MSAQX vs. EWJ
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and iShares MSCI Japan ETF (EWJ).
MSAQX is managed by Morgan Stanley. It was launched on Dec 28, 2015. EWJ is a passively managed fund by iShares that tracks the performance of the MSCI Japan Index. It was launched on Mar 12, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSAQX or EWJ.
Key characteristics
| MSAQX | EWJ | |
|---|---|---|
| YTD Return | 11.37% | 7.44% |
| 1Y Return | 5.78% | 18.45% |
| 3Y Return (Ann) | -13.76% | 1.72% |
| 5Y Return (Ann) | 3.15% | 6.95% |
| Sharpe Ratio | 0.34 | 1.23 |
| Daily Std Dev | 18.03% | 14.83% |
| Max Drawdown | -61.11% | -58.89% |
| Current Drawdown | -47.50% | -4.07% |
Correlation
The correlation between MSAQX and EWJ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MSAQX vs. EWJ - Performance Comparison
In the year-to-date period, MSAQX achieves a 11.37% return, which is significantly higher than EWJ's 7.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MSAQX vs. EWJ - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is higher than EWJ's 0.49% expense ratio.
Risk-Adjusted Performance
MSAQX vs. EWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and iShares MSCI Japan ETF (EWJ). 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
MSAQX vs. EWJ - Dividend Comparison
MSAQX's dividend yield for the trailing twelve months is around 0.24%, less than EWJ's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 0.24% | 0.26% | 0.00% | 0.88% | 1.06% | 0.05% | 0.69% | 1.12% | 2.24% | 0.00% | 0.00% | 0.00% |
EWJ iShares MSCI Japan ETF | 1.89% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% | 1.32% | 1.11% |
Drawdowns
MSAQX vs. EWJ - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, roughly equal to the maximum EWJ drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for MSAQX and EWJ. For additional features, visit the drawdowns tool.
Volatility
MSAQX vs. EWJ - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a higher volatility of 6.03% compared to iShares MSCI Japan ETF (EWJ) at 4.74%. This indicates that MSAQX's price experiences larger fluctuations and is considered to be riskier than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.