MPFDX vs. MPEGX
MPFDX (Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - MPFDX is a Corporate Bonds fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MPFDX returned 3.13%/yr vs 14.68%/yr for MPEGX. At a 0.00 correlation, their price movements are largely independent. MPFDX charges 0.70%/yr vs 0.72%/yr for MPEGX.
Performance
MPFDX vs. MPEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MPFDX achieves a 0.48% return, which is significantly lower than MPEGX's 4.35% return. Over the past 10 years, MPFDX has underperformed MPEGX with an annualized return of 3.13%, while MPEGX has yielded a comparatively higher 14.68% annualized return.
MPFDX
- 1D
- 0.09%
- 1M
- 0.01%
- YTD
- 0.48%
- 6M
- 0.58%
- 1Y
- 5.54%
- 3Y*
- 5.78%
- 5Y*
- 0.71%
- 10Y*
- 3.13%
MPEGX
- 1D
- 0.51%
- 1M
- -0.08%
- YTD
- 4.35%
- 6M
- 0.55%
- 1Y
- 3.55%
- 3Y*
- 25.68%
- 5Y*
- -3.57%
- 10Y*
- 14.68%
MPFDX vs. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPFDX Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio | 0.48% | 7.75% | 2.69% | 10.05% | -16.28% | -1.92% | 10.32% | 15.73% | -3.87% | 6.91% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | 4.35% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between MPFDX and MPEGX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 1990 | 0.00 |
Over the past year, MPFDX and MPEGX have become more correlated (0.28) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
MPFDX vs. MPEGX — Risk / Return Rank
MPFDX
MPEGX
MPFDX vs. MPEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio (MPFDX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX). 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.
| MPFDX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.04 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.13 | +1.63 |
| Martin ratioReturn relative to average drawdown | 5.63 | 0.27 | +5.36 |
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
| MPFDX | MPEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.12 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.09 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.43 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.49 | +0.59 |
Drawdowns
MPFDX vs. MPEGX - Drawdown Comparison
The maximum MPFDX drawdown since its inception was -25.17%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for MPFDX and MPEGX.
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Drawdown Indicators
| MPFDX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.17% | -75.29% | +50.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -27.46% | +24.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -28.53% | +22.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -72.99% | +50.18% |
Max Drawdown (10Y)Largest decline over 10 years | -25.17% | -75.29% | +50.12% |
Current DrawdownCurrent decline from peak | -2.44% | -35.48% | +33.04% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -21.22% | +18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 12.70% | -11.75% |
Volatility
MPFDX vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio (MPFDX) is 1.36%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 9.30%. This indicates that MPFDX experiences smaller price fluctuations and is considered to be less risky than MPEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPFDX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 9.30% | -7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 21.23% | -18.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 27.89% | -23.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 40.21% | -33.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 34.53% | -28.37% |
MPFDX vs. MPEGX - Expense Ratio Comparison
MPFDX has a 0.70% expense ratio, which is lower than MPEGX's 0.72% expense ratio.
Dividends
MPFDX vs. MPEGX - Dividend Comparison
MPFDX's dividend yield for the trailing twelve months is around 4.58%, while MPEGX has not 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% |
MPFDX Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio | 4.58% | 4.58% | 5.40% | 4.41% | 3.17% | 4.74% | 5.79% | 2.98% | 3.04% | 2.92% | 3.05% | 3.12% |
Frequently Asked Questions
MPFDX and MPEGX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (9.30%) compared to MPFDX (1.36%). In terms of maximum drawdown, MPFDX dropped -25.17% vs MPEGX's -75.29%.
MPFDX currently has the higher Sharpe Ratio (1.32 vs 0.12), 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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