MIOIX vs. ACWI
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) and iShares MSCI ACWI ETF (ACWI).
MIOIX is managed by T. Rowe Price. It was launched on Mar 30, 2010. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIOIX or ACWI.
Performance
MIOIX vs. ACWI - Performance Comparison
Returns By Period
In the year-to-date period, MIOIX achieves a 19.93% return, which is significantly higher than ACWI's 17.56% return. Over the past 10 years, MIOIX has underperformed ACWI with an annualized return of 7.06%, while ACWI has yielded a comparatively higher 9.26% annualized return.
MIOIX
19.93%
-0.66%
7.92%
28.68%
2.26%
7.06%
ACWI
17.56%
-1.67%
6.67%
24.57%
10.95%
9.26%
Key characteristics
| MIOIX | ACWI | |
|---|---|---|
| Sharpe Ratio | 1.75 | 2.17 |
| Sortino Ratio | 2.50 | 2.97 |
| Omega Ratio | 1.30 | 1.39 |
| Calmar Ratio | 0.51 | 3.09 |
| Martin Ratio | 13.30 | 13.91 |
| Ulcer Index | 2.10% | 1.80% |
| Daily Std Dev | 15.90% | 11.56% |
| Max Drawdown | -61.72% | -56.00% |
| Current Drawdown | -41.26% | -2.45% |
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MIOIX vs. ACWI - Expense Ratio Comparison
MIOIX has a 1.00% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Correlation
The correlation between MIOIX and ACWI is 0.81, 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.
Risk-Adjusted Performance
MIOIX vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) and iShares MSCI ACWI ETF (ACWI). 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.
Dividends
MIOIX vs. ACWI - Dividend Comparison
MIOIX has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIOIX Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.21% | 0.05% | 0.65% |
ACWI iShares MSCI ACWI ETF | 1.60% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
MIOIX vs. ACWI - Drawdown Comparison
The maximum MIOIX drawdown since its inception was -61.72%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for MIOIX and ACWI. For additional features, visit the drawdowns tool.
Volatility
MIOIX vs. ACWI - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) has a higher volatility of 4.13% compared to iShares MSCI ACWI ETF (ACWI) at 3.26%. This indicates that MIOIX's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.