THYUX vs. MEGIX
THYUX (Morgan Stanley Pathway Funds High Yield Fund) and MEGIX (Morgan Stanley Growth Portfolio) are both mutual funds - THYUX is a High Yield Bonds fund managed by Morgan Stanley, while MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 5 years, THYUX returned 2.84%/yr vs -1.29%/yr for MEGIX. Their 0.35 correlation means their historical movements had little consistent relationship. THYUX charges 0.76%/yr vs 0.57%/yr for MEGIX.
Performance
THYUX vs. MEGIX - Performance Comparison
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Returns By Period
In the year-to-date period, THYUX achieves a 1.59% return, which is significantly higher than MEGIX's -8.81% return.
THYUX
- 1D
- 0.31%
- 1M
- -0.31%
- 6M
- 0.96%
- YTD
- 1.59%
- 1Y
- 2.70%
- 3Y*
- 6.60%
- 5Y*
- 2.84%
- 10Y*
- 4.19%
- ALL TIME*
- 4.23%
MEGIX
- 1D
- 2.07%
- 1M
- -6.09%
- 6M
- -0.33%
- YTD
- -8.81%
- 1Y
- -3.97%
- 3Y*
- 23.52%
- 5Y*
- -1.29%
- 10Y*
- —
- ALL TIME*
- 15.34%
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 |
THYUX vs. MEGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THYUX Morgan Stanley Pathway Funds High Yield Fund | 1.59% | 4.96% | 7.43% | 12.70% | -12.01% | 4.45% | 2.02% | 14.10% | -2.87% | 5.45% |
MEGIX Morgan Stanley Growth Portfolio | -8.81% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | 7.73% | 19.35% |
Correlation
The correlation between THYUX and MEGIX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.35 |
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Return for Risk
THYUX vs. MEGIX — Risk / Return Rank
THYUX
MEGIX
THYUX vs. MEGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds High Yield Fund (THYUX) and Morgan Stanley Growth Portfolio (MEGIX). 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.
| THYUX | MEGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.23 | +1.60 |
| Martin ratioReturn relative to average drawdown | 4.54 | -0.44 | +4.98 |
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Drawdowns
THYUX vs. MEGIX - Drawdown Comparison
The maximum THYUX drawdown since its inception was -35.28%, smaller than the maximum MEGIX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for THYUX and MEGIX.
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Drawdown Indicators
| THYUX | MEGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.28% | -69.99% | +34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -28.03% | +25.92% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -32.12% | +27.40% |
Max Drawdown (5Y)Largest decline over 5 years | -15.49% | -69.99% | +54.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.20% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -18.78% | +18.16% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -22.93% | +18.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 14.64% | -14.03% |
Volatility
THYUX vs. MEGIX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds High Yield Fund (THYUX) is 0.96%, while Morgan Stanley Growth Portfolio (MEGIX) has a volatility of 7.40%. This indicates that THYUX experiences smaller price fluctuations and is considered to be less risky than MEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THYUX | MEGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 7.40% | -6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 23.32% | -20.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 29.92% | -26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 40.01% | -34.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 34.65% | -29.19% |
THYUX vs. MEGIX - Expense Ratio Comparison
THYUX has a 0.76% expense ratio, which is higher than MEGIX's 0.57% expense ratio.
Dividends
THYUX vs. MEGIX - Dividend Comparison
THYUX's dividend yield for the trailing twelve months is around 4.26%, less than MEGIX's 12.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 12.37% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 0.00% | 0.00% | 0.00% |
THYUX Morgan Stanley Pathway Funds High Yield Fund | 4.26% | 4.24% | 7.54% | 6.35% | 6.62% | 4.93% | 4.22% | 5.20% | 6.43% | 6.04% | 6.21% | 7.43% |
Frequently Asked Questions
THYUX and MEGIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGIX has higher volatility (7.40%) compared to THYUX (0.96%). In terms of maximum drawdown, THYUX dropped -35.28% vs MEGIX's -69.99%.
THYUX currently has the higher Sharpe Ratio (0.78 vs -0.22), 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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