MSAQX vs. MPEGX
MSAQX (Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - MSAQX is a Asia Pacific Equities fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, MSAQX returned 9.66%/yr vs 13.55%/yr for MPEGX. Their 0.49 correlation means their historical movements had little consistent relationship. MSAQX charges 1.10%/yr vs 0.72%/yr for MPEGX.
Performance
MSAQX vs. MPEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSAQX achieves a 11.08% return, which is significantly higher than MPEGX's -0.08% return. Over the past 10 years, MSAQX has underperformed MPEGX with an annualized return of 9.66%, while MPEGX has yielded a comparatively higher 13.55% annualized return.
MSAQX
- 1D
- 3.78%
- 1M
- -0.86%
- 6M
- 8.34%
- YTD
- 11.08%
- 1Y
- 7.09%
- 3Y*
- 6.80%
- 5Y*
- -1.33%
- 10Y*
- 9.66%
- ALL TIME*
- 9.87%
MPEGX
- 1D
- 2.29%
- 1M
- -3.76%
- 6M
- 5.72%
- YTD
- -0.08%
- 1Y
- -8.83%
- 3Y*
- 18.99%
- 5Y*
- -5.55%
- 10Y*
- 13.55%
- ALL TIME*
- 12.76%
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 |
MSAQX vs. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 11.08% | 2.06% | 19.71% | -6.83% | -22.01% | -20.52% | 52.55% | 44.74% | -13.64% | 76.83% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -0.08% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between MSAQX and MPEGX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
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 4, 2016 | 0.49 |
The correlation between MSAQX and MPEGX shifts across timeframes, from 0.48 (3 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MSAQX vs. MPEGX — Risk / Return Rank
MSAQX
MPEGX
MSAQX vs. MPEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) 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.
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.
| MSAQX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.98 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.28 | +0.48 |
| Martin ratioReturn relative to average drawdown | 0.49 | -0.56 | +1.06 |
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Drawdowns
MSAQX vs. MPEGX - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for MSAQX and MPEGX.
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Drawdown Indicators
| MSAQX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -75.29% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -27.46% | +3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -28.53% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -46.68% | -72.99% | +26.31% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -75.29% | +14.18% |
Current DrawdownCurrent decline from peak | -36.02% | -38.22% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -24.57% | -21.29% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 13.82% | -4.39% |
Volatility
MSAQX vs. MPEGX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a higher volatility of 8.20% compared to Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) at 6.97%. This indicates that MSAQX's price experiences larger fluctuations and is considered to be riskier 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
| MSAQX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 6.97% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 21.98% | 22.22% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 29.17% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 40.33% | -15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 34.65% | -11.94% |
MSAQX vs. MPEGX - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is higher than MPEGX's 0.72% expense ratio.
Dividends
MSAQX vs. MPEGX - Dividend Comparison
Neither MSAQX nor MPEGX 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% |
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 0.00% | 0.00% | 1.82% | 0.26% | 0.00% | 0.88% | 1.06% | 0.05% | 0.69% | 1.12% | 2.24% | 0.00% |
Frequently Asked Questions
MSAQX and MPEGX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSAQX has higher volatility (8.20%) compared to MPEGX (6.97%). In terms of maximum drawdown, MSAQX dropped -61.11% vs MPEGX's -75.29%.
MSAQX currently has the higher Sharpe Ratio (0.19 vs -0.27), 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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