MDOEX vs. MEGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Developing Opportunity Portfolio (MDOEX) and Morgan Stanley Growth Portfolio (MEGIX).

MDOEX is managed by Morgan Stanley. It was launched on Feb 13, 2020. MEGIX is managed by Morgan Stanley. It was launched on Apr 30, 2017.

Performance

MDOEX vs. MEGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Developing Opportunity Portfolio (MDOEX) and Morgan Stanley Growth Portfolio (MEGIX). The values are adjusted to include any dividend payments, if applicable.

MDOEX vs. MEGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MDOEX Morgan Stanley Developing Opportunity Portfolio	-12.89%	8.28%	16.79%	5.36%	-30.36%	-18.69%	45.00%
MEGIX Morgan Stanley Growth Portfolio	-19.20%	35.72%	46.59%	48.66%	-83.28%	-0.20%	87.94%

Returns By Period

In the year-to-date period, MDOEX achieves a -12.89% return, which is significantly higher than MEGIX's -19.20% return.

MDOEX

• 1D: -0.95%
• 1M: -15.18%
• YTD: -12.89%
• 6M: -20.44%
• 1Y: -8.07%
• 3Y*: 3.12%
• 5Y*: -7.71%
• 10Y*: —

MEGIX

• 1D: -0.69%
• 1M: -8.64%
• YTD: -19.20%
• 6M: -25.33%
• 1Y: 11.54%
• 3Y*: 26.82%
• 5Y*: -16.52%
• 10Y*: —

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

MDOEX vs. MEGIX - Expense Ratio Comparison

MDOEX has a 1.15% expense ratio, which is higher than MEGIX's 0.57% expense ratio.

MDOEX

Morgan Stanley Developing Opportunity Portfolio

MEGIX

Morgan Stanley Growth Portfolio

Return for Risk

MDOEX vs. MEGIX — Risk / Return Rank

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

MDOEX

MDOEX Risk / Return Rank: 2
MDOEX Sharpe Ratio Rank: 2
MDOEX Sortino Ratio Rank: 2
MDOEX Omega Ratio Rank: 2
MDOEX Calmar Ratio Rank: 2
MDOEX Martin Ratio Rank: 1

MEGIX

MEGIX Risk / Return Rank: 12
MEGIX Sharpe Ratio Rank: 12
MEGIX Sortino Ratio Rank: 15
MEGIX Omega Ratio Rank: 14
MEGIX Calmar Ratio Rank: 10
MEGIX Martin Ratio Rank: 9

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.

MDOEX vs. MEGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Developing Opportunity Portfolio (MDOEX) and Morgan Stanley Growth Portfolio (MEGIX). 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.

	MDOEX	MEGIX	Difference
Sharpe ratio Return per unit of total volatility	-0.46	0.30	-0.76
Sortino ratio Return per unit of downside risk	-0.51	0.67	-1.18
Omega ratio Gain probability vs. loss probability	0.93	1.08	-0.15
Calmar ratio Return relative to maximum drawdown	-0.52	0.21	-0.73
Martin ratio Return relative to average drawdown	-1.58	0.57	-2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDOEX vs. MEGIX - Sharpe Ratio Comparison

The current MDOEX Sharpe Ratio is -0.46, which is lower than the MEGIX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of MDOEX and MEGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MDOEX	MEGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	0.30	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.35	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.11	-0.14

Correlation

The correlation between MDOEX and MEGIX is 0.64, 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

MDOEX vs. MEGIX - Dividend Comparison

MDOEX's dividend yield for the trailing twelve months is around 0.85%, while MEGIX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MDOEX Morgan Stanley Developing Opportunity Portfolio	0.85%	0.74%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MEGIX Morgan Stanley Growth Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	34.82%	7.97%	5.35%	24.32%

Drawdowns

MDOEX vs. MEGIX - Drawdown Comparison

The maximum MDOEX drawdown since its inception was -59.92%, smaller than the maximum MEGIX drawdown of -87.16%. Use the drawdown chart below to compare losses from any high point for MDOEX and MEGIX.

Drawdown Indicators

	MDOEX	MEGIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-87.16%	+27.24%
Max Drawdown (1Y) Largest decline over 1 year	-21.82%	-28.03%	+6.21%
Max Drawdown (5Y) Largest decline over 5 years	-53.14%	-87.16%	+34.02%
Current Drawdown Current decline from peak	-44.89%	-68.03%	+23.14%
Average Drawdown Average peak-to-trough decline	-35.07%	-36.32%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	10.56%	-3.44%

Volatility

MDOEX vs. MEGIX - Volatility Comparison

Morgan Stanley Developing Opportunity Portfolio (MDOEX) has a higher volatility of 10.20% compared to Morgan Stanley Growth Portfolio (MEGIX) at 8.33%. This indicates that MDOEX's price experiences larger fluctuations and is considered to be riskier than MEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDOEX	MEGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	8.33%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	15.15%	21.83%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	33.07%	-13.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.99%	47.74%	-24.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.52%	39.86%	-15.34%