MPEGX vs. CPODX

Last updated Jun 5, 2026

MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and CPODX (Morgan Stanley Insight Fund) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while CPODX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MPEGX returned 14.73%/yr vs 17.07%/yr for CPODX. Their correlation of 0.94 suggests significant overlap in exposure. MPEGX charges 0.72%/yr vs 0.83%/yr for CPODX.

Performance

MPEGX vs. CPODX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) and Morgan Stanley Insight Fund (CPODX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPEGX achieves a 3.82% return, which is significantly higher than CPODX's 1.47% return. Over the past 10 years, MPEGX has underperformed CPODX with an annualized return of 14.73%, while CPODX has yielded a comparatively higher 17.07% annualized return.

MPEGX

• 1D: -2.70%
• 1M: 2.00%
• YTD: 3.82%
• 6M: -0.66%
• 1Y: 2.94%
• 3Y*: 26.09%
• 5Y*: -3.67%
• 10Y*: 14.73%

CPODX

• 1D: -3.10%
• 1M: 3.25%
• YTD: 1.47%
• 6M: -2.89%
• 1Y: 10.65%
• 3Y*: 28.59%
• 5Y*: -0.39%
• 10Y*: 17.07%

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

MPEGX vs. CPODX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio	3.82%	14.05%	42.38%	46.66%	-63.39%	-12.37%	142.68%	39.73%	12.19%	39.39%
CPODX Morgan Stanley Insight Fund	1.47%	19.23%	46.73%	53.03%	-60.99%	-6.54%	116.44%	33.45%	12.29%	48.76%

Correlation

The correlation between MPEGX and CPODX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 29, 1997	0.94

The correlation between MPEGX and CPODX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

MPEGX vs. CPODX — Risk / Return Rank

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

MPEGX

MPEGX Risk / Return Rank: 3
MPEGX Sharpe Ratio Rank: 3
MPEGX Sortino Ratio Rank: 4
MPEGX Omega Ratio Rank: 4
MPEGX Calmar Ratio Rank: 3
MPEGX Martin Ratio Rank: 3

CPODX

CPODX Risk / Return Rank: 5
CPODX Sharpe Ratio Rank: 5
CPODX Sortino Ratio Rank: 6
CPODX Omega Ratio Rank: 5
CPODX Calmar Ratio Rank: 5
CPODX Martin Ratio Rank: 4

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.

MPEGX vs. CPODX - 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 Fund (CPODX). 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.

	MPEGX	CPODX	Difference
Sharpe ratio: Return per unit of total volatility	0.11	0.35	-0.24
Sortino ratio: Return per unit of downside risk	0.36	0.68	-0.32
Omega ratio: Gain probability vs. loss probability	1.04	1.08	-0.04
Calmar ratio: Return relative to maximum drawdown	0.12	0.36	-0.24
Martin ratio: Return relative to average drawdown	0.25	0.77	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPEGX vs. CPODX - Sharpe Ratio Comparison

The current MPEGX Sharpe Ratio is 0.11, which is lower than the CPODX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of MPEGX and CPODX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MPEGX	CPODX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	0.35	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	-0.01	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.50	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.35	+0.13

Drawdowns

MPEGX vs. CPODX - Drawdown Comparison

The maximum MPEGX drawdown since its inception was -75.29%, smaller than the maximum CPODX drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for MPEGX and CPODX.

Drawdown Indicators

	MPEGX	CPODX	Difference
Max Drawdown Largest peak-to-trough decline	-75.29%	-84.51%	+9.22%
Max Drawdown (1Y) Largest decline over 1 year	-27.46%	-28.28%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-28.53%	-31.37%	+2.84%
Max Drawdown (5Y) Largest decline over 5 years	-72.99%	-70.71%	-2.28%
Max Drawdown (10Y) Largest decline over 10 years	-75.29%	-71.26%	-4.03%
Current Drawdown Current decline from peak	-35.81%	-18.69%	-17.12%
Average Drawdown Average peak-to-trough decline	-21.22%	-38.45%	+17.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.68%	13.08%	-0.40%

Volatility

MPEGX vs. CPODX - Volatility Comparison

Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) and Morgan Stanley Insight Fund (CPODX) have volatilities of 9.34% and 9.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPEGX	CPODX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	9.12%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	21.86%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	27.91%	28.82%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.21%	39.75%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.53%	34.09%	+0.44%

MPEGX vs. CPODX - Expense Ratio Comparison

MPEGX has a 0.72% expense ratio, which is lower than CPODX's 0.83% expense ratio.

Dividends

MPEGX vs. CPODX - Dividend Comparison

Neither MPEGX nor CPODX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPODX Morgan Stanley Insight Fund	0.00%	0.00%	0.64%	0.00%	41.78%	12.90%	7.97%	6.49%	8.40%	26.14%	9.16%	8.38%
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

Can I hold both MPEGX and CPODX in my portfolio?

With a correlation of 0.96, MPEGX and CPODX 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.

Which is riskier, MPEGX or CPODX?

MPEGX has higher volatility (9.34%) compared to CPODX (9.12%). In terms of maximum drawdown, MPEGX dropped -75.29% vs CPODX's -84.51%.

Which has better risk-adjusted returns?

CPODX currently has the higher Sharpe Ratio (0.35 vs 0.11), 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.