) are both mutual funds - CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index, while MRJAX is a Global Equities fund managed by Morgan Stanley. At a 0.30 correlation, their price movements are largely independent. CPOAX charges 1.15%/yr vs 1.10%/yr for MRJAX.

Performance

CPOAX vs. MRJAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Insight A (CPOAX) and Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CPOAX

• 1D: -0.57%
• 1M: -2.34%
• YTD: -3.92%
• 6M: -7.89%
• 1Y: -0.30%
• 3Y*: 25.08%
• 5Y*: -3.59%
• 10Y*: 16.46%

MRJAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPOAX vs. MRJAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CPOAX Morgan Stanley Insight A	-3.92%	18.91%	46.35%	52.72%	-61.02%	-6.83%	115.86%	33.08%	-11.56%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.79%	-0.55%	5.09%	2.74%	21.57%	0.07%	17.93%	-8.38%

Correlation

The correlation between CPOAX and MRJAX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.30

Over the past year, the correlation between CPOAX and MRJAX has dropped to 0.00 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

CPOAX vs. MRJAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPOAX

CPOAX Risk / Return Rank: 3
CPOAX Sharpe Ratio Rank: 3
CPOAX Sortino Ratio Rank: 4
CPOAX Omega Ratio Rank: 4
CPOAX Calmar Ratio Rank: 3
CPOAX Martin Ratio Rank: 3

MRJAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPOAX vs. MRJAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight A (CPOAX) and Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX). 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	MRJAX	Difference
Sharpe ratio: Return per unit of total volatility	0.05	—	—
Sortino ratio: Return per unit of downside risk	0.27	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.05	—	—
Martin ratio: Return relative to average drawdown	0.10	—	—

Drawdowns

Drawdown Indicators

	CPOAX	MRJAX	Difference
Max Drawdown Largest peak-to-trough decline	-84.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-70.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.33%	—	—
Current Drawdown Current decline from peak	-23.83%	—	—
Average Drawdown Average peak-to-trough decline	-39.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.61%	—	—

Volatility

Volatility by Period

	CPOAX	MRJAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.97%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.92%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.19%	—	—

CPOAX vs. MRJAX - Expense Ratio Comparison

CPOAX has a 1.15% expense ratio, which is higher than MRJAX's 1.10% expense ratio.

Dividends

CPOAX vs. MRJAX - Dividend Comparison

Neither CPOAX nor MRJAX has paid dividends to shareholders.

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%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	0.00%	11.24%	4.40%	4.04%	15.24%	1.09%	1.40%	1.22%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPOAX and MRJAX in my portfolio?

CPOAX and MRJAX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.