MSFAX vs. GLIFX
MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 10 years, MSFAX returned 6.50%/yr vs 10.23%/yr for GLIFX. A 0.63 correlation means they provide meaningful diversification when combined. MSFAX charges 0.92%/yr vs 0.97%/yr for GLIFX.
Performance
MSFAX vs. GLIFX - Performance Comparison
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Returns By Period
In the year-to-date period, MSFAX achieves a -9.27% return, which is significantly lower than GLIFX's 7.33% return. Over the past 10 years, MSFAX has underperformed GLIFX with an annualized return of 6.50%, while GLIFX has yielded a comparatively higher 10.23% annualized return.
MSFAX
- 1D
- -1.14%
- 1M
- -1.97%
- YTD
- -9.27%
- 6M
- -19.53%
- 1Y
- -25.03%
- 3Y*
- -2.08%
- 5Y*
- -0.70%
- 10Y*
- 6.50%
GLIFX
- 1D
- -0.51%
- 1M
- -1.97%
- YTD
- 7.33%
- 6M
- 7.56%
- 1Y
- 15.45%
- 3Y*
- 13.91%
- 5Y*
- 11.29%
- 10Y*
- 10.23%
MSFAX vs. GLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFAX Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio | -9.27% | -11.65% | 8.94% | 16.41% | -17.26% | 21.89% | 13.24% | 34.63% | -1.66% | 24.68% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.33% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between MSFAX and GLIFX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.63 |
Over the past year, the correlation between MSFAX and GLIFX has dropped to 0.34 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
MSFAX vs. GLIFX — Risk / Return Rank
MSFAX
GLIFX
MSFAX vs. GLIFX - 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 Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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 | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.27 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.74 | -2.59 |
| Martin ratioReturn relative to average drawdown | -1.57 | 5.88 | -7.45 |
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 | GLIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.51 | 1.46 | -2.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 1.03 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.77 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.84 | -0.24 |
Drawdowns
MSFAX vs. GLIFX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for MSFAX and GLIFX.
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Drawdown Indicators
| MSFAX | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -29.65% | -14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -9.00% | -21.00% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -10.02% | -23.87% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -17.15% | -16.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -29.65% | -4.24% |
Current DrawdownCurrent decline from peak | -29.87% | -5.79% | -24.08% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -3.36% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 2.66% | +13.47% |
Volatility
MSFAX vs. GLIFX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) is 2.87%, while Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) has a volatility of 4.53%. This indicates that MSFAX experiences smaller price fluctuations and is considered to be less risky than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFAX | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 4.53% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | 9.30% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 10.72% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 10.99% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 13.33% | +3.59% |
MSFAX vs. GLIFX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is lower than GLIFX's 0.97% expense ratio.
Dividends
MSFAX vs. GLIFX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while GLIFX's dividend yield for the trailing twelve months is around 6.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 6.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
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 GLIFX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIFX has higher volatility (4.53%) compared to MSFAX (2.87%). In terms of maximum drawdown, MSFAX dropped -43.81% vs GLIFX's -29.65%.
GLIFX currently has the higher Sharpe Ratio (1.46 vs -1.51), 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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