TSDUX vs. MPEGX
TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - TSDUX is a Ultrashort Bond fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, TSDUX returned 2.67%/yr vs 13.50%/yr for MPEGX. Their -0.01 correlation means they have often moved in opposite directions in the past. TSDUX charges 0.62%/yr vs 0.72%/yr for MPEGX.
Performance
TSDUX vs. MPEGX - Performance Comparison
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Returns By Period
In the year-to-date period, TSDUX achieves a 1.91% return, which is significantly higher than MPEGX's -1.99% return. Over the past 10 years, TSDUX has underperformed MPEGX with an annualized return of 2.67%, while MPEGX has yielded a comparatively higher 13.50% annualized return.
TSDUX
- 1D
- -0.41%
- 1M
- 0.00%
- 6M
- 1.45%
- YTD
- 1.91%
- 1Y
- 2.71%
- 3Y*
- 4.61%
- 5Y*
- 3.44%
- 10Y*
- 2.67%
- ALL TIME*
- 2.65%
MPEGX
- 1D
- -1.91%
- 1M
- -5.60%
- 6M
- 3.88%
- YTD
- -1.99%
- 1Y
- -10.57%
- 3Y*
- 18.58%
- 5Y*
- -5.92%
- 10Y*
- 13.50%
- ALL TIME*
- 12.70%
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. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 1.91% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -1.99% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between TSDUX and MPEGX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | -0.01 |
The correlation between TSDUX and MPEGX shifts across timeframes, from -0.06 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSDUX vs. MPEGX — Risk / Return Rank
TSDUX
MPEGX
TSDUX vs. MPEGX - 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 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.
| TSDUX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 2.46 | 0.96 | +1.50 |
| Calmar ratioReturn relative to maximum drawdown | 7.33 | -0.39 | +7.72 |
| Martin ratioReturn relative to average drawdown | 23.71 | -0.78 | +24.49 |
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Drawdowns
TSDUX vs. MPEGX - Drawdown Comparison
The maximum TSDUX drawdown since its inception was -3.94%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for TSDUX and MPEGX.
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Drawdown Indicators
| TSDUX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -75.29% | +71.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -27.46% | +27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -28.53% | +27.80% |
Max Drawdown (5Y)Largest decline over 5 years | -1.72% | -72.99% | +71.27% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -75.29% | +71.35% |
Current DrawdownCurrent decline from peak | -0.41% | -39.40% | +38.99% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -21.29% | +21.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 13.86% | -13.74% |
Volatility
TSDUX vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) is 0.47%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 6.99%. This indicates that TSDUX 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
| TSDUX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 6.99% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 22.19% | -21.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.05% | 29.23% | -28.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.12% | 40.32% | -39.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 34.65% | -33.56% |
TSDUX vs. MPEGX - Expense Ratio Comparison
TSDUX has a 0.62% expense ratio, which is lower than MPEGX's 0.72% expense ratio.
Dividends
TSDUX vs. MPEGX - Dividend Comparison
TSDUX's dividend yield for the trailing twelve months is around 2.47%, 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% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.47% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
Frequently Asked Questions
TSDUX and MPEGX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPEGX has higher volatility (6.99%) compared to TSDUX (0.47%). In terms of maximum drawdown, TSDUX dropped -3.94% vs MPEGX's -75.29%.
TSDUX currently has the higher Sharpe Ratio (2.85 vs -0.37), 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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