MPEGX vs. TLGUX

Last updated Jun 5, 2026

MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and TLGUX (Morgan Stanley Pathway Funds Large Cap Equity Fund) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while TLGUX is a Large Cap Blend Equities fund managed by Morgan Stanley. MPEGX charges 0.72%/yr vs 0.47%/yr for TLGUX.

Performance

MPEGX vs. TLGUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) and Morgan Stanley Pathway Funds Large Cap Equity Fund (TLGUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MPEGX

• 1D: -2.70%
• 1M: 2.00%
• YTD: 3.82%
• 6M: -0.66%
• 1Y: 2.94%
• 3Y*: 26.09%
• 5Y*: -3.67%
• 10Y*: 14.73%

TLGUX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPEGX vs. TLGUX - Yearly Performance Comparison

	2026 (YTD)	2025
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio	3.82%	15.17%
TLGUX Morgan Stanley Pathway Funds Large Cap Equity Fund	0.00%	0.00%

Return for Risk

MPEGX vs. TLGUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MPEGX

MPEGX Risk / Return Rank: 3
MPEGX Sharpe Ratio Rank: 3
MPEGX Sortino Ratio Rank: 4
MPEGX Omega Ratio Rank: 4
MPEGX Calmar Ratio Rank: 3
MPEGX Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPEGX vs. TLGUX - 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 Large Cap Equity Fund (TLGUX). 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	TLGUX	Difference
Sharpe ratio: Return per unit of total volatility	0.11	—	—
Sortino ratio: Return per unit of downside risk	0.36	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.12	—	—
Martin ratio: Return relative to average drawdown	0.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MPEGX	TLGUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	—	—

Drawdowns

Drawdown Indicators

	MPEGX	TLGUX	Difference
Max Drawdown Largest peak-to-trough decline	-75.29%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.29%	—	—
Current Drawdown Current decline from peak	-35.81%	—	—
Average Drawdown Average peak-to-trough decline	-21.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.68%	—	—

Volatility

Volatility by Period

	MPEGX	TLGUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.91%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.53%	—	—

MPEGX vs. TLGUX - Expense Ratio Comparison

MPEGX has a 0.72% expense ratio, which is higher than TLGUX's 0.47% expense ratio.

Dividends

MPEGX vs. TLGUX - Dividend Comparison

Neither MPEGX nor TLGUX 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%
TLGUX Morgan Stanley Pathway Funds Large Cap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%