TEGAX vs. MMGPX
TEGAX (Touchstone Mid Cap Growth Fund) and MMGPX (Morgan Stanley Discovery Portfolio) are both Mid Cap Growth Equities funds. Over the past 5 years, TEGAX returned 6.06%/yr vs -6.51%/yr for MMGPX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. TEGAX charges 1.21%/yr vs 0.04%/yr for MMGPX.
Performance
TEGAX vs. MMGPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TEGAX achieves a 10.78% return, which is significantly higher than MMGPX's -2.74% return.
TEGAX
- 1D
- 0.00%
- 1M
- -3.47%
- 6M
- 10.15%
- YTD
- 10.78%
- 1Y
- 11.08%
- 3Y*
- 13.77%
- 5Y*
- 6.06%
- 10Y*
- 13.44%
- ALL TIME*
- 12.90%
MMGPX
- 1D
- -1.80%
- 1M
- -5.59%
- 6M
- 3.05%
- YTD
- -2.74%
- 1Y
- -12.13%
- 3Y*
- 17.27%
- 5Y*
- -6.51%
- 10Y*
- —
- ALL TIME*
- 14.64%
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 |
TEGAX vs. MMGPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEGAX Touchstone Mid Cap Growth Fund | 10.78% | 9.28% | 15.99% | 24.20% | -26.18% | 15.51% | 27.10% | 53.26% | -3.71% | 19.75% |
MMGPX Morgan Stanley Discovery Portfolio | -2.74% | 12.58% | 41.83% | 44.34% | -63.37% | -11.55% | 152.67% | 40.20% | 10.89% | 28.18% |
Correlation
The correlation between TEGAX and MMGPX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.78 |
The correlation between TEGAX and MMGPX has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TEGAX vs. MMGPX — Risk / Return Rank
TEGAX
MMGPX
TEGAX vs. MMGPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Mid Cap Growth Fund (TEGAX) and Morgan Stanley Discovery Portfolio (MMGPX). 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.
| TEGAX | MMGPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.95 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.45 | +1.27 |
| Martin ratioReturn relative to average drawdown | 2.45 | -0.85 | +3.30 |
Loading charts...
Drawdowns
TEGAX vs. MMGPX - Drawdown Comparison
The maximum TEGAX drawdown since its inception was -53.30%, smaller than the maximum MMGPX drawdown of -75.38%. Use the drawdown chart below to compare losses from any high point for TEGAX and MMGPX.
Loading charts...
Drawdown Indicators
| TEGAX | MMGPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -75.38% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -27.79% | +16.90% |
Max Drawdown (3Y)Largest decline over 3 years | -27.79% | -29.27% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -72.70% | +31.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.38% | — | — |
Current DrawdownCurrent decline from peak | -5.22% | -41.88% | +36.66% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -30.40% | +21.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 14.51% | -10.85% |
Volatility
TEGAX vs. MMGPX - Volatility Comparison
The current volatility for Touchstone Mid Cap Growth Fund (TEGAX) is 3.83%, while Morgan Stanley Discovery Portfolio (MMGPX) has a volatility of 6.82%. This indicates that TEGAX experiences smaller price fluctuations and is considered to be less risky than MMGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TEGAX | MMGPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 6.82% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 21.95% | -7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 28.95% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.13% | 39.82% | -14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 35.11% | -11.90% |
TEGAX vs. MMGPX - Expense Ratio Comparison
TEGAX has a 1.21% expense ratio, which is higher than MMGPX's 0.04% expense ratio.
Dividends
TEGAX vs. MMGPX - Dividend Comparison
TEGAX's dividend yield for the trailing twelve months is around 10.29%, while MMGPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMGPX Morgan Stanley Discovery Portfolio | 0.00% | 0.43% | 0.00% | 0.00% | 125.40% | 64.53% | 7.93% | 15.63% | 28.02% | 0.00% | 0.00% | 0.00% |
TEGAX Touchstone Mid Cap Growth Fund | 10.29% | 11.40% | 2.97% | 0.00% | 2.69% | 16.97% | 6.67% | 13.97% | 8.53% | 10.06% | 2.59% | 8.72% |
Frequently Asked Questions
TEGAX and MMGPX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMGPX has higher volatility (6.82%) compared to TEGAX (3.83%). In terms of maximum drawdown, TEGAX dropped -53.30% vs MMGPX's -75.38%.
TEGAX currently has the higher Sharpe Ratio (0.49 vs -0.43), 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.
Find the right allocation for TEGAX and MMGPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer