MACGX vs. CPOAX
Compare and contrast key facts about Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) and Morgan Stanley Insight A (CPOAX).
MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990. CPOAX is a passively managed fund by Morgan Stanley that tracks the performance of the Russell 3000 Growth Index. It was launched on Jan 29, 2002.
Performance
MACGX vs. CPOAX - Performance Comparison
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MACGX vs. CPOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -11.39% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
CPOAX Morgan Stanley Insight A | -13.73% | 18.91% | 46.35% | 52.72% | -61.02% | -6.83% | 115.86% | 33.08% | 11.94% | 48.40% |
Returns By Period
In the year-to-date period, MACGX achieves a -11.39% return, which is significantly higher than CPOAX's -13.73% return. Over the past 10 years, MACGX has underperformed CPOAX with an annualized return of 12.76%, while CPOAX has yielded a comparatively higher 15.06% annualized return.
MACGX
- 1D
- 4.70%
- 1M
- -4.98%
- YTD
- -11.39%
- 6M
- -20.28%
- 1Y
- 6.83%
- 3Y*
- 21.48%
- 5Y*
- -7.74%
- 10Y*
- 12.76%
CPOAX
- 1D
- 4.70%
- 1M
- -4.16%
- YTD
- -13.73%
- 6M
- -22.63%
- 1Y
- 12.41%
- 3Y*
- 24.44%
- 5Y*
- -3.92%
- 10Y*
- 15.06%
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MACGX vs. CPOAX - Expense Ratio Comparison
MACGX has a 1.00% expense ratio, which is lower than CPOAX's 1.15% expense ratio.
Return for Risk
MACGX vs. CPOAX — Risk / Return Rank
MACGX
CPOAX
MACGX vs. CPOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) 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.
| MACGX | CPOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 0.43 | -0.16 |
Sortino ratioReturn per unit of downside risk | 0.62 | 0.86 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.45 | -0.16 |
Martin ratioReturn relative to average drawdown | 0.73 | 1.15 | -0.42 |
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
| MACGX | CPOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.43 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.10 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.45 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.33 | -0.02 |
Correlation
The correlation between MACGX and CPOAX is 0.94, 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
MACGX vs. CPOAX - Dividend Comparison
Neither MACGX nor CPOAX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
MACGX vs. CPOAX - Drawdown Comparison
The maximum MACGX drawdown since its inception was -77.61%, smaller than the maximum CPOAX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for MACGX and CPOAX.
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Drawdown Indicators
| MACGX | CPOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.61% | -84.57% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -28.37% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -77.61% | -70.73% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -77.61% | -71.33% | -6.28% |
Current DrawdownCurrent decline from peak | -50.74% | -31.61% | -19.13% |
Average DrawdownAverage peak-to-trough decline | -25.53% | -39.31% | +13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.93% | 11.09% | -0.16% |
Volatility
MACGX vs. CPOAX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) is 9.52%, while Morgan Stanley Insight A (CPOAX) has a volatility of 10.10%. This indicates that MACGX experiences smaller price fluctuations and is considered to be less risky than CPOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MACGX | CPOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 10.10% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 22.32% | 22.93% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.22% | 33.54% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.42% | 39.87% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.21% | 33.91% | +5.30% |