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TLGUX vs. MACGX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLGUX vs. MACGX

Last updated Jun 24, 2026

TLGUX (Morgan Stanley Pathway Funds Large Cap Equity Fund) and MACGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A) are both mutual funds - TLGUX is a Large Cap Blend Equities fund managed by Morgan Stanley, while MACGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. TLGUX charges 0.47%/yr vs 1.00%/yr for MACGX.

Performance

TLGUX vs. MACGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Pathway Funds Large Cap Equity Fund (TLGUX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

TLGUX

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

MACGX

1D
-0.18%
1M
-4.01%
YTD
-1.87%
6M
-5.57%
1Y
-6.92%
3Y*
22.95%
5Y*
-7.15%
10Y*
13.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLGUX vs. MACGX - Yearly Performance Comparison

2026 (YTD)2025
TLGUX
Morgan Stanley Pathway Funds Large Cap Equity Fund		0.00%0.00%
MACGX
Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A		-1.87%15.85%

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Morgan Stanley Pathway Funds Large Cap Equity Fund

Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A

Often compared with TLGUX:
TLGUX vs. FDFIXTLGUX vs. MSEQXTLGUX vs. MEGIXTLGUX vs. MSEGXTLGUX vs. SGOIXTLGUX vs. VFFSXTLGUX vs. FSKAX
Often compared with MACGX:
MACGX vs. CPOAXMACGX vs. VOOMACGX vs. ARKWMACGX vs. SPYMACGX vs. FBGRXMACGX vs. FSMDXMACGX vs. VTI

Return for Risk

TLGUX vs. MACGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLGUX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MACGX
MACGX Risk / Return Rank: 22
Overall Rank
MACGX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
MACGX Sortino Ratio Rank: 22
Sortino Ratio Rank
MACGX Omega Ratio Rank: 22
Omega Ratio Rank
MACGX Calmar Ratio Rank: 22
Calmar Ratio Rank
MACGX Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLGUX vs. MACGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Large Cap Equity Fund (TLGUX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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.

TLGUXMACGXDifference
Sharpe ratioReturn per unit of total volatility

—

-0.19

—

Sortino ratioReturn per unit of downside risk

—

-0.07

—

Omega ratioGain probability vs. loss probability

—

0.99

—

Calmar ratioReturn relative to maximum drawdown

—

-0.19

—

Martin ratioReturn relative to average drawdown

—

-0.41

—

TLGUX vs. MACGX - Sharpe Ratio Comparison

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Drawdowns

TLGUX vs. MACGX - Drawdown Comparison

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Drawdown Indicators

TLGUXMACGXDifference

Max Drawdown

Largest peak-to-trough decline

—

-77.61%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-27.55%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-28.55%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-77.61%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-77.61%

—

Current Drawdown

Current decline from peak

—

-45.44%

—

Average Drawdown

Average peak-to-trough decline

—

-25.68%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

13.23%

—

Volatility

TLGUX vs. MACGX - Volatility Comparison

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Volatility by Period

TLGUXMACGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

9.66%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

21.85%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

28.74%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

48.40%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

39.44%

—

TLGUX vs. MACGX - Expense Ratio Comparison

TLGUX has a 0.47% expense ratio, which is lower than MACGX's 1.00% expense ratio.

Dividends

TLGUX vs. MACGX - Dividend Comparison

Neither TLGUX nor MACGX has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MACGX
Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A		0.00%0.00%0.00%0.00%0.00%52.53%9.95%15.34%29.46%48.48%75.72%14.05%
TLGUX
Morgan Stanley Pathway Funds Large Cap Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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