MFAIX vs. FSPSX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) and Fidelity International Index Fund (FSPSX).
MFAIX is managed by T. Rowe Price. It was launched on Dec 27, 2010. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
MFAIX vs. FSPSX - Performance Comparison
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MFAIX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFAIX Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio | -11.91% | 15.74% | 6.95% | 18.38% | -34.47% | 13.14% | 32.33% | 30.27% | -5.21% | 44.78% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, MFAIX achieves a -11.91% return, which is significantly lower than FSPSX's -1.94% return. Both investments have delivered pretty close results over the past 10 years, with MFAIX having a 8.94% annualized return and FSPSX not far behind at 8.65%.
MFAIX
- 1D
- -0.61%
- 1M
- -14.58%
- YTD
- -11.91%
- 6M
- -10.88%
- 1Y
- 0.04%
- 3Y*
- 3.10%
- 5Y*
- -1.07%
- 10Y*
- 8.94%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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MFAIX vs. FSPSX - Expense Ratio Comparison
MFAIX has a 1.01% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
MFAIX vs. FSPSX — Risk / Return Rank
MFAIX
FSPSX
MFAIX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) and Fidelity International Index Fund (FSPSX). 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.
| MFAIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 1.11 | -1.16 |
Sortino ratioReturn per unit of downside risk | 0.07 | 1.56 | -1.48 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.54 | -1.70 |
Martin ratioReturn relative to average drawdown | -0.60 | 5.93 | -6.53 |
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
| MFAIX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 1.11 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.51 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.53 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.46 | +0.02 |
Correlation
The correlation between MFAIX and FSPSX is 0.85, 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
MFAIX vs. FSPSX - Dividend Comparison
MFAIX has not paid dividends to shareholders, while FSPSX's dividend yield for the trailing twelve months is around 3.22%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
MFAIX vs. FSPSX - Drawdown Comparison
The maximum MFAIX drawdown since its inception was -47.98%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for MFAIX and FSPSX.
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Drawdown Indicators
| MFAIX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -33.69% | -14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -15.56% | -11.39% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -47.98% | -29.41% | -18.57% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -33.69% | -14.29% |
Current DrawdownCurrent decline from peak | -20.40% | -10.86% | -9.54% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -6.59% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.96% | +1.01% |
Volatility
MFAIX vs. FSPSX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) and Fidelity International Index Fund (FSPSX) have volatilities of 7.13% and 7.04%, 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
| MFAIX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 7.04% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 10.63% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.64% | 16.79% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 15.77% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 16.47% | +2.66% |