MGQIX vs. PRWAX
MGQIX (Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - MGQIX is a Global Equities fund managed by T. Rowe Price, while PRWAX is a Large Cap Growth Equities fund managed by T. Rowe Price. Over the past 10 years, MGQIX returned 6.77%/yr vs 17.43%/yr for PRWAX. Their correlation of 0.83 suggests significant overlap in exposure. MGQIX charges 0.90%/yr vs 0.76%/yr for PRWAX.
Performance
MGQIX vs. PRWAX - Performance Comparison
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Returns By Period
In the year-to-date period, MGQIX achieves a -2.42% return, which is significantly lower than PRWAX's 1.11% return. Over the past 10 years, MGQIX has underperformed PRWAX with an annualized return of 6.77%, while PRWAX has yielded a comparatively higher 17.43% annualized return.
MGQIX
- 1D
- -0.23%
- 1M
- 1.89%
- YTD
- -2.42%
- 6M
- -26.62%
- 1Y
- -27.60%
- 3Y*
- 0.01%
- 5Y*
- -0.29%
- 10Y*
- 6.77%
PRWAX
- 1D
- 0.18%
- 1M
- 3.86%
- YTD
- 1.11%
- 6M
- 0.69%
- 1Y
- 14.72%
- 3Y*
- 18.74%
- 5Y*
- 10.46%
- 10Y*
- 17.43%
MGQIX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGQIX Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio | -2.42% | -19.55% | 16.34% | 21.69% | -20.69% | 18.61% | 15.97% | 32.94% | 0.43% | 21.67% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 1.11% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between MGQIX and PRWAX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2013 | 0.83 |
The correlation between MGQIX and PRWAX has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
MGQIX vs. PRWAX — Risk / Return Rank
MGQIX
PRWAX
MGQIX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio (MGQIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
| MGQIX | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.21 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.10 | -1.84 |
| Martin ratioReturn relative to average drawdown | -1.34 | 3.85 | -5.19 |
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
| MGQIX | PRWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.97 | 1.17 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.60 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.93 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.60 | -0.24 |
Drawdowns
MGQIX vs. PRWAX - Drawdown Comparison
The maximum MGQIX drawdown since its inception was -47.63%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for MGQIX and PRWAX.
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Drawdown Indicators
| MGQIX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.63% | -55.06% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -37.59% | -14.09% | -23.50% |
Max Drawdown (3Y)Largest decline over 3 years | -47.63% | -19.06% | -28.57% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -29.38% | -18.25% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -30.50% | -17.13% |
Current DrawdownCurrent decline from peak | -41.07% | -0.87% | -40.20% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -9.90% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.89% | 4.00% | +16.89% |
Volatility
MGQIX vs. PRWAX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio (MGQIX) is 3.00%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 3.52%. This indicates that MGQIX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGQIX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 3.52% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 31.40% | 10.56% | +20.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.91% | 13.27% | +15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 17.61% | +8.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 18.72% | +3.20% |
MGQIX vs. PRWAX - Expense Ratio Comparison
MGQIX has a 0.90% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Dividends
MGQIX vs. PRWAX - Dividend Comparison
MGQIX has not paid dividends to shareholders, while PRWAX's dividend yield for the trailing twelve months is around 8.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGQIX Morgan Stanley Institutional Fund, Inc. Global Sustain Portfolio | 0.00% | 0.00% | 30.72% | 0.47% | 0.71% | 1.79% | 2.54% | 4.84% | 8.37% | 5.51% | 8.22% | 3.11% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.26% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
MGQIX and PRWAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRWAX has higher volatility (3.52%) compared to MGQIX (3.00%). In terms of maximum drawdown, MGQIX dropped -47.63% vs PRWAX's -55.06%.
PRWAX currently has the higher Sharpe Ratio (1.17 vs -0.97), 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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