MPEGX vs. CPOAX
MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and CPOAX (Morgan Stanley Insight A) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index. Over the past 10 years, MPEGX returned 13.50%/yr vs 15.13%/yr for CPOAX. Their correlation of 0.94 means they have usually moved in the same direction. MPEGX charges 0.72%/yr vs 1.15%/yr for CPOAX.
Performance
MPEGX vs. CPOAX - Performance Comparison
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Returns By Period
In the year-to-date period, MPEGX achieves a -1.99% return, which is significantly higher than CPOAX's -7.80% return. Over the past 10 years, MPEGX has underperformed CPOAX with an annualized return of 13.50%, while CPOAX has yielded a comparatively higher 15.13% annualized return.
MPEGX
- 1D
- -1.91%
- 1M
- -5.60%
- 6M
- 3.88%
- YTD
- -1.99%
- 1Y
- -10.57%
- 3Y*
- 18.58%
- 5Y*
- -5.92%
- 10Y*
- 13.50%
- ALL TIME*
- 12.70%
CPOAX
- 1D
- -2.37%
- 1M
- -9.05%
- 6M
- -0.21%
- YTD
- -7.80%
- 1Y
- -3.90%
- 3Y*
- 19.22%
- 5Y*
- -4.03%
- 10Y*
- 15.13%
- ALL TIME*
- 10.45%
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 |
MPEGX vs. CPOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -1.99% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
CPOAX Morgan Stanley Insight A | -7.80% | 18.91% | 46.35% | 52.72% | -61.02% | -6.83% | 115.86% | 33.08% | 11.94% | 48.40% |
Correlation
The correlation between MPEGX and CPOAX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | 0.95 |
The correlation between MPEGX and CPOAX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
MPEGX vs. CPOAX — Risk / Return Rank
MPEGX
CPOAX
MPEGX vs. CPOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) 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.
| MPEGX | CPOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.25 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.78 | -0.49 | -0.29 |
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Drawdowns
MPEGX vs. CPOAX - Drawdown Comparison
The maximum MPEGX drawdown since its inception was -75.29%, smaller than the maximum CPOAX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for MPEGX and CPOAX.
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Drawdown Indicators
| MPEGX | CPOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.29% | -84.57% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -27.46% | -28.37% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -28.53% | -31.38% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -70.73% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -75.29% | -71.33% | -3.96% |
Current DrawdownCurrent decline from peak | -39.40% | -26.90% | -12.50% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -39.12% | +17.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.86% | 14.48% | -0.62% |
Volatility
MPEGX vs. CPOAX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) is 6.99%, while Morgan Stanley Insight A (CPOAX) has a volatility of 8.05%. This indicates that MPEGX experiences smaller price fluctuations and is considered to be less risky 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
| MPEGX | CPOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 8.05% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 23.67% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 30.60% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.32% | 39.99% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 34.27% | +0.38% |
MPEGX vs. CPOAX - Expense Ratio Comparison
MPEGX has a 0.72% expense ratio, which is lower than CPOAX's 1.15% expense ratio.
Dividends
MPEGX vs. CPOAX - Dividend Comparison
Neither MPEGX nor CPOAX has 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% |
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
With a correlation of 0.96, MPEGX and CPOAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CPOAX has higher volatility (8.05%) compared to MPEGX (6.99%). In terms of maximum drawdown, MPEGX dropped -75.29% vs CPOAX's -84.57%.
CPOAX currently has the higher Sharpe Ratio (-0.23 vs -0.37), 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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