- ISIN
- US61760X6123
- CUSIP
- 61760X612
- Issuer
- T. Rowe Price
- Inception Date
- Jun 29, 2011
- Category
- Emerging Markets Diversified
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MELIX Performance Chart
Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio (MELIX) is up 15.1% since the beginning of the year. MELIX is currently trading at $19 per share. Investors who bought $1,000 worth of MELIX shares 5 years ago would now be looking at an investment worth $937.
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Returns By Period
Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio (MELIX) has returned 15.05% so far this year and 21.84% over the past 12 months. Over the last ten years, MELIX has returned 8.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio
- 1D
- 2.73%
- 1M
- 6.14%
- YTD
- 15.05%
- 6M
- 16.51%
- 1Y
- 21.84%
- 3Y*
- 10.53%
- 5Y*
- -1.30%
- 10Y*
- 8.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MELIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 8, 2015, MELIX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jul 2020 with a return of +11.3%, while the worst month was Mar 2020 at -19.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.
On a daily basis, MELIX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +6.7%, while the worst single day was Mar 16, 2020 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.42% | 3.65% | -10.40% | 11.11% | 4.89% | 2.79% | 15.05% | ||||||
| 2025 | -0.73% | -6.88% | 1.51% | 8.06% | 3.07% | 3.81% | -5.20% | 3.55% | 2.86% | 0.85% | 1.86% | -1.71% | 10.61% |
| 2024 | -4.68% | 2.92% | 3.94% | -1.53% | 1.96% | 6.03% | 0.00% | 3.56% | -0.30% | -2.54% | -2.05% | -4.44% | 2.24% |
| 2023 | 5.32% | -3.61% | -0.22% | -0.68% | 0.98% | 4.19% | 2.30% | -3.86% | -2.34% | -4.26% | 10.00% | 4.76% | 12.17% |
| 2022 | -10.32% | -4.29% | -3.65% | -10.34% | -2.32% | -5.52% | 5.47% | -0.42% | -9.85% | -3.36% | 8.40% | -2.01% | -33.49% |
| 2021 | 3.40% | 1.29% | -6.93% | 6.07% | -0.15% | 6.23% | -6.66% | 8.70% | -4.07% | 1.21% | -3.53% | -2.29% | 1.84% |
Benchmark Metrics
Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio has an annualized alpha of -1.49%, beta of 0.77, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since January 08, 2015.
- This fund participated in 78.43% of S&P 500 Index downside but only 63.24% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.49%
- Beta
- 0.77
- R²
- 0.52
- Upside Capture
- 63.24%
- Downside Capture
- 78.43%
Expense Ratio
MELIX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MELIX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio (MELIX) and compare them to S&P 500 Index.
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.
| MELIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.78 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.93 | 12.44 | -7.51 |
Dividends
Dividend History
Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.78 | $0.88 | $0.05 | $0.12 | $0.01 | $0.12 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 4.04% | 6.90% | 0.47% | 0.97% | 0.12% | 1.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio was 46.84%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio drawdown is 16.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -46.84%Oct 2022 | 1y 8mo | — | 5y 4moFeb 2021 - now |
COVID crash2020 | -32.13%Mar 2020 | 1mo 2d | 3mo 2d | 4mo 4dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -24.88%Oct 2018 | 9mo 3d | 1y 29d | 1y 10moJan 2018 - Nov 2019 |
2016 bear market2016 | -21.31%Jan 2016 | 9mo 16d | 6mo 27d | 1y 4moApr 2015 - Aug 2016 |
2016 correction2016 | -13.50%Dec 2016 | 2mo 19d | 4mo 2d | 6mo 21dOct 2016 - Apr 2017 |
Drawdown Indicators
| MELIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.84% | -56.78% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.14% | -9.10% | -6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.85% | -18.90% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -44.63% | -25.43% | -19.20% |
Max Drawdown (10Y)Largest decline over 10 years | -46.84% | -33.92% | -12.92% |
Current DrawdownCurrent decline from peak | -16.78% | -1.80% | -14.98% |
Average DrawdownAverage peak-to-trough decline | -17.87% | -10.71% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 2.03% | +2.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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