MSAQX vs. MACGX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
MSAQX is managed by Morgan Stanley. It was launched on Dec 28, 2015. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
MSAQX vs. MACGX - Performance Comparison
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MSAQX vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | -9.06% | 2.06% | 19.71% | -6.83% | -22.01% | -20.52% | 52.55% | 44.74% | -13.64% | 76.83% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -11.39% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Returns By Period
In the year-to-date period, MSAQX achieves a -9.06% return, which is significantly higher than MACGX's -11.39% return. Over the past 10 years, MSAQX has underperformed MACGX with an annualized return of 8.13%, while MACGX has yielded a comparatively higher 12.76% annualized return.
MSAQX
- 1D
- 3.24%
- 1M
- -11.97%
- YTD
- -9.06%
- 6M
- -19.76%
- 1Y
- -9.35%
- 3Y*
- 0.50%
- 5Y*
- -9.16%
- 10Y*
- 8.13%
MACGX
- 1D
- 4.70%
- 1M
- -4.98%
- YTD
- -11.39%
- 6M
- -20.28%
- 1Y
- 6.83%
- 3Y*
- 21.48%
- 5Y*
- -7.74%
- 10Y*
- 12.76%
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MSAQX vs. MACGX - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is higher than MACGX's 1.00% expense ratio.
Return for Risk
MSAQX vs. MACGX — Risk / Return Rank
MSAQX
MACGX
MSAQX vs. MACGX - 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 Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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 | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | 0.27 | -0.71 |
Sortino ratioReturn per unit of downside risk | -0.47 | 0.62 | -1.09 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.08 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.29 | -0.80 |
Martin ratioReturn relative to average drawdown | -1.45 | 0.73 | -2.17 |
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 | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | 0.27 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.16 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.33 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.31 | +0.06 |
Correlation
The correlation between MSAQX and MACGX is 0.49, 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.
Dividends
MSAQX vs. MACGX - Dividend Comparison
Neither MSAQX nor MACGX 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% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Drawdowns
MSAQX vs. MACGX - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for MSAQX and MACGX.
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Drawdown Indicators
| MSAQX | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -77.61% | +16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -27.55% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -54.44% | -77.61% | +23.17% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -77.61% | +16.50% |
Current DrawdownCurrent decline from peak | -47.62% | -50.74% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -24.18% | -25.53% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.31% | 10.93% | -2.62% |
Volatility
MSAQX vs. MACGX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a higher volatility of 10.85% compared to Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) at 9.52%. This indicates that MSAQX's price experiences larger fluctuations and is considered to be riskier than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAQX | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 9.52% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 22.32% | -6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 32.22% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 48.42% | -24.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 39.21% | -17.14% |