MSACX vs. TIVFX
MSACX (Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio) and TIVFX (American Beacon Tocqueville International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, MSACX returned 8.95%/yr vs 9.61%/yr for TIVFX. A 0.78 correlation means they provide meaningful diversification when combined. MSACX charges 0.90%/yr vs 1.20%/yr for TIVFX.
Performance
MSACX vs. TIVFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSACX achieves a 17.05% return, which is significantly lower than TIVFX's 35.17% return. Over the past 10 years, MSACX has underperformed TIVFX with an annualized return of 8.95%, while TIVFX has yielded a comparatively higher 9.61% annualized return.
MSACX
- 1D
- 0.68%
- 1M
- 5.92%
- YTD
- 17.05%
- 6M
- 5.92%
- 1Y
- 17.93%
- 3Y*
- 16.30%
- 5Y*
- 4.86%
- 10Y*
- 8.95%
TIVFX
- 1D
- 0.11%
- 1M
- 3.80%
- YTD
- 35.17%
- 6M
- 39.21%
- 1Y
- 66.10%
- 3Y*
- 26.48%
- 5Y*
- 11.10%
- 10Y*
- 9.61%
MSACX vs. TIVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSACX Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio | 17.05% | 21.80% | 7.17% | 12.50% | -21.58% | 2.26% | 30.48% | 22.42% | -15.15% | 24.79% |
TIVFX American Beacon Tocqueville International Value Fund | 35.17% | 36.15% | 3.73% | 15.43% | -20.57% | 7.53% | 12.61% | 19.38% | -19.87% | 24.18% |
Correlation
The correlation between MSACX and TIVFX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 1994 | 0.78 |
The correlation between MSACX and TIVFX has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSACX vs. TIVFX — Risk / Return Rank
MSACX
TIVFX
MSACX vs. TIVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio (MSACX) and American Beacon Tocqueville International Value Fund (TIVFX). 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.
| MSACX | TIVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.61 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 5.75 | -4.48 |
| Martin ratioReturn relative to average drawdown | 4.43 | 21.04 | -16.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MSACX | TIVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 3.64 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.60 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.55 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.40 | -0.03 |
Drawdowns
MSACX vs. TIVFX - Drawdown Comparison
The maximum MSACX drawdown since its inception was -55.43%, roughly equal to the maximum TIVFX drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for MSACX and TIVFX.
Loading charts...
Drawdown Indicators
| MSACX | TIVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -54.21% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.85% | -11.69% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -23.99% | +10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.36% | -36.31% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -37.36% | -41.51% | +4.15% |
Current DrawdownCurrent decline from peak | 0.00% | -1.91% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -13.38% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.19% | +0.77% |
Volatility
MSACX vs. TIVFX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio (MSACX) is 5.00%, while American Beacon Tocqueville International Value Fund (TIVFX) has a volatility of 6.58%. This indicates that MSACX experiences smaller price fluctuations and is considered to be less risky than TIVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MSACX | TIVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 6.58% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 18.77% | 15.06% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 18.47% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 18.61% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 17.62% | +0.66% |
MSACX vs. TIVFX - Expense Ratio Comparison
MSACX has a 0.90% expense ratio, which is lower than TIVFX's 1.20% expense ratio.
Dividends
MSACX vs. TIVFX - Dividend Comparison
MSACX has not paid dividends to shareholders, while TIVFX's dividend yield for the trailing twelve months is around 6.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSACX Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio | 0.00% | 0.00% | 3.49% | 3.41% | 1.73% | 8.51% | 0.04% | 1.25% | 1.70% | 2.04% | 2.42% | 0.97% |
TIVFX American Beacon Tocqueville International Value Fund | 6.53% | 8.82% | 10.23% | 1.66% | 1.39% | 3.65% | 0.34% | 1.69% | 1.37% | 1.28% | 1.57% | 3.01% |
Frequently Asked Questions
MSACX and TIVFX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIVFX has higher volatility (6.58%) compared to MSACX (5.00%). In terms of maximum drawdown, MSACX dropped -55.43% vs TIVFX's -54.21%.
TIVFX currently has the higher Sharpe Ratio (3.64 vs 0.90), 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.
Find the right allocation for MSACX and TIVFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer