MMGPX vs. VSNGX

Last updated Apr 2, 2026

Compare and contrast key facts about Morgan Stanley Discovery Portfolio (MMGPX) and JPMorgan Mid Cap Equity Fund (VSNGX).

MMGPX is managed by Morgan Stanley. It was launched on Apr 30, 2017. VSNGX is managed by JPMorgan. It was launched on Dec 31, 1996.

Performance

MMGPX vs. VSNGX - Performance Comparison

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

MMGPX vs. VSNGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMGPX Morgan Stanley Discovery Portfolio	-11.10%	12.58%	41.83%	44.34%	-81.34%	-11.55%	152.67%	40.20%	10.89%	28.18%
VSNGX JPMorgan Mid Cap Equity Fund	-0.28%	6.09%	18.60%	16.15%	-16.03%	19.97%	22.62%	32.73%	-8.20%	17.92%

Returns By Period

In the year-to-date period, MMGPX achieves a -11.10% return, which is significantly lower than VSNGX's -0.28% return.

MMGPX

• 1D: 4.51%
• 1M: -4.98%
• YTD: -11.10%
• 6M: -20.66%
• 1Y: 6.81%
• 3Y*: 20.87%
• 5Y*: -19.56%
• 10Y*: —

VSNGX

• 1D: 2.39%
• 1M: -5.61%
• YTD: -0.28%
• 6M: -0.33%
• 1Y: 10.22%
• 3Y*: 12.18%
• 5Y*: 6.02%
• 10Y*: 11.00%

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

MMGPX vs. VSNGX - Expense Ratio Comparison

MMGPX has a 0.04% expense ratio, which is lower than VSNGX's 0.89% expense ratio.

VSNGX

JPMorgan Mid Cap Equity Fund

MMGPX

Morgan Stanley Discovery Portfolio

Return for Risk

MMGPX vs. VSNGX — Risk / Return Rank

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

MMGPX

MMGPX Risk / Return Rank: 8
MMGPX Sharpe Ratio Rank: 8
MMGPX Sortino Ratio Rank: 10
MMGPX Omega Ratio Rank: 9
MMGPX Calmar Ratio Rank: 8
MMGPX Martin Ratio Rank: 7

VSNGX

VSNGX Risk / Return Rank: 25
VSNGX Sharpe Ratio Rank: 20
VSNGX Sortino Ratio Rank: 22
VSNGX Omega Ratio Rank: 20
VSNGX Calmar Ratio Rank: 27
VSNGX Martin Ratio Rank: 33

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. VSNGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Discovery Portfolio (MMGPX) and JPMorgan Mid Cap Equity Fund (VSNGX). 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	VSNGX	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.61	-0.34
Sortino ratio Return per unit of downside risk	0.62	0.99	-0.37
Omega ratio Gain probability vs. loss probability	1.08	1.14	-0.06
Calmar ratio Return relative to maximum drawdown	0.28	0.90	-0.62
Martin ratio Return relative to average drawdown	0.70	4.00	-3.29
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. VSNGX - Sharpe Ratio Comparison

The current MMGPX Sharpe Ratio is 0.27, which is lower than the VSNGX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of MMGPX and VSNGX, 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	VSNGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.61	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.43	0.35	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.52	-0.37

Correlation

The correlation between MMGPX and VSNGX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MMGPX vs. VSNGX - Dividend Comparison

MMGPX's dividend yield for the trailing twelve months is around 0.48%, less than VSNGX's 6.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMGPX Morgan Stanley Discovery Portfolio	0.48%	0.43%	0.00%	0.00%	0.00%	64.53%	7.93%	15.63%	28.02%	0.00%	0.00%	0.00%
VSNGX JPMorgan Mid Cap Equity Fund	6.17%	6.15%	8.60%	0.50%	2.81%	7.63%	11.65%	8.60%	12.95%	5.79%	3.37%	5.15%

Drawdowns

MMGPX vs. VSNGX - Drawdown Comparison

The maximum MMGPX drawdown since its inception was -87.45%, which is greater than VSNGX's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for MMGPX and VSNGX.

Drawdown Indicators

	MMGPX	VSNGX	Difference
Max Drawdown Largest peak-to-trough decline	-87.45%	-54.50%	-32.95%
Max Drawdown (1Y) Largest decline over 1 year	-27.79%	-12.36%	-15.43%
Max Drawdown (5Y) Largest decline over 5 years	-86.09%	-25.08%	-61.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.33%	—
Current Drawdown Current decline from peak	-72.93%	-6.04%	-66.89%
Average Drawdown Average peak-to-trough decline	-38.71%	-7.47%	-31.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.21%	2.79%	+8.42%

Volatility

MMGPX vs. VSNGX - Volatility Comparison

Morgan Stanley Discovery Portfolio (MMGPX) has a higher volatility of 9.28% compared to JPMorgan Mid Cap Equity Fund (VSNGX) at 5.20%. This indicates that MMGPX's price experiences larger fluctuations and is considered to be riskier than VSNGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMGPX	VSNGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	5.20%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	9.48%	+12.46%
Volatility (1Y) Calculated over the trailing 1-year period	32.15%	17.70%	+14.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.74%	17.44%	+28.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.05%	19.58%	+19.47%