MSFAX vs. AGLOX
MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) and AGLOX (Ariel Global Fund) are both Global Equities funds. Over the past 10 years, MSFAX returned 6.79%/yr vs 9.82%/yr for AGLOX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MSFAX charges 0.92%/yr vs 1.13%/yr for AGLOX.
Performance
MSFAX vs. AGLOX - Performance Comparison
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Returns By Period
In the year-to-date period, MSFAX achieves a -5.83% return, which is significantly lower than AGLOX's 20.96% return. Over the past 10 years, MSFAX has underperformed AGLOX with an annualized return of 6.79%, while AGLOX has yielded a comparatively higher 9.82% annualized return.
MSFAX
- 1D
- 0.72%
- 1M
- 2.72%
- 6M
- -3.42%
- YTD
- -5.83%
- 1Y
- -20.48%
- 3Y*
- -2.17%
- 5Y*
- -1.19%
- 10Y*
- 6.79%
- ALL TIME*
- 10.11%
AGLOX
- 1D
- 0.00%
- 1M
- -3.15%
- 6M
- 17.62%
- YTD
- 20.96%
- 1Y
- 33.54%
- 3Y*
- 17.92%
- 5Y*
- 11.68%
- 10Y*
- 9.82%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AGLOX Ariel Global Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MSFAX vs. AGLOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFAX Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio | -5.83% | -11.65% | 8.94% | 16.41% | -17.26% | 21.89% | 13.24% | 34.63% | -1.66% | 24.68% |
AGLOX Ariel Global Fund | 20.96% | 23.22% | 6.55% | 12.40% | -5.47% | 11.53% | 7.70% | 15.98% | -6.03% | 15.63% |
Correlation
The correlation between MSFAX and AGLOX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.74 |
Over the past year, the correlation between MSFAX and AGLOX has dropped to 0.30 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
MSFAX vs. AGLOX — Risk / Return Rank
MSFAX
AGLOX
MSFAX vs. AGLOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) and Ariel Global Fund (AGLOX). 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.
| MSFAX | AGLOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -4.47 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.42 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 3.04 | -3.77 |
| Martin ratioReturn relative to average drawdown | -1.15 | 10.56 | -11.71 |
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Drawdowns
MSFAX vs. AGLOX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, which is greater than AGLOX's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for MSFAX and AGLOX.
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Drawdown Indicators
| MSFAX | AGLOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -24.72% | -19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -10.66% | -18.54% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -12.94% | -20.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -16.77% | -17.12% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -24.72% | -9.17% |
Current DrawdownCurrent decline from peak | -27.22% | -4.54% | -22.68% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -3.37% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.50% | 3.06% | +15.44% |
Volatility
MSFAX vs. AGLOX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) has a higher volatility of 4.89% compared to Ariel Global Fund (AGLOX) at 4.31%. This indicates that MSFAX's price experiences larger fluctuations and is considered to be riskier than AGLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFAX | AGLOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 4.31% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 12.59% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 14.63% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 13.03% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 13.22% | +3.68% |
MSFAX vs. AGLOX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is lower than AGLOX's 1.13% expense ratio.
Dividends
MSFAX vs. AGLOX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while AGLOX's dividend yield for the trailing twelve months is around 13.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGLOX Ariel Global Fund | 13.54% | 16.38% | 27.80% | 18.51% | 4.82% | 2.00% | 0.85% | 4.39% | 3.42% | 4.48% | 2.65% | 0.81% |
MSFAX Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio | 0.00% | 0.00% | 11.85% | 1.96% | 1.69% | 2.75% | 3.48% | 8.23% | 5.76% | 3.72% | 3.11% | 4.75% |
Frequently Asked Questions
MSFAX and AGLOX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFAX has higher volatility (4.89%) compared to AGLOX (4.31%). In terms of maximum drawdown, MSFAX dropped -43.81% vs AGLOX's -24.72%.
AGLOX currently has the higher Sharpe Ratio (2.22 vs -1.21), 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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