MSFAX vs. PREIX
MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) and PREIX (T. Rowe Price Equity Index 500 Fund) are both mutual funds - MSFAX is a Global Equities fund managed by T. Rowe Price, while PREIX is a Large Cap Blend Equities fund managed by T. Rowe Price. Over the past 10 years, MSFAX returned 6.50%/yr vs 15.42%/yr for PREIX. A 0.74 correlation means they provide meaningful diversification when combined. MSFAX charges 0.92%/yr vs 0.15%/yr for PREIX.
Performance
MSFAX vs. PREIX - 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 PREIX's 11.61% return. Over the past 10 years, MSFAX has underperformed PREIX with an annualized return of 6.50%, while PREIX has yielded a comparatively higher 15.42% 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%
PREIX
- 1D
- 0.13%
- 1M
- 5.78%
- YTD
- 11.61%
- 6M
- 11.63%
- 1Y
- 28.74%
- 3Y*
- 22.53%
- 5Y*
- 14.08%
- 10Y*
- 15.42%
MSFAX vs. PREIX - 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% |
PREIX T. Rowe Price Equity Index 500 Fund | 11.61% | 17.66% | 24.78% | 26.07% | -18.27% | 28.48% | 18.17% | 31.47% | -4.59% | 21.01% |
Correlation
The correlation between MSFAX and PREIX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2001 | 0.74 |
The correlation between MSFAX and PREIX shifts across timeframes, from 0.61 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSFAX vs. PREIX — Risk / Return Rank
MSFAX
PREIX
MSFAX vs. PREIX - 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 T. Rowe Price Equity Index 500 Fund (PREIX). 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 | PREIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.23 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.45 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 3.32 | -4.17 |
| Martin ratioReturn relative to average drawdown | -1.57 | 15.47 | -17.04 |
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 | PREIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.51 | 2.50 | -4.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.83 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.85 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.61 | -0.01 |
Drawdowns
MSFAX vs. PREIX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, smaller than the maximum PREIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for MSFAX and PREIX.
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Drawdown Indicators
| MSFAX | PREIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -55.32% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -8.93% | -21.07% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -18.78% | -15.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -24.60% | -9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -33.81% | -0.08% |
Current DrawdownCurrent decline from peak | -29.87% | 0.00% | -29.87% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -8.73% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 1.91% | +14.22% |
Volatility
MSFAX vs. PREIX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) and T. Rowe Price Equity Index 500 Fund (PREIX) have volatilities of 2.87% and 2.83%, 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
| MSFAX | PREIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.83% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | 8.98% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 11.87% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 17.00% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 18.11% | -1.19% |
MSFAX vs. PREIX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is higher than PREIX's 0.15% expense ratio.
Dividends
MSFAX vs. PREIX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while PREIX's dividend yield for the trailing twelve months is around 2.10%.
| Position | 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% |
PREIX T. Rowe Price Equity Index 500 Fund | 2.10% | 2.32% | 1.17% | 1.32% | 1.50% | 1.56% | 1.97% | 2.13% | 2.60% | 1.30% | 2.03% | 2.02% |
Frequently Asked Questions
MSFAX and PREIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFAX has higher volatility (2.87%) compared to PREIX (2.83%). In terms of maximum drawdown, MSFAX dropped -43.81% vs PREIX's -55.32%.
PREIX currently has the higher Sharpe Ratio (2.50 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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