TEMUX vs. MSEGX
TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both mutual funds - TEMUX is a Emerging Markets Equities fund managed by Morgan Stanley, while MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley. Over the past 10 years, TEMUX returned 7.84%/yr vs 15.45%/yr for MSEGX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. TEMUX charges 0.81%/yr vs 0.87%/yr for MSEGX.
Performance
TEMUX vs. MSEGX - 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 MSEGX's -8.56% return. Over the past 10 years, TEMUX has underperformed MSEGX with an annualized return of 7.84%, while MSEGX has yielded a comparatively higher 15.45% 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%
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%
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. MSEGX - 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% |
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% |
Correlation
The correlation between TEMUX and MSEGX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
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 Dec 29, 1995 | 0.54 |
The correlation between TEMUX and MSEGX has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
TEMUX vs. MSEGX — Risk / Return Rank
TEMUX
MSEGX
TEMUX vs. MSEGX - 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 Growth Portfolio (MSEGX). 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 | MSEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.01 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | -0.10 | +3.32 |
| Martin ratioReturn relative to average drawdown | 9.72 | -0.20 | +9.92 |
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Drawdowns
TEMUX vs. MSEGX - Drawdown Comparison
The maximum TEMUX drawdown since its inception was -68.20%, roughly equal to the maximum MSEGX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for TEMUX and MSEGX.
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Drawdown Indicators
| TEMUX | MSEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -69.57% | +1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -27.83% | +14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -32.54% | +15.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.42% | -69.57% | +33.15% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -69.57% | +29.40% |
Current DrawdownCurrent decline from peak | -7.53% | -20.97% | +13.44% |
Average DrawdownAverage peak-to-trough decline | -21.75% | -19.50% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 14.57% | -10.41% |
Volatility
TEMUX vs. MSEGX - Volatility Comparison
Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a higher volatility of 9.32% compared to Morgan Stanley Institutional Growth Portfolio (MSEGX) at 7.72%. This indicates that TEMUX's price experiences larger fluctuations and is considered to be riskier than MSEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEMUX | MSEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 7.72% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 22.82% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 29.63% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 39.95% | -21.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 33.98% | -15.91% |
TEMUX vs. MSEGX - Expense Ratio Comparison
TEMUX has a 0.81% expense ratio, which is lower than MSEGX's 0.87% expense ratio.
Dividends
TEMUX vs. MSEGX - Dividend Comparison
TEMUX's dividend yield for the trailing twelve months is around 2.03%, while MSEGX has not paid dividends to shareholders.
| 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
TEMUX and MSEGX have a correlation of 0.45, 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 MSEGX (7.72%). In terms of maximum drawdown, TEMUX dropped -68.20% vs MSEGX's -69.57%.
TEMUX currently has the higher Sharpe Ratio (1.97 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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