MEMEX vs. CPOAX
MEMEX (Morgan Stanley Emerging Markets Equity Portfolio) and CPOAX (Morgan Stanley Insight A) are both mutual funds - MEMEX is a Emerging Markets Equities fund managed by Morgan Stanley, while CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index. Over the past 5 years, MEMEX returned 7.32%/yr vs -3.57%/yr for CPOAX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. MEMEX charges 1.25%/yr vs 1.15%/yr for CPOAX.
Performance
MEMEX vs. CPOAX - Performance Comparison
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Returns By Period
In the year-to-date period, MEMEX achieves a 19.05% return, which is significantly higher than CPOAX's -5.56% return.
MEMEX
- 1D
- 4.71%
- 1M
- -4.58%
- 6M
- 9.97%
- YTD
- 19.05%
- 1Y
- 40.57%
- 3Y*
- 19.67%
- 5Y*
- 7.32%
- 10Y*
- —
- ALL TIME*
- 8.15%
CPOAX
- 1D
- 2.33%
- 1M
- -6.85%
- 6M
- 2.23%
- YTD
- -5.56%
- 1Y
- -1.57%
- 3Y*
- 19.60%
- 5Y*
- -3.57%
- 10Y*
- 15.28%
- ALL TIME*
- 10.54%
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 |
MEMEX vs. CPOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 19.05% | 32.98% | 7.82% | 11.90% | -25.14% | 2.99% | 14.40% | 19.61% | -17.46% | 26.45% |
CPOAX Morgan Stanley Insight A | -5.56% | 18.91% | 46.35% | 52.72% | -61.02% | -6.83% | 115.86% | 33.08% | 11.94% | 34.25% |
Correlation
The correlation between MEMEX and CPOAX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.54 |
The correlation between MEMEX and CPOAX has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
MEMEX vs. CPOAX — Risk / Return Rank
MEMEX
CPOAX
MEMEX vs. CPOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) 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.
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.
| MEMEX | CPOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | -0.14 | +2.47 |
| Martin ratioReturn relative to average drawdown | 8.04 | -0.26 | +8.31 |
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Drawdowns
MEMEX vs. CPOAX - Drawdown Comparison
The maximum MEMEX drawdown since its inception was -39.90%, smaller than the maximum CPOAX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for MEMEX and CPOAX.
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Drawdown Indicators
| MEMEX | CPOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.90% | -84.57% | +44.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.31% | -28.37% | +12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.21% | -31.38% | +14.17% |
Max Drawdown (5Y)Largest decline over 5 years | -37.30% | -70.73% | +33.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.33% | — |
Current DrawdownCurrent decline from peak | -12.37% | -25.13% | +12.76% |
Average DrawdownAverage peak-to-trough decline | -14.91% | -39.12% | +24.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 14.43% | -9.69% |
Volatility
MEMEX vs. CPOAX - Volatility Comparison
Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) has a higher volatility of 11.10% compared to Morgan Stanley Insight A (CPOAX) at 8.00%. This indicates that MEMEX's price experiences larger fluctuations and is considered to be riskier 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
| MEMEX | CPOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 8.00% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 23.26% | 23.61% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 30.51% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 39.99% | -20.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 34.26% | -15.37% |
MEMEX vs. CPOAX - Expense Ratio Comparison
MEMEX has a 1.25% expense ratio, which is higher than CPOAX's 1.15% expense ratio.
Dividends
MEMEX vs. CPOAX - Dividend Comparison
MEMEX's dividend yield for the trailing twelve months is around 4.82%, while CPOAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 4.82% | 3.35% | 1.38% | 3.26% | 13.18% | 0.86% | 2.57% | 7.81% | 0.52% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MEMEX and CPOAX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEMEX has higher volatility (11.10%) compared to CPOAX (8.00%). In terms of maximum drawdown, MEMEX dropped -39.90% vs CPOAX's -84.57%.
MEMEX currently has the higher Sharpe Ratio (1.53 vs -0.13), 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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