TLGUX vs. VPMAX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Pathway Funds Large Cap Equity Fund (TLGUX) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX).

TLGUX is managed by Morgan Stanley. It was launched on Nov 18, 1991. VPMAX is managed by Vanguard. It was launched on Nov 12, 2001.

Performance

TLGUX vs. VPMAX - 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 PRIMECAP Fund Admiral Shares (VPMAX). The values are adjusted to include any dividend payments, if applicable.

TLGUX vs. VPMAX - Yearly Performance Comparison

	2026 (YTD)	2025
TLGUX Morgan Stanley Pathway Funds Large Cap Equity Fund	0.00%	0.00%
VPMAX Vanguard PRIMECAP Fund Admiral Shares	-5.86%	59.96%

Returns By Period

TLGUX

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

VPMAX

• 1D: -1.19%
• 1M: -10.43%
• YTD: -5.86%
• 6M: 22.85%
• 1Y: 46.58%
• 3Y*: 25.38%
• 5Y*: 14.62%
• 10Y*: 16.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLGUX vs. VPMAX - Expense Ratio Comparison

TLGUX has a 0.47% expense ratio, which is higher than VPMAX's 0.31% expense ratio.

TLGUX

Morgan Stanley Pathway Funds Large Cap Equity Fund

VPMAX

Vanguard PRIMECAP Fund Admiral Shares

Return for Risk

TLGUX vs. VPMAX — Risk / Return Rank

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

VPMAX

VPMAX Risk / Return Rank: 93
VPMAX Sharpe Ratio Rank: 85
VPMAX Sortino Ratio Rank: 95
VPMAX Omega Ratio Rank: 93
VPMAX Calmar Ratio Rank: 95
VPMAX Martin Ratio Rank: 96

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. VPMAX - 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 PRIMECAP Fund Admiral Shares (VPMAX). 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.

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

Sharpe Ratios by Period

	TLGUX	VPMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.61	—

Dividends

TLGUX vs. VPMAX - Dividend Comparison

TLGUX has not paid dividends to shareholders, while VPMAX's dividend yield for the trailing twelve months is around 33.83%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VPMAX Vanguard PRIMECAP Fund Admiral Shares	33.83%	31.85%	6.71%	7.24%	9.94%	10.18%	9.82%	7.23%	8.43%	4.52%	5.13%	5.99%

Drawdowns

Drawdown Indicators

	TLGUX	VPMAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-48.32%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.65%	—
Current Drawdown Current decline from peak	—	-11.72%	—
Average Drawdown Average peak-to-trough decline	—	-6.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.15%	—

Volatility

Volatility by Period

	TLGUX	VPMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	28.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.12%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.09%	—