CPODX vs. CPOAX

Last updated Jun 4, 2026

CPODX (Morgan Stanley Insight Fund) and CPOAX (Morgan Stanley Insight A) are both Large Cap Growth Equities funds from Morgan Stanley. Over the past 10 years, CPODX returned 17.43%/yr vs 17.14%/yr for CPOAX. With a 1.00 correlation, they move nearly in lockstep. CPODX charges 0.83%/yr vs 1.15%/yr for CPOAX.

Performance

CPODX vs. CPOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Insight Fund (CPODX) and Morgan Stanley Insight A (CPOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CPODX having a 4.72% return and CPOAX slightly lower at 4.60%. Both investments have delivered pretty close results over the past 10 years, with CPODX having a 17.43% annualized return and CPOAX not far behind at 17.14%.

CPODX

• 1D: -1.27%
• 1M: 6.93%
• YTD: 4.72%
• 6M: 1.34%
• 1Y: 13.62%
• 3Y*: 29.95%
• 5Y*: 0.48%
• 10Y*: 17.43%

CPOAX

• 1D: -1.26%
• 1M: 6.92%
• YTD: 4.60%
• 6M: 1.21%
• 1Y: 13.31%
• 3Y*: 29.62%
• 5Y*: 0.26%
• 10Y*: 17.14%

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

CPODX vs. CPOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPODX Morgan Stanley Insight Fund	4.72%	19.23%	46.73%	53.03%	-60.99%	-6.54%	116.44%	33.45%	12.29%	48.76%
CPOAX Morgan Stanley Insight A	4.60%	18.91%	46.35%	52.72%	-61.02%	-6.83%	115.86%	33.08%	11.94%	48.40%

Correlation

The correlation between CPODX and CPOAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 29, 1997	1.00

The correlation between CPODX and CPOAX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

CPODX vs. CPOAX — Risk / Return Rank

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

CPODX

CPODX Risk / Return Rank: 6
CPODX Sharpe Ratio Rank: 6
CPODX Sortino Ratio Rank: 7
CPODX Omega Ratio Rank: 7
CPODX Calmar Ratio Rank: 5
CPODX Martin Ratio Rank: 5

CPOAX

CPOAX Risk / Return Rank: 6
CPOAX Sharpe Ratio Rank: 6
CPOAX Sortino Ratio Rank: 7
CPOAX Omega Ratio Rank: 7
CPOAX Calmar Ratio Rank: 5
CPOAX Martin Ratio Rank: 5

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.

CPODX vs. CPOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight Fund (CPODX) and Morgan Stanley Insight A (CPOAX). 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.

	CPODX	CPOAX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	0.49	+0.01
Sortino ratio: Return per unit of downside risk	0.88	0.86	+0.01
Omega ratio: Gain probability vs. loss probability	1.11	1.10	0.00
Calmar ratio: Return relative to maximum drawdown	0.51	0.50	+0.01
Martin ratio: Return relative to average drawdown	1.11	1.08	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPODX vs. CPOAX - Sharpe Ratio Comparison

The current CPODX Sharpe Ratio is 0.50, which is comparable to the CPOAX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of CPODX and CPOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPODX	CPOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	0.49	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.01	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.50	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.35	+0.01

Drawdowns

CPODX vs. CPOAX - Drawdown Comparison

The maximum CPODX drawdown since its inception was -84.51%, roughly equal to the maximum CPOAX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for CPODX and CPOAX.

Drawdown Indicators

	CPODX	CPOAX	Difference
Max Drawdown Largest peak-to-trough decline	-84.51%	-84.57%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-28.28%	-28.37%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-31.37%	-31.38%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-70.71%	-70.73%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-71.26%	-71.33%	+0.07%
Current Drawdown Current decline from peak	-16.09%	-17.08%	+0.99%
Average Drawdown Average peak-to-trough decline	-38.46%	-39.22%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.06%	13.13%	-0.07%

Volatility

CPODX vs. CPOAX - Volatility Comparison

Morgan Stanley Insight Fund (CPODX) and Morgan Stanley Insight A (CPOAX) have volatilities of 8.49% and 8.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPODX	CPOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	8.49%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	21.71%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	28.66%	28.66%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.74%	39.75%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.08%	34.08%	0.00%

CPODX vs. CPOAX - Expense Ratio Comparison

CPODX has a 0.83% expense ratio, which is lower than CPOAX's 1.15% expense ratio.

Dividends

CPODX vs. CPOAX - Dividend Comparison

Neither CPODX nor CPOAX 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%
CPODX Morgan Stanley Insight Fund	0.00%	0.00%	0.64%	0.00%	41.78%	12.90%	7.97%	6.49%	8.40%	26.14%	9.16%	8.38%

Frequently Asked Questions

Can I hold both CPODX and CPOAX in my portfolio?

With a correlation of 1.00, CPODX and CPOAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CPODX or CPOAX?

CPOAX has higher volatility (8.49%) compared to CPODX (8.49%). In terms of maximum drawdown, CPODX dropped -84.51% vs CPOAX's -84.57%.

Which has better risk-adjusted returns?

CPODX currently has the higher Sharpe Ratio (0.50 vs 0.49), 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.