TSDUX vs. MSEGX
TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both mutual funds - TSDUX is a Ultrashort Bond fund managed by Morgan Stanley, while MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley. Over the past 10 years, TSDUX returned 2.67%/yr vs 15.43%/yr for MSEGX. Their -0.01 correlation means they have often moved in opposite directions in the past. TSDUX charges 0.62%/yr vs 0.87%/yr for MSEGX.
Performance
TSDUX vs. MSEGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSDUX achieves a 1.91% return, which is significantly higher than MSEGX's -10.37% return. Over the past 10 years, TSDUX has underperformed MSEGX with an annualized return of 2.67%, while MSEGX has yielded a comparatively higher 15.43% 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%
MSEGX
- 1D
- -2.12%
- 1M
- -8.00%
- 6M
- -2.25%
- YTD
- -10.37%
- 1Y
- -4.78%
- 3Y*
- 19.93%
- 5Y*
- -3.00%
- 10Y*
- 15.43%
- ALL TIME*
- 10.82%
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. MSEGX - 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% |
MSEGX Morgan Stanley Institutional Growth Portfolio | -10.37% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 43.53% |
Correlation
The correlation between TSDUX and MSEGX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.05 |
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 MSEGX shifts across timeframes, from -0.05 (5 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSDUX vs. MSEGX — Risk / Return Rank
TSDUX
MSEGX
TSDUX vs. MSEGX - 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 Growth Portfolio (MSEGX). 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 | MSEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.88 | ||
| Omega ratioGain probability vs. loss probability | 2.46 | 0.98 | +1.48 |
| Calmar ratioReturn relative to maximum drawdown | 7.33 | -0.29 | +7.62 |
| Martin ratioReturn relative to average drawdown | 23.71 | -0.56 | +24.27 |
Loading charts...
Drawdowns
TSDUX vs. MSEGX - Drawdown Comparison
The maximum TSDUX drawdown since its inception was -3.94%, smaller than the maximum MSEGX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for TSDUX and MSEGX.
Loading charts...
Drawdown Indicators
| TSDUX | MSEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -69.57% | +65.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -27.83% | +27.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -32.54% | +31.81% |
Max Drawdown (5Y)Largest decline over 5 years | -1.72% | -69.57% | +67.85% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -69.57% | +65.63% |
Current DrawdownCurrent decline from peak | -0.41% | -22.53% | +22.12% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -19.50% | +19.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 14.53% | -14.41% |
Volatility
TSDUX vs. MSEGX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) is 0.47%, while Morgan Stanley Institutional Growth Portfolio (MSEGX) has a volatility of 7.39%. This indicates that TSDUX experiences smaller price fluctuations and is considered to be less risky than MSEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSDUX | MSEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 7.39% | -6.92% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 22.95% | -22.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.05% | 29.73% | -28.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.12% | 39.92% | -38.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 33.96% | -32.87% |
TSDUX vs. MSEGX - Expense Ratio Comparison
TSDUX has a 0.62% expense ratio, which is lower than MSEGX's 0.87% expense ratio.
Dividends
TSDUX vs. MSEGX - Dividend Comparison
TSDUX's dividend yield for the trailing twelve months is around 2.47%, while MSEGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEGX Morgan Stanley Institutional Growth Portfolio | 0.00% | 0.00% | 0.42% | 0.00% | 18.70% | 26.52% | 10.03% | 22.75% | 5.67% | 22.18% | 13.17% | 7.76% |
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 MSEGX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEGX has higher volatility (7.39%) compared to TSDUX (0.47%). In terms of maximum drawdown, TSDUX dropped -3.94% vs MSEGX's -69.57%.
TSDUX currently has the higher Sharpe Ratio (2.85 vs -0.27), 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.
Find the right allocation for TSDUX and MSEGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer