MPEGX vs. TEMUX
MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while TEMUX is a Emerging Markets Diversified fund managed by Morgan Stanley. Over the past 10 years, MPEGX returned 15.05%/yr vs 9.29%/yr for TEMUX. A 0.53 correlation means they provide meaningful diversification when combined. MPEGX charges 0.72%/yr vs 0.81%/yr for TEMUX.
Performance
MPEGX vs. TEMUX - Performance Comparison
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Returns By Period
In the year-to-date period, MPEGX achieves a 6.71% return, which is significantly lower than TEMUX's 28.37% return. Over the past 10 years, MPEGX has outperformed TEMUX with an annualized return of 15.05%, while TEMUX has yielded a comparatively lower 9.29% annualized return.
MPEGX
- 1D
- -1.69%
- 1M
- 5.93%
- YTD
- 6.71%
- 6M
- 3.22%
- 1Y
- 6.02%
- 3Y*
- 27.25%
- 5Y*
- -2.93%
- 10Y*
- 15.05%
TEMUX
- 1D
- 0.99%
- 1M
- 9.76%
- YTD
- 28.37%
- 6M
- 31.24%
- 1Y
- 57.52%
- 3Y*
- 23.94%
- 5Y*
- 7.12%
- 10Y*
- 9.29%
MPEGX vs. TEMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | 6.71% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 28.37% | 34.68% | 5.47% | 9.87% | -21.75% | -3.50% | 11.18% | 22.44% | -18.73% | 39.16% |
Correlation
The correlation between MPEGX and TEMUX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1995 | 0.53 |
The correlation between MPEGX and TEMUX shifts across timeframes, from 0.41 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MPEGX vs. TEMUX — Risk / Return Rank
MPEGX
TEMUX
MPEGX vs. TEMUX - 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 Pathway Funds Emerging Markets Equity Fund (TEMUX). 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 | TEMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.68 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.70 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 5.14 | -4.88 |
| Martin ratioReturn relative to average drawdown | 0.58 | 19.34 | -18.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MPEGX | TEMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 3.94 | -3.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.42 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.53 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.28 | +0.21 |
Drawdowns
MPEGX vs. TEMUX - Drawdown Comparison
The maximum MPEGX drawdown since its inception was -75.29%, which is greater than TEMUX's maximum drawdown of -68.20%. Use the drawdown chart below to compare losses from any high point for MPEGX and TEMUX.
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Drawdown Indicators
| MPEGX | TEMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.29% | -68.20% | -7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -27.46% | -13.10% | -14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -28.53% | -16.86% | -11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -38.67% | -34.32% |
Max Drawdown (10Y)Largest decline over 10 years | -75.29% | -40.17% | -35.12% |
Current DrawdownCurrent decline from peak | -34.03% | 0.00% | -34.03% |
Average DrawdownAverage peak-to-trough decline | -21.22% | -21.84% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 3.28% | +9.39% |
Volatility
MPEGX vs. TEMUX - Volatility Comparison
Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a higher volatility of 8.94% compared to Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) at 7.17%. This indicates that MPEGX's price experiences larger fluctuations and is considered to be riskier than TEMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPEGX | TEMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 7.17% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 14.24% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.78% | 17.11% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.21% | 17.33% | +22.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 17.75% | +16.78% |
MPEGX vs. TEMUX - Expense Ratio Comparison
MPEGX has a 0.72% expense ratio, which is lower than TEMUX's 0.81% expense ratio.
Dividends
MPEGX vs. TEMUX - Dividend Comparison
MPEGX has not paid dividends to shareholders, while TEMUX's dividend yield for the trailing twelve months is around 1.89%.
| 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% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 1.89% | 2.43% | 2.09% | 2.41% | 1.92% | 4.47% | 1.96% | 1.81% | 1.67% | 1.26% | 1.10% | 1.44% |
Frequently Asked Questions
MPEGX and TEMUX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (8.94%) compared to TEMUX (7.17%). In terms of maximum drawdown, MPEGX dropped -75.29% vs TEMUX's -68.20%.
TEMUX currently has the higher Sharpe Ratio (3.94 vs 0.26), 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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