MGGPX vs. MPEGX
MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - MGGPX is a Global Equities fund tracking the MSCI All Country World Index, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MGGPX returned 12.37%/yr vs 13.54%/yr for MPEGX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MGGPX charges 1.25%/yr vs 0.72%/yr for MPEGX.
Performance
MGGPX vs. MPEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MGGPX achieves a 1.62% return, which is significantly higher than MPEGX's -0.12% return. Over the past 10 years, MGGPX has underperformed MPEGX with an annualized return of 12.37%, while MPEGX has yielded a comparatively higher 13.54% annualized return.
MGGPX
- 1D
- 0.79%
- 1M
- -2.29%
- 6M
- 4.19%
- YTD
- 1.62%
- 1Y
- -9.41%
- 3Y*
- 12.80%
- 5Y*
- 1.78%
- 10Y*
- 12.37%
- ALL TIME*
- 14.03%
MPEGX
- 1D
- 1.91%
- 1M
- -3.80%
- 6M
- 7.72%
- YTD
- -0.12%
- 1Y
- -11.01%
- 3Y*
- 21.38%
- 5Y*
- -5.64%
- 10Y*
- 13.54%
- ALL TIME*
- 12.76%
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 |
MGGPX vs. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGGPX Morgan Stanley Global Opportunity Portfolio Class A | 1.62% | 0.77% | 27.16% | 49.29% | -41.77% | -0.05% | 55.05% | 35.03% | -5.96% | 49.03% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -0.12% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between MGGPX and MPEGX is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 24, 2010 | 0.78 |
The correlation between MGGPX and MPEGX has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
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Return for Risk
MGGPX vs. MPEGX — Risk / Return Rank
MGGPX
MPEGX
MGGPX vs. MPEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX). 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.
| MGGPX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.97 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.32 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.57 | -0.64 | +0.07 |
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Drawdowns
MGGPX vs. MPEGX - Drawdown Comparison
The maximum MGGPX drawdown since its inception was -51.83%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for MGGPX and MPEGX.
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Drawdown Indicators
| MGGPX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.83% | -75.29% | +23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -27.46% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -28.32% | -28.53% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -51.14% | -72.99% | +21.85% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | -75.29% | +23.46% |
Current DrawdownCurrent decline from peak | -14.20% | -38.25% | +24.05% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -21.29% | +11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.94% | 13.89% | +0.05% |
Volatility
MGGPX vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) is 6.84%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 7.32%. This indicates that MGGPX experiences smaller price fluctuations and is considered to be less risky than MPEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGGPX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 7.32% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 22.10% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 29.32% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 40.35% | -13.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 34.67% | -11.37% |
MGGPX vs. MPEGX - Expense Ratio Comparison
MGGPX has a 1.25% expense ratio, which is higher than MPEGX's 0.72% expense ratio.
Dividends
MGGPX vs. MPEGX - Dividend Comparison
Neither MGGPX nor MPEGX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGGPX Morgan Stanley Global Opportunity Portfolio Class A | 0.00% | 0.00% | 9.95% | 2.27% | 24.31% | 5.14% | 1.20% | 0.00% | 0.82% | 0.40% | 7.23% | 1.29% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.82% | 7.63% | 12.05% | 23.88% | 41.11% | 67.79% | 13.20% |
Frequently Asked Questions
MGGPX and MPEGX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (7.32%) compared to MGGPX (6.84%). In terms of maximum drawdown, MGGPX dropped -51.83% vs MPEGX's -75.29%.
MPEGX currently has the higher Sharpe Ratio (-0.30 vs -0.32), 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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