- ISIN
- US61756E7849
- CUSIP
- 61756E784
- Issuer
- T. Rowe Price
- Inception Date
- Jun 30, 2008
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MPAIX Performance Chart
Morgan Stanley Institutional Fund, Inc. Advantage Portfolio (MPAIX) is down 6.2% since the beginning of the year. MPAIX is currently trading at $27 per share. Investors who bought $1,000 worth of MPAIX shares 5 years ago would now be looking at an investment worth $919.
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Returns By Period
Morgan Stanley Institutional Fund, Inc. Advantage Portfolio (MPAIX) has returned -6.23% so far this year and -3.15% over the past 12 months. Over the last ten years, MPAIX has returned 11.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Morgan Stanley Institutional Fund, Inc. Advantage Portfolio
- 1D
- 0.42%
- 1M
- 0.95%
- YTD
- -6.23%
- 6M
- -9.52%
- 1Y
- -3.15%
- 3Y*
- 18.02%
- 5Y*
- -1.68%
- 10Y*
- 11.74%
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%
MPAIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2008, MPAIX's average daily return is +0.06%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +19.9%, while the worst month was Apr 2022 at -19.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.
On a daily basis, MPAIX closed higher 53% of trading days. The best single day was Nov 11, 2022 with a return of +17.5%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.71% | -2.84% | -2.84% | 5.12% | 7.38% | -4.64% | -6.23% | ||||||
| 2025 | 10.39% | -5.79% | -10.40% | 7.49% | 13.19% | 6.83% | 2.01% | -1.36% | 4.28% | 3.24% | -9.52% | 0.20% | 18.96% |
| 2024 | -1.98% | 11.87% | 0.93% | -9.55% | -2.37% | 3.70% | 0.95% | 3.98% | 5.31% | 4.29% | 19.44% | -2.40% | 36.20% |
| 2023 | 15.70% | -2.64% | 5.87% | -5.06% | 10.44% | 7.93% | 6.61% | -11.09% | -5.94% | -7.07% | 19.88% | 9.12% | 46.28% |
| 2022 | -18.26% | -4.05% | -4.37% | -19.46% | -15.19% | -9.19% | 13.70% | 1.69% | -10.35% | 5.00% | -0.71% | -9.01% | -54.25% |
| 2021 | -1.94% | 5.66% | -6.07% | 5.13% | -2.35% | 8.61% | -0.13% | 1.49% | -6.60% | 5.11% | -4.52% | -7.77% | -4.91% |
Benchmark Metrics
Morgan Stanley Institutional Fund, Inc. Advantage Portfolio has an annualized alpha of 1.47%, beta of 1.06, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since July 01, 2008.
- This fund captured 105.33% of S&P 500 Index gains and 101.72% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.06 and R2 of 0.65, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.47%
- Beta
- 1.06
- R²
- 0.65
- Upside Capture
- 105.33%
- Downside Capture
- 101.72%
Expense Ratio
MPAIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MPAIX ranks 2 for risk / return — in the bottom 2% 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. Advantage Portfolio (MPAIX) 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.
| MPAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.78 | -2.93 |
| Martin ratioReturn relative to average drawdown | -0.29 | 12.44 | -12.73 |
Dividends
Dividend History
Morgan Stanley Institutional Fund, Inc. Advantage Portfolio provided a 0.03% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.36 | $0.00 | $3.43 | $7.78 | $2.23 | $0.98 | $0.95 | $1.59 | $0.38 | $1.55 |
Dividend yield | 0.03% | 0.03% | 1.50% | 0.00% | 28.33% | 23.18% | 5.16% | 3.77% | 4.54% | 7.43% | 2.17% | 8.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund, Inc. Advantage 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 | $0.01 | $0.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 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 | $3.43 | $3.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.78 | $7.78 |
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. Advantage 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. Advantage Portfolio was 64.09%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Morgan Stanley Institutional Fund, Inc. Advantage Portfolio drawdown is 15.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -64.09%Jun 2022 | 7mo 1d | — | 4y 7moNov 2021 - now |
Financial crisis2007–2009 | -49.55%Mar 2009 | 8mo 10d | 1y 1mo | 1y 9moJul 2008 - Apr 2010 |
COVID crash2020 | -28.45%Mar 2020 | 25d | 1mo 23d | 2mo 18dFeb 2020 - May 2020 |
Rate-hike selloffLate 2018 | -19.82%Dec 2018 | 2mo 27d | 2mo 19d | 5mo 16dSep 2018 - Mar 2019 |
2021 correction2021 | -17.74%May 2021 | 2mo 26d | 2mo 11d | 5mo 7dFeb 2021 - Jul 2021 |
Drawdown Indicators
| MPAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.09% | -56.78% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -24.41% | -9.10% | -15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -27.15% | -18.90% | -8.25% |
Max Drawdown (5Y)Largest decline over 5 years | -64.09% | -25.43% | -38.66% |
Max Drawdown (10Y)Largest decline over 10 years | -64.09% | -33.92% | -30.17% |
Current DrawdownCurrent decline from peak | -15.86% | -1.80% | -14.06% |
Average DrawdownAverage peak-to-trough decline | -13.54% | -10.71% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.10% | 2.03% | +10.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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