MPEGX vs. SPY
Compare and contrast key facts about Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) and SPDR S&P 500 ETF (SPY).
MPEGX is managed by Morgan Stanley. It was launched on Mar 30, 1990. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MPEGX or SPY.
Correlation
The correlation between MPEGX and SPY is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MPEGX vs. SPY - Performance Comparison
Key characteristics
MPEGX:
1.87
SPY:
1.88
MPEGX:
2.49
SPY:
2.51
MPEGX:
1.30
SPY:
1.35
MPEGX:
0.70
SPY:
2.83
MPEGX:
9.46
SPY:
11.89
MPEGX:
5.45%
SPY:
2.00%
MPEGX:
27.52%
SPY:
12.69%
MPEGX:
-81.60%
SPY:
-55.19%
MPEGX:
-59.16%
SPY:
-3.89%
Returns By Period
In the year-to-date period, MPEGX achieves a 1.11% return, which is significantly higher than SPY's -0.66% return. Over the past 10 years, MPEGX has underperformed SPY with an annualized return of -5.58%, while SPY has yielded a comparatively higher 13.18% annualized return.
MPEGX
1.11%
-5.01%
33.56%
54.24%
0.99%
-5.58%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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MPEGX vs. SPY - Expense Ratio Comparison
MPEGX has a 0.72% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MPEGX vs. SPY — Risk-Adjusted Performance Rank
MPEGX
SPY
MPEGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
MPEGX vs. SPY - Dividend Comparison
MPEGX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MPEGX vs. SPY - Drawdown Comparison
The maximum MPEGX drawdown since its inception was -81.60%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MPEGX and SPY. For additional features, visit the drawdowns tool.
Volatility
MPEGX vs. SPY - Volatility Comparison
Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a higher volatility of 8.49% compared to SPDR S&P 500 ETF (SPY) at 4.61%. This indicates that MPEGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.