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 1.46%/yr vs 13.55%/yr for MPEGX. Their -0.05 correlation means they have often moved in opposite directions in the past. TIFUX charges 0.88%/yr vs 0.72%/yr for MPEGX.
Performance
TIFUX vs. MPEGX - Performance Comparison
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Returns By Period
In the year-to-date period, TIFUX achieves a -0.74% return, which is significantly lower than MPEGX's -0.08% return. Over the past 10 years, TIFUX has underperformed MPEGX with an annualized return of 1.46%, while MPEGX has yielded a comparatively higher 13.55% annualized return.
TIFUX
- 1D
- -0.15%
- 1M
- -1.03%
- 6M
- -1.03%
- YTD
- -0.74%
- 1Y
- 0.90%
- 3Y*
- 3.70%
- 5Y*
- -0.35%
- 10Y*
- 1.46%
- ALL TIME*
- 4.07%
MPEGX
- 1D
- 2.29%
- 1M
- -3.76%
- 6M
- 5.72%
- YTD
- -0.08%
- 1Y
- -8.83%
- 3Y*
- 18.99%
- 5Y*
- -5.55%
- 10Y*
- 13.55%
- 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 |
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 | -0.74% | 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 | -0.08% | 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 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 1991 | -0.05 |
The correlation between TIFUX and MPEGX shifts across timeframes, from -0.05 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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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.
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.
| TIFUX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.28 | +0.58 |
| Martin ratioReturn relative to average drawdown | 0.73 | -0.56 | +1.29 |
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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.
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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 | -2.92% | -38.22% | +35.30% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -21.29% | +17.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 13.82% | -12.30% |
Volatility
TIFUX vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds International Fixed Income Fund (TIFUX) is 1.15%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 6.97%. 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.
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Volatility by Period
| TIFUX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 6.97% | -5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 22.22% | -18.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.47% | 29.17% | -24.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 40.33% | -33.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 34.65% | -29.11% |
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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (6.97%) compared to TIFUX (1.15%). In terms of maximum drawdown, TIFUX dropped -17.74% vs MPEGX's -75.29%.
TIFUX currently has the higher Sharpe Ratio (0.26 vs -0.27), 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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