DGEIX vs. MFAIX
DGEIX (DFA Global Equity Portfolio Institutional Class) and MFAIX (Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio) are both mutual funds - DGEIX is a Global Equities fund managed by Dimensional, while MFAIX is a Foreign Large Cap Equities fund managed by T. Rowe Price. Over the past 10 years, DGEIX returned 12.51%/yr vs 10.23%/yr for MFAIX. A 0.79 correlation means they provide meaningful diversification when combined. DGEIX charges 0.25%/yr vs 1.01%/yr for MFAIX.
Performance
DGEIX vs. MFAIX - Performance Comparison
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Returns By Period
In the year-to-date period, DGEIX achieves a 13.03% return, which is significantly higher than MFAIX's 1.58% return. Over the past 10 years, DGEIX has outperformed MFAIX with an annualized return of 12.51%, while MFAIX has yielded a comparatively lower 10.23% annualized return.
DGEIX
- 1D
- 0.47%
- 1M
- 4.90%
- YTD
- 13.03%
- 6M
- 13.93%
- 1Y
- 30.01%
- 3Y*
- 20.54%
- 5Y*
- 10.87%
- 10Y*
- 12.51%
MFAIX
- 1D
- -0.11%
- 1M
- 5.89%
- YTD
- 1.58%
- 6M
- 1.77%
- 1Y
- 3.22%
- 3Y*
- 8.00%
- 5Y*
- 0.24%
- 10Y*
- 10.23%
DGEIX vs. MFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGEIX DFA Global Equity Portfolio Institutional Class | 13.03% | 19.86% | 15.71% | 20.35% | -14.72% | 20.31% | 13.51% | 26.68% | -11.48% | 21.36% |
MFAIX Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio | 1.58% | 15.74% | 6.95% | 18.38% | -34.47% | 13.14% | 32.33% | 30.27% | -5.21% | 44.78% |
Correlation
The correlation between DGEIX and MFAIX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2010 | 0.79 |
The correlation between DGEIX and MFAIX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
DGEIX vs. MFAIX — Risk / Return Rank
DGEIX
MFAIX
DGEIX vs. MFAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Global Equity Portfolio Institutional Class (DGEIX) and Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX). 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.
| DGEIX | MFAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.04 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 0.17 | +3.30 |
| Martin ratioReturn relative to average drawdown | 15.24 | 0.57 | +14.67 |
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
| DGEIX | MFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.15 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.01 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.53 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.53 | -0.02 |
Drawdowns
DGEIX vs. MFAIX - Drawdown Comparison
The maximum DGEIX drawdown since its inception was -59.77%, which is greater than MFAIX's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for DGEIX and MFAIX.
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Drawdown Indicators
| DGEIX | MFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -47.98% | -11.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -15.56% | +6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.97% | -23.07% | +6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -47.98% | +22.78% |
Max Drawdown (10Y)Largest decline over 10 years | -37.00% | -47.98% | +10.98% |
Current DrawdownCurrent decline from peak | 0.00% | -8.21% | +8.21% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -9.17% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 4.74% | -2.72% |
Volatility
DGEIX vs. MFAIX - Volatility Comparison
The current volatility for DFA Global Equity Portfolio Institutional Class (DGEIX) is 3.28%, while Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) has a volatility of 6.01%. This indicates that DGEIX experiences smaller price fluctuations and is considered to be less risky than MFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGEIX | MFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 6.01% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 14.63% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 18.06% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 21.76% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 19.34% | -2.47% |
DGEIX vs. MFAIX - Expense Ratio Comparison
DGEIX has a 0.25% expense ratio, which is lower than MFAIX's 1.01% expense ratio.
Dividends
DGEIX vs. MFAIX - Dividend Comparison
DGEIX's dividend yield for the trailing twelve months is around 2.68%, while MFAIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGEIX DFA Global Equity Portfolio Institutional Class | 2.68% | 2.79% | 3.64% | 3.82% | 4.92% | 1.94% | 2.37% | 2.22% | 2.62% | 1.50% | 1.90% | 1.98% |
MFAIX Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio | 0.00% | 0.00% | 0.14% | 0.05% | 4.55% | 0.99% | 0.04% | 0.26% | 1.75% | 2.03% | 1.67% | 15.04% |
Frequently Asked Questions
DGEIX and MFAIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFAIX has higher volatility (6.01%) compared to DGEIX (3.28%). In terms of maximum drawdown, DGEIX dropped -59.77% vs MFAIX's -47.98%.
DGEIX currently has the higher Sharpe Ratio (2.62 vs 0.15), 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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