MPFDX vs. VSCSX
MPFDX (Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio) and VSCSX (Vanguard Short-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. Over the past 10 years, MPFDX returned 2.71%/yr vs 2.64%/yr for VSCSX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MPFDX charges 0.70%/yr vs 0.07%/yr for VSCSX.
Performance
MPFDX vs. VSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, MPFDX achieves a -0.92% return, which is significantly lower than VSCSX's 0.55% return. Both investments have delivered pretty close results over the past 10 years, with MPFDX having a 2.71% annualized return and VSCSX not far behind at 2.64%.
MPFDX
- 1D
- -0.38%
- 1M
- -2.05%
- 6M
- -1.39%
- YTD
- -0.92%
- 1Y
- 2.37%
- 3Y*
- 4.91%
- 5Y*
- -0.04%
- 10Y*
- 2.71%
- ALL TIME*
- 5.72%
VSCSX
- 1D
- 0.05%
- 1M
- -0.48%
- 6M
- 0.37%
- YTD
- 0.55%
- 1Y
- 3.37%
- 3Y*
- 5.52%
- 5Y*
- 2.33%
- 10Y*
- 2.64%
- ALL TIME*
- 2.87%
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 |
MPFDX vs. VSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPFDX Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio | -0.92% | 7.75% | 2.69% | 10.05% | -16.28% | -1.92% | 10.32% | 15.73% | -3.87% | 6.91% |
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 0.55% | 6.75% | 5.36% | 6.11% | -5.72% | -0.43% | 5.06% | 6.85% | 0.88% | 2.46% |
Correlation
The correlation between MPFDX and VSCSX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2009 | 0.77 |
The correlation between MPFDX and VSCSX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
MPFDX vs. VSCSX — Risk / Return Rank
MPFDX
VSCSX
MPFDX vs. VSCSX - 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 Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). 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.
| MPFDX | VSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 2.51 | -1.67 |
| Martin ratioReturn relative to average drawdown | 2.48 | 9.67 | -7.20 |
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Drawdowns
MPFDX vs. VSCSX - Drawdown Comparison
The maximum MPFDX drawdown since its inception was -25.17%, which is greater than VSCSX's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for MPFDX and VSCSX.
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Drawdown Indicators
| MPFDX | VSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.17% | -9.36% | -15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -1.36% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -1.36% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.81% | -9.36% | -13.45% |
Max Drawdown (10Y)Largest decline over 10 years | -25.17% | -9.36% | -15.81% |
Current DrawdownCurrent decline from peak | -3.81% | -0.51% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -0.97% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.35% | +0.69% |
Volatility
MPFDX vs. VSCSX - Volatility Comparison
Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio (MPFDX) has a higher volatility of 1.14% compared to Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) at 0.51%. This indicates that MPFDX's price experiences larger fluctuations and is considered to be riskier than VSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPFDX | VSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.51% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 1.42% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 1.79% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 2.73% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 2.37% | +3.80% |
MPFDX vs. VSCSX - Expense Ratio Comparison
MPFDX has a 0.70% expense ratio, which is higher than VSCSX's 0.07% expense ratio.
Dividends
MPFDX vs. VSCSX - Dividend Comparison
MPFDX's dividend yield for the trailing twelve months is around 4.67%, more than VSCSX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPFDX Morgan Stanley Institutional Fund Trust Corporate Bond Portfolio | 4.67% | 4.58% | 5.40% | 4.41% | 3.17% | 4.74% | 5.79% | 2.98% | 3.04% | 2.92% | 3.05% | 3.12% |
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 4.44% | 4.32% | 4.27% | 3.07% | 1.98% | 1.78% | 2.25% | 2.85% | 2.66% | 2.26% | 1.93% | 2.21% |
Frequently Asked Questions
MPFDX and VSCSX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPFDX has higher volatility (1.14%) compared to VSCSX (0.51%). In terms of maximum drawdown, MPFDX dropped -25.17% vs VSCSX's -9.36%.
VSCSX currently has the higher Sharpe Ratio (1.92 vs 0.63), 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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