TEMUX vs. MPEGX
TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - TEMUX is a Emerging Markets Equities fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, TEMUX returned 7.84%/yr vs 13.54%/yr for MPEGX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. TEMUX charges 0.81%/yr vs 0.72%/yr for MPEGX.
Performance
TEMUX vs. MPEGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TEMUX achieves a 19.24% return, which is significantly higher than MPEGX's -0.12% return. Over the past 10 years, TEMUX has underperformed MPEGX with an annualized return of 7.84%, while MPEGX has yielded a comparatively higher 13.54% 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%
MPEGX
- 1D
- 1.91%
- 1M
- -3.80%
- 6M
- 7.72%
- YTD
- -0.12%
- 1Y
- -11.01%
- 3Y*
- 21.38%
- 5Y*
- -5.64%
- 10Y*
- 13.54%
- 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 |
TEMUX vs. MPEGX - 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% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -0.12% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between TEMUX and MPEGX 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. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
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 3, 1995 | 0.53 |
The correlation between TEMUX and MPEGX has been stable across timeframes, ranging from 0.45 to 0.53 - 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
TEMUX vs. MPEGX — Risk / Return Rank
TEMUX
MPEGX
TEMUX vs. MPEGX - 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 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.
| TEMUX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.97 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.32 | +3.54 |
| Martin ratioReturn relative to average drawdown | 9.72 | -0.64 | +10.36 |
Loading charts...
Drawdowns
TEMUX vs. MPEGX - Drawdown Comparison
The maximum TEMUX drawdown since its inception was -68.20%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for TEMUX and MPEGX.
Loading charts...
Drawdown Indicators
| TEMUX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -75.29% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -27.46% | +14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -28.53% | +11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -72.99% | +36.57% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -75.29% | +35.12% |
Current DrawdownCurrent decline from peak | -7.53% | -38.25% | +30.72% |
Average DrawdownAverage peak-to-trough decline | -21.75% | -21.29% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 13.89% | -9.73% |
Volatility
TEMUX vs. MPEGX - Volatility Comparison
Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a higher volatility of 9.32% compared to Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) at 7.32%. This indicates that TEMUX'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.
Loading charts...
Volatility by Period
| TEMUX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 7.32% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 22.10% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 29.32% | -7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 40.35% | -22.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 34.67% | -16.60% |
TEMUX vs. MPEGX - Expense Ratio Comparison
TEMUX has a 0.81% expense ratio, which is higher than MPEGX's 0.72% expense ratio.
Dividends
TEMUX vs. MPEGX - Dividend Comparison
TEMUX's dividend yield for the trailing twelve months is around 2.03%, while MPEGX has not 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% |
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 MPEGX 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 (9.32%) compared to MPEGX (7.32%). In terms of maximum drawdown, TEMUX dropped -68.20% vs MPEGX's -75.29%.
TEMUX currently has the higher Sharpe Ratio (1.97 vs -0.30), 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 TEMUX and MPEGX
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