TIFUX vs. MPEGX
TIFUX (Morgan Stanley Pathway Funds International Fixed Income Fund) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - TIFUX is a Global Bonds fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, TIFUX returned 1.75%/yr vs 14.68%/yr for MPEGX. At a correlation of -0.05, they often move in opposite directions. TIFUX charges 0.88%/yr vs 0.72%/yr for MPEGX.
Performance
TIFUX vs. MPEGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TIFUX achieves a -0.59% return, which is significantly lower than MPEGX's 4.35% return. Over the past 10 years, TIFUX has underperformed MPEGX with an annualized return of 1.75%, while MPEGX has yielded a comparatively higher 14.68% annualized return.
TIFUX
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- -0.59%
- 6M
- -0.26%
- 1Y
- 1.50%
- 3Y*
- 3.86%
- 5Y*
- -0.10%
- 10Y*
- 1.75%
MPEGX
- 1D
- 0.51%
- 1M
- -0.08%
- YTD
- 4.35%
- 6M
- 0.55%
- 1Y
- 3.55%
- 3Y*
- 25.68%
- 5Y*
- -3.57%
- 10Y*
- 14.68%
TIFUX vs. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIFUX Morgan Stanley Pathway Funds International Fixed Income Fund | -0.59% | 3.16% | 3.93% | 8.35% | -13.21% | -2.88% | 5.88% | 7.52% | 2.21% | 3.08% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | 4.35% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between TIFUX and MPEGX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 1991 | -0.05 |
The correlation between TIFUX and MPEGX shifts across timeframes, from -0.05 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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
TIFUX vs. MPEGX — Risk / Return Rank
TIFUX
MPEGX
TIFUX vs. MPEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds International Fixed Income Fund (TIFUX) 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.
| TIFUX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.13 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.18 | 0.27 | +0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TIFUX | MPEGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.12 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.09 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.43 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.49 | +0.17 |
Drawdowns
TIFUX vs. MPEGX - Drawdown Comparison
The maximum TIFUX drawdown since its inception was -17.74%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for TIFUX and MPEGX.
Loading charts...
Drawdown Indicators
| TIFUX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -75.29% | +57.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -27.46% | +23.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -28.53% | +24.61% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -72.99% | +57.01% |
Max Drawdown (10Y)Largest decline over 10 years | -16.69% | -75.29% | +58.60% |
Current DrawdownCurrent decline from peak | -2.77% | -35.48% | +32.71% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -21.22% | +17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 12.70% | -11.32% |
Volatility
TIFUX vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds International Fixed Income Fund (TIFUX) is 1.68%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 9.30%. This indicates that TIFUX experiences smaller price fluctuations and is considered to be less risky than MPEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIFUX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 9.30% | -7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 21.23% | -17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 27.89% | -23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 40.21% | -32.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.53% | 34.53% | -29.00% |
TIFUX vs. MPEGX - Expense Ratio Comparison
TIFUX has a 0.88% expense ratio, which is higher than MPEGX's 0.72% expense ratio.
Dividends
TIFUX vs. MPEGX - Dividend Comparison
TIFUX's dividend yield for the trailing twelve months is around 2.70%, 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% |
TIFUX Morgan Stanley Pathway Funds International Fixed Income Fund | 2.70% | 2.68% | 2.40% | 0.84% | 9.55% | 2.64% | 0.72% | 4.76% | 3.53% | 1.22% | 1.10% | 7.04% |
Frequently Asked Questions
TIFUX and MPEGX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (9.30%) compared to TIFUX (1.68%). In terms of maximum drawdown, TIFUX dropped -17.74% vs MPEGX's -75.29%.
TIFUX currently has the higher Sharpe Ratio (0.38 vs 0.12), 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 TIFUX 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