MATFX vs. MSAQX
Compare and contrast key facts about Matthews Asia Innovators Fund (MATFX) and Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX).
MATFX is managed by Matthews. It was launched on Dec 26, 1999. MSAQX is managed by Morgan Stanley. It was launched on Dec 28, 2015.
Performance
MATFX vs. MSAQX - Performance Comparison
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MATFX vs. MSAQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MATFX Matthews Asia Innovators Fund | 6.71% | 30.22% | 16.47% | -1.77% | -24.66% | -5.90% | 86.75% | 29.60% | -18.59% | 52.78% |
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | -11.91% | 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, MATFX achieves a 6.71% return, which is significantly higher than MSAQX's -11.91% return. Over the past 10 years, MATFX has outperformed MSAQX with an annualized return of 11.50%, while MSAQX has yielded a comparatively lower 7.78% annualized return.
MATFX
- 1D
- -1.05%
- 1M
- -9.74%
- YTD
- 6.71%
- 6M
- 3.63%
- 1Y
- 36.32%
- 3Y*
- 15.76%
- 5Y*
- 2.57%
- 10Y*
- 11.50%
MSAQX
- 1D
- -1.08%
- 1M
- -15.56%
- YTD
- -11.91%
- 6M
- -21.86%
- 1Y
- -11.91%
- 3Y*
- -0.57%
- 5Y*
- -9.29%
- 10Y*
- 7.78%
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MATFX vs. MSAQX - Expense Ratio Comparison
MATFX has a 1.18% expense ratio, which is higher than MSAQX's 1.10% expense ratio.
Return for Risk
MATFX vs. MSAQX — Risk / Return Rank
MATFX
MSAQX
MATFX vs. MSAQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Fund (MATFX) 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.
| MATFX | MSAQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | -0.62 | +2.34 |
Sortino ratioReturn per unit of downside risk | 2.28 | -0.73 | +3.01 |
Omega ratioGain probability vs. loss probability | 1.32 | 0.90 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.58 | +2.50 |
Martin ratioReturn relative to average drawdown | 6.58 | -1.63 | +8.21 |
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
| MATFX | MSAQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | -0.62 | +2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.39 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.35 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.35 | -0.10 |
Correlation
The correlation between MATFX and MSAQX is 0.87, 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
MATFX vs. MSAQX - Dividend Comparison
Neither MATFX nor MSAQX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MATFX Matthews Asia Innovators Fund | 0.00% | 0.00% | 0.00% | 0.00% | 26.54% | 31.07% | 1.67% | 0.29% | 2.63% | 8.44% | 0.00% | 15.24% |
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
MATFX vs. MSAQX - Drawdown Comparison
The maximum MATFX drawdown since its inception was -76.88%, which is greater than MSAQX's maximum drawdown of -61.11%. Use the drawdown chart below to compare losses from any high point for MATFX and MSAQX.
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Drawdown Indicators
| MATFX | MSAQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.88% | -61.11% | -15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -23.57% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -45.33% | -54.44% | +9.11% |
Max Drawdown (10Y)Largest decline over 10 years | -52.42% | -61.11% | +8.69% |
Current DrawdownCurrent decline from peak | -10.64% | -49.26% | +38.62% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -24.17% | -4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 8.34% | -3.59% |
Volatility
MATFX vs. MSAQX - Volatility Comparison
Matthews Asia Innovators Fund (MATFX) and Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) have volatilities of 9.83% and 10.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MATFX | MSAQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 10.10% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 15.58% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 20.48% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 24.07% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 22.04% | +0.18% |