MSFAX vs. FGIAX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) and Nuveen Global Infrastructure Fund Class A (FGIAX).
MSFAX is managed by T. Rowe Price. It was launched on Nov 27, 2001. FGIAX is a passively managed fund by Nuveen that tracks the performance of the S&P Global Infrastructure Index NR. It was launched on Dec 17, 2007.
Performance
MSFAX vs. FGIAX - Performance Comparison
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MSFAX vs. FGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFAX Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio | -12.01% | -11.65% | 8.94% | 16.41% | -17.26% | 21.89% | 13.24% | 34.63% | -1.66% | 24.68% |
FGIAX Nuveen Global Infrastructure Fund Class A | 10.36% | 17.73% | 10.70% | 8.51% | -6.23% | 14.51% | -2.76% | 29.32% | -7.91% | 19.40% |
Returns By Period
In the year-to-date period, MSFAX achieves a -12.01% return, which is significantly lower than FGIAX's 10.36% return. Over the past 10 years, MSFAX has underperformed FGIAX with an annualized return of 6.45%, while FGIAX has yielded a comparatively higher 8.78% annualized return.
MSFAX
- 1D
- 1.72%
- 1M
- -6.99%
- YTD
- -12.01%
- 6M
- -25.07%
- 1Y
- -24.83%
- 3Y*
- -2.48%
- 5Y*
- -0.52%
- 10Y*
- 6.45%
FGIAX
- 1D
- 0.76%
- 1M
- -2.77%
- YTD
- 10.36%
- 6M
- 10.94%
- 1Y
- 21.22%
- 3Y*
- 14.32%
- 5Y*
- 10.46%
- 10Y*
- 8.78%
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MSFAX vs. FGIAX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is lower than FGIAX's 1.21% expense ratio.
Return for Risk
MSFAX vs. FGIAX — Risk / Return Rank
MSFAX
FGIAX
MSFAX vs. FGIAX - 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 Nuveen Global Infrastructure Fund Class A (FGIAX). 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.
| MSFAX | FGIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.29 | 1.79 | -3.08 |
Sortino ratioReturn per unit of downside risk | -1.62 | 2.30 | -3.92 |
Omega ratioGain probability vs. loss probability | 0.73 | 1.36 | -0.63 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.73 | -3.56 |
Martin ratioReturn relative to average drawdown | -2.01 | 12.62 | -14.63 |
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
| MSFAX | FGIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.29 | 1.79 | -3.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.80 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.58 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.42 | +0.18 |
Correlation
The correlation between MSFAX and FGIAX is 0.74, 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
MSFAX vs. FGIAX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while FGIAX's dividend yield for the trailing twelve months is around 9.05%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FGIAX Nuveen Global Infrastructure Fund Class A | 9.05% | 9.99% | 7.46% | 2.27% | 6.11% | 7.20% | 1.38% | 7.06% | 6.32% | 5.83% | 8.23% | 3.05% |
Drawdowns
MSFAX vs. FGIAX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, smaller than the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for MSFAX and FGIAX.
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Drawdown Indicators
| MSFAX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -49.35% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -8.29% | -21.71% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -21.08% | -12.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -38.02% | +4.13% |
Current DrawdownCurrent decline from peak | -31.99% | -3.06% | -28.93% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -7.22% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 1.79% | +10.64% |
Volatility
MSFAX vs. FGIAX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) has a higher volatility of 4.62% compared to Nuveen Global Infrastructure Fund Class A (FGIAX) at 4.15%. This indicates that MSFAX's price experiences larger fluctuations and is considered to be riskier than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFAX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.15% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 7.07% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 12.28% | +7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 13.08% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 15.17% | +1.74% |