MPEGX vs. MEMEX
MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and MEMEX (Morgan Stanley Emerging Markets Equity Portfolio) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while MEMEX is a Emerging Markets Equities fund managed by Morgan Stanley. Over the past 5 years, MPEGX returned -5.92%/yr vs 7.82%/yr for MEMEX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. MPEGX charges 0.72%/yr vs 1.25%/yr for MEMEX.
Performance
MPEGX vs. MEMEX - Performance Comparison
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Returns By Period
In the year-to-date period, MPEGX achieves a -1.99% return, which is significantly lower than MEMEX's 21.85% 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%
MEMEX
- 1D
- 2.35%
- 1M
- -2.33%
- 6M
- 11.97%
- YTD
- 21.85%
- 1Y
- 43.88%
- 3Y*
- 21.04%
- 5Y*
- 7.82%
- 10Y*
- —
- ALL TIME*
- 8.41%
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. MEMEX - 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% | 29.19% |
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 21.85% | 32.98% | 7.82% | 11.90% | -25.14% | 2.99% | 14.40% | 19.61% | -17.46% | 26.45% |
Correlation
The correlation between MPEGX and MEMEX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.51 |
The correlation between MPEGX and MEMEX has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
MPEGX vs. MEMEX — Risk / Return Rank
MPEGX
MEMEX
MPEGX vs. MEMEX - 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 Emerging Markets Equity Portfolio (MEMEX). 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 | MEMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.32 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.60 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.78 | 8.87 | -9.64 |
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Drawdowns
MPEGX vs. MEMEX - Drawdown Comparison
The maximum MPEGX drawdown since its inception was -75.29%, which is greater than MEMEX's maximum drawdown of -39.90%. Use the drawdown chart below to compare losses from any high point for MPEGX and MEMEX.
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Drawdown Indicators
| MPEGX | MEMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.29% | -39.90% | -35.39% |
Max Drawdown (1Y)Largest decline over 1 year | -27.46% | -16.31% | -11.15% |
Max Drawdown (3Y)Largest decline over 3 years | -28.53% | -17.21% | -11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -37.30% | -35.69% |
Max Drawdown (10Y)Largest decline over 10 years | -75.29% | — | — |
Current DrawdownCurrent decline from peak | -39.40% | -10.31% | -29.09% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -14.91% | -6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.86% | 4.78% | +9.08% |
Volatility
MPEGX vs. MEMEX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) is 6.99%, while Morgan Stanley Emerging Markets Equity Portfolio (MEMEX) has a volatility of 11.14%. This indicates that MPEGX experiences smaller price fluctuations and is considered to be less risky than MEMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPEGX | MEMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 11.14% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 23.37% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 25.10% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.32% | 19.07% | +21.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 18.90% | +15.75% |
MPEGX vs. MEMEX - Expense Ratio Comparison
MPEGX has a 0.72% expense ratio, which is lower than MEMEX's 1.25% expense ratio.
Dividends
MPEGX vs. MEMEX - Dividend Comparison
MPEGX has not paid dividends to shareholders, while MEMEX's dividend yield for the trailing twelve months is around 4.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMEX Morgan Stanley Emerging Markets Equity Portfolio | 4.71% | 3.35% | 1.38% | 3.26% | 13.18% | 0.86% | 2.57% | 7.81% | 0.52% | 0.00% | 0.00% | 0.00% |
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
MPEGX and MEMEX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEMEX has higher volatility (11.14%) compared to MPEGX (6.99%). In terms of maximum drawdown, MPEGX dropped -75.29% vs MEMEX's -39.90%.
MEMEX currently has the higher Sharpe Ratio (1.69 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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