MMGPX vs. HLGEX
MMGPX (Morgan Stanley Discovery Portfolio) and HLGEX (JPMorgan Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, MMGPX returned -6.17%/yr vs 4.47%/yr for HLGEX. Their correlation of 0.83 means they have usually moved in the same direction. MMGPX charges 0.04%/yr vs 0.89%/yr for HLGEX.
Performance
MMGPX vs. HLGEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MMGPX achieves a -0.96% return, which is significantly lower than HLGEX's 2.50% return.
MMGPX
- 1D
- 2.26%
- 1M
- -3.86%
- 6M
- 4.78%
- YTD
- -0.96%
- 1Y
- -10.52%
- 3Y*
- 17.63%
- 5Y*
- -6.17%
- 10Y*
- —
- ALL TIME*
- 14.86%
HLGEX
- 1D
- 2.75%
- 1M
- -4.83%
- 6M
- 2.52%
- YTD
- 2.50%
- 1Y
- 2.82%
- 3Y*
- 12.50%
- 5Y*
- 4.47%
- 10Y*
- 13.12%
- ALL TIME*
- 10.74%
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 |
MMGPX vs. HLGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMGPX Morgan Stanley Discovery Portfolio | -0.96% | 12.58% | 41.83% | 44.34% | -63.37% | -11.55% | 152.67% | 40.20% | 10.89% | 28.18% |
HLGEX JPMorgan Mid Cap Growth Fund | 2.50% | 8.65% | 22.80% | 23.11% | -27.08% | 10.67% | 48.33% | 39.73% | -5.07% | 23.84% |
Correlation
The correlation between MMGPX and HLGEX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.83 |
The correlation between MMGPX and HLGEX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MMGPX vs. HLGEX — Risk / Return Rank
MMGPX
HLGEX
MMGPX vs. HLGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Discovery Portfolio (MMGPX) and JPMorgan Mid Cap Growth Fund (HLGEX). 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.
| MMGPX | HLGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.06 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.66 | 0.17 | -0.83 |
Loading charts...
Drawdowns
MMGPX vs. HLGEX - Drawdown Comparison
The maximum MMGPX drawdown since its inception was -75.38%, which is greater than HLGEX's maximum drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for MMGPX and HLGEX.
Loading charts...
Drawdown Indicators
| MMGPX | HLGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.38% | -57.65% | -17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -27.79% | -14.19% | -13.60% |
Max Drawdown (3Y)Largest decline over 3 years | -29.27% | -25.50% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -72.70% | -37.16% | -35.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.16% | — |
Current DrawdownCurrent decline from peak | -40.82% | -7.55% | -33.27% |
Average DrawdownAverage peak-to-trough decline | -30.40% | -11.40% | -19.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.47% | 4.80% | +9.67% |
Volatility
MMGPX vs. HLGEX - Volatility Comparison
Morgan Stanley Discovery Portfolio (MMGPX) has a higher volatility of 6.84% compared to JPMorgan Mid Cap Growth Fund (HLGEX) at 5.95%. This indicates that MMGPX's price experiences larger fluctuations and is considered to be riskier than HLGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MMGPX | HLGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 5.95% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 15.32% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.90% | 18.93% | +9.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.83% | 22.54% | +17.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.11% | 22.02% | +13.09% |
MMGPX vs. HLGEX - Expense Ratio Comparison
MMGPX has a 0.04% expense ratio, which is lower than HLGEX's 0.89% expense ratio.
Dividends
MMGPX vs. HLGEX - Dividend Comparison
MMGPX has not paid dividends to shareholders, while HLGEX's dividend yield for the trailing twelve months is around 9.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 9.20% | 9.43% | 14.70% | 0.00% | 0.79% | 8.87% | 10.61% | 7.29% | 7.26% | 6.41% | 0.04% | 5.32% |
MMGPX Morgan Stanley Discovery Portfolio | 0.00% | 0.43% | 0.00% | 0.00% | 125.40% | 64.53% | 7.93% | 15.63% | 28.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MMGPX and HLGEX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMGPX has higher volatility (6.84%) compared to HLGEX (5.95%). In terms of maximum drawdown, MMGPX dropped -75.38% vs HLGEX's -57.65%.
HLGEX currently has the higher Sharpe Ratio (0.04 vs -0.33), 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.
Find the right allocation for MMGPX and HLGEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer