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TLGUX vs. VIIIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLGUX vs. VIIIX

Last updated Jul 17, 2026
Documentation

TLGUX (Morgan Stanley Pathway Funds Large Cap Equity Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - TLGUX is a Large Cap Blend Equities fund managed by Morgan Stanley, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. TLGUX charges 0.47%/yr vs 0.02%/yr for VIIIX.

Performance

TLGUX vs. VIIIX - 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 Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

TLGUX

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

VIIIX

1D
0.39%
1M
0.88%
6M
9.67%
YTD
11.31%
1Y
22.32%
3Y*
20.90%
5Y*
13.59%
10Y*
15.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLGUX vs. VIIIX - Yearly Performance Comparison

2026 (YTD)2025
TLGUX
Morgan Stanley Pathway Funds Large Cap Equity Fund		0.00%0.00%
VIIIX
Vanguard Institutional Index Fund Institutional Plus Shares		11.31%24.97%

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Morgan Stanley Pathway Funds Large Cap Equity Fund

Vanguard Institutional Index Fund Institutional Plus Shares

Often compared with TLGUX:
TLGUX vs. FDFIXTLGUX vs. MSEQXTLGUX vs. MSEGXTLGUX vs. MEGIXTLGUX vs. SGOIXTLGUX vs. DINDXTLGUX vs. FSKAX
Often compared with VIIIX:
VIIIX vs. VIGIXVIIIX vs. SPYVIIIX vs. OIEJXVIIIX vs. VTSNXVIIIX vs. VTIVIIIX vs. VEMPXVIIIX vs. VFIFX

Return for Risk

TLGUX vs. VIIIX — 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.

VIIIX
VIIIX Risk / Return Rank: 6969
Overall Rank
VIIIX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VIIIX Sortino Ratio Rank: 6363
Sortino Ratio Rank
VIIIX Omega Ratio Rank: 6565
Omega Ratio Rank
VIIIX Calmar Ratio Rank: 6969
Calmar Ratio Rank
VIIIX Martin Ratio Rank: 8080
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. VIIIX - 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 Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.

TLGUXVIIIXDifference
Sharpe ratioReturn per unit of total volatility

—

1.82

—

Sortino ratioReturn per unit of downside risk

—

2.49

—

Omega ratioGain probability vs. loss probability

—

1.33

—

Calmar ratioReturn relative to maximum drawdown

—

2.56

—

Martin ratioReturn relative to average drawdown

—

11.25

—

TLGUX vs. VIIIX - Sharpe Ratio Comparison

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Drawdowns

TLGUX vs. VIIIX - Drawdown Comparison

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Drawdown Indicators

TLGUXVIIIXDifference

Max Drawdown

Largest peak-to-trough decline

—

-55.18%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-8.90%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.75%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.50%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.79%

—

Current Drawdown

Current decline from peak

—

-0.35%

—

Average Drawdown

Average peak-to-trough decline

—

-9.98%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.02%

—

Volatility

TLGUX vs. VIIIX - Volatility Comparison

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Volatility by Period

TLGUXVIIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.61%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.99%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

12.55%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

17.00%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

18.05%

—

TLGUX vs. VIIIX - Expense Ratio Comparison

TLGUX has a 0.47% expense ratio, which is higher than VIIIX's 0.02% expense ratio.

Dividends

TLGUX vs. VIIIX - Dividend Comparison

TLGUX has not paid dividends to shareholders, while VIIIX's dividend yield for the trailing twelve months is around 2.47%.

PositionTTM20252024202320222021202020192018201720162015
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%
VIIIX
Vanguard Institutional Index Fund Institutional Plus Shares		2.47%2.11%3.66%2.66%3.39%4.79%3.07%2.86%2.45%1.84%2.38%2.47%
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