TEMUX vs. CPOAX
TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) and CPOAX (Morgan Stanley Insight A) are both mutual funds - TEMUX is a Emerging Markets Equities fund managed by Morgan Stanley, while CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index. Over the past 10 years, TEMUX returned 7.84%/yr vs 15.13%/yr for CPOAX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. TEMUX charges 0.81%/yr vs 1.15%/yr for CPOAX.
Performance
TEMUX vs. CPOAX - Performance Comparison
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Returns By Period
In the year-to-date period, TEMUX achieves a 19.24% return, which is significantly higher than CPOAX's -7.80% return. Over the past 10 years, TEMUX has underperformed CPOAX with an annualized return of 7.84%, while CPOAX has yielded a comparatively higher 15.13% annualized return.
TEMUX
- 1D
- 2.50%
- 1M
- -1.04%
- 6M
- 10.47%
- YTD
- 19.24%
- 1Y
- 37.83%
- 3Y*
- 18.63%
- 5Y*
- 6.84%
- 10Y*
- 7.84%
- ALL TIME*
- 5.49%
CPOAX
- 1D
- -2.37%
- 1M
- -9.05%
- 6M
- -0.21%
- YTD
- -7.80%
- 1Y
- -3.90%
- 3Y*
- 19.22%
- 5Y*
- -4.03%
- 10Y*
- 15.13%
- ALL TIME*
- 10.45%
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 |
TEMUX vs. CPOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 19.24% | 34.68% | 5.47% | 9.87% | -21.75% | -3.50% | 11.18% | 22.44% | -18.73% | 39.16% |
CPOAX Morgan Stanley Insight A | -7.80% | 18.91% | 46.35% | 52.72% | -61.02% | -6.83% | 115.86% | 33.08% | 11.94% | 48.40% |
Correlation
The correlation between TEMUX and CPOAX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
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. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | 0.54 |
The correlation between TEMUX and CPOAX has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
TEMUX vs. CPOAX — Risk / Return Rank
TEMUX
CPOAX
TEMUX vs. CPOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) and Morgan Stanley Insight A (CPOAX). 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.
| TEMUX | CPOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.99 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.25 | +3.46 |
| Martin ratioReturn relative to average drawdown | 9.72 | -0.49 | +10.21 |
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Drawdowns
TEMUX vs. CPOAX - Drawdown Comparison
The maximum TEMUX drawdown since its inception was -68.20%, smaller than the maximum CPOAX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for TEMUX and CPOAX.
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Drawdown Indicators
| TEMUX | CPOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -84.57% | +16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -28.37% | +15.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -31.38% | +14.52% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -70.73% | +34.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -71.33% | +31.16% |
Current DrawdownCurrent decline from peak | -7.53% | -26.90% | +19.37% |
Average DrawdownAverage peak-to-trough decline | -21.75% | -39.12% | +17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 14.48% | -10.32% |
Volatility
TEMUX vs. CPOAX - Volatility Comparison
Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a higher volatility of 9.32% compared to Morgan Stanley Insight A (CPOAX) at 8.05%. This indicates that TEMUX's price experiences larger fluctuations and is considered to be riskier than CPOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEMUX | CPOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 8.05% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 23.67% | -4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 30.60% | -9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 39.99% | -21.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 34.27% | -16.20% |
TEMUX vs. CPOAX - Expense Ratio Comparison
TEMUX has a 0.81% expense ratio, which is lower than CPOAX's 1.15% expense ratio.
Dividends
TEMUX vs. CPOAX - Dividend Comparison
TEMUX's dividend yield for the trailing twelve months is around 2.03%, while CPOAX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPOAX Morgan Stanley Insight A | 0.00% | 0.00% | 0.61% | 0.00% | 51.84% | 14.94% | 9.06% | 7.29% | 9.33% | 28.73% | 9.83% | 8.92% |
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
TEMUX and CPOAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEMUX has higher volatility (9.32%) compared to CPOAX (8.05%). In terms of maximum drawdown, TEMUX dropped -68.20% vs CPOAX's -84.57%.
TEMUX currently has the higher Sharpe Ratio (1.97 vs -0.23), 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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