MPEGX vs. TSDUX
MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) and TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) are both mutual funds - MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley, while TSDUX is a Ultrashort Bond fund managed by Morgan Stanley. Over the past 10 years, MPEGX returned 13.50%/yr vs 2.67%/yr for TSDUX. Their -0.01 correlation means they have often moved in opposite directions in the past. MPEGX charges 0.72%/yr vs 0.62%/yr for TSDUX.
Performance
MPEGX vs. TSDUX - 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 TSDUX's 1.91% return. Over the past 10 years, MPEGX has outperformed TSDUX with an annualized return of 13.50%, while TSDUX has yielded a comparatively lower 2.67% 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%
TSDUX
- 1D
- -0.41%
- 1M
- 0.00%
- 6M
- 1.45%
- YTD
- 1.91%
- 1Y
- 2.71%
- 3Y*
- 4.61%
- 5Y*
- 3.44%
- 10Y*
- 2.67%
- ALL TIME*
- 2.65%
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. TSDUX - 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% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 1.91% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
Correlation
The correlation between MPEGX and TSDUX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | -0.01 |
The correlation between MPEGX and TSDUX shifts across timeframes, from -0.06 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPEGX vs. TSDUX — Risk / Return Rank
MPEGX
TSDUX
MPEGX vs. TSDUX - 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 Ultra-ShortTerm Fixed Income Fund (TSDUX). 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 | TSDUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.46 | -1.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 7.33 | -7.72 |
| Martin ratioReturn relative to average drawdown | -0.78 | 23.71 | -24.49 |
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Drawdowns
MPEGX vs. TSDUX - Drawdown Comparison
The maximum MPEGX drawdown since its inception was -75.29%, which is greater than TSDUX's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for MPEGX and TSDUX.
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Drawdown Indicators
| MPEGX | TSDUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.29% | -3.94% | -71.35% |
Max Drawdown (1Y)Largest decline over 1 year | -27.46% | -0.41% | -27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -28.53% | -0.73% | -27.80% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -1.72% | -71.27% |
Max Drawdown (10Y)Largest decline over 10 years | -75.29% | -3.94% | -71.35% |
Current DrawdownCurrent decline from peak | -39.40% | -0.41% | -38.99% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -0.18% | -21.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.86% | 0.12% | +13.74% |
Volatility
MPEGX vs. TSDUX - Volatility Comparison
Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a higher volatility of 6.99% compared to Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) at 0.47%. This indicates that MPEGX's price experiences larger fluctuations and is considered to be riskier than TSDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPEGX | TSDUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 0.47% | +6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 0.66% | +21.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 1.05% | +28.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.32% | 1.12% | +39.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.65% | 1.09% | +33.56% |
MPEGX vs. TSDUX - Expense Ratio Comparison
MPEGX has a 0.72% expense ratio, which is higher than TSDUX's 0.62% expense ratio.
Dividends
MPEGX vs. TSDUX - Dividend Comparison
MPEGX has not paid dividends to shareholders, while TSDUX's dividend yield for the trailing twelve months is around 2.47%.
| 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% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.47% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
Frequently Asked Questions
MPEGX and TSDUX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (6.99%) compared to TSDUX (0.47%). In terms of maximum drawdown, MPEGX dropped -75.29% vs TSDUX's -3.94%.
TSDUX currently has the higher Sharpe Ratio (2.85 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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