ASIAX vs. MSAQX
Compare and contrast key facts about Invesco EQV Asia Pacific Equity Fund (ASIAX) and Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX).
ASIAX is managed by Invesco. It was launched on Nov 2, 1997. MSAQX is managed by Morgan Stanley. It was launched on Dec 28, 2015.
Performance
ASIAX vs. MSAQX - Performance Comparison
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ASIAX vs. MSAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 0.36% | 24.56% | 9.59% | 0.87% | -10.82% | -6.10% | 25.76% | 17.78% | -11.50% | 29.13% |
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | -9.06% | 2.06% | 19.71% | -6.83% | -22.01% | -20.52% | 52.55% | 44.74% | -13.64% | 76.83% |
Returns By Period
In the year-to-date period, ASIAX achieves a 0.36% return, which is significantly higher than MSAQX's -9.06% return. Over the past 10 years, ASIAX has underperformed MSAQX with an annualized return of 7.29%, while MSAQX has yielded a comparatively higher 8.13% annualized return.
ASIAX
- 1D
- 2.45%
- 1M
- -8.56%
- YTD
- 0.36%
- 6M
- 5.66%
- 1Y
- 27.53%
- 3Y*
- 9.63%
- 5Y*
- 2.35%
- 10Y*
- 7.29%
MSAQX
- 1D
- 3.24%
- 1M
- -11.97%
- YTD
- -9.06%
- 6M
- -19.76%
- 1Y
- -9.35%
- 3Y*
- 0.50%
- 5Y*
- -9.16%
- 10Y*
- 8.13%
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ASIAX vs. MSAQX - Expense Ratio Comparison
ASIAX has a 1.45% expense ratio, which is higher than MSAQX's 1.10% expense ratio.
Return for Risk
ASIAX vs. MSAQX — Risk / Return Rank
ASIAX
MSAQX
ASIAX vs. MSAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Asia Pacific Equity Fund (ASIAX) and Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX). 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.
| ASIAX | MSAQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | -0.44 | +2.15 |
Sortino ratioReturn per unit of downside risk | 2.32 | -0.47 | +2.79 |
Omega ratioGain probability vs. loss probability | 1.33 | 0.94 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.51 | +2.70 |
Martin ratioReturn relative to average drawdown | 8.81 | -1.45 | +10.26 |
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
| ASIAX | MSAQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | -0.44 | +2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.38 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.37 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.37 | +0.10 |
Correlation
The correlation between ASIAX and MSAQX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ASIAX vs. MSAQX - Dividend Comparison
ASIAX's dividend yield for the trailing twelve months is around 21.34%, while MSAQX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 21.34% | 21.41% | 8.68% | 2.84% | 7.25% | 7.71% | 7.37% | 5.67% | 7.17% | 7.91% | 1.09% | 3.15% |
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 0.00% | 0.00% | 1.82% | 0.26% | 0.00% | 0.88% | 1.06% | 0.05% | 0.69% | 1.12% | 2.24% | 0.00% |
Drawdowns
ASIAX vs. MSAQX - Drawdown Comparison
The maximum ASIAX drawdown since its inception was -63.78%, roughly equal to the maximum MSAQX drawdown of -61.11%. Use the drawdown chart below to compare losses from any high point for ASIAX and MSAQX.
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Drawdown Indicators
| ASIAX | MSAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.78% | -61.11% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -23.57% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -32.40% | -54.44% | +22.04% |
Max Drawdown (10Y)Largest decline over 10 years | -36.32% | -61.11% | +24.79% |
Current DrawdownCurrent decline from peak | -9.56% | -47.62% | +38.06% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -24.18% | +9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 8.31% | -5.39% |
Volatility
ASIAX vs. MSAQX - Volatility Comparison
The current volatility for Invesco EQV Asia Pacific Equity Fund (ASIAX) is 7.36%, while Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a volatility of 10.85%. This indicates that ASIAX experiences smaller price fluctuations and is considered to be less risky than MSAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIAX | MSAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 10.85% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 15.94% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 20.70% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 24.12% | -9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 22.07% | -7.03% |