MSAQX vs. MATFX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and Matthews Asia Innovators Fund (MATFX).
MSAQX is managed by Morgan Stanley. It was launched on Dec 28, 2015. MATFX is managed by Matthews. It was launched on Dec 26, 1999.
Performance
MSAQX vs. MATFX - Performance Comparison
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MSAQX vs. MATFX - 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% |
MATFX Matthews Asia Innovators Fund | 6.71% | 30.22% | 16.47% | -1.77% | -24.66% | -5.90% | 86.75% | 29.60% | -18.59% | 52.78% |
Returns By Period
In the year-to-date period, MSAQX achieves a -11.91% return, which is significantly lower than MATFX's 6.71% return. Over the past 10 years, MSAQX has underperformed MATFX with an annualized return of 7.78%, while MATFX has yielded a comparatively higher 11.50% 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%
MATFX
- 1D
- -1.05%
- 1M
- -9.74%
- YTD
- 6.71%
- 6M
- 3.63%
- 1Y
- 36.32%
- 3Y*
- 15.76%
- 5Y*
- 2.57%
- 10Y*
- 11.50%
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MSAQX vs. MATFX - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is lower than MATFX's 1.18% expense ratio.
Return for Risk
MSAQX vs. MATFX — Risk / Return Rank
MSAQX
MATFX
MSAQX vs. MATFX - 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 Asia Innovators Fund (MATFX). 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 | MATFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.62 | 1.72 | -2.34 |
Sortino ratioReturn per unit of downside risk | -0.73 | 2.28 | -3.01 |
Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.92 | -2.50 |
Martin ratioReturn relative to average drawdown | -1.63 | 6.58 | -8.21 |
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 | MATFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 1.72 | -2.34 |
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 | 0.52 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.25 | +0.10 |
Correlation
The correlation between MSAQX and MATFX 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. MATFX - Dividend Comparison
Neither MSAQX nor MATFX 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% |
MATFX Matthews Asia Innovators Fund | 0.00% | 0.00% | 0.00% | 0.00% | 26.54% | 31.07% | 1.67% | 0.29% | 2.63% | 8.44% | 0.00% | 15.24% |
Drawdowns
MSAQX vs. MATFX - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, smaller than the maximum MATFX drawdown of -76.88%. Use the drawdown chart below to compare losses from any high point for MSAQX and MATFX.
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Drawdown Indicators
| MSAQX | MATFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -76.88% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -13.52% | -10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -54.44% | -45.33% | -9.11% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -52.42% | -8.69% |
Current DrawdownCurrent decline from peak | -49.26% | -10.64% | -38.62% |
Average DrawdownAverage peak-to-trough decline | -24.17% | -28.35% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.34% | 4.75% | +3.59% |
Volatility
MSAQX vs. MATFX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) and Matthews Asia Innovators Fund (MATFX) have volatilities of 10.10% and 9.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAQX | MATFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 9.83% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 15.52% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 21.52% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.07% | 23.97% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 22.22% | -0.18% |