GQFPX vs. MSFAX

Last updated Jun 4, 2026

GQFPX (GQG Partners Global Quality Dividend Income Fund) and MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) are both Global Equities funds. Over the past 3 years, GQFPX returned 14.73%/yr vs -2.08%/yr for MSFAX. A 0.59 correlation means they provide meaningful diversification when combined. GQFPX charges 0.86%/yr vs 0.92%/yr for MSFAX.

Performance

GQFPX vs. MSFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GQG Partners Global Quality Dividend Income Fund (GQFPX) and Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GQFPX achieves a 8.80% return, which is significantly higher than MSFAX's -9.27% return.

GQFPX

• 1D: 0.53%
• 1M: -2.50%
• YTD: 8.80%
• 6M: 9.02%
• 1Y: 15.73%
• 3Y*: 14.73%
• 5Y*: —
• 10Y*: —

MSFAX

• 1D: -1.14%
• 1M: -1.97%
• YTD: -9.27%
• 6M: -19.53%
• 1Y: -25.03%
• 3Y*: -2.08%
• 5Y*: -0.70%
• 10Y*: 6.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GQFPX vs. MSFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GQFPX GQG Partners Global Quality Dividend Income Fund	8.80%	19.29%	4.81%	15.09%	-1.13%	5.03%
MSFAX Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio	-9.27%	-11.65%	8.94%	16.41%	-17.26%	11.00%

Correlation

The correlation between GQFPX and MSFAX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.59

Over the past year, the correlation between GQFPX and MSFAX has dropped to 0.34 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

GQFPX vs. MSFAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GQFPX

GQFPX Risk / Return Rank: 39
GQFPX Sharpe Ratio Rank: 33
GQFPX Sortino Ratio Rank: 32
GQFPX Omega Ratio Rank: 31
GQFPX Calmar Ratio Rank: 61
GQFPX Martin Ratio Rank: 40

MSFAX

MSFAX Risk / Return Rank: 0
MSFAX Sharpe Ratio Rank: 0
MSFAX Sortino Ratio Rank: 0
MSFAX Omega Ratio Rank: 0
MSFAX Calmar Ratio Rank: 0
MSFAX Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GQFPX vs. MSFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GQG Partners Global Quality Dividend Income Fund (GQFPX) and Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX). 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.

	GQFPX	MSFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	-1.51	+3.17
Sortino ratio: Return per unit of downside risk	2.35	-1.83	+4.18
Omega ratio: Gain probability vs. loss probability	1.29	0.69	+0.60
Calmar ratio: Return relative to maximum drawdown	2.99	-0.85	+3.84
Martin ratio: Return relative to average drawdown	8.58	-1.57	+10.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQFPX vs. MSFAX - Sharpe Ratio Comparison

The current GQFPX Sharpe Ratio is 1.66, which is higher than the MSFAX Sharpe Ratio of -1.51. The chart below compares the historical Sharpe Ratios of GQFPX and MSFAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GQFPX	MSFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	-1.51	+3.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.61	+0.21

Drawdowns

GQFPX vs. MSFAX - Drawdown Comparison

The maximum GQFPX drawdown since its inception was -16.95%, smaller than the maximum MSFAX drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for GQFPX and MSFAX.

Drawdown Indicators

	GQFPX	MSFAX	Difference
Max Drawdown Largest peak-to-trough decline	-16.95%	-43.81%	+26.86%
Max Drawdown (1Y) Largest decline over 1 year	-5.24%	-30.00%	+24.76%
Max Drawdown (3Y) Largest decline over 3 years	-10.57%	-33.89%	+23.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.89%	—
Current Drawdown Current decline from peak	-3.93%	-29.87%	+25.94%
Average Drawdown Average peak-to-trough decline	-3.00%	-5.86%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	16.13%	-14.31%

Volatility

GQFPX vs. MSFAX - Volatility Comparison

GQG Partners Global Quality Dividend Income Fund (GQFPX) has a higher volatility of 3.24% compared to Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) at 2.87%. This indicates that GQFPX's price experiences larger fluctuations and is considered to be riskier than MSFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQFPX	MSFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	2.87%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	16.01%	-8.38%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	16.85%	-7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	16.94%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.82%	16.92%	-4.10%

GQFPX vs. MSFAX - Expense Ratio Comparison

GQFPX has a 0.86% expense ratio, which is lower than MSFAX's 0.92% expense ratio.

Dividends

GQFPX vs. MSFAX - Dividend Comparison

GQFPX's dividend yield for the trailing twelve months is around 5.87%, while MSFAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQFPX GQG Partners Global Quality Dividend Income Fund	5.87%	5.32%	3.71%	3.69%	5.18%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSFAX Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio	0.00%	0.00%	11.85%	1.96%	1.69%	2.75%	3.48%	8.23%	5.76%	3.72%	3.11%	4.75%

Frequently Asked Questions

Can I hold both GQFPX and MSFAX in my portfolio?

GQFPX and MSFAX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GQFPX or MSFAX?

GQFPX has higher volatility (3.24%) compared to MSFAX (2.87%). In terms of maximum drawdown, GQFPX dropped -16.95% vs MSFAX's -43.81%.

Which has better risk-adjusted returns?

GQFPX currently has the higher Sharpe Ratio (1.66 vs -1.51), 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.