MSAQX vs. FERIX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX).
MSAQX is managed by Morgan Stanley. It was launched on Dec 28, 2015. FERIX is managed by Fidelity. It was launched on Jun 15, 1999.
Performance
MSAQX vs. FERIX - Performance Comparison
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MSAQX vs. FERIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | -11.91% | 2.06% | 19.71% | -6.83% | -22.01% | -20.52% | 52.55% | 44.74% | -13.64% | 76.83% |
FERIX Fidelity Advisor Emerging Asia Fund Class I | 0.92% | 37.04% | 20.95% | 13.84% | -30.60% | -14.83% | 72.97% | 31.02% | -14.87% | 45.94% |
Returns By Period
In the year-to-date period, MSAQX achieves a -11.91% return, which is significantly lower than FERIX's 0.92% return. Over the past 10 years, MSAQX has underperformed FERIX with an annualized return of 7.78%, while FERIX has yielded a comparatively higher 12.65% annualized return.
MSAQX
- 1D
- -1.08%
- 1M
- -15.56%
- YTD
- -11.91%
- 6M
- -21.86%
- 1Y
- -11.91%
- 3Y*
- -0.57%
- 5Y*
- -9.29%
- 10Y*
- 7.78%
FERIX
- 1D
- -1.11%
- 1M
- -12.52%
- YTD
- 0.92%
- 6M
- 2.47%
- 1Y
- 34.26%
- 3Y*
- 20.82%
- 5Y*
- 2.42%
- 10Y*
- 12.65%
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MSAQX vs. FERIX - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is higher than FERIX's 0.94% expense ratio.
Return for Risk
MSAQX vs. FERIX — Risk / Return Rank
MSAQX
FERIX
MSAQX vs. FERIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and Fidelity Advisor Emerging Asia Fund Class I (FERIX). 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.
| MSAQX | FERIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.62 | 1.65 | -2.27 |
Sortino ratioReturn per unit of downside risk | -0.73 | 2.18 | -2.91 |
Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.27 | -2.84 |
Martin ratioReturn relative to average drawdown | -1.63 | 8.22 | -9.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSAQX | FERIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 1.65 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.11 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.61 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.35 | 0.00 |
Correlation
The correlation between MSAQX and FERIX is 0.87, 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.
Dividends
MSAQX vs. FERIX - Dividend Comparison
Neither MSAQX nor FERIX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 0.00% | 0.00% | 1.82% | 0.26% | 0.00% | 0.88% | 1.06% | 0.05% | 0.69% | 1.12% | 2.24% | 0.00% |
FERIX Fidelity Advisor Emerging Asia Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 12.49% | 6.58% | 5.30% | 6.70% | 0.03% | 1.29% | 0.82% |
Drawdowns
MSAQX vs. FERIX - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, roughly equal to the maximum FERIX drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for MSAQX and FERIX.
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Drawdown Indicators
| MSAQX | FERIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -60.82% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -13.53% | -10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -54.44% | -53.29% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -57.71% | -3.40% |
Current DrawdownCurrent decline from peak | -49.26% | -13.53% | -35.73% |
Average DrawdownAverage peak-to-trough decline | -24.17% | -18.22% | -5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.34% | 3.73% | +4.61% |
Volatility
MSAQX vs. FERIX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a higher volatility of 10.10% compared to Fidelity Advisor Emerging Asia Fund Class I (FERIX) at 9.61%. This indicates that MSAQX's price experiences larger fluctuations and is considered to be riskier than FERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAQX | FERIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 9.61% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 14.64% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 20.29% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.07% | 22.55% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 20.70% | +1.34% |