INDEX vs. MPEGX
Compare and contrast key facts about Index Funds S&P 500 Equal Weight (INDEX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX).
INDEX is managed by Fidelity. It was launched on Mar 9, 2017. MPEGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
INDEX vs. MPEGX - Performance Comparison
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INDEX vs. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDEX Index Funds S&P 500 Equal Weight | -4.43% | 17.77% | 24.73% | 10.58% | -11.84% | 29.10% | 12.75% | 28.98% | -7.83% | 18.70% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -11.38% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Returns By Period
In the year-to-date period, INDEX achieves a -4.43% return, which is significantly higher than MPEGX's -11.38% return. Over the past 10 years, INDEX has underperformed MPEGX with an annualized return of 11.68%, while MPEGX has yielded a comparatively higher 13.09% annualized return.
INDEX
- 1D
- 2.93%
- 1M
- -5.02%
- YTD
- -4.43%
- 6M
- -2.12%
- 1Y
- 17.21%
- 3Y*
- 14.62%
- 5Y*
- 9.46%
- 10Y*
- 11.68%
MPEGX
- 1D
- 4.71%
- 1M
- -5.01%
- YTD
- -11.38%
- 6M
- -20.20%
- 1Y
- 7.13%
- 3Y*
- 21.82%
- 5Y*
- -7.45%
- 10Y*
- 13.09%
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INDEX vs. MPEGX - Expense Ratio Comparison
INDEX has a 0.25% expense ratio, which is lower than MPEGX's 0.72% expense ratio.
Return for Risk
INDEX vs. MPEGX — Risk / Return Rank
INDEX
MPEGX
INDEX vs. MPEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Index Funds S&P 500 Equal Weight (INDEX) 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.
| INDEX | MPEGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.28 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.49 | 0.63 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.30 | +1.22 |
Martin ratioReturn relative to average drawdown | 7.28 | 0.75 | +6.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INDEX | MPEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.28 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.19 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.38 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.47 | +0.08 |
Correlation
The correlation between INDEX and MPEGX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
INDEX vs. MPEGX - Dividend Comparison
INDEX's dividend yield for the trailing twelve months is around 1.09%, while MPEGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDEX Index Funds S&P 500 Equal Weight | 1.09% | 1.04% | 1.97% | 1.56% | 3.25% | 1.81% | 1.53% | 1.61% | 3.09% | 1.15% | 0.00% | 0.00% |
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% |
Drawdowns
INDEX vs. MPEGX - Drawdown Comparison
The maximum INDEX drawdown since its inception was -38.82%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for INDEX and MPEGX.
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Drawdown Indicators
| INDEX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.82% | -75.29% | +36.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -27.46% | +15.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -72.99% | +51.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -75.29% | +36.47% |
Current DrawdownCurrent decline from peak | -6.26% | -45.21% | +38.95% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -21.13% | +16.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 10.87% | -8.35% |
Volatility
INDEX vs. MPEGX - Volatility Comparison
The current volatility for Index Funds S&P 500 Equal Weight (INDEX) is 5.35%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 9.50%. This indicates that INDEX 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.
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Volatility by Period
| INDEX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 9.50% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 22.29% | -12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 32.20% | -13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 40.35% | -23.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 34.35% | -15.70% |