MPEGX vs. MSAQX
MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and MSAQX (Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while MSAQX is a Asia Pacific Equities fund managed by Morgan Stanley. Over the past 10 years, MPEGX returned 13.50%/yr vs 9.85%/yr for MSAQX. Their 0.49 correlation means their historical movements had little consistent relationship. MPEGX charges 0.72%/yr vs 1.10%/yr for MSAQX.
Performance
MPEGX vs. MSAQX - 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 MSAQX's 12.64% return. Over the past 10 years, MPEGX has outperformed MSAQX with an annualized return of 13.50%, while MSAQX has yielded a comparatively lower 9.85% 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%
MSAQX
- 1D
- 1.41%
- 1M
- 0.53%
- 6M
- 10.36%
- YTD
- 12.64%
- 1Y
- 8.60%
- 3Y*
- 7.55%
- 5Y*
- -1.05%
- 10Y*
- 9.85%
- ALL TIME*
- 10.01%
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. MSAQX - 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% |
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 12.64% | 2.06% | 19.71% | -6.83% | -22.01% | -20.52% | 52.55% | 44.74% | -13.64% | 76.83% |
Correlation
The correlation between MPEGX and MSAQX is 0.58, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.49 |
The correlation between MPEGX and MSAQX shifts across timeframes, from 0.48 (3 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPEGX vs. MSAQX — Risk / Return Rank
MPEGX
MSAQX
MPEGX vs. MSAQX - 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 Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX). 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 | MSAQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.28 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.78 | 0.69 | -1.47 |
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Drawdowns
MPEGX vs. MSAQX - Drawdown Comparison
The maximum MPEGX drawdown since its inception was -75.29%, which is greater than MSAQX's maximum drawdown of -61.11%. Use the drawdown chart below to compare losses from any high point for MPEGX and MSAQX.
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Drawdown Indicators
| MPEGX | MSAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.29% | -61.11% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -27.46% | -23.57% | -3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -28.53% | -23.57% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -46.68% | -26.31% |
Max Drawdown (10Y)Largest decline over 10 years | -75.29% | -61.11% | -14.18% |
Current DrawdownCurrent decline from peak | -39.40% | -35.12% | -4.28% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -24.58% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.86% | 9.43% | +4.43% |
Volatility
MPEGX vs. MSAQX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) is 6.99%, while Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a volatility of 8.24%. This indicates that MPEGX experiences smaller price fluctuations and is considered to be less risky than MSAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPEGX | MSAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 8.24% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 22.02% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 24.92% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.32% | 24.84% | +15.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 22.71% | +11.94% |
MPEGX vs. MSAQX - Expense Ratio Comparison
MPEGX has a 0.72% expense ratio, which is lower than MSAQX's 1.10% expense ratio.
Dividends
MPEGX vs. MSAQX - Dividend Comparison
Neither MPEGX nor MSAQX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 0.00% | 0.00% | 1.82% | 0.26% | 0.00% | 0.88% | 1.06% | 0.05% | 0.69% | 1.12% | 2.24% | 0.00% |
Frequently Asked Questions
MPEGX and MSAQX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSAQX has higher volatility (8.24%) compared to MPEGX (6.99%). In terms of maximum drawdown, MPEGX dropped -75.29% vs MSAQX's -61.11%.
MSAQX currently has the higher Sharpe Ratio (0.26 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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