MIOIX vs. GQJPX
MIOIX (Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both mutual funds - MIOIX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while GQJPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, MIOIX returned -1.96%/yr vs 9.74%/yr for GQJPX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. MIOIX charges 1.00%/yr vs 0.91%/yr for GQJPX.
Performance
MIOIX vs. GQJPX - Performance Comparison
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Returns By Period
In the year-to-date period, MIOIX achieves a 4.85% return, which is significantly lower than GQJPX's 10.84% return.
MIOIX
- 1D
- 4.10%
- 1M
- -0.74%
- 6M
- 4.91%
- YTD
- 4.85%
- 1Y
- 8.38%
- 3Y*
- 11.03%
- 5Y*
- -1.96%
- 10Y*
- 9.47%
- ALL TIME*
- 9.55%
GQJPX
- 1D
- 1.02%
- 1M
- 5.30%
- 6M
- 5.01%
- YTD
- 10.84%
- 1Y
- 20.48%
- 3Y*
- 16.39%
- 5Y*
- 9.74%
- 10Y*
- —
- ALL TIME*
- 9.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MIOIX vs. GQJPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MIOIX Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio | 4.85% | 12.64% | 19.32% | 21.11% | -43.76% | -10.96% |
GQJPX GQG Partners International Quality Dividend Income Fund | 10.84% | 24.88% | 7.39% | 18.06% | -10.50% | 1.05% |
Correlation
The correlation between MIOIX and GQJPX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.51 |
Over the past year, the correlation between MIOIX and GQJPX has dropped to 0.24 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
MIOIX vs. GQJPX — Risk / Return Rank
MIOIX
GQJPX
MIOIX vs. GQJPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIOIX | GQJPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.35 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 2.38 | -2.08 |
| Martin ratioReturn relative to average drawdown | 0.90 | 5.91 | -5.01 |
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Drawdowns
MIOIX vs. GQJPX - Drawdown Comparison
The maximum MIOIX drawdown since its inception was -60.88%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for MIOIX and GQJPX.
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Drawdown Indicators
| MIOIX | GQJPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.88% | -21.83% | -39.05% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -8.56% | -9.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -9.45% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -56.75% | -21.83% | -34.92% |
Max Drawdown (10Y)Largest decline over 10 years | -60.88% | — | — |
Current DrawdownCurrent decline from peak | -22.99% | -1.06% | -21.93% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -5.51% | -10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 3.43% | +2.58% |
Volatility
MIOIX vs. GQJPX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) has a higher volatility of 8.19% compared to GQG Partners International Quality Dividend Income Fund (GQJPX) at 3.06%. This indicates that MIOIX's price experiences larger fluctuations and is considered to be riskier than GQJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIOIX | GQJPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 3.06% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 20.80% | 8.65% | +12.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 10.54% | +12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.65% | 12.84% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 12.90% | +9.47% |
MIOIX vs. GQJPX - Expense Ratio Comparison
MIOIX has a 1.00% expense ratio, which is higher than GQJPX's 0.91% expense ratio.
Dividends
MIOIX vs. GQJPX - Dividend Comparison
MIOIX has not paid dividends to shareholders, while GQJPX's dividend yield for the trailing twelve months is around 3.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQJPX GQG Partners International Quality Dividend Income Fund | 3.79% | 3.22% | 3.35% | 4.50% | 5.59% | 1.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MIOIX Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio | 0.00% | 0.00% | 0.16% | 0.00% | 9.25% | 2.13% | 0.24% | 0.00% | 0.24% | 1.63% | 0.02% | 3.15% |
Frequently Asked Questions
MIOIX and GQJPX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIOIX has higher volatility (8.19%) compared to GQJPX (3.06%). In terms of maximum drawdown, MIOIX dropped -60.88% vs GQJPX's -21.83%.
GQJPX currently has the higher Sharpe Ratio (1.93 vs 0.23), 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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