CPODX vs. MPEGX

Last updated Jun 4, 2026

CPODX (Morgan Stanley Insight Fund) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - CPODX is a Large Cap Growth Equities fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, CPODX returned 17.43%/yr vs 15.05%/yr for MPEGX. Their correlation of 0.94 suggests significant overlap in exposure. CPODX charges 0.83%/yr vs 0.72%/yr for MPEGX.

Performance

CPODX vs. MPEGX - Performance Comparison

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

Returns By Period

In the year-to-date period, CPODX achieves a 4.72% return, which is significantly lower than MPEGX's 6.71% return. Over the past 10 years, CPODX has outperformed MPEGX with an annualized return of 17.43%, while MPEGX has yielded a comparatively lower 15.05% annualized return.

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%

MPEGX

• 1D: -1.69%
• 1M: 5.93%
• YTD: 6.71%
• 6M: 3.22%
• 1Y: 6.02%
• 3Y*: 27.25%
• 5Y*: -2.93%
• 10Y*: 15.05%

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

CPODX vs. MPEGX - 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%
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio	6.71%	14.05%	42.38%	46.66%	-63.39%	-12.37%	142.68%	39.73%	12.19%	39.39%

Correlation

The correlation between CPODX and MPEGX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 29, 1997	0.94

The correlation between CPODX and MPEGX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

CPODX vs. MPEGX — 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

MPEGX

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

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. MPEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight Fund (CPODX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX). 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	MPEGX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	0.26	+0.24
Sortino ratio: Return per unit of downside risk	0.88	0.56	+0.32
Omega ratio: Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio: Return relative to maximum drawdown	0.51	0.27	+0.25
Martin ratio: Return relative to average drawdown	1.11	0.58	+0.53
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. MPEGX - Sharpe Ratio Comparison

The current CPODX Sharpe Ratio is 0.50, which is higher than the MPEGX Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of CPODX and MPEGX, 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	MPEGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	0.26	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	-0.07	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.44	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.49	-0.13

Drawdowns

CPODX vs. MPEGX - Drawdown Comparison

The maximum CPODX drawdown since its inception was -84.51%, which is greater than MPEGX's maximum drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for CPODX and MPEGX.

Drawdown Indicators

	CPODX	MPEGX	Difference
Max Drawdown Largest peak-to-trough decline	-84.51%	-75.29%	-9.22%
Max Drawdown (1Y) Largest decline over 1 year	-28.28%	-27.46%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-31.37%	-28.53%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-70.71%	-72.99%	+2.28%
Max Drawdown (10Y) Largest decline over 10 years	-71.26%	-75.29%	+4.03%
Current Drawdown Current decline from peak	-16.09%	-34.03%	+17.94%
Average Drawdown Average peak-to-trough decline	-38.46%	-21.22%	-17.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.06%	12.67%	+0.39%

Volatility

CPODX vs. MPEGX - Volatility Comparison

The current volatility for Morgan Stanley Insight Fund (CPODX) is 8.49%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 8.94%. This indicates that CPODX experiences smaller price fluctuations and is considered to be less risky than MPEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPODX	MPEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	8.94%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	21.23%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	28.66%	27.78%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.74%	40.21%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.08%	34.53%	-0.45%

CPODX vs. MPEGX - Expense Ratio Comparison

CPODX has a 0.83% expense ratio, which is higher than MPEGX's 0.72% expense ratio.

Dividends

CPODX vs. MPEGX - Dividend Comparison

Neither CPODX nor MPEGX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	35.82%	7.63%	12.05%	23.88%	41.11%	67.79%	13.20%

Frequently Asked Questions

Can I hold both CPODX and MPEGX in my portfolio?

With a correlation of 0.96, CPODX and MPEGX 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 MPEGX?

MPEGX has higher volatility (8.94%) compared to CPODX (8.49%). In terms of maximum drawdown, CPODX dropped -84.51% vs MPEGX's -75.29%.

Which has better risk-adjusted returns?

CPODX currently has the higher Sharpe Ratio (0.50 vs 0.26), 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.