MSAQX vs. MSEGX
MSAQX (Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio) and MSEGX (Morgan Stanley Institutional Growth Portfolio) are both mutual funds - MSAQX is a Asia Pacific Equities fund managed by Morgan Stanley, while MSEGX is a Large Cap Growth Equities fund actively managed by Morgan Stanley. Over the past 10 years, MSAQX returned 9.92%/yr vs 15.45%/yr for MSEGX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. MSAQX charges 1.10%/yr vs 0.87%/yr for MSEGX.
Performance
MSAQX vs. MSEGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSAQX achieves a 14.25% return, which is significantly higher than MSEGX's -8.56% return. Over the past 10 years, MSAQX has underperformed MSEGX with an annualized return of 9.92%, while MSEGX has yielded a comparatively higher 15.45% 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%
MSEGX
- 1D
- 2.02%
- 1M
- -6.14%
- 6M
- 2.08%
- YTD
- -8.56%
- 1Y
- -6.44%
- 3Y*
- 22.63%
- 5Y*
- -3.06%
- 10Y*
- 15.45%
- ALL TIME*
- 10.89%
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. MSEGX - 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% |
MSEGX Morgan Stanley Institutional Growth Portfolio | -8.56% | 24.43% | 46.29% | 49.87% | -60.27% | -0.31% | 115.11% | 38.93% | 5.01% | 43.53% |
Correlation
The correlation between MSAQX and MSEGX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.52 |
The correlation between MSAQX and MSEGX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
MSAQX vs. MSEGX — Risk / Return Rank
MSAQX
MSEGX
MSAQX vs. MSEGX - 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 Growth Portfolio (MSEGX). 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 | MSEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.10 | +0.54 |
| Martin ratioReturn relative to average drawdown | 1.08 | -0.20 | +1.28 |
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Drawdowns
MSAQX vs. MSEGX - Drawdown Comparison
The maximum MSAQX drawdown since its inception was -61.11%, smaller than the maximum MSEGX drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for MSAQX and MSEGX.
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Drawdown Indicators
| MSAQX | MSEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.11% | -69.57% | +8.46% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -27.83% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -32.54% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -46.68% | -69.57% | +22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -61.11% | -69.57% | +8.46% |
Current DrawdownCurrent decline from peak | -34.20% | -20.97% | -13.23% |
Average DrawdownAverage peak-to-trough decline | -24.58% | -19.50% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 14.57% | -5.14% |
Volatility
MSAQX vs. MSEGX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) has a higher volatility of 8.12% compared to Morgan Stanley Institutional Growth Portfolio (MSEGX) at 7.72%. This indicates that MSAQX's price experiences larger fluctuations and is considered to be riskier than MSEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAQX | MSEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 7.72% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 22.04% | 22.82% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 29.63% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.86% | 39.95% | -15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 33.98% | -11.26% |
MSAQX vs. MSEGX - Expense Ratio Comparison
MSAQX has a 1.10% expense ratio, which is higher than MSEGX's 0.87% expense ratio.
Dividends
MSAQX vs. MSEGX - Dividend Comparison
Neither MSAQX nor MSEGX has paid dividends to shareholders.
| Position | 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% |
MSEGX Morgan Stanley Institutional Growth Portfolio | 0.00% | 0.00% | 0.42% | 0.00% | 18.70% | 26.52% | 10.03% | 22.75% | 5.67% | 22.18% | 13.17% | 7.76% |
Frequently Asked Questions
MSAQX and MSEGX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSAQX has higher volatility (8.12%) compared to MSEGX (7.72%). In terms of maximum drawdown, MSAQX dropped -61.11% vs MSEGX's -69.57%.
MSAQX currently has the higher Sharpe Ratio (0.41 vs -0.10), 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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