MIOIX vs. GFFFX
MIOIX (Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio) and GFFFX (American Funds The Growth Fund of America) are both mutual funds - MIOIX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while GFFFX is a Large Cap Growth Equities fund managed by American Funds. Over the past 10 years, MIOIX returned 10.16%/yr vs 16.07%/yr for GFFFX. A 0.79 correlation means they provide meaningful diversification when combined. MIOIX charges 1.00%/yr vs 0.40%/yr for GFFFX.
Performance
MIOIX vs. GFFFX - Performance Comparison
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Returns By Period
In the year-to-date period, MIOIX achieves a 7.61% return, which is significantly lower than GFFFX's 9.49% return. Over the past 10 years, MIOIX has underperformed GFFFX with an annualized return of 10.16%, while GFFFX has yielded a comparatively higher 16.07% annualized return.
MIOIX
- 1D
- -0.35%
- 1M
- 4.28%
- YTD
- 7.61%
- 6M
- 7.25%
- 1Y
- 6.26%
- 3Y*
- 14.08%
- 5Y*
- -2.06%
- 10Y*
- 10.16%
GFFFX
- 1D
- 0.17%
- 1M
- 3.32%
- YTD
- 9.49%
- 6M
- 8.82%
- 1Y
- 25.60%
- 3Y*
- 25.24%
- 5Y*
- 12.35%
- 10Y*
- 16.07%
MIOIX vs. GFFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIOIX Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio | 7.61% | 12.64% | 19.32% | 21.11% | -43.76% | -5.25% | 55.49% | 35.20% | -12.03% | 53.41% |
GFFFX American Funds The Growth Fund of America | 9.49% | 19.96% | 28.28% | 37.51% | -30.61% | 19.55% | 38.16% | 28.43% | -2.96% | 26.38% |
Correlation
The correlation between MIOIX and GFFFX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2010 | 0.79 |
The correlation between MIOIX and GFFFX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
MIOIX vs. GFFFX — Risk / Return Rank
MIOIX
GFFFX
MIOIX vs. GFFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) and American Funds The Growth Fund of America (GFFFX). 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.
| MIOIX | GFFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.84 | -1.49 |
| Martin ratioReturn relative to average drawdown | 1.09 | 7.19 | -6.10 |
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
| MIOIX | GFFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.67 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.61 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.82 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.81 | -0.32 |
Drawdowns
MIOIX vs. GFFFX - Drawdown Comparison
The maximum MIOIX drawdown since its inception was -60.88%, which is greater than GFFFX's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for MIOIX and GFFFX.
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Drawdown Indicators
| MIOIX | GFFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.88% | -36.26% | -24.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -13.74% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.42% | -21.55% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -56.75% | -36.26% | -20.49% |
Max Drawdown (10Y)Largest decline over 10 years | -60.88% | -36.26% | -24.62% |
Current DrawdownCurrent decline from peak | -20.96% | -0.95% | -20.01% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -5.57% | -10.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 3.51% | +2.40% |
Volatility
MIOIX vs. GFFFX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) has a higher volatility of 7.93% compared to American Funds The Growth Fund of America (GFFFX) at 3.81%. This indicates that MIOIX's price experiences larger fluctuations and is considered to be riskier than GFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIOIX | GFFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 3.81% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.65% | 11.66% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 15.17% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.06% | 20.24% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.15% | 19.68% | +2.47% |
MIOIX vs. GFFFX - Expense Ratio Comparison
MIOIX has a 1.00% expense ratio, which is higher than GFFFX's 0.40% expense ratio.
Dividends
MIOIX vs. GFFFX - Dividend Comparison
MIOIX has not paid dividends to shareholders, while GFFFX's dividend yield for the trailing twelve months is around 10.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFFFX American Funds The Growth Fund of America | 10.00% | 10.95% | 9.23% | 7.64% | 4.32% | 8.42% | 4.51% | 7.38% | 12.29% | 7.27% | 6.87% | 9.13% |
MIOIX Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio | 0.00% | 0.00% | 0.16% | 0.00% | 9.25% | 2.13% | 0.24% | 0.00% | 0.24% | 1.63% | 0.02% | 3.15% |
Frequently Asked Questions
MIOIX and GFFFX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIOIX has higher volatility (7.93%) compared to GFFFX (3.81%). In terms of maximum drawdown, MIOIX dropped -60.88% vs GFFFX's -36.26%.
GFFFX currently has the higher Sharpe Ratio (1.67 vs 0.33), 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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