MEGIX vs. MMGPX
MEGIX (Morgan Stanley Growth Portfolio) and MMGPX (Morgan Stanley Discovery Portfolio) are both mutual funds - MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley, while MMGPX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 5 years, MEGIX returned -1.72%/yr vs -6.51%/yr for MMGPX. Their 0.96 correlation means they have historically moved very closely together. MEGIX charges 0.57%/yr vs 0.04%/yr for MMGPX.
Performance
MEGIX vs. MMGPX - Performance Comparison
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Returns By Period
In the year-to-date period, MEGIX achieves a -10.79% return, which is significantly lower than MMGPX's -2.74% return.
MEGIX
- 1D
- -2.16%
- 1M
- -8.12%
- 6M
- -2.53%
- YTD
- -10.79%
- 1Y
- -6.05%
- 3Y*
- 23.24%
- 5Y*
- -1.72%
- 10Y*
- —
- ALL TIME*
- 15.07%
MMGPX
- 1D
- -1.80%
- 1M
- -5.59%
- 6M
- 3.05%
- YTD
- -2.74%
- 1Y
- -12.13%
- 3Y*
- 17.27%
- 5Y*
- -6.51%
- 10Y*
- —
- ALL TIME*
- 14.64%
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 |
MEGIX vs. MMGPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | -10.79% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | 7.73% | 19.35% |
MMGPX Morgan Stanley Discovery Portfolio | -2.74% | 12.58% | 41.83% | 44.34% | -63.37% | -11.55% | 152.67% | 40.20% | 10.89% | 28.18% |
Correlation
The correlation between MEGIX and MMGPX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.96 |
The correlation between MEGIX and MMGPX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
MEGIX vs. MMGPX — Risk / Return Rank
MEGIX
MMGPX
MEGIX vs. MMGPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Growth Portfolio (MEGIX) and Morgan Stanley Discovery Portfolio (MMGPX). 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.
| MEGIX | MMGPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.95 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.45 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.65 | -0.85 | +0.20 |
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Drawdowns
MEGIX vs. MMGPX - Drawdown Comparison
The maximum MEGIX drawdown since its inception was -69.99%, smaller than the maximum MMGPX drawdown of -75.38%. Use the drawdown chart below to compare losses from any high point for MEGIX and MMGPX.
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Drawdown Indicators
| MEGIX | MMGPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.99% | -75.38% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -27.79% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -29.27% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -69.99% | -72.70% | +2.71% |
Current DrawdownCurrent decline from peak | -20.54% | -41.88% | +21.34% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -30.40% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.69% | 14.51% | +0.18% |
Volatility
MEGIX vs. MMGPX - Volatility Comparison
Morgan Stanley Growth Portfolio (MEGIX) has a higher volatility of 7.39% compared to Morgan Stanley Discovery Portfolio (MMGPX) at 6.82%. This indicates that MEGIX's price experiences larger fluctuations and is considered to be riskier than MMGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEGIX | MMGPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 6.82% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | 21.95% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.00% | 28.95% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.01% | 39.82% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 35.11% | -0.46% |
MEGIX vs. MMGPX - Expense Ratio Comparison
MEGIX has a 0.57% expense ratio, which is higher than MMGPX's 0.04% expense ratio.
Dividends
MEGIX vs. MMGPX - Dividend Comparison
MEGIX's dividend yield for the trailing twelve months is around 12.65%, while MMGPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 12.65% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% |
MMGPX Morgan Stanley Discovery Portfolio | 0.00% | 0.43% | 0.00% | 0.00% | 125.40% | 64.53% | 7.93% | 15.63% | 28.02% |
Frequently Asked Questions
With a correlation of 0.95, MEGIX and MMGPX 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.
MEGIX has higher volatility (7.39%) compared to MMGPX (6.82%). In terms of maximum drawdown, MEGIX dropped -69.99% vs MMGPX's -75.38%.
MEGIX currently has the higher Sharpe Ratio (-0.32 vs -0.43), 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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