CTIGX vs. MACGX
Compare and contrast key facts about Calamos Timpani SMID Growth Fund (CTIGX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
CTIGX is managed by Calamos. It was launched on Jul 31, 2019. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
CTIGX vs. MACGX - Performance Comparison
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CTIGX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CTIGX Calamos Timpani SMID Growth Fund | -5.11% | 21.21% | 44.09% | 12.26% | -34.88% | 7.64% | 58.94% | -3.80% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -15.37% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | -6.18% |
Returns By Period
In the year-to-date period, CTIGX achieves a -5.11% return, which is significantly higher than MACGX's -15.37% return.
CTIGX
- 1D
- -3.45%
- 1M
- -9.97%
- YTD
- -5.11%
- 6M
- -0.49%
- 1Y
- 31.37%
- 3Y*
- 20.88%
- 5Y*
- 4.28%
- 10Y*
- —
MACGX
- 1D
- -1.27%
- 1M
- -9.54%
- YTD
- -15.37%
- 6M
- -23.28%
- 1Y
- 3.77%
- 3Y*
- 19.63%
- 5Y*
- -8.24%
- 10Y*
- 12.24%
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CTIGX vs. MACGX - Expense Ratio Comparison
CTIGX has a 1.10% expense ratio, which is higher than MACGX's 1.00% expense ratio.
Return for Risk
CTIGX vs. MACGX — Risk / Return Rank
CTIGX
MACGX
CTIGX vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Timpani SMID Growth Fund (CTIGX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.
| CTIGX | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.10 | +1.07 |
Sortino ratioReturn per unit of downside risk | 1.68 | 0.37 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.05 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.60 | -0.02 | +2.63 |
Martin ratioReturn relative to average drawdown | 9.43 | -0.06 | +9.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CTIGX | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.10 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.17 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.30 | +0.07 |
Correlation
The correlation between CTIGX and MACGX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CTIGX vs. MACGX - Dividend Comparison
CTIGX's dividend yield for the trailing twelve months is around 4.84%, while MACGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTIGX Calamos Timpani SMID Growth Fund | 4.84% | 4.59% | 2.80% | 0.00% | 0.00% | 11.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Drawdowns
CTIGX vs. MACGX - Drawdown Comparison
The maximum CTIGX drawdown since its inception was -46.26%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for CTIGX and MACGX.
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Drawdown Indicators
| CTIGX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.26% | -77.61% | +31.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -27.55% | +15.99% |
Max Drawdown (5Y)Largest decline over 5 years | -46.26% | -77.61% | +31.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.61% | — |
Current DrawdownCurrent decline from peak | -11.56% | -52.95% | +41.39% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -25.53% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 10.82% | -7.63% |
Volatility
CTIGX vs. MACGX - Volatility Comparison
Calamos Timpani SMID Growth Fund (CTIGX) has a higher volatility of 11.44% compared to Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) at 8.06%. This indicates that CTIGX's price experiences larger fluctuations and is considered to be riskier than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTIGX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.44% | 8.06% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 20.05% | 21.82% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.24% | 31.94% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.74% | 48.40% | -21.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.03% | 39.18% | -10.15% |