CPODX vs. VHCAX

Last updated Jun 25, 2026

CPODX (Morgan Stanley Insight Fund) and VHCAX (Vanguard Capital Opportunity Fund Admiral Shares) are both Large Cap Growth Equities funds. Over the past 10 years, CPODX returned 16.75%/yr vs 17.80%/yr for VHCAX. Their correlation of 0.81 suggests significant overlap in exposure. CPODX charges 0.83%/yr vs 0.36%/yr for VHCAX.

Performance

CPODX vs. VHCAX - Performance Comparison

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

Returns By Period

In the year-to-date period, CPODX achieves a -3.80% return, which is significantly lower than VHCAX's 24.44% return. Over the past 10 years, CPODX has underperformed VHCAX with an annualized return of 16.75%, while VHCAX has yielded a comparatively higher 17.80% annualized return.

CPODX

• 1D: -0.58%
• 1M: -2.33%
• YTD: -3.80%
• 6M: -7.78%
• 1Y: -0.04%
• 3Y*: 25.40%
• 5Y*: -3.38%
• 10Y*: 16.75%

VHCAX

• 1D: -3.00%
• 1M: 5.11%
• YTD: 24.44%
• 6M: 22.59%
• 1Y: 50.04%
• 3Y*: 25.91%
• 5Y*: 13.68%
• 10Y*: 17.80%

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

CPODX vs. VHCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPODX Morgan Stanley Insight Fund	-3.80%	19.23%	46.73%	53.03%	-60.99%	-6.54%	116.44%	33.45%	12.29%	48.76%
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	24.44%	25.83%	14.07%	25.63%	-17.56%	20.92%	22.83%	27.30%	-3.71%	28.37%

Correlation

The correlation between CPODX and VHCAX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001	0.81

The correlation between CPODX and VHCAX shifts across timeframes, from 0.64 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CPODX vs. VHCAX — Risk / Return Rank

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

CPODX

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

VHCAX

VHCAX Risk / Return Rank: 88
VHCAX Sharpe Ratio Rank: 91
VHCAX Sortino Ratio Rank: 85
VHCAX Omega Ratio Rank: 83
VHCAX Calmar Ratio Rank: 89
VHCAX Martin Ratio Rank: 93

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. VHCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight Fund (CPODX) and Vanguard Capital Opportunity Fund Admiral Shares (VHCAX). 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.

	CPODX	VHCAX	Difference
Sharpe ratio: Return per unit of total volatility	0.06	2.81	-2.76
Sortino ratio: Return per unit of downside risk	0.29	3.70	-3.42
Omega ratio: Gain probability vs. loss probability	1.03	1.50	-0.47
Calmar ratio: Return relative to maximum drawdown	0.06	4.24	-4.18
Martin ratio: Return relative to average drawdown	0.12	18.67	-18.55

CPODX vs. VHCAX - Sharpe Ratio Comparison

The current CPODX Sharpe Ratio is 0.06, which is lower than the VHCAX Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of CPODX and VHCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPODX vs. VHCAX - Drawdown Comparison

The maximum CPODX drawdown since its inception was -84.51%, which is greater than VHCAX's maximum drawdown of -54.27%. Use the drawdown chart below to compare losses from any high point for CPODX and VHCAX.

Drawdown Indicators

	CPODX	VHCAX	Difference
Max Drawdown Largest peak-to-trough decline	-84.51%	-54.27%	-30.24%
Max Drawdown (1Y) Largest decline over 1 year	-28.28%	-12.42%	-15.86%
Max Drawdown (3Y) Largest decline over 3 years	-31.37%	-23.92%	-7.45%
Max Drawdown (5Y) Largest decline over 5 years	-70.71%	-27.55%	-43.16%
Max Drawdown (10Y) Largest decline over 10 years	-71.26%	-33.78%	-37.48%
Current Drawdown Current decline from peak	-22.92%	-3.00%	-19.92%
Average Drawdown Average peak-to-trough decline	-38.42%	-8.39%	-30.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.53%	2.82%	+10.71%

Volatility

CPODX vs. VHCAX - Volatility Comparison

Morgan Stanley Insight Fund (CPODX) has a higher volatility of 10.68% compared to Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) at 9.08%. This indicates that CPODX's price experiences larger fluctuations and is considered to be riskier than VHCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPODX	VHCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	9.08%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	22.84%	15.81%	+7.03%
Volatility (1Y) Calculated over the trailing 1-year period	29.97%	18.73%	+11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.91%	20.14%	+19.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.19%	20.42%	+13.77%

CPODX vs. VHCAX - Expense Ratio Comparison

CPODX has a 0.83% expense ratio, which is higher than VHCAX's 0.36% expense ratio.

Dividends

CPODX vs. VHCAX - Dividend Comparison

CPODX has not paid dividends to shareholders, while VHCAX's dividend yield for the trailing twelve months is around 7.81%.

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%
VHCAX Vanguard Capital Opportunity Fund Admiral Shares	7.81%	9.71%	8.24%	2.40%	9.35%	10.55%	9.19%	6.48%	12.23%	3.87%	5.74%	5.39%

Frequently Asked Questions

Can I hold both CPODX and VHCAX in my portfolio?

CPODX and VHCAX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPODX or VHCAX?

CPODX has higher volatility (10.68%) compared to VHCAX (9.08%). In terms of maximum drawdown, CPODX dropped -84.51% vs VHCAX's -54.27%.

Which has better risk-adjusted returns?

VHCAX currently has the higher Sharpe Ratio (2.81 vs 0.06), 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.