MIOIX vs. SPY
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) and SPDR S&P 500 ETF (SPY).
MIOIX is managed by T. Rowe Price. It was launched on Mar 30, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIOIX or SPY.
Correlation
The correlation between MIOIX and SPY is 0.73, 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.
Performance
MIOIX vs. SPY - Performance Comparison
Key characteristics
MIOIX:
1.45
SPY:
2.21
MIOIX:
2.08
SPY:
2.93
MIOIX:
1.26
SPY:
1.41
MIOIX:
0.44
SPY:
3.26
MIOIX:
10.63
SPY:
14.43
MIOIX:
2.18%
SPY:
1.90%
MIOIX:
16.00%
SPY:
12.41%
MIOIX:
-61.72%
SPY:
-55.19%
MIOIX:
-40.79%
SPY:
-2.74%
Returns By Period
In the year-to-date period, MIOIX achieves a 20.89% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, MIOIX has underperformed SPY with an annualized return of 7.54%, while SPY has yielded a comparatively higher 12.97% annualized return.
MIOIX
20.89%
-0.72%
11.24%
21.25%
1.80%
7.54%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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MIOIX vs. SPY - Expense Ratio Comparison
MIOIX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MIOIX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
MIOIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| 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% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MIOIX vs. SPY - Drawdown Comparison
The maximum MIOIX drawdown since its inception was -61.72%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MIOIX and SPY. For additional features, visit the drawdowns tool.
Volatility
MIOIX vs. SPY - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Opportunity Portfolio (MIOIX) has a higher volatility of 4.14% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that MIOIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.