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 Equities fund managed by Morgan Stanley. Over the past 10 years, MPEGX returned 13.50%/yr vs 7.84%/yr for TEMUX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. 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 -1.99% return, which is significantly lower than TEMUX's 19.24% return. Over the past 10 years, MPEGX has outperformed TEMUX with an annualized return of 13.50%, while TEMUX has yielded a comparatively lower 7.84% 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%
TEMUX
- 1D
- 2.50%
- 1M
- -1.04%
- 6M
- 10.47%
- YTD
- 19.24%
- 1Y
- 37.83%
- 3Y*
- 18.63%
- 5Y*
- 6.84%
- 10Y*
- 7.84%
- ALL TIME*
- 5.49%
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. TEMUX - 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% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 19.24% | 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 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
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 3, 1995 | 0.53 |
The correlation between MPEGX and TEMUX has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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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.
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 | TEMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 3.22 | -3.61 |
| Martin ratioReturn relative to average drawdown | -0.78 | 9.72 | -10.50 |
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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% | -36.42% | -36.57% |
Max Drawdown (10Y)Largest decline over 10 years | -75.29% | -40.17% | -35.12% |
Current DrawdownCurrent decline from peak | -39.40% | -7.53% | -31.87% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -21.75% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.86% | 4.16% | +9.70% |
Volatility
MPEGX vs. TEMUX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) is 6.99%, while Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a volatility of 9.32%. This indicates that MPEGX experiences smaller price fluctuations and is considered to be less risky 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 | 6.99% | 9.32% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 18.96% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 21.41% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.32% | 18.12% | +22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 18.07% | +16.58% |
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 2.03%.
| 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 | 2.03% | 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 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEMUX has higher volatility (9.32%) compared to MPEGX (6.99%). In terms of maximum drawdown, MPEGX dropped -75.29% vs TEMUX's -68.20%.
TEMUX currently has the higher Sharpe Ratio (1.97 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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