MSEGX vs. TEMUX
MSEGX (Morgan Stanley Institutional Growth Portfolio) and TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) are both mutual funds - MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley, while TEMUX is a Emerging Markets Equities fund managed by Morgan Stanley. Over the past 10 years, MSEGX returned 15.45%/yr vs 7.71%/yr for TEMUX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. MSEGX charges 0.87%/yr vs 0.81%/yr for TEMUX.
Performance
MSEGX vs. TEMUX - Performance Comparison
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Returns By Period
In the year-to-date period, MSEGX achieves a -8.56% return, which is significantly lower than TEMUX's 19.52% return. Over the past 10 years, MSEGX has outperformed TEMUX with an annualized return of 15.45%, while TEMUX has yielded a comparatively lower 7.71% annualized return.
MSEGX
- 1D
- 2.02%
- 1M
- -6.14%
- 6M
- 2.08%
- YTD
- -8.56%
- 1Y
- -6.44%
- 3Y*
- 22.63%
- 5Y*
- -3.06%
- 10Y*
- 15.45%
- ALL TIME*
- 10.89%
TEMUX
- 1D
- 0.24%
- 1M
- -0.81%
- 6M
- 9.75%
- YTD
- 19.52%
- 1Y
- 37.72%
- 3Y*
- 19.56%
- 5Y*
- 6.47%
- 10Y*
- 7.71%
- ALL TIME*
- 5.50%
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 |
MSEGX vs. TEMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | -8.56% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 43.53% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 19.52% | 34.68% | 5.47% | 9.87% | -21.75% | -3.50% | 11.18% | 22.44% | -18.73% | 39.16% |
Correlation
The correlation between MSEGX and TEMUX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 1995 | 0.54 |
The correlation between MSEGX and TEMUX has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
MSEGX vs. TEMUX — Risk / Return Rank
MSEGX
TEMUX
MSEGX vs. TEMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Growth Portfolio (MSEGX) and Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX). 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.
| MSEGX | TEMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.23 | -3.33 |
| Martin ratioReturn relative to average drawdown | -0.20 | 9.72 | -9.91 |
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Drawdowns
MSEGX vs. TEMUX - Drawdown Comparison
The maximum MSEGX drawdown since its inception was -69.57%, roughly equal to the maximum TEMUX drawdown of -68.20%. Use the drawdown chart below to compare losses from any high point for MSEGX and TEMUX.
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Drawdown Indicators
| MSEGX | TEMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -68.20% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -27.83% | -13.10% | -14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -16.86% | -15.68% |
Max Drawdown (5Y)Largest decline over 5 years | -69.57% | -36.42% | -33.15% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | -40.17% | -29.40% |
Current DrawdownCurrent decline from peak | -20.97% | -7.30% | -13.67% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -21.75% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.57% | 4.18% | +10.39% |
Volatility
MSEGX vs. TEMUX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Growth Portfolio (MSEGX) is 7.72%, while Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a volatility of 9.05%. This indicates that MSEGX experiences smaller price fluctuations and is considered to be less risky than TEMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEGX | TEMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 9.05% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 22.82% | 18.89% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.63% | 21.40% | +8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.95% | 18.12% | +21.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.98% | 18.07% | +15.91% |
MSEGX vs. TEMUX - Expense Ratio Comparison
MSEGX has a 0.87% expense ratio, which is higher than TEMUX's 0.81% expense ratio.
Dividends
MSEGX vs. TEMUX - Dividend Comparison
MSEGX has not paid dividends to shareholders, while TEMUX's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | 0.00% | 0.00% | 0.42% | 0.00% | 18.70% | 26.52% | 10.03% | 22.75% | 5.67% | 22.18% | 13.17% | 7.76% |
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 2.03% | 2.43% | 2.09% | 2.41% | 1.92% | 4.47% | 1.96% | 1.81% | 1.67% | 1.26% | 1.10% | 1.44% |
Frequently Asked Questions
MSEGX and TEMUX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEMUX has higher volatility (9.05%) compared to MSEGX (7.72%). In terms of maximum drawdown, MSEGX dropped -69.57% vs TEMUX's -68.20%.
TEMUX currently has the higher Sharpe Ratio (1.98 vs -0.10), 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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