MMGPX vs. SECUX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Discovery Portfolio (MMGPX) and Guggenheim StylePlus - Mid Growth Fund (SECUX).

MMGPX is managed by Morgan Stanley. It was launched on Apr 30, 2017. SECUX is managed by Guggenheim. It was launched on Sep 17, 1969.

Performance

MMGPX vs. SECUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Discovery Portfolio (MMGPX) and Guggenheim StylePlus - Mid Growth Fund (SECUX). The values are adjusted to include any dividend payments, if applicable.

MMGPX vs. SECUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMGPX Morgan Stanley Discovery Portfolio	-14.93%	12.58%	41.83%	44.34%	-81.34%	-11.55%	152.67%	40.20%	10.89%	28.18%
SECUX Guggenheim StylePlus - Mid Growth Fund	-1.69%	1.86%	14.29%	26.43%	-28.33%	13.39%	31.95%	32.44%	-7.76%	20.12%

Returns By Period

In the year-to-date period, MMGPX achieves a -14.93% return, which is significantly lower than SECUX's -1.69% return.

MMGPX

• 1D: -1.27%
• 1M: -9.08%
• YTD: -14.93%
• 6M: -23.43%
• 1Y: 3.91%
• 3Y*: 19.10%
• 5Y*: -19.96%
• 10Y*: —

SECUX

• 1D: -1.74%
• 1M: -8.16%
• YTD: -1.69%
• 6M: -3.52%
• 1Y: 7.79%
• 3Y*: 9.89%
• 5Y*: 3.03%
• 10Y*: 9.72%

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

MMGPX vs. SECUX - Expense Ratio Comparison

MMGPX has a 0.04% expense ratio, which is lower than SECUX's 1.42% expense ratio.

SECUX

Guggenheim StylePlus - Mid Growth Fund

MMGPX

Morgan Stanley Discovery Portfolio

Return for Risk

MMGPX vs. SECUX — Risk / Return Rank

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

MMGPX

MMGPX Risk / Return Rank: 7
MMGPX Sharpe Ratio Rank: 7
MMGPX Sortino Ratio Rank: 8
MMGPX Omega Ratio Rank: 8
MMGPX Calmar Ratio Rank: 6
MMGPX Martin Ratio Rank: 6

SECUX

SECUX Risk / Return Rank: 16
SECUX Sharpe Ratio Rank: 14
SECUX Sortino Ratio Rank: 16
SECUX Omega Ratio Rank: 15
SECUX Calmar Ratio Rank: 16
SECUX Martin Ratio Rank: 18

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.

MMGPX vs. SECUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Discovery Portfolio (MMGPX) and Guggenheim StylePlus - Mid Growth Fund (SECUX). 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.

	MMGPX	SECUX	Difference
Sharpe ratio Return per unit of total volatility	0.10	0.39	-0.29
Sortino ratio Return per unit of downside risk	0.38	0.72	-0.34
Omega ratio Gain probability vs. loss probability	1.05	1.10	-0.05
Calmar ratio Return relative to maximum drawdown	-0.02	0.46	-0.48
Martin ratio Return relative to average drawdown	-0.05	1.84	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMGPX vs. SECUX - Sharpe Ratio Comparison

The current MMGPX Sharpe Ratio is 0.10, which is lower than the SECUX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of MMGPX and SECUX, 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

	MMGPX	SECUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.39	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.14	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.25	-0.10

Correlation

The correlation between MMGPX and SECUX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MMGPX vs. SECUX - Dividend Comparison

MMGPX's dividend yield for the trailing twelve months is around 0.50%, while SECUX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMGPX Morgan Stanley Discovery Portfolio	0.50%	0.43%	0.00%	0.00%	0.00%	64.53%	7.93%	15.63%	28.02%	0.00%	0.00%	0.00%
SECUX Guggenheim StylePlus - Mid Growth Fund	0.00%	0.00%	0.00%	2.31%	41.48%	6.54%	14.34%	2.18%	27.68%	12.89%	0.59%	14.34%

Drawdowns

MMGPX vs. SECUX - Drawdown Comparison

The maximum MMGPX drawdown since its inception was -87.45%, which is greater than SECUX's maximum drawdown of -71.68%. Use the drawdown chart below to compare losses from any high point for MMGPX and SECUX.

Drawdown Indicators

	MMGPX	SECUX	Difference
Max Drawdown Largest peak-to-trough decline	-87.45%	-71.68%	-15.77%
Max Drawdown (1Y) Largest decline over 1 year	-27.79%	-12.94%	-14.85%
Max Drawdown (5Y) Largest decline over 5 years	-86.09%	-37.80%	-48.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.56%	—
Current Drawdown Current decline from peak	-74.10%	-10.07%	-64.03%
Average Drawdown Average peak-to-trough decline	-38.69%	-18.49%	-20.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	3.26%	+7.85%

Volatility

MMGPX vs. SECUX - Volatility Comparison

Morgan Stanley Discovery Portfolio (MMGPX) has a higher volatility of 7.90% compared to Guggenheim StylePlus - Mid Growth Fund (SECUX) at 6.80%. This indicates that MMGPX's price experiences larger fluctuations and is considered to be riskier than SECUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMGPX	SECUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.90%	6.80%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	21.47%	11.93%	+9.54%
Volatility (1Y) Calculated over the trailing 1-year period	31.90%	20.78%	+11.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.71%	21.38%	+24.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.03%	21.10%	+17.93%