TSDUX vs. MSEQX
TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) and MSEQX (Morgan Stanley Growth Portfolio Class I) are both mutual funds - TSDUX is a Ultrashort Bond fund managed by Morgan Stanley, while MSEQX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, TSDUX returned 2.66%/yr vs 17.37%/yr for MSEQX. At a correlation of -0.02, they often move in opposite directions. TSDUX charges 0.62%/yr vs 0.56%/yr for MSEQX.
Performance
TSDUX vs. MSEQX - Performance Comparison
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Returns By Period
In the year-to-date period, TSDUX achieves a 1.56% return, which is significantly higher than MSEQX's -1.20% return. Over the past 10 years, TSDUX has underperformed MSEQX with an annualized return of 2.66%, while MSEQX has yielded a comparatively higher 17.37% annualized return.
TSDUX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.98%
- 1Y
- 3.17%
- 3Y*
- 4.90%
- 5Y*
- 3.35%
- 10Y*
- 2.66%
MSEQX
- 1D
- -1.57%
- 1M
- 4.10%
- YTD
- -1.20%
- 6M
- -2.94%
- 1Y
- 9.09%
- 3Y*
- 29.17%
- 5Y*
- 1.84%
- 10Y*
- 17.37%
TSDUX vs. MSEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 1.56% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
MSEQX Morgan Stanley Growth Portfolio Class I | -1.20% | 24.78% | 46.65% | 50.36% | -60.18% | -0.00% | 115.60% | 38.25% | 5.38% | 43.91% |
Correlation
The correlation between TSDUX and MSEQX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2016 | -0.02 |
The correlation between TSDUX and MSEQX shifts across timeframes, from -0.07 (5 years) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSDUX vs. MSEQX — Risk / Return Rank
TSDUX
MSEQX
TSDUX vs. MSEQX - 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 Class I (MSEQX). 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.
| TSDUX | MSEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +4.48 | ||
| Omega ratioGain probability vs. loss probability | 3.14 | 1.08 | +2.06 |
| Calmar ratioReturn relative to maximum drawdown | 8.83 | 0.35 | +8.48 |
| Martin ratioReturn relative to average drawdown | 28.77 | 0.76 | +28.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSDUX | MSEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.71 | 0.35 | +3.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.13 | 0.05 | +3.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.48 | 0.52 | +1.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.48 | 0.47 | +2.01 |
Drawdowns
TSDUX vs. MSEQX - Drawdown Comparison
The maximum TSDUX drawdown since its inception was -3.94%, smaller than the maximum MSEQX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for TSDUX and MSEQX.
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Drawdown Indicators
| TSDUX | MSEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -69.48% | +65.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -27.73% | +27.32% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -32.52% | +31.79% |
Max Drawdown (5Y)Largest decline over 5 years | -1.72% | -69.48% | +67.76% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -69.48% | +65.54% |
Current DrawdownCurrent decline from peak | 0.00% | -13.64% | +13.64% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -16.89% | +16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 12.82% | -12.68% |
Volatility
TSDUX vs. MSEQX - Volatility Comparison
The current volatility for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) is 0.17%, while Morgan Stanley Growth Portfolio Class I (MSEQX) has a volatility of 8.13%. This indicates that TSDUX experiences smaller price fluctuations and is considered to be less risky than MSEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDUX | MSEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 8.13% | -7.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 21.32% | -20.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 27.99% | -26.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.11% | 39.71% | -38.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 33.76% | -32.67% |
TSDUX vs. MSEQX - Expense Ratio Comparison
TSDUX has a 0.62% expense ratio, which is higher than MSEQX's 0.56% expense ratio.
Dividends
TSDUX vs. MSEQX - Dividend Comparison
TSDUX's dividend yield for the trailing twelve months is around 2.91%, while MSEQX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEQX Morgan Stanley Growth Portfolio Class I | 0.00% | 0.00% | 0.55% | 0.05% | 16.79% | 24.24% | 9.36% | 21.39% | 5.38% | 21.18% | 12.71% | 7.55% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.91% | 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 MSEQX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSEQX has higher volatility (8.13%) compared to TSDUX (0.17%). In terms of maximum drawdown, TSDUX dropped -3.94% vs MSEQX's -69.48%.
TSDUX currently has the higher Sharpe Ratio (3.71 vs 0.35), 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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