MACGX vs. CPODX
MACGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A) and CPODX (Morgan Stanley Insight Fund) are both mutual funds - MACGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while CPODX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MACGX returned 13.16%/yr vs 15.41%/yr for CPODX. Their correlation of 0.94 means they have usually moved in the same direction. MACGX charges 1.00%/yr vs 0.83%/yr for CPODX.
Performance
MACGX vs. CPODX - Performance Comparison
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Returns By Period
In the year-to-date period, MACGX achieves a -2.11% return, which is significantly higher than CPODX's -7.64% return. Over the past 10 years, MACGX has underperformed CPODX with an annualized return of 13.16%, while CPODX has yielded a comparatively higher 15.41% annualized return.
MACGX
- 1D
- -1.87%
- 1M
- -5.58%
- 6M
- 3.77%
- YTD
- -2.11%
- 1Y
- -10.82%
- 3Y*
- 18.26%
- 5Y*
- -6.21%
- 10Y*
- 13.16%
- ALL TIME*
- 9.66%
CPODX
- 1D
- -2.37%
- 1M
- -9.01%
- 6M
- -0.06%
- YTD
- -7.64%
- 1Y
- -3.64%
- 3Y*
- 19.53%
- 5Y*
- -3.81%
- 10Y*
- 15.41%
- ALL TIME*
- 10.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MACGX vs. CPODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -2.11% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
CPODX Morgan Stanley Insight Fund | -7.64% | 19.23% | 46.73% | 53.03% | -60.99% | -6.54% | 116.44% | 33.45% | 12.29% | 48.76% |
Correlation
The correlation between MACGX and CPODX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | 0.94 |
The correlation between MACGX and CPODX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
MACGX vs. CPODX — Risk / Return Rank
MACGX
CPODX
MACGX vs. CPODX - 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 Fund (CPODX). 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.
| MACGX | CPODX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.24 | -0.16 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.47 | -0.31 |
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Drawdowns
MACGX vs. CPODX - Drawdown Comparison
The maximum MACGX drawdown since its inception was -77.61%, smaller than the maximum CPODX drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for MACGX and CPODX.
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Drawdown Indicators
| MACGX | CPODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.61% | -84.51% | +6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -28.28% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -28.55% | -31.37% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -77.61% | -70.71% | -6.90% |
Max Drawdown (10Y)Largest decline over 10 years | -77.61% | -71.26% | -6.35% |
Current DrawdownCurrent decline from peak | -45.58% | -25.99% | -19.59% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -38.36% | +12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.97% | 14.39% | -0.42% |
Volatility
MACGX vs. CPODX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) is 7.00%, while Morgan Stanley Insight Fund (CPODX) has a volatility of 8.04%. This indicates that MACGX experiences smaller price fluctuations and is considered to be less risky than CPODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MACGX | CPODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 8.04% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 23.68% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 30.59% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.40% | 39.98% | +8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.47% | 34.27% | +5.20% |
MACGX vs. CPODX - Expense Ratio Comparison
MACGX has a 1.00% expense ratio, which is higher than CPODX's 0.83% expense ratio.
Dividends
MACGX vs. CPODX - Dividend Comparison
Neither MACGX nor CPODX 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% |
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% |
Frequently Asked Questions
With a correlation of 0.96, MACGX and CPODX 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.
CPODX has higher volatility (8.04%) compared to MACGX (7.00%). In terms of maximum drawdown, MACGX dropped -77.61% vs CPODX's -84.51%.
CPODX currently has the higher Sharpe Ratio (-0.22 vs -0.38), 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.
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