CPOAX vs. TEMUX
CPOAX (Morgan Stanley Insight A) and TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) are both mutual funds - CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index, while TEMUX is a Emerging Markets Equities fund managed by Morgan Stanley. Over the past 10 years, CPOAX returned 15.13%/yr vs 7.84%/yr for TEMUX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. CPOAX charges 1.15%/yr vs 0.81%/yr for TEMUX.
Performance
CPOAX vs. TEMUX - 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 TEMUX's 19.24% return. Over the past 10 years, CPOAX has outperformed TEMUX with an annualized return of 15.13%, while TEMUX has yielded a comparatively lower 7.84% annualized 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%
TEMUX
- 1D
- 2.50%
- 1M
- -1.04%
- 6M
- 10.47%
- YTD
- 19.24%
- 1Y
- 37.83%
- 3Y*
- 18.63%
- 5Y*
- 6.84%
- 10Y*
- 7.84%
- ALL TIME*
- 5.49%
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. TEMUX - 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% | 48.40% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 19.24% | 34.68% | 5.47% | 9.87% | -21.75% | -3.50% | 11.18% | 22.44% | -18.73% | 39.16% |
Correlation
The correlation between CPOAX and TEMUX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | 0.54 |
The correlation between CPOAX and TEMUX has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
CPOAX vs. TEMUX — Risk / Return Rank
CPOAX
TEMUX
CPOAX vs. TEMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight A (CPOAX) and Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX). 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 | TEMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 3.22 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.49 | 9.72 | -10.21 |
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Drawdowns
CPOAX vs. TEMUX - Drawdown Comparison
The maximum CPOAX drawdown since its inception was -84.57%, which is greater than TEMUX's maximum drawdown of -68.20%. Use the drawdown chart below to compare losses from any high point for CPOAX and TEMUX.
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Drawdown Indicators
| CPOAX | TEMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -68.20% | -16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -28.37% | -13.10% | -15.27% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -16.86% | -14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -70.73% | -36.42% | -34.31% |
Max Drawdown (10Y)Largest decline over 10 years | -71.33% | -40.17% | -31.16% |
Current DrawdownCurrent decline from peak | -26.90% | -7.53% | -19.37% |
Average DrawdownAverage peak-to-trough decline | -39.12% | -21.75% | -17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.48% | 4.16% | +10.32% |
Volatility
CPOAX vs. TEMUX - Volatility Comparison
The current volatility for Morgan Stanley Insight A (CPOAX) is 8.05%, while Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a volatility of 9.32%. This indicates that CPOAX experiences smaller price fluctuations and is considered to be less risky than TEMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPOAX | TEMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 9.32% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 23.67% | 18.96% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 21.41% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 18.12% | +21.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.27% | 18.07% | +16.20% |
CPOAX vs. TEMUX - Expense Ratio Comparison
CPOAX has a 1.15% expense ratio, which is higher than TEMUX's 0.81% expense ratio.
Dividends
CPOAX vs. TEMUX - Dividend Comparison
CPOAX has not paid dividends to shareholders, while TEMUX's dividend yield for the trailing twelve months is around 2.03%.
| 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% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 2.03% | 2.43% | 2.09% | 2.41% | 1.92% | 4.47% | 1.96% | 1.81% | 1.67% | 1.26% | 1.10% | 1.44% |
Frequently Asked Questions
CPOAX and TEMUX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEMUX has higher volatility (9.32%) compared to CPOAX (8.05%). In terms of maximum drawdown, CPOAX dropped -84.57% vs TEMUX's -68.20%.
TEMUX currently has the higher Sharpe Ratio (1.97 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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