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 3.10%/yr vs -0.11%/yr for MEGIX. At a 0.35 correlation, their price movements are largely independent. 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 2.00% return, which is significantly higher than MEGIX's -6.66% return.
THYUX
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 2.00%
- 6M
- 2.26%
- 1Y
- 4.90%
- 3Y*
- 7.24%
- 5Y*
- 3.10%
- 10Y*
- 4.49%
MEGIX
- 1D
- 0.81%
- 1M
- -0.56%
- YTD
- -6.66%
- 6M
- -11.46%
- 1Y
- 2.10%
- 3Y*
- 27.93%
- 5Y*
- -0.11%
- 10Y*
- —
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 | 2.00% | 4.96% | 7.43% | 12.70% | -12.01% | 4.45% | 2.02% | 14.10% | -2.87% | 5.45% |
MEGIX Morgan Stanley Growth Portfolio | -6.66% | 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 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
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 | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.03 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 0.06 | +2.55 |
| Martin ratioReturn relative to average drawdown | 8.81 | 0.13 | +8.68 |
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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 | 0.00% | -16.87% | +16.87% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -23.01% | +18.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 13.53% | -12.93% |
Volatility
THYUX vs. MEGIX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds High Yield Fund (THYUX) is 0.87%, while Morgan Stanley Growth Portfolio (MEGIX) has a volatility of 10.81%. 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 | 0.87% | 10.81% | -9.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 22.97% | -20.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 29.44% | -25.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 39.94% | -34.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 34.74% | -29.26% |
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 4.80%, while MEGIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 0.00% | 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 | 4.80% | 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 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGIX has higher volatility (10.81%) compared to THYUX (0.87%). In terms of maximum drawdown, THYUX dropped -35.28% vs MEGIX's -69.99%.
THYUX currently has the higher Sharpe Ratio (1.48 vs 0.06), 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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