MSAQX vs. MAPTX
MSAQX (Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio) and MAPTX (Matthews Pacific Tiger Fund) are both Asia Pacific Equities funds. Over the past 10 years, MSAQX returned 9.92%/yr vs 5.14%/yr for MAPTX. Their correlation of 0.85 means they have usually moved in the same direction. MSAQX charges 1.10%/yr vs 1.09%/yr for MAPTX.
Performance
MSAQX vs. MAPTX - Performance Comparison
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Returns By Period
In the year-to-date period, MSAQX achieves a 14.25% return, which is significantly lower than MAPTX's 21.60% return. Over the past 10 years, MSAQX has outperformed MAPTX with an annualized return of 9.92%, while MAPTX has yielded a comparatively lower 5.14% annualized return.
MSAQX
- 1D
- 1.43%
- 1M
- 1.97%
- 6M
- 11.94%
- YTD
- 14.25%
- 1Y
- 8.61%
- 3Y*
- 8.75%
- 5Y*
- -0.98%
- 10Y*
- 9.92%
- ALL TIME*
- 10.15%
MAPTX
- 1D
- 0.48%
- 1M
- -3.33%
- 6M
- 12.67%
- YTD
- 21.60%
- 1Y
- 38.99%
- 3Y*
- 15.14%
- 5Y*
- -0.10%
- 10Y*
- 5.14%
- ALL TIME*
- 7.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MSAQX vs. MAPTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSAQX Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio | 14.25% | 2.06% | 19.71% | -6.83% | -22.01% | -20.52% | 52.55% | 44.74% | -13.64% | 76.83% |
MAPTX Matthews Pacific Tiger Fund | 21.60% | 30.07% | 3.25% | -4.82% | -20.69% | -17.92% | 28.88% | 10.75% | -11.05% | 39.94% |
Correlation
The correlation between MSAQX and MAPTX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.85 |
The correlation between MSAQX and MAPTX has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
MSAQX vs. MAPTX — Risk / Return Rank
MSAQX
MAPTX
MSAQX vs. MAPTX - 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 Matthews Pacific Tiger Fund (MAPTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSAQX | MAPTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.33 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.46 | -2.03 |
| Martin ratioReturn relative to average drawdown | 1.08 | 7.92 | -6.84 |
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Drawdowns
MSAQX vs. MAPTX - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, smaller than the maximum MAPTX drawdown of -69.79%. Use the drawdown chart below to compare losses from any high point for MSAQX and MAPTX.
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Drawdown Indicators
| MSAQX | MAPTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -69.79% | +8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -17.30% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -22.23% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -46.68% | -45.96% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -52.31% | -8.80% |
Current DrawdownCurrent decline from peak | -34.20% | -12.22% | -21.98% |
Average DrawdownAverage peak-to-trough decline | -24.58% | -17.39% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 5.30% | +4.13% |
Volatility
MSAQX vs. MAPTX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) is 8.12%, while Matthews Pacific Tiger Fund (MAPTX) has a volatility of 9.61%. This indicates that MSAQX experiences smaller price fluctuations and is considered to be less risky than MAPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAQX | MAPTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 9.61% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.04% | 23.52% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 25.41% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.86% | 21.19% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 18.90% | +3.82% |
MSAQX vs. MAPTX - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is higher than MAPTX's 1.09% expense ratio.
Dividends
MSAQX vs. MAPTX - Dividend Comparison
MSAQX has not paid dividends to shareholders, while MAPTX's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAPTX Matthews Pacific Tiger Fund | 1.91% | 2.33% | 8.93% | 2.93% | 8.52% | 4.85% | 5.74% | 3.44% | 4.78% | 1.25% | 2.61% | 11.18% |
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% |
Frequently Asked Questions
MSAQX and MAPTX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAPTX has higher volatility (9.61%) compared to MSAQX (8.12%). In terms of maximum drawdown, MSAQX dropped -61.11% vs MAPTX's -69.79%.
MAPTX currently has the higher Sharpe Ratio (1.68 vs 0.41), 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.
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