USGDX vs. MPEGX
USGDX (Morgan Stanley U.S. Government Securities Trust) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - USGDX is a Intermediate Core Bond fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, USGDX returned 0.27%/yr vs 13.50%/yr for MPEGX. Their -0.10 correlation means they have often moved in opposite directions in the past. USGDX charges 0.52%/yr vs 0.72%/yr for MPEGX.
Performance
USGDX vs. MPEGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USGDX achieves a -4.71% return, which is significantly lower than MPEGX's -1.99% return. Over the past 10 years, USGDX has underperformed MPEGX with an annualized return of 0.27%, while MPEGX has yielded a comparatively higher 13.50% annualized return.
USGDX
- 1D
- -1.20%
- 1M
- -3.54%
- 6M
- -4.30%
- YTD
- -4.71%
- 1Y
- -0.16%
- 3Y*
- 2.50%
- 5Y*
- -2.11%
- 10Y*
- 0.27%
- ALL TIME*
- 2.82%
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 |
USGDX vs. MPEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | -4.71% | 13.54% | -6.80% | 4.64% | -13.25% | -2.18% | 5.79% | 7.23% | 0.08% | 2.91% |
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 USGDX and MPEGX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997 | -0.10 |
The correlation between USGDX and MPEGX shifts across timeframes, from -0.10 (all time) to 0.27 (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
USGDX vs. MPEGX — Risk / Return Rank
USGDX
MPEGX
USGDX vs. MPEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley U.S. Government Securities Trust (USGDX) 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.
| USGDX | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.96 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.39 | +0.65 |
| Martin ratioReturn relative to average drawdown | 0.64 | -0.78 | +1.41 |
Loading charts...
Drawdowns
USGDX vs. MPEGX - Drawdown Comparison
The maximum USGDX drawdown since its inception was -30.33%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for USGDX and MPEGX.
Loading charts...
Drawdown Indicators
| USGDX | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.33% | -75.29% | +44.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -27.46% | +19.46% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -28.53% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -29.65% | -72.99% | +43.34% |
Max Drawdown (10Y)Largest decline over 10 years | -30.33% | -75.29% | +44.96% |
Current DrawdownCurrent decline from peak | -11.00% | -39.40% | +28.40% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -21.29% | +18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 13.86% | -10.61% |
Volatility
USGDX vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley U.S. Government Securities Trust (USGDX) is 2.97%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 6.99%. This indicates that USGDX 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.
Loading charts...
Volatility by Period
| USGDX | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 6.99% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 22.19% | -15.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 29.23% | -20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 40.32% | -28.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.98% | 34.65% | -25.67% |
USGDX vs. MPEGX - Expense Ratio Comparison
USGDX has a 0.52% expense ratio, which is lower than MPEGX's 0.72% expense ratio.
Dividends
USGDX vs. MPEGX - Dividend Comparison
USGDX's dividend yield for the trailing twelve months is around 4.88%, 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% |
USGDX Morgan Stanley U.S. Government Securities Trust | 4.88% | 4.73% | 5.20% | 3.09% | 2.51% | 2.18% | 2.79% | 3.67% | 3.13% | 3.11% | 3.13% | 2.63% |
Frequently Asked Questions
USGDX and MPEGX have a correlation of 0.27, 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 USGDX (2.97%). In terms of maximum drawdown, USGDX dropped -30.33% vs MPEGX's -75.29%.
USGDX currently has the higher Sharpe Ratio (0.24 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.
Find the right allocation for USGDX and MPEGX
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