MELIX vs. PRSCX

Last updated Jun 4, 2026

MELIX (Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio) and PRSCX (T. Rowe Price Science And Technology Fund) are both mutual funds - MELIX is a Emerging Markets Diversified fund managed by T. Rowe Price, while PRSCX is a Technology Equities fund managed by T. Rowe Price. Over the past 10 years, MELIX returned 7.96%/yr vs 23.56%/yr for PRSCX. A 0.70 correlation means they provide meaningful diversification when combined. MELIX charges 1.15%/yr vs 0.84%/yr for PRSCX.

Performance

MELIX vs. PRSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio (MELIX) and T. Rowe Price Science And Technology Fund (PRSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MELIX achieves a 12.95% return, which is significantly lower than PRSCX's 41.41% return. Over the past 10 years, MELIX has underperformed PRSCX with an annualized return of 7.96%, while PRSCX has yielded a comparatively higher 23.56% annualized return.

MELIX

• 1D: 0.37%
• 1M: 5.78%
• YTD: 12.95%
• 6M: 11.55%
• 1Y: 19.24%
• 3Y*: 10.93%
• 5Y*: -1.47%
• 10Y*: 7.96%

PRSCX

• 1D: 2.32%
• 1M: 21.76%
• YTD: 41.41%
• 6M: 38.56%
• 1Y: 83.87%
• 3Y*: 40.30%
• 5Y*: 18.72%
• 10Y*: 23.56%

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

MELIX vs. PRSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MELIX Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio	12.95%	10.61%	2.24%	12.17%	-33.49%	1.84%	59.43%	31.26%	-14.12%	26.01%
PRSCX T. Rowe Price Science And Technology Fund	41.41%	24.28%	40.49%	53.77%	-35.40%	5.83%	45.94%	53.80%	-7.52%	39.38%

Correlation

The correlation between MELIX and PRSCX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 9, 2015	0.70

The correlation between MELIX and PRSCX shifts across timeframes, from 0.62 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MELIX vs. PRSCX — Risk / Return Rank

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

MELIX

MELIX Risk / Return Rank: 15
MELIX Sharpe Ratio Rank: 15
MELIX Sortino Ratio Rank: 14
MELIX Omega Ratio Rank: 16
MELIX Calmar Ratio Rank: 14
MELIX Martin Ratio Rank: 16

PRSCX

PRSCX Risk / Return Rank: 91
PRSCX Sharpe Ratio Rank: 98
PRSCX Sortino Ratio Rank: 90
PRSCX Omega Ratio Rank: 86
PRSCX Calmar Ratio Rank: 92
PRSCX Martin Ratio Rank: 91

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.

MELIX vs. PRSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio (MELIX) and T. Rowe Price Science And Technology Fund (PRSCX). 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.

	MELIX	PRSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	3.79	-2.72
Sortino ratio: Return per unit of downside risk	1.56	4.40	-2.83
Omega ratio: Gain probability vs. loss probability	1.20	1.59	-0.38
Calmar ratio: Return relative to maximum drawdown	1.25	5.02	-3.77
Martin ratio: Return relative to average drawdown	4.52	18.70	-14.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MELIX vs. PRSCX - Sharpe Ratio Comparison

The current MELIX Sharpe Ratio is 1.08, which is lower than the PRSCX Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of MELIX and PRSCX, 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

	MELIX	PRSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	3.79	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.68	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.96	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.52	-0.17

Drawdowns

MELIX vs. PRSCX - Drawdown Comparison

The maximum MELIX drawdown since its inception was -46.84%, smaller than the maximum PRSCX drawdown of -85.26%. Use the drawdown chart below to compare losses from any high point for MELIX and PRSCX.

Drawdown Indicators

	MELIX	PRSCX	Difference
Max Drawdown Largest peak-to-trough decline	-46.84%	-85.26%	+38.42%
Max Drawdown (1Y) Largest decline over 1 year	-15.14%	-17.99%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-21.85%	-31.06%	+9.21%
Max Drawdown (5Y) Largest decline over 5 years	-44.63%	-46.19%	+1.56%
Max Drawdown (10Y) Largest decline over 10 years	-46.84%	-46.19%	-0.65%
Current Drawdown Current decline from peak	-18.30%	0.00%	-18.30%
Average Drawdown Average peak-to-trough decline	-17.86%	-29.89%	+12.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	4.75%	-0.59%

Volatility

MELIX vs. PRSCX - Volatility Comparison

The current volatility for Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio (MELIX) is 6.40%, while T. Rowe Price Science And Technology Fund (PRSCX) has a volatility of 9.43%. This indicates that MELIX experiences smaller price fluctuations and is considered to be less risky than PRSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MELIX	PRSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	9.43%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	19.91%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	23.82%	-6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	27.82%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	24.81%	-5.17%

MELIX vs. PRSCX - Expense Ratio Comparison

MELIX has a 1.15% expense ratio, which is higher than PRSCX's 0.84% expense ratio.

Dividends

MELIX vs. PRSCX - Dividend Comparison

MELIX has not paid dividends to shareholders, while PRSCX's dividend yield for the trailing twelve months is around 8.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MELIX Morgan Stanley Institutional Fund, Inc. Emerging Markets Leaders Portfolio	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	4.04%	6.90%	0.47%	0.97%	0.12%	1.30%
PRSCX T. Rowe Price Science And Technology Fund	8.15%	11.53%	9.43%	0.00%	7.83%	33.69%	13.90%	10.91%	36.03%	13.21%	3.68%	18.51%

Frequently Asked Questions

Can I hold both MELIX and PRSCX in my portfolio?

MELIX and PRSCX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MELIX or PRSCX?

PRSCX has higher volatility (9.43%) compared to MELIX (6.40%). In terms of maximum drawdown, MELIX dropped -46.84% vs PRSCX's -85.26%.

Which has better risk-adjusted returns?

PRSCX currently has the higher Sharpe Ratio (3.79 vs 1.08), 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.