TSDUX vs. MEGIX
TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) and MEGIX (Morgan Stanley Growth Portfolio) are both mutual funds - TSDUX is a Ultrashort Bond fund managed by Morgan Stanley, while MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 5 years, TSDUX returned 3.52%/yr vs -1.29%/yr for MEGIX. Their -0.01 correlation means they have often moved in opposite directions in the past. TSDUX charges 0.62%/yr vs 0.57%/yr for MEGIX.
Performance
TSDUX vs. MEGIX - Performance Comparison
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Returns By Period
In the year-to-date period, TSDUX achieves a 2.33% return, which is significantly higher than MEGIX's -8.81% return.
TSDUX
- 1D
- 0.10%
- 1M
- 0.41%
- 6M
- 1.86%
- YTD
- 2.33%
- 1Y
- 3.13%
- 3Y*
- 4.79%
- 5Y*
- 3.52%
- 10Y*
- 2.71%
- ALL TIME*
- 2.69%
MEGIX
- 1D
- 2.07%
- 1M
- -6.09%
- 6M
- -0.33%
- YTD
- -8.81%
- 1Y
- -3.97%
- 3Y*
- 23.52%
- 5Y*
- -1.29%
- 10Y*
- —
- ALL TIME*
- 15.34%
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 |
TSDUX vs. MEGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.33% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.63% |
MEGIX Morgan Stanley Growth Portfolio | -8.81% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | 7.73% | 19.35% |
Correlation
The correlation between TSDUX and MEGIX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | -0.01 |
The correlation between TSDUX and MEGIX shifts across timeframes, from -0.06 (5 years) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSDUX vs. MEGIX — Risk / Return Rank
TSDUX
MEGIX
TSDUX vs. MEGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) and Morgan Stanley Growth Portfolio (MEGIX). 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.
| TSDUX | MEGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.80 | ||
| Sortino ratioReturn per unit of downside risk | +5.07 | ||
| Omega ratioGain probability vs. loss probability | 3.10 | 0.99 | +2.11 |
| Calmar ratioReturn relative to maximum drawdown | 8.38 | -0.23 | +8.61 |
| Martin ratioReturn relative to average drawdown | 27.74 | -0.44 | +28.18 |
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Drawdowns
TSDUX vs. MEGIX - Drawdown Comparison
The maximum TSDUX drawdown since its inception was -3.94%, smaller than the maximum MEGIX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for TSDUX and MEGIX.
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Drawdown Indicators
| TSDUX | MEGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -69.99% | +66.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -28.03% | +27.62% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -32.12% | +31.39% |
Max Drawdown (5Y)Largest decline over 5 years | -1.72% | -69.99% | +68.27% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.78% | +18.78% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -22.93% | +22.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 14.64% | -14.52% |
Volatility
TSDUX vs. MEGIX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) is 0.19%, while Morgan Stanley Growth Portfolio (MEGIX) has a volatility of 7.40%. This indicates that TSDUX experiences smaller price fluctuations and is considered to be less risky than MEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDUX | MEGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 7.40% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 23.32% | -22.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.95% | 29.92% | -28.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.11% | 40.01% | -38.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 34.65% | -33.56% |
TSDUX vs. MEGIX - Expense Ratio Comparison
TSDUX has a 0.62% expense ratio, which is higher than MEGIX's 0.57% expense ratio.
Dividends
TSDUX vs. MEGIX - Dividend Comparison
TSDUX's dividend yield for the trailing twelve months is around 2.46%, less than MEGIX's 12.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MEGIX Morgan Stanley Growth Portfolio | 12.37% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 0.00% | 0.00% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.46% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% |
Frequently Asked Questions
TSDUX and MEGIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEGIX has higher volatility (7.40%) compared to TSDUX (0.19%). In terms of maximum drawdown, TSDUX dropped -3.94% vs MEGIX's -69.99%.
TSDUX currently has the higher Sharpe Ratio (3.59 vs -0.22), 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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