Correlation
The correlation between MIGIX and PIMIX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MIGIX vs. PIMIX
Compare and contrast key facts about Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) and PIMCO Income Fund Institutional Class (PIMIX).
MIGIX is managed by T. Rowe Price. It was launched on Dec 27, 2010. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIGIX or PIMIX.
Performance
MIGIX vs. PIMIX - Performance Comparison
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Key characteristics
MIGIX:
1.81
PIMIX:
1.93
MIGIX:
2.36
PIMIX:
2.87
MIGIX:
1.32
PIMIX:
1.38
MIGIX:
1.17
PIMIX:
2.84
MIGIX:
5.98
PIMIX:
8.31
MIGIX:
10.19%
PIMIX:
0.96%
MIGIX:
35.33%
PIMIX:
4.14%
MIGIX:
-68.68%
PIMIX:
-13.39%
MIGIX:
-19.91%
PIMIX:
-0.51%
Returns By Period
In the year-to-date period, MIGIX achieves a 10.29% return, which is significantly higher than PIMIX's 3.06% return. Over the past 10 years, MIGIX has outperformed PIMIX with an annualized return of 12.53%, while PIMIX has yielded a comparatively lower 4.29% annualized return.
MIGIX
10.29%
11.00%
4.79%
63.98%
28.80%
8.91%
12.53%
PIMIX
3.06%
-0.09%
2.24%
7.18%
5.30%
4.27%
4.29%
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MIGIX vs. PIMIX - Expense Ratio Comparison
MIGIX has a 1.00% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
MIGIX vs. PIMIX — Risk-Adjusted Performance Rank
MIGIX
PIMIX
MIGIX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
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Dividends
MIGIX vs. PIMIX - Dividend Comparison
MIGIX's dividend yield for the trailing twelve months is around 1.21%, less than PIMIX's 5.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGIX Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio | 1.21% | 1.34% | 0.00% | 0.10% | 56.85% | 10.45% | 2.19% | 4.58% | 11.22% | 2.17% | 7.15% | 7.20% |
PIMIX PIMCO Income Fund Institutional Class | 5.70% | 6.27% | 6.73% | 6.39% | 4.02% | 4.84% | 5.82% | 5.64% | 5.39% | 5.57% | 7.93% | 6.53% |
Drawdowns
MIGIX vs. PIMIX - Drawdown Comparison
The maximum MIGIX drawdown since its inception was -68.68%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for MIGIX and PIMIX.
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Volatility
MIGIX vs. PIMIX - Volatility Comparison
Morgan Stanley Institutional Fund. Inc. Global Insight Portfolio (MIGIX) has a higher volatility of 8.08% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.32%. This indicates that MIGIX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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